American Banker

JANUARY 4, 2024

The FDIC's public rebuke against it indicates a last-ditch effort to figure out a less messy solution than receivership. One of the smallest banks in the country hasn't consistently made a profit since 2007 and has been the subject of enforcement actions.

FDIC 72

FDIC Utah Community Bank Community 72

CFPB Monitor

SEPTEMBER 10, 2020

Thereafter, “using its existing lending operations and personnel, LoanMart commenced ‘marketing’ and ‘servicing’ auto title loans purportedly made by CCBank, a small Utah-chartered bank operating out of Provo, Utah.” Thus, both the OCC and FDIC have adopted regulations rejecting the Second Circuit’s Madden decision.

Utah 78

Utah California FDIC West Virginia 78

Bank Innovation

SEPTEMBER 18, 2017

The charter, submitted to the State of Utah last June, would give the online lender the ability to collect deposits insured by the […].

Utah 170

Utah Online Security FDIC 170

American Banker

APRIL 25, 2024

Experts criticized the FDIC for allowing the bank's demise to play out in slow motion. Liberty Bank in Salt Lake City had been "structurally unprofitable" since 2008, according to its regulators.

Utah 63

Utah FDIC Regulation Community Bank 63

American Banker

MARCH 16, 2023

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Utah 69

Utah FDIC Compliance Regulation 69

CFPB Monitor

MARCH 15, 2022

Given such continuing threats, non-bank participants would be well-advised to revisit their vulnerability to “true lender” challenges and their compliance with state licensing laws. 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