FDIC Innovation Maryland 
CFPB Monitor
MARCH 15, 2022
Maryland, New York, North Carolina, Ohio, Pennsylvania, West Virginia, and Colorado. In 2019, California enacted AB 539 which, effective January 1, 2020, limited the interest rate that can be charged on loans of $2,500 to $10,000 by lenders licensed under the California Financing Law (CFL) to 36% plus the federal funds rate.
CFPB Monitor
SEPTEMBER 10, 2020
Because CCBank is a state-chartered FDIC-insured bank located in Utah, Section 27(a) of the Federal Deposit Insurance Act authorizes CCBank to charge interest on its loans, including loans to California residents, at a rate allowed by Utah law regardless of any California law imposing a lower interest rate limit.
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Jeff For Banks
JUNE 2, 2023
In the late 90s, low interest rates made speculative equity investments more attractive than bonds, and at the same time, innovative internet companies grew in popularity among retail investors, professional traders, venture capitalists, and the like (familiar?). Remember K Bank in Maryland? What caused a dot-com bubble?
Independent Banker
APRIL 30, 2022
Reynolds points to BankSouth’s focus on innovation as a contributing factor. I don’t pass an opportunity to make a pitch for innovative ideas,” Reynolds says. Colleen Morrison is a writer in Maryland. We’re not afraid to try things that we haven’t done before.”. How we compiled these rankings. Ed Avis is a writer in Illinois.
Independent Banker
DECEMBER 13, 2015
These agencies had input: the Federal Reserve, the Office of the Comptroller of the Currency, FDIC and the National Credit Union Administration. That could stifle innovation.”. Ellen Ryan is a freelance writer in Maryland. The FFIEC is reviewing an Excel version created with banker input.
Independent Banker
NOVEMBER 24, 2015
These agencies had input: the Federal Reserve, the Office of the Comptroller of the Currency, FDIC and the National Credit Union Administration. That could stifle innovation.”. Ellen Ryan is a freelance writer in Maryland. The FFIEC is reviewing an Excel version created with banker input.
CFPB Monitor
JUNE 15, 2022
Four Democratic members of the California state legislature recently sent a letter to the Federal Deposit Insurance Corporation (FDIC) urging the agency to take action against FDIC-supervised banks that partner with non-bank lenders to originate high-cost installment loans.
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