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Varo Is First FinTech to Receive Full-Service Charter from the OCC

CFPB Monitor

On July 31, 2020, the Office of the Comptroller of the Currency (OCC) approved the national bank charter application of Varo Bank, N.A., team — the first consumer fintech to receive a national bank charter. As other fintechs mature and grow nationally, the message from the federal banking system is: come on in. Varo Bank, N.A.’s

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Acquire or Be Acquired 2024: A Race to Perform … and Earn the Right to Transform 

Gonzobanker

Concerns about successors to today’s executive leadership teams dominated many presentations. Investors are concerned about earnings, and more than one presentation posed the question: “Will credit replace margin?” But kudos to Michaud for acknowledging this could be the busiest graph/image he’s ever presented.

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Bankers: Are We Accountable?

Jeff For Banks

Twenty years ago there were 14,000 FDIC-insured financial institutions. I recently made a presentation to staffers and advisers to the Pacific Coast Banking School (PCBS) regarding what I would change in the curriculum. Today that number is cut in half. The reasons are many. not cutting our industry by half), then we are insane.

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Is US Financial Regulatory Reform Dead or Ready for Take Off?

FICO

Adding to these legislative initiatives are such must-do items as flood insurance, appropriations funding, the FAA Authorization Act, the National Defense Authorization Act and, of course, the lifting of the debt ceiling. These changes in leadership will assist in the implementation of the President’s financial regulatory reform agenda.

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