Independent Banker

DECEMBER 31, 2022

The FDIC approved a final rule to increase initial base deposit insurance assessment rates by 2 basis points until the Deposit Insurance Fund (DIF) achieves the FDIC’s long-term goal of a reserve ratio of 2% of insured deposits. The FDIC’s long-term goal for the reserve ratio of insured deposits. Source: FDIC.

Compliance 100

Compliance FDIC Community Bank Community 100

PYMNTS

OCTOBER 4, 2019

percent APY, which is about 22 times higher than the average of national accounts. Credit Karma is partnering with West Virginia-based MVB Bank on the venture. The bank will handle the funds and will offer FDIC protection up to $5 million. It offers a savings rate of 2.03

West Virginia 132

West Virginia Virginia FDIC Taxes 132

CFPB Monitor

SEPTEMBER 10, 2020

Because CCBank is a state-chartered FDIC-insured bank located in Utah, Section 27(a) of the Federal Deposit Insurance Act authorizes CCBank to charge interest on its loans, including loans to California residents, at a rate allowed by Utah law regardless of any California law imposing a lower interest rate limit.

Utah 78

Utah California FDIC West Virginia 78

CFPB Monitor

MARCH 15, 2022

A California federal district court judge recently rejected the California AG’s challenge (in which other states joined) to the FDIC’s rule and, in a separate lawsuit, also rejected a challenge by the California AG and other state AGs to the OCC’s Madden -fix rule codified at 12 C.F.R. Section 7.4001(e).

California 78

California Innovation Utah West Virginia 78

PYMNTS

JUNE 14, 2018

Mezu, said Brisker, aims to give those people a way to receive money they otherwise might not have been able to accept and store it in what is essentially a virtual bank account, complete with FDIC insurance through a partnership with Virginia-based MainStreet Bank – but without having to hold a formal bank account themselves.

Tools 118

Tools Virginia Cards Payments 118

Independent Banker

SEPTEMBER 25, 2014

As David Barr, spokesperson for the FDIC, points out, “a vast majority of community banks remain well-rated and exhibit satisfactory corporate governance programs and compliance management systems.”. Virginia B. Virginia B. national financial services partner for the accounting and consulting firm BKD LLP in Louisville, Ky.

Compliance 101

Compliance Regulation Community Bank Community 101

Independent Banker

MARCH 15, 2015

FDIC Advisory Committee on Community Banking, member. National Management Association/Grand Lake chapter, treasurer and president. Kelly Pike is a freelance writer in Virginia. ICBA Services Network Board of Directors, member. Large Community Bank Council, member. Regulation Review Committee, vice chairman. Membership-Marketing.

Ohio 70

Ohio Community Bank Community Lending 70