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Nonbank Figure withdraws OCC charter application
Figure Technologies, a nonbank consumer lender looking to expand into payments services, withdrew its application for a national bank charter.
Aug 02, 2023
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Article
State-Owned/Public Banks
Committee passes ICBA-advocated resolution to block CFPB’s 1071 rule
The House Financial Services Committee voted 29-21 to advance an ICBA-advocated resolution to block the Consumer Financial Protection Bureau’s Section 1071 rule.
Jul 28, 2023
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Article
Compliance
FDIC issues new cease-and-desist letter on deposit insurance claims
The FDIC issued a new letter demanding that a nonbank crypto entity cease making false or misleading representations about deposit insurance.
Aug 07, 2023
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Article
Deposit Insurance
ICBA offers summary on large bank capital proposal
ICBA released a summary of a recently released interagency proposed rule to strengthen regulatory capital standards on large banks.
Aug 07, 2023
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Article
Federal Deposit Insurance Corporation (FDIC)