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GreatAmerica Financial in Iowa is looking to form a bank so it can offer more products to small and midsize companies.
March 12 -
A decision by regulators on how to move forward with the controversial charter could have broad implications for fintech firms that want to enter the banking system.
March 11 -
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 -
Congress should further expand a tiered regulatory system to help community banks better serve local neighborhoods.
February 13Independent Community Bankers of America -
The agency released two new manual supplements and other materials to help nonbanks and its own staff better understand application procedures.
February 10 -
Gavin Newsom's proposal to create a consumer watchdog modeled after the CFPB includes a provision that would make it easier for upstart financial firms to obtain industrial loan charters.
February 7 -
The Rakuten application has piqued interest in reviving legislation aimed at stopping commercial firms from owning banks. Yet Congress previously had the chance to enact such a measure and declined.
December 10 -
A day after House Democrats urged the banking agencies to unite behind a joint plan to update the Community Reinvestment Act, Senate Democrats worried that an impending proposal from the OCC and FDIC will reduce access to credit.
December 5 -
Her comments signaled cooperation between the two agencies on a coming proposal to revamp the Community Reinvestment Act, but she raised questions about CRA assessment areas and developing a single compliance metric.
December 3 -
Sen. John Kennedy, R-La., has proposed a bill to bar companies such as Rakuten from using industrial loan companies to access the banking system.
November 13