FDIC survey: Bank branches remain vital part of small-business lending
Only 3% of banks fully automate the small-business lending process, and only for very small loans, and most borrowers are ...
Tag: Fintech
Podcast: When going through a core conversion pays off
Most bankers dread the thought of a core conversion, but once that decision is made, the process can open up ...
FDIC proposes new recordkeeping requirements for bank-fintech partnerships
The FDIC board advanced a proposed rule to establish new recordkeeping requirements for banks that enter into arrangements with third-party ...
Banking agencies extend comment period for bank-fintech information request
Federal Reserve, FDIC and OCC extended the public comment period for their request for information on bank partnerships with financial ...
Banking agencies to hold webinar on bank-fintech arrangements
The OCC, Federal Reserve and FDIC will hold an Ask the Regulators webinar on Tuesday, Sept. 24, at 2 p.m. ...
Report: FDIC considering recordkeeping requirements for bank-fintech partnerships
The FDIC is drafting a proposed rule to require banks to maintain ledgers of “for benefit of” accounts opened by ...
Podcast: A Canadian bank’s versatile business model
Earlier this week, VersaBank closed on a deal giving the Canadian point-of-sale lender a point of entry into the U.S. ...
ABA, associations seek more time for comment on bank-fintech information request
ABA and five associations requested that banking agencies push back the public comment deadline for a recent request for information ...
Nichols discusses regulatory tsunami, fintech
U.S. banks are healthy and resilient but they face a “regulatory tsunami” that is creating challenges, particularly for community banks, ...
Federal agencies seek comment on bank-fintech arrangements, warn of third-party risks
The Federal Reserve, FDIC and OCC issued a joint request for information on bank partnerships with fintech companies to provide ...
