Finovate

MAY 6, 2024

BaaS-enabled banks have been operating in a regulatory minefield recently. FDIC and CFPB have issued multiple consent orders to banks, citing their BaaS relationships as the cause. Rather, it is intended to be a resource for community banks to consider when managing the risk of third-party relationships.

Regulations 52

Regulations FDIC Community Banks Due Diligence 52

PYMNTS

FEBRUARY 19, 2019

Earlier this month, the Federal Reserve released new data that found the average merger review time for deals in the banking sector declined to 3.8 The average merger review time at the Office of the Comptroller of the Currency (OCC) declined between 2016 and 2018, too, reports in The Wall Street Journal said.

Fed 43

Fed Office of the Comptroller of the Currency Federal Reserve OCC 43

Payments Source

APRIL 8, 2019

Community banks are open to working with innovative financial startups, but regulators must ensure they face the same oversight standards as traditional banks.

Community Banks 67

Community Banks FinTech Regulations Innovation 67

Finovate

MARCH 27, 2025

Robinhood Banking, launching this fall, will offer private banking perks such as global currency transfers, luxury benefits, and up to $2.5 million in FDIC insurance, challenging established private banking providers. Currently lacking a banking charter, Robinhood partners with Coastal Community Bank.

FDIC 64

FDIC Push-to-Card Credit Cards Community Banks 64