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In 1999, the OCC issued a charter to the internet bank AeroBank, but the startup's efforts to raise capital were thwarted when dot-com-boom money went chasing shinier options. Nonetheless, the banks experiences resonate with fintech banks trying to obtain a national charter today.
July 13 -
The Consumer Financial Protection Bureau and director Richard Cordray defeated a legal challenge to actions taken by the agency while he was a 2012 recess appointee of President Obama.
July 13 -
Jack Kuntz, president and chief executive at American Savings Bank in Portsmouth, Ohio, recently put his personal cell phone number on a billboard off Interstate 71 in Cincinnati as part of an advertising campaign for his $260 million-asset institution.
July 13 -
Glendale Area Schools CU recently converted from a federal charter insured through NCUSIF to a state charter with private insurance through American Share Insurance, in part because the CU's outspoken CEO Stuart Perlitsh says the federal regulator is often "out of touch" with a credit union's local environment.
July 13 -
JPMorgan Chase, Barclays and other big financial institutions are offering paid internships to members of the sandwich generation who left banking to care for children and elderly parents. Here's why the banks are interested.
July 13 -
Google will provide McDonald's customers in San Jose, Calif., this weekend with free burgers as a promotion for its Hands Free payment app at any of 47 participating restaurants.
July 13 -
The $31 billion-asset company said in a press release that Marty Grunst will also join its executive leadership team on Aug. 1.
July 13 -
Cyber risk analytics provider Bay Dynamics has completed a $23 million Series B financing round through Carrick Capital Partners.
July 13 -
Social media may be the soup de jour of bank marketing, but its value as a business acquisition tool may be greatly exaggerated unless banks fine-tune their strategies.
July 13
Liberty Bank -
WASHINGTON Lawmakers sparred Tuesday over a Republican plan to overhaul the Dodd-Frank Act and provide regulatory relief to well-capitalized credit unions.
July 13




