CFPB Monitor

APRIL 18, 2019

The second presentation of PLI’s 24th Annual Consumer Financial Services Institute will take place in Chicago on May 20-21, 2019. Approximately 400 people attended the first presentation in NYC, live and on the web, on March 25-26, 2019. The leadership of the CFPB, OCC, FDIC and FTC is now firmly under Republican control.

Chicago 68

Chicago FDIC Regulation Leadership 68

PYMNTS

JULY 23, 2019

At issue was the latest round of consideration for the Secure and Fair Enforcement (SAFE) Banking Act. Such prohibition could involve limiting FDIC protections for those deposits, for example, or trying to prevent loans to those businesses. On Tuesday (July 23), that push lost some steam, at least temporarily.

Taxes 187

Taxes US California Idaho 187

PYMNTS

JANUARY 26, 2021

At present, he said, a number of factors have inhibited the adoption of bitcoin as a transactional currency, including the fact that it’s expensive and can be very slow. Wider adoption will be driven, in part, by regulatory frameworks that enhance security and foster trust in using cryptos in everyday commerce.

cryptocurrency 256

cryptocurrency Bitcoin blockchain FDIC 256

Abrigo

FEBRUARY 12, 2020

According to various real estate experts, areas of CRE expected to present growth opportunities in 2020 include multifamily, data centers, physician offices, and flexible office space. This increase in property values is expected to translate into increased sales transactions and demand for mortgage debt in 2020."

Lending 195

Lending Trends FDIC Survey 195

PYMNTS

FEBRUARY 15, 2019

Krebs on Security noted that the emails sent to officials at the United States credit unions looked like they were being sent by other BSA officials. Fraudsters and hackers are nothing if not ambitious and audacious. The emails asked those targeted officials to review a PDF that, in turn, linked them to malicious sites.

Compliance 122

Compliance Fraud United States FDIC 122

PYMNTS

JULY 14, 2020

percent annual percentage yield (APY), an optional auto-deposit, no fees or minimums, and security as “Affirm Savings is FDIC-insured and accounts are held by our bank partner, Cross River Bank, member FDIC,’” a statement said. The account comes with 1.30

Lending 130

Lending FDIC Minneapolis Utah 130

PYMNTS

JANUARY 7, 2019

Against that backdrop, there are, at present, no plans for the nation to issue a state-backed cryptocurrency, as the government has pointed toward continuing concerns over money laundering and cyber risks. The statement comes as cryptocurrencies are still not being recognized as legal tender. In the U.S.,

Regulation 151

Regulation cryptocurrency National Capital 151

PYMNTS

NOVEMBER 1, 2018

report: “The rise of digital innovators in financial services presents a significant threat to the traditional business models of retail banks.”. And that is a bank – one with FDIC insurance and safeguards that keep their money safe. People want to keep their money in a place that consumers trust,” Webster’s article stated.

Fintech 191

Fintech UX Mobile FDIC 191

PYMNTS

DECEMBER 11, 2017

” Scrooge the miser is visited by the three Ghosts of Christmas – Past, Present and Future – to divert him from his miserable, stingy ways and introduce him to the true meaning of Christmas. That bill would require data brokers to create privacy and security measures for notifying the public after a breach.

Bitcoin 110

Bitcoin Data District of Columbia Wisconsin 110

PYMNTS

OCTOBER 8, 2019

As Magnus Larsson, CEO of Majority , told PYMNTS in an interview shortly after the firm’s launch, no matter where they are from, where they work or how much they make, migrant workers all face a common problem in the United States: Financial services are not always easy to secure. For $5 per month, Majority members in the U.S.

Community 126

Community United States Meeting Houston 126

CFPB Monitor

NOVEMBER 29, 2021

In the Joint Statement, the Agencies state that they “recognize that the merging crypto-asset sector presents potential opportunities and risks for banking organizations, their customers, and the overall financial system.” A “Crypto Asset Roadmap” Promising Future Clarity.

Compliance 78

Compliance cryptocurrency Regulation FDIC 78

PYMNTS

OCTOBER 8, 2019

As Magnus Larsson, CEO of Majority , told PYMNTS in an interview shortly after the firm’s launch, no matter where they are from, where they work or how much they make, migrant workers all face a common problem in the United States: Financial services are not always easy to secure. For $5 per month, Majority members in the U.S.

Community 116

Community United States Meeting Houston 116

Jack Henry

APRIL 30, 2014

In light of the ATM cash-out schemes that had taken place recently, an alert was issued to provide details on how this type of fraud had occurred, the risks presented to financial institutions (FIs), and what FIs could do to mitigate these risks. Cyber-Attacks on Financial Institutions ATM and Card Authorization Systems. FBI InfraGard.

Fraud 88

Fraud Cyber Security ATM FDIC 88

Independent Banker

SEPTEMBER 26, 2014

The Senior Housing Crime Prevention Foundation believes that anything that threatens the safety, security and peace of mind of a senior citizen, no matter how small or insignificant the incident may seem, should not be tolerated.

Community 101

Community Resources Community Bank Video 101

PYMNTS

OCTOBER 30, 2019

“While adoption for consumer accounts is enhanced through regulatory drivers, adoption for business accounts is based on market interest,” she stated in her presentation at the Association for Financial Professionals’ AFP 2019 event.

Lending 102

Lending Fintech America Data 102

Jeff For Banks

SEPTEMBER 10, 2011

They acquired seven failed institutions in Georgia, Florida, and South Carolina from the FDIC, adding over $2 billion of acquired assets since March 2010. Such aggressive growth has led to positive operating leverage as net income and EPS has grown faster than assets (see table from their investor presentation).

Arkansas 65

Arkansas South Carolina FDIC North Carolina 65

Independent Banker

SEPTEMBER 25, 2014

Outside consultants can present best practices from multiple organizations, assembling a broadly objective perspective that is difficult for any banks to replicate internally. FDIC Article. For an article on “Alternatives to Consultants,” see the summer issue of the FDIC’s Supervisory Insights newsletter online at www.fdic.gov.

Community Bank 70

Community Bank Compliance Risk Management Community 70

Independent Banker

NOVEMBER 25, 2015

One of the biggest problems with FinTech companies is that many of them exploit existing banking infrastructure—including debit, credit and ACH networks—and access traditional checking and saving accounts, yet face minimal regulation when it comes to data security and privacy.

Community Bank 70

Community Bank Community Analytics Lending 70

Jeff For Banks

DECEMBER 26, 2012

In its latest investor presentation, BofI highlighted it''s expense ratio (operating expense as a percent of average assets) compared to peer as 1.67% versus 3.17%, respectively, and efficiency ratio (operating expense as a percent of total revenue) compared to peer as 35% versus 63%, respectively. BofI Holdings Inc.

Texas 78

Texas National FDIC Capital 78

FirstInternet

MAY 26, 2021

At the present time, online banks seem to have a clear edge, taking advantage of their digital (rather than physical) presence to offer higher interest rates due to lower overhead. Application versatility: Free secure 24/7 online and mobile apps; make ACH payments, wire transfers and more. Service fees.

Online 52

Online FDIC US Taxes 52

Jeff For Banks

JUNE 24, 2010

Much of the standoff revolves around real estate secured lending. This preference resulted in real estate assets (including mortgage-backed securities) representing 44.1% An opportunity presents itself to pick up five new employees. Let''s take the story further, assuming the firm secured a C&I loan from a bank.

Lending 65

Lending FDIC Regulation Regional 65

Fintech Labs Insights

SEPTEMBER 9, 2014

The company launched today at TechCrunch Disrupt ( see full presentation here , at bottom of post ). Self Lender reports the payments to credit bureaus as a secured loan. The funds are held in an FDIC-insured account. Banks and credit unions also offer CD/saving secured loans. According to CUNA ( note 1 ), 15% of U.S.

Denver 25

Denver FDIC Bitcoin Security 25

PYMNTS

OCTOBER 1, 2018

Both the Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) have officially ended a two-year investigation of LendingClub, its subsidiary LC Advisors (LCA), its founder and former CEO Renaud Laplanche and its former CFO Carrie Dolan. On Friday (Sept. The DOJ Finding.

Lending 135

Lending Fraud Management San Francisco 135

FICO

JULY 17, 2017

The election of a new president has presented President Trump with the opportunity to make sweeping changes within the leadership structure of all the federal agencies, including the independent banking agencies. The promise of realizing any financial regulatory reform likely rests with the federal agencies.

US 40

US Leadership Regulation Policies 40

Independent Banker

FEBRUARY 24, 2016

Along with an expanded lineup of general session presentations, more than 200 companies will be exhibiting at Expo to discuss the industry’s latest product and service innovations. So we want our checking accounts to be FDIC insured. People tend to overestimate the security of the status quo. That’s not the way to look at it.

Community Bank 70

Community Bank Community Innovation Customer Experience 70

Fintech Labs Insights

APRIL 17, 2017

Cadre undertakes all sourcing and due diligence on properties before presenting the opportunities to investors. The company sells debt securities called Limited Resource Obligations (LROs) to investors with a minimum investment of $10. The company focuses on commercial, retail, and multifamily properties in all major U.S. Groundfloor.

Technology 19

Technology Montana Company Management 19

William Mills

SEPTEMBER 9, 2016

They are showing how Chang might read about potentially investing in SnapChat (multilingual presentation). Our platform is open source, which makes it more reliable, innovative and secure. Mills-Grimes provide a recap of Finovate Fall Day 1 and highlight key presentations given at yesterday’s show. William Mills and K.T.

social media 40

social media ATM Mobile Customer Experience 40

CB Insights

DECEMBER 4, 2019

The 2017 FDIC National Survey of Unbanked and Underbanked Households shows: Approximately 6.5% Amazon Credit Builder — In Q2’19 Amazon partneredwith Synchrony Bank to create a program that helps customers in the unbanked and underbanked income brackets boost their credit with a secured credit card. adults and 6.4M

Cards 101

Cards Lending Strategy US 101