PYMNTS
JULY 22, 2020
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.
CFPB Monitor
MAY 6, 2021
In addition, legal challenges to the OCC and FDIC “ Madden -fix” rules and the OCC’s “true lender” rule continue to create uncertainty for participants. The new Maryland matter demonstrates that participants in bank model programs continue to face state licensing threats.
PYMNTS
NOVEMBER 12, 2020
Missouri-based commercial real estate broker John John told local media that the pandemic was the final push for a sector that had already been in a decline. Bank regulators and overseers have been tracking the problem since the outbreak’s onset. The Post reported that the Federal Deposit Insurance Corp.
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