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CA lawsuits challenging OCC and FDIC “Madden fix” rules to be heard by same judge

CFPB Monitor

The two lawsuits filed in federal district court in California by state attorneys general challenging the OCC and FDIC “ Madden fix” final rules will both be heard by Judge Jeffrey S. When the lawsuits were filed, the lawsuit against the OCC was assigned to Judge White and the lawsuit against the FDIC was assigned to a different judge.

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FDIC Encourages Participation with the Financial Institution Diversity Self-Assessment

CFPB Monitor

On March 15, 2021, the FDIC’s Office of Minority and Women Inclusion (OMWI) released a Financial Institution Letter regarding diversity self-assessments. The FDIC’s request mirrors those by shareholder activists to obtain greater disclosure from corporate boards on the efficacy of their diversity programs.

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Are de novos making a comback?

Abrigo

The FDIC paper The Entry, Performance, and Risk Profile of De Novo Banks published in April 2016 reports that the number of de novo bank failures and acquisitions annually has drastically declined since 2010, primarily due to the fact that new bank formations have become nearly inexistent.

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Federal and State Banking Regulators Issue New Examination Procedures on Sampling Methodologies, UDAP/UDAAP, and CARES Act

CFPB Monitor

On June 23, 2020, the federal banking regulators (FDIC, OCC, FRB and NCUA) and state bank and credit union regulators jointly issued interagency examination guidance to assess the safety and soundness of financial institutions affected by the coronavirus crisis.

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Top 10 Digital Challenger Banks for Youth/Teens (July 2024)

Fintech Labs Insights

million $557 3 GoHenry (Acorns) 2012 Lymington, UK 610,000 $121 4 Step 2018 Palo Alto, CA 100,000 $491 5 FamZoo 2006 Palo Alto, CA 35,000 Unknown 6 Busykid (AKA Leapspring) 2011 Phoenix 34,000 8.3 million $1,700 2 Greenlight 2014 Atlanta 1.3 7 Till 2018 Nantucket, MA 20,000 $6.0 8 Jassby 2017 Waltham, MA 14000 $7.9

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Who were ICBA’s Top Lenders of 2022?

Independent Banker

Using FDIC data for 2021, we calculated a lender score out of 100 for each community bank. But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. By Ed Avis. Methodology. The First National Bank In Sioux Falls. Sioux Falls.

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Top 10 Fintech Accelerators & Incubators for 2023

Fintech Labs Insights

Rank Name Location Next App Deadline Length Fintech Alums Cohert size Funding Te rms 1 PlugAndPlay Varies 2,000 2 Startup Bootcamp (Fin + Tech Milan) Milan 3 Sep 2023 3 months 1,494 15,000 6 to 8% Startup Bootcamp (Financial inclusion) TBD 3 months 10 (2023) Startup Bootcamp (Fintech & Cyberscurity) Amsterdam TBD 3 months 11 (2022) 3 Y Combinator (..)