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FDIC

FintechUSA
·Jul. 22, 2020

Brex Adds FDIC Insurance to its Cash Management Account

Brex Cash is the cash management account of the leading fintech startup best known for its corporate card for growth...
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FintechUSA
·Jul. 10, 2020

SoFi Applies for a National Bank Charter

Leading fintech platform, SoFi, has applied for a national bank charter with the OCC; unlike back in 2017 when they...
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FintechUSA
·Jul. 7, 2020

Big Banks Join Small Banks to Stop Industrial Loan Charters

Big banks have now joined the fight alongside their smaller counterparts in opposing new industrial loan charter applications; in March...
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FintechUSA
·Jun. 24, 2020

Bank Associations Renew Opposition to Rakuten’s New ILC Charter Application

Japanese e-commerce giant Rakuten first applied for an ILC charter last year before withdrawing the filing and refiling this May;...
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FintechNews RoundupUSA
·Mar. 18, 2020

FDIC Starts Providing Clarity on ILC Charters

The FDIC proposed new standards for companies seeking an ILC charter including parent companies agreeing to examinations, specialized capital and...
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FintechUSA
·Jul. 21, 2020

FDIC Proposes Fintech Certification Program

The FDIC has proposed a potential set of standards and a certification program intended to make it easier for financial...
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News Roundup
·Jul. 9, 2020

SoFi Applies for a National Bank Charter

SoFi has become the latest fintech to apply for a full national bank charter. They filed a de novo bank...
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FintechUSA
·Jun. 29, 2020

How the FDIC and OCC View the Future of Digital Banking

Financial Health Network CEO Jennifer Tescher hosted a panel featuring Federal Deposit Insurance Corp. Chairman Jelena McWilliams and acting Comptroller...
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FintechNews RoundupUSA
·Mar. 27, 2020

Regulators Encourage Banks to Make Small Dollar Loans

The FDIC and other regulators announced in a joint statement yesterday that banks should re-enter the business of making short...
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FintechNews RoundupUSA
·Mar. 6, 2020

New Bank Activity Has Dropped to Lowest Level in 2 Years

No new bank applications have been filed with the FDIC since the end of December, which is the longest drought...
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