PYMNTS

JUNE 20, 2017

The action comes a week after the FDIC announced that digital lender SoFi had applied to the state of Utah for a special banking charter known as an ILC. You don’t have any regulation of the parent company under the Bank Holding Act; that is almost always the reason why companies are setting these [structures] up,” he said.

Utah 108

Utah Indiana America Community 108

Jeff For Banks

MARCH 5, 2021

Another challenge is imposed by the very government that tries to assist LMI households: regulation. The operating cost is largely attributable to the distribution through the branch network and regulation. Since a bank can't cut regulation, they trim their branch network to lower those costs. What does that write-up look like?

Regulation 78

Regulation Indiana Charlotte Community Bank 78

Jeff For Banks

MARCH 27, 2010

Regulators have been particularly harsh to those banks whose business plans call for other-than-traditional deposit acquisition. If your bank has brokered deposits, Internet deposits, jumbo CDs, rewards checking, and in some cases CDARs, a regulator near you may be calling to order you to seek more traditional funding.

Indiana 60

Indiana FDIC Strategy Regulation 60

Jeff For Banks

SEPTEMBER 10, 2011

Last post was dedicated to the #5 Bank, German American Bancorp of Jasper, Indiana (see post here ). What is interesting about the success of Bank of the Ozarks and its CEO is the fact that he wasn''t the "experienced banker" regulators almost insist upon when approving the appointment of bank leadership.

Arkansas 67

Arkansas South Carolina FDIC North Carolina 67

American Banker

JULY 14, 2016

The possible selection of Indiana Gov. Mike Pence as Donald Trump's running mate could clarify the presumptive Republican nominee's banking policy views, adding a policymaker to the ticket who has been outspoken about the Dodd-Frank Act, "too big to fail," and the CFPB.

Policies 28

Policies Indiana FDIC Regulation 28