Tag : FDIC

Customers Bancorp Acquires $631 Million Loan Portfolio at Discount and Recruits Venture Banking Team
Banking Finance News

Customers Bancorp Acquires $631 Million Loan Portfolio at Discount and Recruits Venture Banking Team

Business Wire
by Business Wire0
Expands Premier National Business Serving Innovation and Technology Companies Customers Bancorp, through its principal subsidiary, Customers Bank, has acquired a $631 million venture banking loan portfolio from the FDIC at approximately 85% of book value. Separate from the loan pool purchase, Customers has successfully recruited 30 team members from the......
Ceres Calls on Federal Banking Regulators to Strengthen Racial and Climate Equity in the Community Reinvestment Act
Banking News

Ceres Calls on Federal Banking Regulators to Strengthen Racial and Climate Equity in the Community Reinvestment Act

Fintech News Desk
by Fintech News Desk0
Ceres submitted comments to the Fed, the FDIC, and the OCC urging the agencies to modernize the Community Reinvestment Act (CRA) by explicitly incorporating racial equity and strengthening environmental and climate provisions. This NPR represents the most significant changes to the CRA regulations in over 20 years. Latest Fintech News: Citizens......
LexFin Announces New Banking Partnership with Coastal Community Bank, Member FDIC
Banking Digital Payments Lending News

LexFin Announces New Banking Partnership with Coastal Community Bank, Member FDIC

Fintech News Desk
by Fintech News Desk0
LexFin launches first-of-its kind fintech lending and payments platform for legal services in partnership with Coastal Community Bank. LexFin has entered a partnership with Coastal Community Bank, Member FDIC (“Coastal”). LexFin provides a first-of-its-kind digital lending and payments platform that engages lawyers, clients, banks, and capital markets to make legal......
The Federal Deposit Insurance Corporation Announces 'Tech Sprint'
Banking Commerce Featured

The Federal Deposit Insurance Corporation Announces ‘Tech Sprint’

Sudipto Ghosh
by Sudipto Ghosh0
The Federal Deposit Insurance Corporation [FDIC] has announced ‘Tech Sprint’ to reach the ‘last mile’ of unbanked Americans. FDIC maintains stability and public confidence in the nation’s current financial system. The ‘tech sprint’ is designed to explore new technologies and techniques in the US fintech ecosystem. It would help expand......
Square Financial Services Begins Banking Operations
Banking Fintech News

Square Financial Services Begins Banking Operations

Fintech News Desk
by Fintech News Desk0
Square, Inc. announced its industrial bank, Square Financial Services, has begun operations after completing the charter approval process with the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions. “Bringing banking capability in-house enables us to operate more nimbly, which will serve Square and our customers as......
People's United Bank Recognized by Greenwich Associates with Awards for Best Brand and Cash Management Excellence in Middle Market Banking
Banking Fintech News

People’s United Bank Recognized by Greenwich Associates with Awards for Best Brand and Cash Management Excellence in Middle Market Banking

Fintech News Desk
by Fintech News Desk0
People’s United Bank, N.A., a subsidiary of People’s United Financial, has been recognized by Greenwich Associates, a leading global provider of market intelligence and advisory services to the banking industry, with three awards for its 2020 performance in serving middle market customers. This recognition includes a national achievement in being......
Community Federal Savings Bank Launches New Merchant Acquiring Division in Partnership with PayFacto Payments
Banking Fintech News

Community Federal Savings Bank Launches New Merchant Acquiring Division in Partnership with PayFacto Payments

Fintech News Desk
by Fintech News Desk0
Community Federal Savings Bank (“CFSB”), a federal savings association chartered by the Office of the Comptroller of the Currency, and PayFacto Payments Inc. (“PayFacto”), a leading provider of payment solutions and technologies, are pleased to announce that they have established a long-term strategic partnership to launch a new merchant acquiring......
Chime to Expand Surcharge-free ATM Access in 2021 Through New Partnership with Cardtronics
Fintech News

Chime to Expand Surcharge-free ATM Access in 2021 Through New Partnership with Cardtronics

Fintech News Desk
by Fintech News Desk0
Agreement Will Provide Fee-Free ATM Access at Top U.S. Retail Establishments ATM leader Cardtronics and Chime, a consumer fintech with a mission to help its members achieve financial peace of mind, announced they have signed an agreement to expand Chime’s ATM access. In 2021, Chime members will be able to......
Cross River Collaboration and Settlement With Colorado Attorney General Will Promote Responsible Bank-Fintech Partnerships
Banking Business Fintech News

Cross River Collaboration and Settlement With Colorado Attorney General Will Promote Responsible Bank-Fintech Partnerships

Fintech News Desk
by Fintech News Desk0
Settlement Validates Cross River Lending Model, Removes Cloud of Uncertainty and Allows Responsible Lenders to Continue to Provide Access to Credit to Consumers in Need Cross River Bank, a leading innovator and provider of banking services for technology companies, announced, together with its partners, that they have entered into an......
BankMobile Announces a Collaboration with Google to Offer Digital Bank Accounts
Fintech Mobile Banking News

BankMobile Announces a Collaboration with Google to Offer Digital Bank Accounts

Fintech News Desk
by Fintech News Desk0
BankMobile, a division of Customers Bank, and among America’s largest and fastest-growing mobile-first banks, announced an execution of an agreement with Google to introduce digital bank accounts, which will be available to its customers. “We are thrilled to be collaborating with Google to offer our customers enhanced digital bank accounts,”......
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