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Ericson State Bank, which had been in regulators’ sights for a decade, was closed by state and federal authorities Friday. Another bank acquired all of its deposits and a fraction of its assets.
February 14 -
Want to satisfy regulators and better compete with the big banks? Here's where to start.
February 14
Oak Tree Business Systems, Inc. -
Wells Fargo appears to be outpacing its rivals in the API race; CFPB's unexpected showdown with Citizens; Varo gets vital FDIC OK for bank charter; and more from this week's most-read stories.
February 14 -
The inspector general also said high turnover at the chief information officer position has limited the agency's ability to modernize its technology.
February 14 -
Five Republican senators want to cut off deposit insurance for banks that have stopped offering financial services to firms that operate detention facilities and private prisons on behalf of the federal government.
February 14 -
To appease regulators, challenger banks looking to service crypto businesses can implement effective AML controls and systems, says Fenergo's Rachel Woolley.
February 14
Fenergo -
The entire banking industry needs to join the fight instead of waiting for Congress to act.
February 14
Florida Bankers Association -
For the second time in four years regulators are investigating Jes Staley; fintechs have until July 30 to sign agreements on how they access customer data.
February 14 -
Elizabeth Warren, Sherrod Brown and three other Democrats asked nonbank lenders to ensure they comply with fair-lending laws following a report suggesting they charge higher rates to those who have attended historically black or predominantly Hispanic colleges.
February 13 -
The three cease and desist orders and one written agreement had cited separate concerns at JPMorgan Chase, Discover, Deutsche Bank and RBS.
February 13






