article thumbnail

Figure CEO: Figure Pay, National Bank Charter Will Boost Financial Inclusion

PYMNTS

While many digital-first companies springboard from payments into lending, Figure Technologies , a FinTech focused on home improvement, debt consolidation and retirement products that leverage blockchain protocols, is branching out from lending into payments. Looking Toward The Blockchain . The Charter Advantage .

National 215
article thumbnail

Best Community Banks to Work For 2022

Independent Banker

Clockwise from top left: Grand Ridge National Bank, Wheaton, Ill.; Bank of Montana, Missoula, Mont.; Bank of Montana: Breaking the mold. Bank of Montana. Tom Swenson, Bank of Montana. On Thanksgiving 2007, he founded Bank of Montana, which now has one branch and 13 employees. “We Grand Ridge National Bank.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

From Farce to Menace

Independent Banker

It’s yet another disturbing proposal from the National Credit Union Administration to bureaucratically finagle its way around Congress and federal law. By Camden R. Fine, President and CEO of ICBA. So here we go again. Basically, all air-breathing mammals in the United States would qualify to be credit union members.

article thumbnail

The top-performing community banks of 2021

Independent Banker

Brazos National Bank. Douglas National Bank. Bank of Montana. In order to compete as a small bank, we have been forced to keep higher-than-peer capital levels, so that our lending limit allows us to service local borrowers’ needs. Tom Swenson, CEO and chairman of the board, Bank of Montana. Bank of Montana.

article thumbnail

Federal DC Court Overturns Closed-End Loan HMDA Reporting Threshold

CFPB Monitor

The court noted the plaintiffs asserted “that HMDA data have been invaluable in ‘uncovering and addressing redlining, fair lending violations, and other inequitable lending practices’ over the decades.” Additionally, prior to that rule, the reporting of open-end lines of credit was optional, so there was no reporting trigger. .

DC 78
article thumbnail

What’s in it for Me? Real Estate Investment Technology

Fintech Labs Insights

Lending Home is open to accredited investors looking to fund real estate investment projects for a term of 12 months or less. Investor funds are held in an Investors Trust Account with City National Bank and in the event of default, the funds are FDIC insured up to $250,000. LendingHome. The minimum investment is $1,000.