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Banking Strategies: Should We Look to Utah?

Jeff For Banks

Here is another Industrial Bank that has a specific niche, lending to homeowners for home improvements through construction contractors or home improvement supply dealers. Prudent risk management suggests we should have diversification in our loan portfolio and funding sources. If you could deliver such performance, would you?

Utah 89
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CFPB announces new appointments to advisory groups

CFPB Monitor

According to the CFPB, the new members “include experts in consumer protection, financial services, community development, fair lending, civil rights, consumer financial products or services, representatives of community banks and credit unions, and scholars with relevant methodological and subject matter experience.”

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Fintech Fundings: 22 Companies Raise $300 Million Plus 2 IPOs Raise $5.9 Billion

Fintech Labs Insights

Expense management solutions for small businesses. 401(k) management. Using the blockchain for managing records. Card rewards management. HQ: Raleigh, North Carolina. Tags: Enterprise, SMB, investing, wealth management, data. Latest round: $135 million at $1 billion valuation. Source: Finovate.

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The 2019 GonzoBanker Awards

Gonzobanker

billion of assets under management. Hats off the Schools Financial’s board and management for acknowledging that even multi-billion dollar credit unions can drive value via merging with someone bigger. We salute CEO Frank Weidner, CIO David Mason and Strategic Insights Manager Mike Lindberg for taking this big strategic step.

Idaho 148
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The 2023 GonzoBanker Awards

Gonzobanker

Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. Importantly, Huntington has continued to focus on digital investments and its strong legacy of product management to remain a progressive regional bank. Nobody is quite sure which side this seesaw will land on.

Fintech 195
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Fintech Fundings: 38 Companies Raise $220 Million the Second Week of June

Fintech Labs Insights

HQ: Wilmington, North Carolina. Tags: SMB, lending, alt-lender, commerical loans, trade finance, billing, invoicing, cash flow. Source: Finovate. zipMoney Payments. Alt-lender and payments. Latest round: $20.6 million Post-IPO Equity. Total raised: $121.6 million (Post-IPO including $100 million Debt). HQ: Perth, Australia.

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Fans and Foes of OCC True Lender Rule Spar at Senate Committee “Rent-a-Bank” Hearing

CFPB Monitor

Since the non-bank entity frequently is a fintech, these arrangements often are referred to as bank-fintech partnerships or marketplace lending arrangements. These speakers consistently conflated payday lending and bank-fintech partnership lending, and ignored correction of this mis-characterization by other witnesses.