Backed by $131m, Grasshopper Bank to roll out broadly next month
New York-based Grasshopper Bancorp, which opened for business to a select group of entrepreneurs and investors earlier this month, this ...
Tag: FDIC
Fintechs Face Difficult Regulatory Realities on Charters
WASHINGTON, D.C. — Fintechs are having trouble facing reality when it comes to obtaining bank charters, FDIC Chairman Jelena McWilliams ...
Mnuchin Prefers Private Over Government Solutions to Data Collection, Use
WASHINGTON, D.C. — U.S. Secretary of the Treasury Steven Mnuchin said today that he prefers private over government solutions when ...
Can Banks Solve their Small-Dollar Loan Problem with Fintech Partnerships?
Aura, a San Francisco-based fintech offering affordable loans to low to moderate-income households, wants to partner with banks to offer ...
5 Companies that Made Fintech Noise in 2018
Bank Innovation’s five picks for companies that made noise in fintech this year may not include any banks, but it ...
5 People to Watch in 2019
Bank Innovation's list of people to watch in 2019 include the head of a large bank, the head of a community ...
Square Will Reapply for Banking License with the FDIC After Last Week’s Withdrawal
Payment processor Square has withdrawn its application to become a deposit-taking bank, a move similar to online lender Social Finance ...
Coinbase Seeks Bank Charter to Attract More Institutional Customers
Cryptocurrency is going mainstream, or rather, banks and cryptocurrency exchanges are growing more enmeshed. Jamie Dimon and Warren Buffett may ...
PayPal Bank Partnerships Allow It to Offer Banking Features
Bank of PayPal, anybody? Well, according to a report by the Wall Street Journal, the payments company has been reaching ...
SoFi’s Bank Charter Has Almost No Chance, Former SEC Chairman Says
SoFi’s hopes of becoming a bank have most likely been crushed after the departure of former CEO Mike Cagney, Securities ...
