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After buying bank accused of redlining, Cadence gets top CRA score

American Banker

The FDIC gave Cadence Bank in Mississippi the highest possible rating on its most recent Community Reinvestment Act evaluation. Cadence was the product of a 2021 merger completed just months after the acquired bank settled a federal lending discrimination case.

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Sizzle Or Fizzle: Facebook, Online Lending, Cash – And The Twilio Surge

PYMNTS

This week it was Minnesota, and then yesterday Walmart really got warmed up and announced the expansion of their new payments service in: Michigan, Virginia, the Carolinas, Indiana, Iowa, Kentucky, Nebraska, North Dakota, South Dakota, Tennessee, Louisiana, Missouri, Mississippi and Washington, D.C. Online lending . Costco Card.

Lending 101
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Who were ICBA’s Top Lenders of 2022?

Independent Banker

Here, we highlight some of last year’s most successful loan producers in the areas of agriculture, commercial and consumer/mortgage lending. The score combines the average of the bank’s percentile rank for lending concentration and for loan growth over the past year in each lending category. By Ed Avis. Methodology. AGRICULTURE.

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CFPB announces new appointments to advisory groups

CFPB Monitor

Kukla, Senior Vice President, Center for Responsible Lending, Durham, N.C. Robinson, Executive Director, Coalition for a Prosperous Mississippi, Richland, Miss. Allen, Chief Compliance Officer, Bank of American Fork, American Fork, Utah. Quick, Vice President of Compliance, First Hope Bank, N.A., Christopher G.

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2021’s Best Community Banks to Work For

Independent Banker

Within that tightly knit group, there’s the bank’s leadership team, comprising president and CEO Greg Dennis, chief lending officer Jon Girard, vice president of operations and compliance Kristine Hendrickson, and executive vice president and chief financial officer Michele Boeder. has five branch offices serving southern Mississippi.

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DOJ announces major new initiative targeting redlining; DOJ/CFPB/OCC settle redlining lawsuit against Mississippi-based national bank

CFPB Monitor

The Biden Administration’s prioritization of fair lending as a law enforcement focus took center stage last week with the announcement that the U.S. Attorneys’ Offices “as force multipliers to ensure that fair lending enforcement is informed by local expertise on housing markets and the credit needs of local communities of color.”.

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Major Medium of Exchange

Independent Banker

Jim Foster, vice president and compliance officer of Oak Bank, a community bank located in the wealthy Gold Coast neighborhood north of Chicago’s Loop, says many of the bank’s customers request four-figure cash withdrawals before they leave on trips out of the country. That will change as time goes on.”. I have a pretty full plate.”.