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Fifth Third Bank Strives to Make Cincinnati into the Next Fintech Hub

Bank Innovation

PREMIUM – Cincinnati, Ohio might seem like an unlikely place for fintech innovation to spur, but it has the ingredients to be just the right breeding ground. At least that's according to Fifth Third, one of the nation's 25 largest financial institutions, that is headquartered in the city of Cincinnati.

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FinTech Could Be Hurt By Fight Between OCC And States

PYMNTS

The FinTech industry’s future could depend on the outcome of a fight between the Office of the Comptroller of the Currency (OCC) and states, according to a report in TechCrunch. The charter is optional for FinTechs and is aimed at providing a stamp of approval by the OCC for having good compliance practices.

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OCC fintech charter sparks opposition from Senate Dems

Payments Source

Sherrod Brown, D-Ohio, and Jeff Merkley, D-Ore., registered their strong opposition to the concept of the charter, which would allow certain types of fintech companies to avoid state licensing requirements by obtaining a limited-purpose national bank charter. In a letter Monday to Comptroller Thomas Curry, Sens.

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The ICBA 22/23 executive committee is all in

Independent Banker

“I’m so inspired by the professionalism, integrity and commitment of our executive committee and board of directors as we work together to serve the needs of community bankers across the nation,” says Terry Jorde, ICBA senior executive vice president and chief of staff. Coldwater, Ohio. Chairman Brad M. Grand Rapids, Minn.;

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OCC Fintech Charter Sparks Opposition from Senate Dems

American Banker

Sherrod Brown, D-Ohio, and Jeff Merkley, D-Ore., registered their strong opposition to the concept of the charter, which would allow certain types of fintech companies to avoid state licensing requirements by obtaining a limited-purpose national bank charter. In a letter Monday to Comptroller Thomas Curry, Sens.

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California Dept. of Business Oversight launches “true lender” investigation of auto title lender’s partnership with Utah bank

CFPB Monitor

In the past, “true lender” attacks have been launched or threatened by state authorities against high-rate bank/nonbank lending programs in DC, Maryland, New York, North Carolina, Ohio, Pennsylvania and West Virginia. Thus, both the OCC and FDIC have adopted regulations rejecting the Second Circuit’s Madden decision.

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FinDEVr APIntelligence

Fintech Labs Insights

Top 3 Things to Know about Fintech Climate Change. Ohio-based First National Bank of Pandora chooses core account processing platform from Fiserv. Stay current on daily news from the fintech developer community! Stop by our registration page today and save your spot. On FinDEVr.com. Streamdata.io CEO, Eric Horesnyi.

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