In trying to defend the fintech charter from attacks on the left, Comptroller Thomas Curry wound up frustrating the GOP. Source: American Banker
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Entries by Lindsay
New York’s financial regulator had sought to expand licensing requirements for certain fintech firms through a provision in the state’s budget, but the provision was not included. Source: American Banker
The venture capital firms of Goldman Sachs and Citigroup, along with the fund backed by Google’s chairman, have invested in a firm that helps banks secure their cloud technology. Source: American Banker
Sen. Mike Rounds, R-S.D., suggested Tuesday that the National Flood Insurance Program should boost its insurance coverage to $427,000 in an effort to put it on sounder fiscal footing. Source: American Banker
House Republicans’ concern with the Office of the Comptroller of the Currency’s fintech charter signals growing lawmaker resistance to the plan, which was already opposed by two prominent Senate Democrats earlier this year. Source: American Banker
The private-equity firm Vista Equity Partners will acquire D+H in a deal valued at $3.57 billion. Source: American Banker
On Dec. 31, 2016. Dollars in thousands. Source: American Banker
On Dec. 31, 2017. Dollars in thousands. Source: American Banker
The Wells Fargo fake-accounts scandal is shining such a bright spotlight that more pervasive problems with the industry’s sales practices are getting lost in the shadows. Source: American Banker
SBA lending is on a tear. Gulf Coast Bank & Trust is the latest institution to dive into doing this activity nationwide after buying CapitalSpring. Source: American Banker
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