This is the third installment of our series evaluating the choice between starting a “new” bank through the de novo chartering process or purchasing an existing bank to implement the new business plan. Since we first wrote on...more
The United States Department of the Treasury (“Treasury”) recently announced that a second application round has opened for investments in eligible Minority Depository Institutions (“MDIs”) and Community Development Financial...more
According to the FDIC, the most important factor contributing to the earnings gap between community and non-community banks is the ability to generate non-interest income from “activities that are typically not part of the...more
On March 29, 2021, the primary federal bank regulators (the Federal Reserve, CFPB, the FDIC, the NCUA, and the OCC) issued a request for information to gain input on the growing use of Artificial Intelligence (“AI”) by...more
4/2/2021
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Consumer Financial Protection Bureau (CFPB) ,
Cybersecurity ,
FDIC ,
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Financial Institutions ,
Financial Services Industry ,
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NCUA ,
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Risk Management
Millions of businesses received hundreds of billions in forgivable loans under the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act) and the Paycheck Protection Program (PPP). These forgivable loans allow...more