CFPB Monitor

OCTOBER 6, 2022

OppFi’s complaint recites that prior to 2019, the Bank entered into a contractual arrangement with OppFi (Program) pursuant to which the Bank uses OppFi’s technology platform to make small-dollar loans to consumers throughout the United States (Program Loans). We believe this case is extraordinarily important.

California 78

California FDIC Analysis Utah 78

Abrigo

SEPTEMBER 14, 2022

Online lenders, platform lenders, and fintechs should also consider sending feedback to the CFPB and considering the ways their operations might be affected. In 2010, Congress enacted the Dodd-Frank Act “ [t]o promote the financial stability of the United States by improving accountability and transparency in the financial system.”

Lending 195

Lending Data Regulation Community 195

CFPB Monitor

MARCH 15, 2022

The complaint recites that prior to 2019, the Bank entered into a contractual arrangement with OppFi (Program) pursuant to which the Bank uses OppFi’s technology platform to make small-dollar loans to consumers throughout the United States (Program Loans).

California 78

California Innovation Utah West Virginia 78

Jeff For Banks

JUNE 2, 2023

The early 1980s was a difficult time for the United States, as consumers faced rising prices, high unemployment, and the effects of a supply shock—an oil embargo—which caused energy prices to skyrocket. M&T assumed their $411 million of loans and securities with a $289 million FDIC loss-share agreement.

FDIC 78

FDIC Community Bank Regulation Lending 78

MyBankTracker

JANUARY 19, 2021

As an online bank, CIT is able to offer much higher interest rates than brick and mortar banks. FDIC Insurance. Like nearly every bank in the United States, CIT Bank is insured by the Federal Deposit Insurance Corporation. Keep in mind that FDIC insurance applies per account type and per bank. How It Compares.

FDIC 52

FDIC Meeting United States Nebraska 52

PYMNTS

JULY 16, 2018

This week, the lucky winner is Macy’s , which disclosed to the world that hackers had obtained names and passwords of online customers — and might have accessed credit card numbers and expiration dates as well. As Queen famously sang, another one bites the dust — or as modified for the modern era, another one bites the breach.

Cards 100

Cards Data Digital Banking Retail 100

CFPB Monitor

NOVEMBER 24, 2020

The OCC also comments that “it is one thing for a bank not to lend to oil companies because it lacks the expertise to value or manage the associated collateral rights; it is another for a bank to make that decision because it believes the United States should abide by the standards in an international climate treaty.”.

Operations 78

Operations Industry Analysis Policies 78

CFPB Monitor

APRIL 19, 2022

OppFi’s complaint recites that prior to 2019, the Bank entered into a contractual arrangement with OppFi (Program) pursuant to which the Bank uses OppFi’s technology platform to make small-dollar loans to consumers throughout the United States (Program Loans).

California 78

California Innovation Utah United States 78

Fintech Labs Insights

MAY 24, 2021

I’ve been expecting digital banking disrupters in the SMB space since the beginning of the online banking era (late-1990s). Lili is focused on freelancers, a 59-million segment (in the United States) that accounts for more than 1 out of every 4 adults ( see chart above ). Online Digital Banks for Small Businesses (SMB) May 2021.

Taxes 15

Taxes United States FDIC ATM 15

Fintech Labs Insights

MAY 24, 2021

I’ve been expecting digital banking disrupters in the SMB space since the beginning of the online banking era (late-1990s). Lili is focused on freelancers, a 59-million segment (in the United States) that accounts for more than 1 out of every 4 adults ( see chart above ). But now we have some impressive entrants. marketplace.

Taxes 15

Taxes United States FDIC ATM 15

CB Insights

JUNE 5, 2018

In the United States, 93% of consumers have some sort of bank account. Virtually all US private sector wage earners receive wages into bank accounts, according to the Global Findex database, which are insured by the FDIC and offer an easy way to earn interest. The road ahead. UNDERSTANDING the credit and debit card value chain.

Payments 68

Payments Cards US Mobile 68

CB Insights

DECEMBER 4, 2019

Today, Amazon Pay has evolved to include a digital wallet for customers and a payments network for both online and brick-and-mortar merchants. Traction/Metrics: Today’s iteration is Amazon Pay, a digital wallet for customers and a payments network for both online and brick-and-mortar merchants and shoppers. Amazon Cash.

Cards 101

Cards Lending Strategy US 101