CFPB Monitor

NOVEMBER 14, 2014

Yesterday I attended the Consumer Financial Protection Bureau’s (CFPB) field hearing in Wilmington, Delaware, at which the CFPB unveiled and accepted public comment on its long-awaited proposed rule for prepaid accounts under the Electronic Fund Transfer Act (Regulation E) and the Truth In Lending Act (Regulation Z) (the Rule).

Delaware 84

Delaware Cards Regulation Lending 84

American Banker

MAY 26, 2016

Radius Bank in Boston has recruited a team to lead a national push into Small Business Administration lending. Among the new hires is Diane Gallion, a former executive at The Bancorp in Delaware, who will be national director of government-guaranteed lending at Radius.

Boston 31

Boston National Lending Delaware 31

CFPB Monitor

FEBRUARY 3, 2022

The decision could have significant implications for all providers of consumer credit whose operations involve cross-border lending. In TitleMax of Delaware, Inc. Constitution. In concluding there was no Commerce Clause violation, the Third Circuit expressly refused to follow the Seventh Circuit’s decision in Midwest Title Loans, Inc.

Pennsylvania 147

Pennsylvania Analysis Security Indiana 147

CFPB Monitor

OCTOBER 17, 2022

In a recent press release , the Pennsylvania Attorney General announced that settlements have been reached with Delaware and Florida lenders who made allegedly usurious loans to Pennsylvania residents. In apparent support of the settlement, the press release cites the Third Circuit’s decision in TitleMax of Delaware, Inc.

Indiana 78

Indiana Minnesota Pennsylvania South Dakota 78

CFPB Monitor

OCTOBER 31, 2018

The District of Columbia’s AG as well as the AGs of other states, such as Washington, Illinois, Iowa, and Delaware, are reported to also be conducting redlining investigations. In 2015, the New York AG entered into a settlement with Evans Bank to resolve a lawsuit filed by the NY AG alleging that the bank had engaged in redlining.

Pennsylvania 68

Pennsylvania Philadelphia Connecticut Iowa 68

CFPB Monitor

NOVEMBER 19, 2015

The CFPB announced earlier this week that it has initiated an administrative action against a Delaware-based online lender and its CEO for alleged violations of Truth in Lending Act, the Electronic Fund Transfer Act (EFTA), and the CFPA’s UDAAP prohibition.

Online 60

Online Delaware Lending Payments 60

CB Insights

NOVEMBER 6, 2019

Collectively, these startups have raised over $9.5B, with leading companies including lending startup Avant (Illinois, $655M in total disclosed equity funding), next-gen auto insurer Root Insurance (Ohio, $509M), restaurant finances management system Toast (Massachusetts, $503M), and small business lending startup Kabbage (Georgia, $490M).

United States 72

United States Fintech North Carolina Rhode Island 72

CB Insights

MARCH 13, 2019

valuation), Nuro ($2.7B), alternative lending startup Avant ($1.9B), AI-powered predictive sales acceleration platform InsideSales.com ($1.7B), salestech startup Afiniti ($1.6B), healthcare startup Butterfly Network ($1.3B), and data analytics company Dataminr ($1.2B). Total Equity Funding ($M). Info Assembly. California.

United States 78

United States Rhode Island Massachusetts Connecticut 78

CB Insights

OCTOBER 26, 2017

California-based lending unicorn SoFi is the most well funded fintech company with just over $2B raised since 2011. Unicorns on the map include SoFi in California, Oscar in New York, Avant in Illinois, Kabbage in Georgia, and AvidXchange in North Carolina. Click on the image below to enlarge. The company was last valued at $4.5B California.

United States 78

United States Fintech North Carolina Rhode Island 78

PYMNTS

FEBRUARY 28, 2017

SoFi, the San Francisco–based lending startup, has by all reasonable metrics hit the ground in 2017 running. With that acquisition, SoFi also acquired Zenbanx’s partnership with Delaware-based WSFS Bank and access to the bank’s charter and banking license.

San Francisco 100

San Francisco Delaware United States Groups 100

CFPB Monitor

NOVEMBER 2, 2015

Constitution did not preclude Minnesota from applying its payday lending law to loans consummated in Delaware that are made to Minnesota residents over the Internet. Constitution to avoid application of a borrower’s home state law. In its decision, the Supreme Court ruled that the Commerce Clause of the U.S.

Minnesota 60

Minnesota Delaware Massachusetts New York 60

PYMNTS

MARCH 31, 2017

That might impact not just office space, but lending activities and even FinTech. million to Delaware — to resolve predatory subprime auto loan allegations. Auto lending is big business for Santander — it is $38.5 Big banks are not quite sure, it seems, what will happen to their positions — physical and otherwise — in London.

Samsung 100

Samsung ATM Massachusetts Fraud 100

Independent Banker

FEBRUARY 24, 2016

Even more obviously absurd, one provision would allow community credit unions in seven states—Montana, Alaska, Delaware, North Dakota, South Dakota, Vermont and Wyoming—to serve their entire state. Basically, all air-breathing mammals in the United States would qualify to be credit union members.

South Dakota 70

South Dakota North Dakota Montana Wyoming 70

Independent Banker

SEPTEMBER 26, 2014

Even though the industry identified several major regulatory burdens, including those posed by the Truth in Lending Act and the Home Mortgage Disclosure Act, few substantive regulations were repealed. Lynda Messick , president and CEO at Community Bank Delaware in Lewes, Del.; in Lowell, Mass.;

Washington 70

Washington Fort Worth Regulation Community Bank 70

Jeff For Banks

APRIL 4, 2010

It was a northbound terminus of the Delaware, Lackawanna and Western Railroad (DL&W) used to move coal northward that was being mined in Lackawanna and Luzerne Counties. They take deposits from us and our neighbors, and lend it to us and our neighbors. When the bank opened in 1905, Hallstead was already a thriving community.

Community Bank 60

Community Bank Pennsylvania National Community 60

MyBankTracker

JUNE 6, 2020

APRs are lower than predatory lending options. To apply for a NetCredit personal loan, you must meet the following requirements: Be 18 or older (19 in Alabama and Delaware, 21 in Mississippi) Have a checking account Have a verifiable source of income NetCredit offers loans to residents of 37 states and Washington D.C.

South Dakota 52

South Dakota Mississippi Lending Alabama 52

Lex Sokolin

JULY 1, 2019

fee on Binance, $600M of Tether printed, $200M in DeFi lending This is what it looks like, this change in the atmosphere, the fireflies all lighting up as the night comes in. Finance in motion— $1B moved for $0.02 We are here. We are in it. It makes the skin crawl. Do you think we will see another moment like this in our careers?

Bitcoin 40

Bitcoin System Software blockchain 40

MyBankTracker

MAY 23, 2020

APRs are lower than predatory lending options. If you’re considering applying for a personal loan, this review will cover everything you need to know about Opploans. Designed for borrowers with bad or no credit. On-time payments can help build credit. APR is still extremely high compared to typical personal loans. Borrowing Amounts.

Rhode Island 52

Rhode Island Nebraska Alabama South Dakota 52

CB Insights

MARCH 27, 2018

Ziddu focuses on blockchain-backed solutions that offer microfinance lending against collateralized commodities in the form of Ziddu Coins — in other words, blockchain-based technology that could hypothetically make it easier for LongFin to collect collateral from borrowers. ” — as well as another relocation, this time to Florida.

blockchain 48

blockchain Company cryptocurrency Bitcoin 48

PYMNTS

JUNE 13, 2018

Holdaway will be based in Wilmington, Delaware, and will start his new position in July. The business serves millions of consumers around the world, providing branded and co-branded consumer credit cards, lending and retail deposit services to consumers, as well as B2B solutions to clients. and Germany.

Capital 100

Capital Cards Delaware Payments 100

Fintech Labs Insights

JULY 20, 2016

HQ: Wilmington, Delaware. Tags: SMB, lending, commerical loans, price comparison, lead gen. HQ: Shenzen, China. Source: FT Partners. Credit card payoff loans. Latest round: $46.76 million Series C. Total raised: $71.56 HQ: Costa Mesa, California. Latest round: $30 million Series A. Total raised: $30 million. HQ: New York City.

New York City 12

New York City San Francisco Company Fintech 12

CB Insights

AUGUST 25, 2017

Others include Hijro (formerly Fluent), which offers an alternative platform for lending into global supply chains, and Skuchain , which builds blockchain-based products for the business-to-business trade and supply chain finance market. Cloud storage .

blockchain 78

blockchain Industry Bitcoin Security 78

CFPB Monitor

OCTOBER 13, 2020

For example, the Marketplace Lending Association, a trade association for banks and companies that cap rates at 36% per annum on their loans, wrote: “without access to affordable credit, consumers will be in danger of being ensnared in high cost or predatory debt traps.”.

Lending 60

Lending Colorado FDIC National 60