The Legal Trouble Surrounding OCC’s National Fintech Charter

The Legal Trouble Surrounding OCC’s National Fintech Charter

← Previous Article Next Article → The Office of the Comptroller of the Currency (OCC) announced on July 31 that it would begin accepting applications for national bank charters from nondepository financial technology companies engaged in banking businesses....
Banks are Making Bank on Overdraft Fees

Banks are Making Bank on Overdraft Fees

← Previous Article Next Article → A new survey of banks finds that the average overdraft fee that banks charge customers decreased slightly from 2017 to 2018. Despite this slight drop in fees, overdraft revenue still makes up a key source of income for many...
Digital Footprints: A New Pathway in Scoring Credit?

Digital Footprints: A New Pathway in Scoring Credit?

← Previous Article Next Article → According to a new study by the Center for Financial Research (CFR) at the Federal Deposit Insurance Corporation (FDIC), a consumer’s digital footprint (i.e. whether a consumer uses an Apple or Android product, etc.) can do...
Delinquencies in Installment Loans Hold Steady in Second Quarter

Delinquencies in Installment Loans Hold Steady in Second Quarter

← Previous Article Next Article → Installment loan delinquencies held steady in the second quarter of 2018, according to the American Bankers Association (ABA). Since 2003, installment loan delinquencies for closed-end loans remain well below the 15-year...

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