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Another Maryland threat to bank partner model lending

CFPB Monitor

In addition, legal challenges to the OCC and FDIC “ Madden -fix” rules and the OCC’s “true lender” rule continue to create uncertainty for participants. The new Maryland matter demonstrates that participants in bank model programs continue to face state licensing threats.

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Could COVID-19 Cause A Banking And Commercial Real Estate Crisis?

PYMNTS

Missouri-based commercial real estate broker John John told local media that the pandemic was the final push for a sector that had already been in a decline. Bank regulators and overseers have been tracking the problem since the outbreak’s onset. The Post reported that the Federal Deposit Insurance Corp.

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Brex Offers FDIC Insurance, Adds Chief Legal Officer

PYMNTS

Brex , the San Francisco financial technology startup, is offering FDIC insurance on its no-fee cash management account, the company announced Wednesday (July 22). The new feature in Brex Cash allows customers the choice to hold cash savings with FDIC insurance, or invest in Money Market Funds.

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