Community Digital Banking FDIC 
Perficient
AUGUST 9, 2022
The financial services industry must consider its customer experience game while also grappling with a sense of distrust from many communities due to systematic barriers, maintaining utmost accessibility due to the essentiality of the business, and the lack of financial literacy across the country. Trust and Transparency. .
PYMNTS
JUNE 25, 2019
Community financial institution (FI) Cross River Bank is acquiring Seed , a small business (SMB) digital banking company, reports in Reuters said on Monday (June 24). Seed members will be migrated to Cross River as the community bank expands with new offices in California and Oregon. reports said.
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CFPB Monitor
DECEMBER 27, 2019
The Notice of Proposed Rulemaking was issued only by the OCC and the FDIC. If the OCC and FDIC move forward without agreement from the Federal Reserve, different banks could be faced with wildly different CRA regimes. Notably absent was the Federal Reserve, which did not join in on the proposal or offer a counter-proposal.
PYMNTS
MAY 28, 2020
Hispanic immigrants access digital banking services, according to a press release. Hispanic immigrants have access to actual banking services, the release states, citing an FDIC survey. We are challenging the status quo to ensure immigrant communities get fair and secure financial options.”. Less than half of U.S.
PYMNTS
APRIL 2, 2019
MOXY bank , preparing to be one of the first new community banks to launch in the U.S. in decades, has announced that it is working with technology solutions company NYMBUS to integrate its core digital banking and payment services.
PYMNTS
MAY 27, 2020
For banks, the opportunity is there to cement the trust of their customers during uncertain times that have made individuals increasingly uncertain about personal health, job security, paychecks and even whether the money they have in the accounts is safe and sound.
CFPB Monitor
DECEMBER 19, 2019
The OCC and FDIC have issued a joint proposal to revise their regulations implementing the Community Reinvestment Act (CRA). Although the Federal Reserve, OCC and FDIC, are the primary CRA regulators, the Fed did not join the proposal and presumably will issue a separate proposal. ” Click here to register.
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