CUNA, NAFCU Warn Fintech Bank National Charter Would Violate Law

They said the company does not plan to be insured by any prudential regulator — a requirement for all national banks. “As an uninsured national bank,
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When asked about threats specifically targeting banks, Federal Bureau of Investigation Director Christopher Wray urged banks to be wary of “cyber
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The lack of a bank presence often forces some consumers to use expensive services for money transfers or check cashing. Those kinds of banking
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Federal lenders and loan servicers can help students avoid default through loan restructuring or flexible payment plans based on their income-based
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Gohenry, a banking app for children, plans to use the majority of its recent … The U.K.-based challenger bank, which offers a prepaid debit card and
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Photographer: Michael Short/Bloomberg. Photographer: Michael Short/Bloomberg. Amazon.com Inc., American Express Co., Daimler AG and Stripe
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The rate is available for high-ratio mortgages, meaning a personal mortgage with a down payment of less than 20 per cent of the purchase price. The
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China Doesn't Need That Much Pork After Record Imports This Year. Bloomberg News. December 7, 2020, 10:57 PM PST.
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In the latest twist to an alleged Ponzi scheme that defrauded real estate investors out of $4.7 million, prosecutors believe the scam may have also
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A GoFundMe page has been set up after a downed power wire cause this house in Dearborn Heights to catch fire Dec. 7. Photo courtesy of GoFundMe.
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The Bloomberg news director says that, throughout this pandemic recession, one of the more worrisome economic trends has been the rise in
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… for allegedly overcharging auto lending and mortgage customers. When Barack Obama's director ran the CFPB, it routinely punished mega-banks.
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See Bloomberg's Vaccine Tracker. The initial data from Astra and Oxford last month appeared positive but raised concern over how much protection
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Sinovac Says It's Yet to Get Efficacy Data on Covid Vaccine. Bloomberg News. December 8, 2020, 12:25 AM PST Updated on December 8, 2020, 2:05
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Could the wider adoption of artificial intelligence (AI) lead to the complete replacement of humans in banking supervision? Currently, the answer for
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Electric Cars Lead as China Auto Sales Rise for Fifth Month. Bloomberg News. December 8, 2020, 12:27 AM PST Updated on December 8, 2020,
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Societe Generale and Credit du Nord, which are both based in France, have given the go-ahead to a plan to combine their retail banking operations.
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Wells Fargo CEO talks bank's progress in moving beyond troubled past … It created five lines: Consumer and Small Business Banking, Commercial
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Patrick Clark, reporter for Bloomberg News, says Airbnb's business model faces some unique challenges. Bloomberg Radio's Denise Pellegrini
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Those include neglecting to tell homeowners if a mortgage was in a loan modification plan, and failing to pay out borrowers' property taxes. The
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