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BankMobile Is One Of Six New FIs To Offer Smart Digital Bank Accounts Via Google Pay

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banks and credit unions (CUs) have signed on to offer checking and savings accounts through Google Pay. Bank customers will benefit from useful insights and budgeting tools while keeping their money in an FDIC- or NCUA-insured account.”. Six additional U.S.

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BSA Officials At FIs Targeted By Phishing Campaign

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In a reported phishing campaign that began last month, Bank Secrecy Act (BSA) officials at credit unions in the U.S. And, according to the report, “multiple sources” claim that FIs beyond credit unions have received such emails. FDIC) and the Comptroller of the Currency were involved in the discussion.

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Bill To Ease Regulation on Smaller FIs Before U.S. House

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“The bill also gives regulators more discretion in deciding when to require stress tests of capital adequacy for banks with between $100 billion and $250 billion in assets in the event of another crisis,” according to a summary of the bill in MarketWatch. PIRG, a group of state-based public interest research groups.

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Why The ICBA Is Fighting Industrial Loan Charters For FinTechs

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ILCs are used to form industrial loan companies, better known as industrial banks. An industrial bank is an FDIC-insured depository institution that is generally subject to the same banking laws and regulations as any other bank charter type, with the important exception of the Bank Holding Act of 1956.

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FIs Or FinTechs: Who Will Power Banking?s Big Digital Shift?

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If you talk to a bank CEO, they will tell you that most of them want to grow deposits, unless you are big enough that you worry about allocating capital. HMBradley offers FDIC-insured accounts through Hatch Bank based in California, and rates of about 3 percent on its savings accounts.

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Top News In Payments: Elavon To Buy UK Gateway Sage Pay; Germany To Make Digital Payment Providers Open Systems To Rivals

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recorded its fourth bank failure this year — the first collapse of financial institutions since 2017, per Federal Deposit Insurance Corp (FDIC) data. 1 when City National Bank of New Jersey closed its three branches. Resolute Bank closed on October 25 and Louisa Community Bank also shuttered on that day.