CFPB Monitor

MARCH 15, 2022

The OCC’s attempt to provide a clear bright line test for determining when a bank is the “true lender” in a bank-model program through a regulation was overturned by Congress under the Congressional Review Act.) Maryland, New York, North Carolina, Ohio, Pennsylvania, West Virginia, and Colorado.

California 78

California Innovation Utah West Virginia 78

PYMNTS

AUGUST 8, 2018

As states are moving to find novel ways to make use of blockchain, a number of initiatives have been developed to regulate distributed ledger technology. A pilot program in underway in West Virginia has contracted with Massachusetts-based Voatz to make ballots available for overseas troops via mobile devices.

Hawaii 100

Hawaii West Virginia New York City New York 100

CFPB Monitor

SEPTEMBER 10, 2020

In the past, “true lender” attacks have been launched or threatened by state authorities against high-rate bank/nonbank lending programs in DC, Maryland, New York, North Carolina, Ohio, Pennsylvania and West Virginia. Thus, both the OCC and FDIC have adopted regulations rejecting the Second Circuit’s Madden decision.

Utah 78

Utah California FDIC West Virginia 78

CFPB Monitor

FEBRUARY 17, 2017

According to the CFPB, the RFI stems from the Bureau’s desire “to encourage responsible innovations that could be implemented in a consumer-friendly way to help serve populations currently underserved by the mainstream credit system.” A link to register is available here.

Data 84

Data West Virginia Big Data Lending 84

Gonzobanker

DECEMBER 17, 2021

This is an innovation-seeking franchise that has built a solid brand and never got over its skis in execution. Goes to Larry Mazza and the crew at MVB Bank in West Virginia. He built a culture of collaboration, innovation and obsessive focus on the credit union’s members, all while being one heck of a player in a rock band.

Fintech 131

Fintech Strategy Leadership Lending 131

CFPB Monitor

JUNE 15, 2022

The letter explains that although states have tools for going after these lending arrangements, such tools are more costly to employ and less likely to be effective than typical enforcement authorities provided to state financial regulators. Maryland, New York, North Carolina, Ohio, Pennsylvania, West Virginia, and Colorado.

FDIC 78

FDIC California West Virginia North Carolina 78

PYMNTS

SEPTEMBER 11, 2018

Supreme Court ruled in May that states may legalize sports betting — it was already allowed in Nevada — four other states have approved such wagering: Delaware, Mississippi, New Jersey and West Virginia. The state allows both online and offline sports betting, with regulation oversight provided by the West Virginia Lottery Commission.

West Virginia 100

West Virginia Kentucky Rhode Island Mississippi 100