FinWise Bank definition

FinWise Bank means FinWise Bank, a Utah state chartered bank.
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Examples of FinWise Bank in a sentence

  • OppLoans is using FinWise Bank in Utah to launder 160% APR loans in several states where those rates are illegal.

  • The Borrower will use the proceeds from the sale of each Note solely (i) to purchase participation interests in loan and interest receivables (in any non-payday loan product), originated by FinWise Bank, (ii) to fund certain fees and expenses associated with the consummation of the transactions contemplated by this Agreement, and (iii) subject to excess availability under this facility, to transfer funds as permitted under this Agreement.

  • FinWise Bank, an FDIC-regulated bank, has been expanding its rent-a-bank operations.

  • The following screenshots come from the bank’s website that now lists these lenders among its Strategic Partnerships:55 Opploans makes loans directly in states where high-cost lending is permitted but uses FinWise Bank in states where they are not.

  • Opploans’s website makes that distinction clear.56 For example, OppLoans 55 https://www.finwisebank.com/strategic-partnership-products/.originates its loans through FinWise Bank in Oregon, where rates for installment loans are capped at 36%.

  • He is currently licensed to practice law in Utah and Washington, D.C. CCO/CRO/EVP Over 120 Years of Combined Banking Experience 1 Mr. Landvatter is CEO and President of FinWise Bancorp and CEO of FinWise Bank.

  • In June 2020, the District of Columbia sued Elevate, with which Republic Bank & Trust and FinWise Bank scheme, for violating its interest rate cap.124 In this section, we focus on the most egregious examples of lenders making loans far in excess of 36%.

  • Landvatter joined FinWise and its wholly-owned Utah state-chartered banking subsidiary, FinWise Bank (the “Bank”), in September 2010 as the President and Chief Executive Officer.

  • You also understand and agree that we are not responsible for any losses or damages if circumstances beyond our control (such as fire or flood) prevent us from making a Funds Transfer with Customer Assumed Risk or if the FinWise Bank website was not working properly and you knew about the breakdown when you started the funds transfer.

  • Although FinWise Bank reserves the right to provide Communications in paper format at any time, you agree that we are under no obligation to do so.

Related to FinWise Bank

  • JPMorgan Chase Bank means JPMorgan Chase Bank, N.A. and its successors.

  • Bank of America means Bank of America, N.A. and its successors.

  • L/C Bank means the Original L/C Bank and any other Lender which has been appointed as an L/C Bank in accordance with Clause 5.11 (Appointment and Change of L/C Bank) and which has not resigned in accordance with paragraph (c) of Clause 5.11 (Appointment and Change of L/C Bank).

  • KeyBank means KeyBank National Association.

  • UBS AG, New York Branch shall have the meaning assigned to such term in the preamble to this Agreement.

  • Wachovia means Wachovia Bank, National Association, a national banking association, and its successors.

  • Bank One means Bank One, NA, a national banking association having its principal office in Chicago, Illinois, in its individual capacity, and its successors.

  • Eye bank means a person that is licensed, accredited, or regulated under federal or state law to engage in the recovery, screening, testing, processing, storage, or distribution of human eyes or portions of human eyes.

  • Foothill means Foothill Capital Corporation, a California corporation.

  • Bank of America Fee Letter means the letter agreement, dated January 4, 2011, among the Borrower, Bank of America and MLPFS.

  • JPMCB means JPMorgan Chase Bank, N.A. and its successors.

  • JPMorgan means JPMorgan Chase Bank, N.A.

  • Mizuho means Mizuho Bank, Ltd.

  • PNC Bank means PNC Bank, National Association.

  • JPMorgan Chase means JPMorgan Chase Bank, N.A. and its successors.

  • GS Bank shall have the meaning assigned to such term in the preamble to this Agreement.

  • Digital Banking (a) means our present and future online banking services which can be accessed through 365 Online, Business Online, Bank of Ireland Mobile Banking, and services available on www.bankofireland.com; and

  • UK Non-Bank Lender means (a) where a Lender becomes a party hereto on the day on which this Agreement is entered into, a Lender listed in Schedule 3.01(j), and (b) where a Lender becomes a party hereto after the day on which this Agreement is entered into, a Lender which gives a UK Tax Confirmation in the Assignment and Assumption and/or Joinder Agreement which it executes on becoming a party hereto.

  • International banking institution means an international financial institution of which the United States is a member and whose securities are exempt from registration under the Securities Act of 1933.

  • Royal Bank means Royal Bank of Canada.

  • Scotiabank is defined in the preamble.

  • Wells Fargo Bank Wells Fargo Bank, N.A., or its successor in interexx.

  • NationsBank means NationsBank, N.A. and its successors.

  • SunTrust means SunTrust Bank.

  • CAFA means the Class Action Fairness Act of 2005, 28 U.S.C. §§ 1711-1715.

  • ABN AMRO means ABN AMRO Bank N.V.