PYMNTS

FEBRUARY 24, 2016

23) that commercial banks and savings enterprises that it insures reported net income in the aggregate of $40.8 That growth, the FDIC said, came mainly from a $6.8 billion decline in non-interest expenses, which were off due to a decline in litigation expenses. However, banks are operating in a challenging environment.

FDIC 40

FDIC Community Banks Non-Bank Credit Risk 40

PYMNTS

NOVEMBER 18, 2019

recorded its fourth bank failure this year — the first collapse of financial institutions since 2017, according to data from the Federal Deposit Insurance Corp ( FDIC ). 1 when City National Bank of New Jersey closed its three branches with assets of about $120.6 The number reached a peak of 157 in 2010.

FDIC 56

FDIC Community Banks Non-Bank NOV 56

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. MOXY Bank, for example, aims to introduce corporate treasury management services, as well as offerings for small business (SMB) owners.

Community Banks 49

Community Banks FDIC Small Business Non-Bank 49

PYMNTS

OCTOBER 17, 2017

ILCs are used to form industrial loan companies, better known as industrial banks. An industrial bank is an FDIC-insured depository institution that is generally subject to the same banking laws and regulations as any other bank charter type, with the important exception of the Bank Holding Act of 1956.

FDIC 43

FDIC FinTech Community Banks Push-to-Card 43

PYMNTS

OCTOBER 1, 2018

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. The DOJ Finding. The Rundown on the Run-up to the Decisions.

P2P 54

P2P Origination Underwriting Returns 54

PYMNTS

JANUARY 30, 2018

When Bank of America announced last week that it was terminating its free checking option for low-balance customers, a literal Tweet storm broke out. The new program, first launched in 2010, was a digital-only offer for customers with low-balance checking accounts. Last week, the bank shut down the program completely.

Direct Deposit 43

Direct Deposit Online and Mobile Banking Checks Non-Bank 43

FICO

JULY 17, 2017

In June, the House adopted, along a party line vote, the Choice Act, which aims to make broad changes to the 2010 Dodd-Frank statute. In the coming months, the President will have the opportunity to nominate new leadership at the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve, and a year from now at the CFPB.

Consumer Financial Protection Bureau (CFPB) 40

Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency CFPB Financial Crimes 40