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Brex Offers FDIC Insurance, Adds Chief Legal Officer

PYMNTS

Brex , the San Francisco financial technology startup, is offering FDIC insurance on its no-fee cash management account, the company announced Wednesday (July 22). The new feature in Brex Cash allows customers the choice to hold cash savings with FDIC insurance, or invest in Money Market Funds.

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At home with HOA banking

Independent Banker

Looking for an avenue to increase its deposit base, Academy Bank tapped into a market it hadn’t explored before: homeowners associations. Location: Kansas City, Mo. Academy Bank in Kansas City, Mo., is a full-service commercial bank with 80 branch locations in Arizona, Colorado, Kansas and Missouri. By William Atkinson.

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Community Bank Outlook: Challenges and Opportunities in 2021 and Beyond

Abrigo

according to FFIEC and FDIC data. Economy , supervisory and risk specialists from the Federal Reserve of Kansas outline top challenges and opportunities regarding the future of community banking. One key area that can be both an obstacle and an opportunity for community banks is technology, the Federal Reserve Bank of Kansas City says.

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How to Measure Interest Rate Risk Effectively in Banks & Credit Unions

Abrigo

As recently as May 2021, regulators identified interest rate risk as among the key risks in the economy, financial markets, and the banking industry that could affect insured institutions. FDIC) noted in its 2021 Risk Review. ALM models typically use two types of measuring sticks for interest rate risks at a financial institution.

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The top-performing community banks of 2021

Independent Banker

Central Bank of Kansas City. Kansas City. A: We strategically positioned ourselves to take advantage of the market. We’ve been the number one SBA lender in our market for the past two years, so we were well positioned to assist our clients with the PPP program. One American Bank. Sioux Falls. Magnolia Bank, Inc.

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NY Fed blog post calls into question objections to payday loans and rollover limits

CFPB Monitor

They also note that an FDIC study using payday store-level data concluded “that fixed operating costs and loan loss rates do justify a large part of the high APRs charged.”. The authors are Robert DeYoung, Ronald J. Mann, Donald P. Morgan, and Michael R.

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The Mother List of All Banking Books

Jeff For Banks

Inside the FDIC: Thirty Years of Bank Failures, Bailouts, and Regulatory Battles 2015 Louis D. The Panic of 1907: Lessons Learned from the Market's Perfect Storm 2009 Lowell L. Bonadio Bonadio, Felice A. Giannini: Banker of America 1994 Richard X. Bove Bove, Richard X. Guardians of Prosperity: Why America Needs Big Banks 2013 John F.

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