Choice Financial Group consent order from FDICorders.fdic.gov 3 pointsandrewljohnson2 years ago2 commentsSaveHideCopy link On HNComments−slater2yWhat's the context for this?−Kye2yIt appears to be the sponsor bank for a number of fintech startups/"challenger" banks like Mercury. It comes up in news results alongside Silicon Valley Bank: https://www.google.com/search?q=%22Choice+Financial+Group%22...FDIC consent orders appear to be something like a cease and desist. The submitted PDF is non-specific on a skim, but refers to some less than scrupulous behavior.
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What's the context for this?
It appears to be the sponsor bank for a number of fintech startups/"challenger" banks like Mercury. It comes up in news results alongside Silicon Valley Bank: https://www.google.com/search?q=%22Choice+Financial+Group%22...
FDIC consent orders appear to be something like a cease and desist. The submitted PDF is non-specific on a skim, but refers to some less than scrupulous behavior.