Press Release: Iowa Trust & Savings Bank, Emmetsburg, Iowa, Assumes All of the Deposits of Citizens Bank, Sac City, Iowa
PRESS RELEASE | NOVEMBER 3, 2023 Iowa Trust & Savings Bank, Emmetsburg, Iowa, Assumes All of the Deposits of Citizens Bank, Sac City, Iowa WASHINGTON – Citizens Bank, Sac City, Iowa, was closed today by the Iowa Division of Banking, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect depositors, the FDIC […]
SBA’s newly licensed nonbank lenders will focus on growth
This week the Small Business Administration followed through with a controversial policy change by granting access to its flagship 7(a) program to three additional nonbank lenders. These new participants vowed to ramp up their small-business lending efforts.
FSOC finalizes nonbank designation rule, reversing Trump-era move
The Financial Stability Oversight Council enhanced its powers to designate non-bank financial institutions as systemically important Friday, emphasizing transparency and the need to protect financial stability.
Mint’s shutdown is an opportunity for banks
The 16-year-old site struggled to monetize, but experts said personal financial management products should focus on engagement.
Amazon’s BNPL partnership expands; NAFCU-CUNA merger gets yes vote
Amazon’s buy now/pay later partnership with Affirm expands; NAFCU-CUNA merger gets affirmative vote from members; expense-reporting firm Navan rolls out European bank partnerships; and more in the weekly banking news roundup.
How to apply for The Most Influential Women in Payments, 2024
Learn how to apply for American Banker’s Most Influential Women in Payments award, which celebrates the senior executives guiding the future of the global payments industry.
New CRA rule will ‘stand the test of time’: Fed’s Barr
Federal Reserve Vice Chair for Supervision Michael Barr says that while there has been some opposition to the recent overhaul of Community Reinvestment Act regulations, he expects that banks, supervisors and communities will adapt and thrive once it’s fully implemented.
Jack’s back: How Square’s founder plans to right the ship
Taking the reins again as chief executive of Block following the recent departure of CEO Alyssa Henry, Jack Dorsey has launched internal changes to jump-start growth, eliminate silos and promote the use of artificial intelligence.
9 new AI moves in the payments industry
Companies such as Visa and Mastercard, as well as banks and retailers, are stepping up their investments in artificial intelligence to reach small businesses and spot new uses.
Press Release: FDIC Issues List of Banks Examined for CRA Compliance
PRESS RELEASE | NOVEMBER 3, 2023 FDIC Issues List of Banks Examined for CRA Compliance WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in July 2023. […]