PYMNTS

JULY 13, 2016

The Wall Street Journal reported on Tuesday (July 12) that the online lender, commonly known as SoFi, with $10 billion in student loans and mortgages across its books, may be forced to don more traditional financial services garb as the online lending sector is buffeted about by negative headlines and looming regulations.

Utah 100

Utah Lending Online Strategy 100

CFPB Monitor

MARCH 15, 2022

The OCC’s attempt to provide a clear bright line test for determining when a bank is the “true lender” in a bank-model program through a regulation was overturned by Congress under the Congressional Review Act.) In addition to “true lender” threats, non-bank participants in bank-model programs will continue to face state licensing threats.

California 78

California Innovation Utah West Virginia 78

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

Online 98

Online Company Retail Payments 98

PYMNTS

OCTOBER 23, 2019

The department did not name specific companies, but said they were related to “search, social media and some retail services online.”. Shores for this important role reflects the significance of the department’s review of competitive conditions among online platforms,” said Deputy Attorney General Jeffrey A.

Utah 100

Utah social media Google Online 100

CFPB Monitor

AUGUST 31, 2021

Schools regulated by the Division of Private Occupational Schools received notice of this interpretation on Friday. A number of depository institutions are completely exempt from the Student Loan Equity Act: state and federally chartered banks, credit unions, and Utah industrial banks.

Colorado 78

Colorado Utah California Regulation 78

Jeff For Banks

APRIL 19, 2015

I teach Bank Profitability for the Washington, Utah, and Montana Bankers'' Associations EDP programs. Utah has many Industrial Loan Companies (ILC''s), which are FDIC supervised financial institutions that can be owned by commercial firms not regulated by a federal banking agency, like a utility company.

Industry 60

Industry Montana Utah Washington 60

CFPB Monitor

OCTOBER 6, 2022

As alleged the Commissioner is not attempting to regulate the transfer of loans in the secondary market. Unless it settles, it creates a risk to the viability of bank model online lending that is structured like OppFi’s Program. Rather, the focus here is on the identity of the lender in the primary market.

California 78

California FDIC Analysis Utah 78

PYMNTS

JANUARY 7, 2019

Indian regulation requires all payments data be processed in-nation — instead of on Facebook’s servers. Among the reasons for the proposed expansion is a desire to push its Prime Now delivery services and online grocery pickup services through Whole Foods to as wide a base of consumers as possible.

Data 139

Data Wyoming Idaho Utah 139

PYMNTS

OCTOBER 17, 2017

An industrial bank is an FDIC-insured depository institution that is generally subject to the same banking laws and regulations as any other bank charter type, with the important exception of the Bank Holding Act of 1956. All industrial banks are chartered in Utah – and there are only 17 such charters issued, 15 of which are currently active.

Industry 108

Industry Fintech FDIC Community Bank 108

CFPB Monitor

OCTOBER 10, 2019

A group of small businesses and their individual owners have filed a putative class action lawsuit in a New York federal district court against online lender Kabbage, Inc. According to the complaint , Kabbage entered into the scheme with Celtic Bank, a foreign state-chartered bank in Utah, which has no maximum rate limit for commercial loans.

Massachusetts 84

Massachusetts California New York Utah 84

CB Insights

OCTOBER 26, 2020

This regulation reduced trading profits and created a need to cut costs, spurring investment banks to spin off unprofitable divisions or eliminate them entirely. And across equity research and sales & trading, poor performances and new regulations have led to widespread layoffs as banks have figured out they can do more with less.

Management 78

Management Capital Company Marketing 78

Fintech Labs Insights

APRIL 4, 2016

Consumer online investment platform. HQ: Salt Lake City, Utah. Tags: Financial institutions, mortgage brokers, consumer lending, analytics, underwriting, compliance, regulations. Latest round: $150 million Private Equity. Total raised: Unknown. HQ: Minneapolis, Minnesota. Source: Crunchbase. Betterment. HQ: New York City.

New York City 12

New York City Company Fintech California 12

PYMNTS

DECEMBER 8, 2020

Paxton’s office also is looking into Google’s online advertising practices. FTC Commissioner Rohit Chopra also spoke at the conference and said antitrust regulators should rebuff Facebook’s position, Bloomberg reported. It was filed following a year-plus investigation into Google’s dominance in online search and advertising.

Texas 162

Texas Google North Carolina Nebraska 162

William Mills

SEPTEMBER 12, 2017

PromonTech has a vision of a mortgage industry that is transparent, efficient and understandable for all: borrowers, lenders, regulators and investors. They are based in Utah. Its an add on to existing online banking. Presenters -Michael Kolberner, Tony Pietrocola. tpietrocola. Its a digital mortgage by Trusted Experts.

Samsung 69

Samsung Mobile User Experience Google 69

Gonzobanker

DECEMBER 19, 2016

Maybe a regulator was out sick or on maternity leave, but this is one crawling bureaucratic nightmare. A “Making a Difference” Nod – Goes to S andy Dubois, executive secretary at People’s Utah Bancorp in American Fork, Utah, for her work in establishing “Project Teddy Bear.” Small things can make big differences.

Utah 60

Utah System Community Marketing 60

Gonzobanker

DECEMBER 19, 2016

Maybe a regulator was out sick or on maternity leave, but this is one crawling bureaucratic nightmare. A “Making a Difference” Nod – Goes to S andy Dubois, executive secretary at People’s Utah Bancorp in American Fork, Utah, for her work in establishing “Project Teddy Bear.” Small things can make big differences.

Utah 60

Utah System Community Marketing 60