Bank Innovation

JULY 11, 2019

German challenger bank N26 has partnered with San Diego-based Axos Bank to offer an FDIC-insured checking account and Visa debit card for U.S. The products, announced on Thursday, are now available to about 100,000 customers who were on the waitlist for the U.S. version of the app. The company said customers can sign up […].

San Diego 186

San Diego Cards FDIC US 186

Perficient

OCTOBER 27, 2022

Seeking additional arrows in their quiver against large bank failures, on October 14, 2022, the Federal Reserve Board (FRB) and Federal Deposit Insurance Corporation (FDIC) published an Advance Notice of Proposed Rulemaking (ANPR). Both the FRB and FDIC will accept comments and answers for 60 days after publication in the Federal Register.

Capital 275

Capital Regulation FDIC Regional 275

PopularBank

FEBRUARY 24, 2025

Many banks offer money market accounts (MMAs). Use the guide below to find out what a money market account is, how its different from a traditional checking account, and how you can select the best account to achieve your financial goals. What is a money market account? Money market accounts vs. checking accounts.

Marketing 52

Marketing FDIC ATM Tools 52

Bank Innovation

JANUARY 19, 2018

The funds will go towards marketing its service as well as for laying “the foundation” to become a bank, company CEO Colin Walsh told TechCrunch. Varo, a mobile banking startup that provides an FDIC-insured bank […].

National 225

National FDIC Mobile Marketing 225

Abrigo

MARCH 3, 2022

CFIs are poised to regain the small business lending market Community Financial Institutions can leverage technology to improve customer experience and regain the small business lending market. Today, CFIs are uniquely positioned to regain the market. Changing Lending Environment. Small businesses are turning to small lenders.

Lending 195

Lending Community Marketing Community Bank 195

PYMNTS

FEBRUARY 18, 2020

The bank is one of a few smaller lenders that has teamed up with FinTechs who need services only an FDIC-regulated institution can provide. Recently, Varo Money , a mobile bank, got FDIC approval to accept consumer deposits. However, the FinTech wants to reestablish itself in the market as a full-fledged bank.

Fintech 242

Fintech FDIC Boston Lending 242

PYMNTS

JANUARY 31, 2019

is set to see its first new community bank in decades, as the Federal Deposit Insurance Corporation (FDIC) lent its approval for MOXY Bank to launch in Washington, D.C. The FDIC’s announcement said a private placement offering will raise at least $25 million for the bank ahead of its launch. . Bloomberg listed Casey G.

Community Bank 122

Community Bank Community FDIC Marketing 122

Abrigo

MARCH 31, 2017

FDIC officials in March outlined several types of weaknesses in loan underwriting, administration and oversight practices that are emerging at some banks with CRE portfolios. Eberley, director of the FDIC's Division of Risk Management Supervision wrote in the publication.

FDIC 186

FDIC Risk Management Analysis Lending 186

PYMNTS

JANUARY 25, 2019

Federal Reserve, Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) all released a joint report saying that due to a healthy economy, prospects for loan repayment look good. 15), the economist warned that the declining stock market could result in half a percentage point coming off the U.S.

FDIC 108

FDIC US Lending Report 108

BankDeals

MAY 29, 2020

Money market accounts are considered a safe place to save your money because they are insured by the FDIC for up to $250,000 per depositor. Read our review to find out more about money market accounts.

FDIC 63

FDIC Marketing 63

Perficient

JUNE 7, 2023

On May 31, the Federal Deposit Insurance Corporation (FDIC) reported to the public what many banks already knew and had been experiencing for the past year – that deposits are declining in the American banking sector. There has almost been $1.2 Trillion removed from the banking system over the past year.

social media 221

social media FDIC Analysis System 221

ABA Community Banking

JANUARY 24, 2022

The FDIC today said it has partnered with the nonprofit Operation Hope to promote financial education to minority and women-owned businesses. Through the partnership, Operation Hope will use the FDIC's Money Smart financial education resources to help teach how to do business with the agency.

FDIC 92

FDIC Operations Resources How To 92

CFPB Monitor

NOVEMBER 7, 2019

This is significant, as a federal banking regulator is confirming that both co-marketing and desk rental arrangements are permissible if the fees paid bear a reasonable relationship to the fair market value of marketing or rental costs.

FDIC 68

FDIC Marketing Compliance Regulation 68

CFPB Monitor

AUGUST 4, 2022

The FDIC has issued an “Advisory to FDIC-insured institutions Regarding Deposit Insurance and Dealings with Crypto Companies ” to address the agency’s concerns regarding misrepresentations about FDIC deposit insurance by certain crypto companies. The FDIC identifies two issues that can create customer confusion.

FDIC 78

FDIC Risk Management Policies Regulation 78

Bank Innovation

JULY 24, 2019

The New York-based company this week rolled out two new products: a savings account, which is available now, with a market-leading 2.69% APY and that’s FDIC-insured […].

FDIC 170

FDIC New York Marketing Company 170

Bank Innovation

JULY 24, 2019

The New York-based company this week rolled out two new products: a savings account, which is available now, with a market-leading 2.69% APY and that’s FDIC-insured […].

FDIC 170

FDIC New York Marketing Company 170

CFPB Monitor

FEBRUARY 24, 2023

Earlier this month, the Federal Deposit Insurance Corporation (FDIC) issued cease-and-desist letters to a cryptocurrency exchange and a fintech , demanding that each of these entities immediately stop making false and misleading statements about FDIC coverage of their financial products. Continue Reading

FDIC 78

FDIC cryptocurrency Fintech Marketing 78

South State Correspondent

NOVEMBER 14, 2024

The insight here is that if you price and market the product correctly, instant payments will not only start to cannibalize other payment channels such as cash, checks, and wires, but it will also have a set of other attributes impacting bank performance. The intensity color within the cell represents the degree of dominance of that category.

Payments 195

Payments Study Survey Data 195

Perficient

APRIL 2, 2021

The five federal agencies are: the Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board (Fed), the National Credit Union Administration (NCUA) and the. Office of the Comptroller of the Currency (OCC). Credit Decisions. Textual analysis.

Regulation 309

Regulation Industry Risk Management Analysis 309

South State Correspondent

APRIL 30, 2024

We witness over and over how some banks get themselves in deeper trouble booking derivatives on their books that are bets on market interest rate movements. A hedge should have a neutral outcome regardless of how the market moves (within defined bands).

Community Bank 195

Community Bank FDIC Community National 195

South State Correspondent

APRIL 30, 2024

We witness over and over how some banks get themselves in deeper trouble booking derivatives on their books that are bets on market interest rate movements. A hedge should have a neutral outcome regardless of how the market moves (within defined bands).

Community Bank 195

Community Bank FDIC Community National 195

CFPB Monitor

AUGUST 25, 2020

The plain language of the governing federal statute applies only to interest that an FDIC-insured state bank may charge. Allegedly, the FDIC’s rule represents an expansion of the FDIA’s preemption of state law interest rate caps by extending the preemption to assignees of loans originated by such banks.

FDIC 78

FDIC District of Columbia North Carolina Illinois 78

Abrigo

MARCH 18, 2025

It refers to the rules, institutions, people, markets, and agreements that make payment exchanges possible. The Fed is concerned with the overall safety and soundness of the payments markets, the promotion of operating efficiency, and equitable access to payments systems. Payment systems have three key components: Participants (e.g.,

System 195

System Payments Fraud Regulation 195

Abrigo

SEPTEMBER 15, 2022

More construction loan monitoring ultimately decreases loan default, according to a new FDIC Center for Financial Research working paper. While it doesn't necessarily reflect the views of the FDIC, the paper includes preliminary findings from research by FDIC staff and an FDIC Visiting Scholar. On-site inspections.

Study 195

Study FDIC Lending Risk Management 195

CFPB Monitor

APRIL 26, 2021

The Attorney Generals of the six states and District of Columbia who filed a lawsuit against the FDIC to set aside its “ Madden -fix” rule have filed a motion for summary judgment in the case. 1831d) applies only to interest that an FDIC-insured state bank may charge.

FDIC 78

FDIC District of Columbia California Regulation 78

Perficient

NOVEMBER 17, 2023

Retail Deposits Defined The FDIC classifies retail deposits as demand or term deposits placed within an FDIC-supervised institution by a retail customer or counterparty, excluding brokered deposits. Understanding these trends is crucial for staying ahead in the dynamic world of financial services.

Retail 221

Retail FDIC Risk Management Management 221

PYMNTS

JULY 15, 2020

We’re proud to offer financial market infrastructure that supports an open, digital financial future.”. To that end, Paxos said it will provide “off-the-shelf historical pricing and market data for Revolut to customize the in-app experience.”. Paxos will hold crypto assets for Revolut’s users in the U.S., Revolut made its U.S.

US 233

US cryptocurrency FDIC Compliance 233

CFPB Monitor

MAY 26, 2021

The FDIC has filed a motion for summary judgment in the lawsuit filed by the Attorney Generals of six states and District of Columbia to set aside the FDIC’s “ Madden -fix” rule. The filing also includes the FDIC’s opposition to the summary judgment motion filed by the AGs.

FDIC 78

FDIC District of Columbia Regulation California 78

Abrigo

MAY 20, 2022

Meet Model Risk Management Expectations Updates to the FDIC Risk Management Manual should steer institutions toward a model that manages risk and drives growth. FDIC Update. Last April, the FDIC released an Interagency Statement titled Model Risk Management (MRM) for Bank Models and Systems Supporting BSA/AML Compliance.

Risk Management 195

Risk Management Management FDIC Meeting 195

CFPB Monitor

NOVEMBER 21, 2019

The OCC and FDIC issued proposed rules this week intended to eliminate the uncertainty created by the Second Circuit’s decision in Madden v. Comments on the FDIC’s proposal must be submitted no later than 60 days after the date the proposal is published in the Federal Register. Midland Funding. 85 [or 12 U.S.C

FDIC 78

FDIC National Lending Policies 78

CFPB Monitor

AUGUST 23, 2022

On August 19, 2022, the FDIC issued cease and desist letters to five crypto companies, alleging they made false and misleading statements about FDIC deposit insurance and demanding immediate corrective action. According to the FDIC’s press release , “[b]ased upon evidence collected., Part 328, Subpart B.

FDIC 78

FDIC social media cryptocurrency US 78

Abrigo

JANUARY 29, 2020

Key Takeaways The FDIC issued an advisory to FIs encouraging safe and sound lending practices in today's ag lending environment. FDIC) issued an advisory to financial institutions encouraging exceptionally safe and sound lending practices in agricultural lending. On January 28, the Federal Deposit Insurance Corp.

Lending 195

Lending How To FDIC Survey 195

CFPB Monitor

DECEMBER 22, 2020

The FDIC has issued a final rule that establishes a new framework for analyzing whether deposits made through deposit arrangements qualify as “brokered deposits” and amends the methodology for calculating the interest rate restrictions that apply to less than well capitalized insured depository institutions (IDIs).

FDIC 78

FDIC Capital National Regulation 78

South State Correspondent

NOVEMBER 18, 2024

Mitigating market risk comes from proper customer selection, structuring the loan as to not acerbate a bank’s risk, pricing the relationship correctly taking into account cost and risk through the loan lifetime, actively managing that customer (monitoring credit, building deposit balances, increasing engagement, enhancing fee income, etc.)

Strategy 195

Strategy Community Bank Community FDIC 195

PYMNTS

JUNE 29, 2020

FDIC) is looking to modernize bank reporting. FDIC Looks To Modernize Bank Reporting. The warning signs were also similar before each company’s insolvency — perhaps pointing to guideposts that market watchers should look for before the next corporate accounting debacle hits. Plus, the Federal Deposit Insurance Corp.

FDIC 142

FDIC Cards Payments Regulation 142

PYMNTS

DECEMBER 10, 2018

Separately, but still within the scope of efforts from the Federal Reserve and the OCC, along with the FDIC, the agencies last week released a proposal that would increase the threshold of real estate transactions that require appraisal from $250,000 to $400,000. This would be the first boost in 25 years.

Regulation 172

Regulation Fintech FDIC Innovation 172

PYMNTS

DECEMBER 16, 2018

That marketing material was removed from the page over the weekend, as were tweets promoting it at the launch — the FinTech is now calling the offering a cash management service, reported Bloomberg. The executives told Bloomberg they are working with regulators and are in the process of overhauling the marketing material related to it.

FDIC 191

FDIC Fintech Regulation Report 191