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The German challenger bank said that its "several hundred thousand" customers in the U.K. have until April 15 to withdraw money or transfer it to another account.
February 11
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Ken Karels will be succeeded by Mark Borrecco, who had been CEO of Rabobank's U.S. bank.
February 11
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Four Chinese military members charged with stealing data of 150 million Americans; fintech can use deposit insurance, a step toward a full bank charter.
February 11
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The agency released two new manual supplements and other materials to help nonbanks and its own staff better understand application procedures.
February 10
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Year to date Sep. 30, 2019. Dollars in thousands.
February 10 -
On Sep. 30, 2019. Dollars in thousands.
February 10
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On Sep. 30, 2019. Dollars in thousands.
February 10 -
It was Varo's second try with the Federal Deposit Insurance Corp., but it has now moved within a few steps of obtaining what has eluded fintech firms of late: a green light from banking regulators.
February 10
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Payday lenders have long used bank partnerships and similar means to circumvent state interest rate caps. Lawmakers should stop such practices now.
February 10
Colorado -
The agency's lawsuit against the Rhode Island company — the first involving a bank under Director Kathy Kraninger — has challenged assumptions about its approach to enforcement.
February 9
