CB Insights

JANUARY 5, 2021

Between 2008 and 2018, the number of commercial bank branches in the US has declined by more than 6%. Source: FDIC. Download the free report to find out what it will take for challenger banks to develop a meaningful share of the banking market. First name. Company Name. Phone number. Alternative services can be costly.

Online and Mobile Banking 98

Online and Mobile Banking Financial Inclusion Checks Federal Reserve 98

PYMNTS

MAY 22, 2018

Tom Hoenig, who stepped down last month as FDIC vice chairman, (said) that the Volcker rule should remain in place but, rather than requiring banks to comply with tedious reporting requirements, allow bank examiners to check compliance with policies and procedures as part of the regular inspection process,” the report added.

Regulations 40

Regulations Credit Union Community Banks FDIC 40

Fintech Labs Insights

NOVEMBER 10, 2023

2,500 $992 16 Betterment 498 2008 NYC 1,930,000 $435 17 Wealthfront 453 2011 SF 1,964,000 $274 18 Petal 404 2016 NYC 340,000 $992 19 Braid 390 2019 SF 12,000 $0 20 M1 Finance 371 2015 Chicago 1,230,000 2.2 197,000 $1,700 2 Robinhood 6080 2013 SF 17,190,000 $6,200 3 SoFi 4017 2011 SF 13,080,000 4.6 2 $520 12 Acorns 613 2012 LA 2,170,000 2.3

NOV 15

NOV Consumer Online and Mobile Banking Small Business 15

Fintech Labs Insights

MAY 24, 2021

But the tech and financial recessions of 2000 and 2008 held up the newcomers until the last 4 or 5 years. Security features (account freeze, real-time transaction notifications, FDIC insured). I’ve been expecting digital banking disrupters in the SMB space since the beginning of the online banking era (late-1990s). marketplace.

Online and Mobile Banking 15

Online and Mobile Banking FDIC Direct Deposit Available Balance 15

Fintech Labs Insights

MAY 24, 2021

But the tech and financial recessions of 2000 and 2008 held up the newcomers until the last 4 or 5 years. Security features (account freeze, real-time transaction notifications, FDIC insured). I’ve been expecting digital banking disrupters in the SMB space since the beginning of the online banking era (late-1990s). marketplace.

Online and Mobile Banking 15

Online and Mobile Banking FDIC Direct Deposit Small Business 15

PYMNTS

OCTOBER 1, 2019

When the economy crashed in 2008, and fully bottomed out in June 2009 credit across the board froze. The good news is that the bad news wasn’t worse news — the economy recovered, albeit unevenly and slowly. The good news is that the bad news wasn’t worse news — the economy recovered, albeit unevenly and slowly.

Consumer Financial Protection Bureau (CFPB) 54

Consumer Financial Protection Bureau (CFPB) CFPB Small Business Underwriting 54

Fintech Labs Insights

SEPTEMBER 9, 2014

Ever since the financial debacle of 2008, it''s been harder for consumers to establish their first credit account. The funds are held in an FDIC-insured account. Therefore, with no credit history or score, it becomes even harder to get credit.

Credit Union 25

Credit Union FDIC Debit Card ACH 25

PYMNTS

OCTOBER 1, 2018

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. The DOJ Finding.

P2P 54

P2P Origination Underwriting Returns 54

Fintech Labs Insights

MARCH 4, 2019

Since the financial crisis in 2008, it’s been much harder for U.S. Self Lender’s bank partners, put aside the total of all the monthly payments into an FDIC deposit account. youth to obtain a credit card. So most rely on debit cards for spending. It used to be easy (perhaps too easy) to get your credit established.

Origination 12

Origination Credit Union Push-to-Card Debit Card 12

CB Insights

DECEMBER 4, 2019

Although Bill Me Later was quickly scooped up by PayPal in 2008, Amazon has remained focused on reducing payment friction for customers. The 2017 FDIC National Survey of Unbanked and Underbanked Households shows: Approximately 6.5% US households, composed of 14.1M adults and 6.4M children, were unbanked in 2017. Approximately 24.2M

Online and Mobile Banking 101

Online and Mobile Banking Push-to-Card Payment APIs and Integration Non-Bank 101

PYMNTS

NOVEMBER 17, 2017

Bank, Union Bank and most recently as the chief executive officer of OneWest — the lender that Mnuchin created on the heels of the real estate crash back in 2008. Otting has spent 30 years in the banking industry, working at U.S. Otting is replacing Keith Noreika, who has been in the role since May and was put in place by Mnuchin.

OCC 40

OCC Office of the Comptroller of the Currency FDIC Regulations 40

PYMNTS

JULY 17, 2017

Since the recession of 2008, the retail industry has been in constant flux and has seen a mere two percent expansion over the last eight years. Currently, the hot news being discussed are the numbers released Friday from the U.S. Commerce Department. According to the federal agency, the U.S.

Consumer 43

Consumer Federal Reserve Economy Non-Bank 43

PYMNTS

DECEMBER 11, 2017

This level of vulnerability to cyberattack didn’t exist in 2008,” said Paul Bracken, a professor at the Yale School of Management, who has been developing war-game scenarios with banks since the 1990s.

Bitcoin 44

Bitcoin Breach Data Breach FDIC 44