Like all federally insured banks, CCBank is highly regulated. As a Utah state bank, CCBank is regulated by both the FDIC and the Utah Department of Financial Institutions, and our programs are routinely examined and rigorously scrutinized. FinTechs are also subject to examination by our regulators under federal law.

All of CCBank’s FinTech programs are required to be in compliance with a broad range of applicable federal and Utah laws and regulations. CCBank is committed to exceptional compliance with applicable law and regulation and in furtherance of this goal, we utilize the services of highly regarded legal advisors with deep expertise and specialization in advising FinTech lending programs. We also regularly consult with industry-leading consumer lending compliance professionals to ensure that our compliance performance remains strong.

CCBank is deeply involved in the operations and compliance of each of our FinTech programs. To maintain this level of involvement, we have built our human resource talent pool specifically for these lending programs, and we have intentionally grown our internal teams to address the enhanced oversight that these programs demand.

CCBank ensures that consumer payment performance for all our higher-interest consumer loan products report to one or more of the major credit bureaus so that customers who make on-time payments can build or improve their credit record and continue toward what we call the “path to prime.”

Additionally, many of our loan products available through our FinTech programs offer a variety of incentives for on-time payments, including a reduction of the interest rates as well as potential credit-limit increases.

The cost of the loan and repayment terms are clearly disclosed to all borrowers in accordance with applicable disclosure requirements prior to loan proceeds being disbursed to the borrower.