New Jersey Attorney General sues merchant cash advance providers
CFPB Monitor
DECEMBER 18, 2020
The New Jersey Attorney General recently filed a lawsuit in New Jersey state court against Yellowstone Capital LLC, its parent Fundry.US
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Bitcoin Daily: US Treasury’s Mnuchin Says ‘Significant’ New Crypto Rules In Works; Spain’s FC Barcelona To Create Team Token
PYMNTS
FEBRUARY 14, 2020
BlockFi, based in Jersey City, NJ, will use the money to boost staff and start work on additional projects. The firm has about $650 million in assets and said other backers aside from Valar included Morgan Creek Digital, Avon Ventures and Winklevoss Capital.
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Which are America's healthiest credit unions?
Abrigo
JULY 25, 2016
The ratio gauges a financial institution’s ability to cover its bad debts with its total capital and allowances. Texas Ratio is a key performance indicator in the banking industry, used to assess an individual credit union’s health as it relates to credit quality.
Popular Bank Named Among First Investors of NWK FAM Fund
PopularBank
OCTOBER 13, 2020
NEWARK, NJ and NEW YORK, NY – October 13, 2020 – Popular Bank , a subsidiary of Popular, Inc. NWK FAM Fund aims to drive economic wealth among Black and Latinx populations in Newark by leveraging invested capital, public subsidies and public assets to enhance the value of Black and Latinx-focused small businesses and real estate development.
The Law of Large Numbers for Banks and Credit Unions
Jeff For Banks
AUGUST 13, 2014
One such bank that consistently stunned competitors and analysts with hefty growth was the former Commerce Bank of Cherry Hill, NJ. We have many clients that haven’t achieved that total loan size in their 100 year history. Some banks have done it. Mutuals and credit unions could reward depositors in the form of a special dividend.
The top-performing community banks of 2021
Independent Banker
APRIL 30, 2022
In order to compete as a small bank, we have been forced to keep higher-than-peer capital levels, so that our lending limit allows us to service local borrowers’ needs. If we were to have capital levels more in line with peer averages, we would barely be able to originate and keep mortgage loans of any size. . Capital Community Bank.
Valley National in N.J. Raising Capital to Fund Loan Growth
American Banker
DECEMBER 8, 2016
The $22 billion-asset company said in a press release Thursday that it is looking to sell 8.4 million shares of common stock, though it could sell another 840,000 shares if there is enough demand.
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