
Exploring FDIC and Bank Failures
Fintech Layer Cake
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The FDIC's Consent Order on Cross River Bank's Fair Lending Practices
The FDIC said that Cross River engaged on safer, unsound banking practices related to fair lending. The broader point here is the regulatory scrutiny on these partnerships is not going away. If anything, it just keeps increasing. Both banks and Fintechs have to be really savvy on compliance. They should try and be industry leaders if they want to survive this scrutiny.
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