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Weekly Wrap: Varo gets FDIC approval, as Curve prepares for US launch

Bank Innovation

In this episode, editors discuss the following news developments: The implications of banking startup Varo’s FDIC approval; How U.K. Welcome to the latest episode of our Weekly Wrap series, for the week ending Friday, Feb. card startup Curve opened a New York City office in advance of its U.S. launch; and Wells Fargo’s […].

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Details on the FDIC Security Breach by Chinese Spies [VIDEO]

Bank Innovation

How Chinese spies hacked into computers at the Federal Deposit Insurance Corporation from 2010 until 2013 -- and American government officials tried to cover it up.

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FDIC Requests Submission of 2019 D&I Self-Assessments through a New and Improved Application

CFPB Monitor

On March 23, 2020, the FDIC’s Office of Minority and Women Inclusion (OMWI) announced that it will request 2019 diversity self-assessments from FDIC-regulated financial institutions. The FDIC regulates insured state banks that are not members of the Federal Reserve System and insured state thrifts.

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Community banks’ net income, loan balances increase in 2014

Abrigo

The latest FDIC Quarterly Banking Profile was just released and the industry continues to be led by the nation’s community banks. The FDIC’s “Problem List” dropped to 291 institutions, from 329 in 2013. The positive trends from the third quarter of 2014 continued for the industry sub-set. percent to 75.4

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Community banks’ net income, loan balances increase in 2014

Abrigo

The latest FDIC Quarterly Banking Profile was just released and the industry continues to be led by the nation’s community banks. The FDIC’s “Problem List” dropped to 291 institutions, from 329 in 2013. The positive trends from the third quarter of 2014 continued for the industry sub-set. percent to 75.4

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MOXY Preps Launch Of New Community Bank With NYMBUS

PYMNTS

Following approval by the Federal Deposit Insurance Corporation (FDIC) and Washington, D.C.’s MOXY bank , preparing to be one of the first new community banks to launch in the U.S. in decades, has announced that it is working with technology solutions company NYMBUS to integrate its core digital banking and payment services.

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What interested bankers most in 2014?

Abrigo

Banks and credit unions continued loan growth after the lows of the economic downtown, as recently highlighted by the FDIC and OCC. How to calculate present value of future cash flows for a TDR – This post contained a video from a Sageworks webinar that described how to work with troubled debt restructure (TDR) scenarios.

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