CFPB Monitor
MAY 23, 2019
The FDIC has announced that it has entered into a settlement of the lawsuit filed against it and the OCC in 2014 by a trade group and several payday lenders challenging “Operation Choke Point” — a federal enforcement initiative involving the FDIC, OCC and other federal agencies. In July 2017, the D.C.
CFPB Monitor
DECEMBER 22, 2020
The FDIC has issued a final rule that establishes a new framework for analyzing whether deposits made through deposit arrangements qualify as “brokered deposits” and amends the methodology for calculating the interest rate restrictions that apply to less than well capitalized insured depository institutions (IDIs).
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Abrigo
JANUARY 22, 2015
According to a recent survey from four Federal Reserve Banks, small regional and community banks have the highest approval rate for small business loans. Small regional and community banks had a much higher approval rate (90 percent) for those firms classified as “Growers.”
PYMNTS
JULY 11, 2018
Citizens Access safely and securely offers Member FDIC-insured online savings and CD accounts with attractive rates and no fees to customers across the United States. Citizens Financial Group announced the launch of its nationwide, direct-to-consumer digital bank.
PYMNTS
SEPTEMBER 18, 2020
Regional players like BankUnited have even smaller market caps (at about $2 billion). The online-only bank lets customers deposit and save money on its platform and spend using a no-fee debit card. Accounts are FDIC-insured through a partnership with Bancorp Bank. With the $14.5
PYMNTS
JANUARY 9, 2018
The FI said earlier this month it would be working with Funding Circle and providing funds to be lent to SMBs through the online platform. In July 2017, the Federal Deposit Insurance Corporation (FDIC) held a meeting with a group of community bankers which told officials about the competitive pressures they’re facing from FinTechs.
Independent Banker
NOVEMBER 21, 2021
submitted its application to the FDIC at the end of August with the intent to serve New England’s local and sustainable food community with a bank owned by its depositors. About 75% of consumers use online banking, he says, and two-thirds have adopted mobile deposits. The planned de novo in Concord, N.H., Setting down roots.
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