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

Maryland, New York, North Carolina, Ohio, Pennsylvania, West Virginia, and Colorado. In 2019, California enacted AB 539 which, effective January 1, 2020, limited the interest rate that can be charged on loans of $2,500 to $10,000 by lenders licensed under the California Financing Law (CFL) to 36% plus the federal funds rate.

California 78

California Innovation Utah West Virginia 78

CFPB Monitor

JULY 7, 2022

Supreme Court’s decision on June 30, 2022 in West Virginia v. The arguments made by the four trade associations regarding the invalidity of the recent UDAAP updates to the CFPB’s Supervision and Examination Manual are heavily strengthened by the U.S.

Groups 145

Groups West Virginia Policies Virginia 145

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

NOVEMBER 25, 2015

Unlike highly regulated, FDIC-insured banks, which are subject to strict, expensive security standards designed to protect consumers’ sensitive information, FinTech companies are barely regulated and seldom examined. Kelly Pike is a freelance writer in Virginia.

Community Bank 70

Community Bank Community Analytics Lending 70

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. Wilson, partner with the accounting and consulting firm Butler Snow LLP of Memphis, Tenn.,

Compliance 101

Compliance Regulation Community Bank Community 101

Independent Banker

MARCH 15, 2015

FDIC Advisory Committee on Community Banking, member. 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. Committee, member. Other industry service. Industry Insight People slide'

Ohio 70

Ohio Community Bank Community Lending 70

Independent Banker

JANUARY 31, 2023

The CFPB exercises direct supervision and examinations for banks with total assets over $10 billion, whereas most community banks are directly supervised by the FDIC, Federal Reserve or OCC,” Marshall says. Mary Thorson Wright is a writer in Virginia. How the circular will affect community banks is not entirely clear.

Community Bank 91

Community Bank Community Compliance Regulation 91

CFPB Monitor

JUNE 15, 2022

Four Democratic members of the California state legislature recently sent a letter to the Federal Deposit Insurance Corporation (FDIC) urging the agency to take action against FDIC-supervised banks that partner with non-bank lenders to originate high-cost installment loans.

FDIC 78

FDIC California West Virginia North Carolina 78