Remove FDIC Remove Leadership Remove Management Remove Study
article thumbnail

BaaS Banks Are in Time Out, and Here’s Why It’s a Big Deal

Gonzobanker

Cross River Bank recently found itself in hot water with the FDIC when the agency declared that the bank engaged in unsafe or unsound banking practices in relation to its compliance with fair lending laws and regulations, specifically the Equal Credit Opportunity Act and the Truth-in-Lending Act. In effect, Cross River is in time out.

article thumbnail

CFPB Director Chopra warns banks—and bank executives—about overdraft practices

CFPB Monitor

Prior to the issuance of the two new reports, the Bureau’s most recent report on overdrafts was issued in August 2017 under the leadership of former Director Cordray. Two earlier reports were issued in June 2013 and July 2014 , also under former Director Cordray. And, in any event, high fees alone are not unlawful.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Seven Big Threats Facing Seven Big Tech And Payments Players This Halloween

PYMNTS

Facebook leadership underestimated the role that platform governance plays in keeping platforms alive and thriving – and it may be too little, much too late to turn things around. In fact, according to our recent study, they come in dead last. And that is a bank – one with FDIC insurance and safeguards that keep their money safe.

Payments 196
article thumbnail

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. Manias, Panics, and Crashes: A History of Financial Crises 2005 John Jay Knox Knox, John Jay A History of Banking in the United States 2017 Timothy Koch Koch, Timothy Bank Management (8th ed.) Giannini: Banker of America 1994 Richard X.

America 78
article thumbnail

The Thinker

Independent Banker

Yet his steady leadership is paired with a willingness to challenge the status quo cautiously to keep up with an evolving marketplace—a quality that appealed to the bank’s board when it promoted him from loan officer to bank president 25 years ago. FDIC Advisory Committee on Community Banking, member. Thoughtful action. Kelly Pike.

Ohio 70