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A service for political professionals · Tuesday, October 15, 2019 · 499,286,174 Articles · 3+ Million Readers
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  • Published on 06:24 GMT

    California legalized public banks. But can they work?

    San Francisco and Los Angeles are moving forward with plans to create their own public banks following the passage of historic legislation that made California the second state in the continental US to legalize the financial institutions. Experts say their …

    Source: The Guardian
  • Published on Oct 11, 2019

    Trustar Bank CEO, Shaza Andersen, Appointed to the FDIC’s Advisory Committee on Community Banking

    GREAT FALLS, Va.--(BUSINESS WIRE)--Oct 11, 2019-- Shaza Andersen, founder and Chief Executive Officer of Trustar Bank in Great Falls VA, was recently selected to join the FDIC’s Advisory Committee on Community Banking. The committee, which meets several …

    Source: Odessa American
  • Published on Oct 10, 2019

    FDIC to rescind four policies deemed outdated

    WASHINGTON — The Federal Deposit Insurance Corp. is proposing to retire four "statements of policy" as part of an ongoing effort to explore ways to reduce the industry's regulatory burden. The four statements headed for the FDIC's …

    Source: Americanbanker
  • Published on Oct 10, 2019

    FDIC employees to get paid parental leave

    To listen to the Federal Newscast on your phone or mobile device, subscribe in PodcastOne or Apple Podcasts. The best listening experience on desktop can be found using Chrome, Firefox or Safari. The Federal Deposit Insurance Corporation has struck a three …

    Source: WFED
  • Published on Oct 9, 2019

    FDIC to offer parental paid leave to employees

    WASHINGTON — The Federal Deposit Insurance Corp. announced Wednesday it will offer employees parental paid leave starting in 2020. All FDIC personnel will qualify for up to six weeks of paid leave following the birth, adoption, or foster-care placement of …

    Source: Americanbanker
  • Published on Oct 10, 2019

    FDIC offers parental leave to agency employees

    Workforce FDIC offers parental leave to agency employees By Lia Russell Oct 10, 2019 On Oct. 9, the Federal Insurance Deposit Corporation announced that employees would be given parental paid leave, a six-week benefit for the adoption, fostering, or birth …

    Source: Federal Computer Week
  • Published on Oct 9, 2019

    Back to the Future. Stealth Bank Robinhood Offers FDIC Insured Savings Accounts After Previous Balk

    October 8, 2019 @ 8:21 pm By JD Alois Robinhood, a robo-advisor and Fintech stealth bank, has returned to the current account business with FDIC insured savings accounts. ood now offers a brokerage service, options, crypto as well as cash management. …

    Source: Crowdfundinsider
  • Published on Oct 11, 2019

    Customers Bancorp, Inc. to Host Third Quarter 2019 Earnings Call on October 24, 2019

    WYOMISSING, Pa.--(BUSINESS WIRE)--Oct 11, 2019-- Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively, “Customers”), announced today that it will host a conference call at 9:00 AM EDT on Thursday, October 24, 2019 to …

    Source: Odessa American
  • Published on Oct 11, 2019

    Provident Bancorp, Inc. Announces Results of Stock Offering and Expected Closing Date

    AMESBURY, Mass., Oct. 11, 2019 (GLOBE NEWSWIRE) -- Provident Bancorp, Inc. (the “Company”), the stock holding company of The Provident Bank, announced today that it has received all required regulatory approvals for the conversion of Provident Bancorp (the …

    Distribution channels: Banking, Finance & Investment Industry, Companies ...
  • Published on Oct 11, 2019

    Trust Amazon, Google with their savings? Consumers are split

    If Amazon, Google, Facebook and Apple were banks, would consumers trust them their money? Two separate studies released this month attempted to answer that question, and what they found was that most consumers would still prefer to stash their savings in …

    Source: Americanbanker
  • Published on Oct 11, 2019

    Public bank is back on the table in L.A. after voters rejected the idea

    Los Angeles voters had a chance last fall to eliminate a key barrier to creating a public bank that would be owned by the city. The question was whether to amend the City Charter to allow L.A. to create a “purely commercial” enterprise. City Council …

    Source: Los Angeles Times
  • Published on Oct 11, 2019

    Your Emergency Fund: How Much is Enough?

    By Pat Wallschläger Complimentary Story    “Go to the ant, consider her ways, and be wise. Without having any chief, officer, or ruler, she prepares her bread in summer and gathers her food in harvest.”   (Proverbs 6:6-8).    Disastrous months happen …

    Source: Wisconsin Christian News
  • Published on Oct 11, 2019

    Former Aledo, Illinois Bank Executive Pleads Guilty to Fraud

    ROCK ISLAND, Il (KWQC) - The former executive vice president and chief loan officer for the failed Country Bank of Aledo, Illinois Dana Frye pleaded guilty to charges of making false statements to the bank. During his appearance in federal court Frye …

    Source: KWQC
  • Published on Oct 5, 2019

    As Congress Asks The Fed To Look Into A Digital Dollar, Former FDIC Chair Sheila Bair Is Ahead Of The Curve ... Again

    In a letter to the Chair of the Federal Reserve, Congressman Bill Foster (D-IL), Chair of the AI Task Force and Congressional Blockchain Caucus Co-Chair, along with Congressman French Hill (R-AR), Ranking Member on the AI and Fintech Task Force sent a …

    Source: Forbes
  • Published on Oct 11, 2019

    Former Aledo bank executive pleads guilty to fraud

    × Former Aledo bank executive pleads guilty to fraud ROCK ISLAND- The former executive vice president and chief loan officer for Country Bank of Aledo, Ill., Dana Frye, pleaded guilty to charges of making false statements to the bank. During his court …

    Source: WQAD
  • Published on Oct 1, 2019

    Regulators can be the glue in bank-fintech partnerships: FDIC chief

    ST. LOUIS — Regulators should create a climate for banks and fintech service providers to team up in meeting customers' digital banking demands, Federal Deposit Insurance Corp. Chairman Jelena McWilliams said Tuesday. “It is our job as a regulatory …

    Source: Americanbanker
  • Published on Oct 11, 2019

    One challenger bank's plan to bring immigrants into financial mainstream

    Banks in the U.S. have long faced criticism for failing to meet the needs of immigrant communities. Language barriers and documentation requirements are frequent problems. So are fees and minimum balance requirements that make it hard for lower-income …

    Source: Americanbanker
  • Published on Oct 10, 2019

    Fed Votes to Lighten Regulations for All but the Largest Banks

    Federal Reserve Board members voted on Thursday to adjust key bank regulations put in place after the financial crisis, enacting a series of changes that one board governor, Lael Brainard, warned could weaken “core safeguards.” Regulators are tying rules …

    Source: The New York Times
  • Published on Oct 10, 2019

    Federal Reserve Board finalizes rules that tailor its regulations for domestic and foreign banks to more closely match ...

    The Federal Reserve Board on Thursday finalized rules that tailor its regulations for domestic and foreign banks to more closely match their risk profiles. The rules reduce compliance requirements for firms with less risk while maintaining the most …

    Distribution channels: Banking, Finance & Investment Industry
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