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According to the FDIC, bank capital is a critical foundation for a safe and sound banking system and is intended to absorb losses, promote public confidence, restrict excessive asset growth, and protect depositors and the deposit insurance fund. In essence, bank capital plays a role similar to a speed limit on a neighborhood street, and the regulatory rules and definitions that govern bank capital are just as important as the ratio between “miles” and “hour” that sets that sp

After several inbound requests regarding this LinkedIn post , we decided to make the data easier to find with this blog post. It’s no secret our federal banking regulators have been directing a spectacular level of enforcement attention at fintech partner banks in recent quarters.  But are some worse than others?  The charts below summarize recent formal enforcement actions by primary federal regulator for the period 1Q23-1Q24.  They show that if you were a fintech partner ba

As the banking crisis continues to unfold, regulators who scrutinize banks, fintechs wondering if their banking partner is sound, and...

BY KEVIN STEIN FDIC Chairman Marty Gruenberg’s recent speech at the Brookings Institution Center for Regulation and Markets had some...

BY ANDREAS WESTGAARD The number of credit unions is declining at a frightening rate, shrinking over 15% in the past five years. Credit...

BY PATRICK HAGGERTY Banks have been providing back-end services that enable nonbanks to offer financial services to their customers for...

BY STEPHANIE WHITE BOOKER AND PAUL MARKER My Klaros colleagues Lauren Sartwell and Siena Marr explained the Consumer Financial...

BY JOSHUA DIAMOND The Oracle of Omaha Warren Buffett’s famous quote, "Only when the tide goes out do you discover who's been swimming...

BY LAUREN SARTWELL, STEPHANIE WHITE BOOKER, AND POORANI JEYASEKAR When most bankers think of Artificial Intelligence (AI) and Machine...

BY POORANI JEYASEKAR Despite almost 20 years working on the operational side of financial services, I stick out like a sore thumb at...

Last week, Klaros client Compound Labs announced that S&P Global Ratings had assigned B- credit ratings to Compound Prime, LLC, the...

BY JONAH CRANE AND JOHANNE LAURBERG On April 25, 2022, the Consumer Financial Protection Bureau (CFPB) announced that it would dust off...

BY DANIEL BULAEVSKY I recently shared some thoughts in Coindesk and LendIt Fintech News about how crypto companies that are building...

By Catherine Brown and Paul Marker Since his nomination by President Biden, we’ve anticipated CFPB Director Rohit Chopra will adopt a...

On Tuesday, Dec. 21, LendIt fintech announced finalists for the 5th annual LendIt Fintech Industry Awards to celebrate the top fintech...

The drumbeat signaling the advent of climate risk supervision just got louder - and while final supervisory guidance is still likely some...