PYMNTS

JANUARY 31, 2019

is set to see its first new community bank in decades, as the Federal Deposit Insurance Corporation (FDIC) lent its approval for MOXY Bank to launch in Washington, D.C. MOXY Bank, for example, aims to introduce corporate treasury management services, as well as offerings for small business (SMB) owners.

Community Banks 49

Community Banks FDIC Small Business Non-Bank 49

PYMNTS

JANUARY 9, 2018

With big banks pulling back from small and medium-sized business (SMB) lending in the wake of the global financial crisis, the market was ripe for someone else to fill the credit gap. Community banks approved 49 percent of SMB loan applications in November, according to the latest data from the Biz2Credit Small Business Lending Index.

Community Banks 52

Community Banks FinTech Small Business FDIC 52

PYMNTS

FEBRUARY 24, 2016

23) that commercial banks and savings enterprises that it insures reported net income in the aggregate of $40.8 That growth, the FDIC said, came mainly from a $6.8 billion decline in non-interest expenses, which were off due to a decline in litigation expenses. However, banks are operating in a challenging environment.

FDIC 40

FDIC Community Banks Non-Bank Credit Risk 40

PYMNTS

NOVEMBER 18, 2019

recorded its fourth bank failure this year — the first collapse of financial institutions since 2017, according to data from the Federal Deposit Insurance Corp ( FDIC ). 1 when City National Bank of New Jersey closed its three branches with assets of about $120.6 Resolute Bank in Maumee, Ohio closed on Oct.

FDIC 56

FDIC Community Banks Non-Bank NOV 56

PYMNTS

FEBRUARY 8, 2019

In a reported phishing campaign that began last month, Bank Secrecy Act (BSA) officials at credit unions in the U.S. The emails were reportedly only sent to certain anti-money laundering (AML) contacts, leading some to question if the National Credit Union Administration (NCUA)’s non-public data had been accessed, Krebs On Security reported.

BSA 53

BSA Phishing NCUA Credit Union 53

PYMNTS

OCTOBER 17, 2017

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.

FDIC 43

FDIC FinTech Community Banks Push-to-Card 43