The Federal Deposit Insurance Corp.’s finalized Statement of Policy on Bank Merger Transactions will have a “chilling effect” on bank mergers and other strategic decisions on investment, risk management and competitive positioning, a Bank Policy Institute (BPI) senior associate general counsel wrote. Writing in a...
Banking-as-a-service (BaaS), as a business model, promises to reshape financial services. And a drumbeat of regulatory actions and continued scrutiny from a veritable alphabet soup of regulators promises to reshape BaaS. The model, generally speaking, is one in which non-banks gain access to banking features,...
Cross River Founder and CEO Gilles Gade has spoken out in favor of the Federal Deposit Insurance Corp.’s (FDIC) proposed requirements for custodial deposit accounts. The proposed requirements are a proper response to the collapse of Synapse and the fallout that impacted its FDIC-insured banking...
Federal regulators are encouraging banks and financial institutions to work with borrowers impacted by Hurricane Milton. The Federal Deposit Insurance Corp. (FDIC) and other agencies and regulators issued an advisory Tuesday (Oct. 15) encouraging financial institutions in areas affected by the storm to work with...
September 03, 2024
Technology and third-party relationships — with service providers and digitally-focused FinTechs — have helped transform banks’ operations. Banks have been able to pivot fully into the digital age, serving a broader swath of customers than they otherwise might have if those partnerships had not been struck in the first place. The PYMNTS Intelligence report “The […]
August 12, 2024
New input from the Federal Deposit Insurance Corp. (FDIC) is poised to pave the way for more “branchless banking” — through interactive teller machines that can, conceivably, amp up competition...
August 07, 2024
Uninsured deposits have been in the spotlight of the regulatory gaze through the past year and a half. The failure of Silicon Valley Bank and other bouts of financial instability...
July 17, 2024
When the U.S. Supreme Court overturned its own 40-year-old ruling in the LoperBright Enterprises v. Raimondo case on June 28 — in what has come to being popularly tagged SCOTUS...
October 31, 2024
House Republicans are warning against what they argue is regulatory overreach in bank-FinTech partnerships. The lawmakers — all members of the House Financial Services Committee – issued a letter Thursday (Oct. 31) to regulators at the Federal Reserve Board, Office of the Comptroller of the Currency (OCC), and Federal Deposit Insurance Corp. (FDIC) responding to […]
October 29, 2024
The Federal Deposit Insurance Corp.’s finalized Statement of Policy on Bank Merger Transactions will have a “chilling effect” on bank mergers and other strategic decisions on investment, risk management and...
October 22, 2024
Cross River Founder and CEO Gilles Gade has spoken out in favor of the Federal Deposit Insurance Corp.’s (FDIC) proposed requirements for custodial deposit accounts. The proposed requirements are a...
October 15, 2024
Federal regulators are encouraging banks and financial institutions to work with borrowers impacted by Hurricane Milton. The Federal Deposit Insurance Corp. (FDIC) and other agencies and regulators issued an advisory...
