Republicans air CFPB grievances, jockey for agency change
Payments Dive
MARCH 26, 2025
Kentucky Republican Rep. Andy Barr called the bureau an “Orwellian predator” at a House subcommittee hearing where several lawmakers proposed reforms.
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Payments Dive
MARCH 26, 2025
Kentucky Republican Rep. Andy Barr called the bureau an “Orwellian predator” at a House subcommittee hearing where several lawmakers proposed reforms.
PYMNTS
SEPTEMBER 5, 2020
For example, the Kentucky Derby will be run on Saturday (Sept. And for those who want to have their own derby party, NBC Sports has released a “Kentucky Derby at Home Party Pack” for downloading. 5) for the 146th time this weekend after being postponed from its normal May. Dragon Con .
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PYMNTS
MARCH 18, 2020
In other news, Wave Financial has made deal with Wilderness Trail Distillery in Kentucky to tokenize bourbon barrels that are valued at as much as $20 million, CoinDesk reported. CoinZoom Founder and CEO Todd Crosland said in the announcement, “CoinZoom is not only the first U.S.
CFPB Monitor
SEPTEMBER 18, 2023
On September 14 th , the Federal District Court for the Eastern District of Kentucky granted the plaintiff’s motion to preliminarily enjoin the CFPB from implementing the Small Business Lending Rule (“Rule”) promulgated under section 1071 of the Consumer Financial Protection Act. Continue Reading
Payments Dive
OCTOBER 23, 2024
Liability over data security emerges as a top concern as the Bank Policy Institute and a Kentucky trade group and bank sue the bureau, arguing that is has overreached its authority.
American Banker
OCTOBER 23, 2024
Y-12 Federal Credit Union in Oak Ridge, Tennessee, said it would acquire First State Bank of the Southeast in Middlesboro, Kentucky. It was the 19th such deal announced this year.
CFPB Monitor
AUGUST 3, 2023
Last year, Kentucky enacted the Student Education Loan Servicing, Licensing, and Protection Act of 2022 (the “Act”), which requires student loan services to be licensed in Kentucky. The Act took effect on July 13, 2023 (the “Effective Date”).
ABA Community Banking
DECEMBER 15, 2021
In the wake of the devastating tornadoes that struck Kentucky and other mid-South states over the weekend, the ABA Foundation has partnered with the Kentucky Bankers Association to support relief efforts. At KBA’s request, the ABA Foundation is collecting donations from across the country to support the Kentucky Bankers Relief Fund.
CFPB Monitor
SEPTEMBER 6, 2023
The CFPB has filed its opposition to the motion for a preliminary injunction filed by the plaintiffs in the Kentucky federal court lawsuit challenging the CFPB’s final small business lending rule (Rule). The plaintiffs in the Kentucky lawsuit are the Kentucky Bankers Association and several Kentucky banks.
CFPB Monitor
APRIL 18, 2022
Kentucky recently enacted HB 494 , titled the “Student Education Loan Servicing, Licensing, and Protection Act of 2022,” which will require student loan servicers to be licensed in Kentucky. The Act applies to servicers of private student loans and federal student loans.
American Banker
SEPTEMBER 16, 2024
Independence Bank of Kentucky said 14 customers had reported receiving the bills, which included text such as "for motion picture purposes."
The Paypers
OCTOBER 24, 2024
The Bank Policy Institute and Kentucky Bankers Association have filled a lawsuit against CFPB for jeopardising customers’ privacy and account security with its new rule.
CFPB Monitor
AUGUST 23, 2023
The Kentucky banks and Kentucky trade association that filed a lawsuit in a Kentucky federal district court challenging the CFPB’s final small business lending rule (Rule) have filed a motion for a preliminary injunction. The court has ordered the CFPB, if it objects to the motion, to file a response by September 3, 2023.
PYMNTS
DECEMBER 16, 2020
In addition to Texas, states involved in the suit include Arkansas, Idaho, Indiana, Kentucky, Mississippi, Missouri, North Dakota, South Dakota and Utah, WSJ reported. “This internet Goliath used its power to manipulate the market, destroy competition, and harm YOU, the consumer,” Paxton's office said in a tweet Wednesday (Dec.
CFPB Monitor
AUGUST 17, 2023
We recently reported that the Kentucky Bankers Association and several Kentucky banks filed a lawsuit against the CFPB in the U.S. District Court for the Eastern District of Kentucky alleging that the CFPB’s final small business lending rule (Rule) is invalid because, among other reasons, the CFPB is unconstitutionally funded.
PYMNTS
FEBRUARY 21, 2020
Yum Brands also owns fast-food chains Taco Bell and Kentucky Fried Chicken. Yum Chief Financial Officer Chris Turner said there was “potential for choppiness” in near-term results for Pizza Hut, according to CNBC. Earlier this year , the company announced plans to purchase Habit Restaurants, the casual fast-food chain.
PYMNTS
JANUARY 13, 2020
According to local Kentucky Today reports, $1.5 million was embezzled from a Kentucky school district , pointing to a former finance director, now the subject of an FBI probe. Reports said the former finance director allegedly stole $1.5
PYMNTS
APRIL 10, 2020
The Kentucky Republican sought unanimous approval for an additional $250 billion into a loan program for small businesses struggling to stay afloat during the COVID-19 crisis. Cardin’s objection put the legislation on hold.
PYMNTS
DECEMBER 17, 2020
In addition to Texas, states involved in the Paxton suit include other Republican attorneys general from Arkansas, Idaho, Indiana, Kentucky, Mississippi, Missouri, North Dakota, South Dakota and Utah. Over the last year, both the U.S.
ATM Marketplace
OCTOBER 28, 2022
Louisville, Kentucky rock festival Louder than Life encouraged attendees to go cashless, but unfortunately the strategy hit several snags.
PYMNTS
FEBRUARY 15, 2019
billion hub in Northern Kentucky, scheduled to be open in 2021. The new Kentucky location will have capacity for 100 planes. “We In a move to better control shipping and logistics, Amazon has been expanding Amazon Air, with 50 new planes and numerous regional hubs, according to a report by CNBC. The expansion includes a $1.5
South State Correspondent
MAY 9, 2016
While the Kentucky Derby, NBA and NHL playoffs kept bankers busy this weekend, there was also work to be done as we saw our first complete set of data from 1Q.
PYMNTS
NOVEMBER 18, 2019
Louisa Community Bank of Louisa, Kentucky also shuttered on Oct. 25, and the assets were purchased by Kentucky Farmers Bank Corporation in Catlettsburg, Kentucky. It had one branch with $27.1 million in total assets and $26.2 million in total deposits. As of June 30, Louisa Community Bank had approximately $29.7
ABA Community Banking
FEBRUARY 18, 2025
The Kentucky Bankers Association has activated its Disaster Relief Fund to provide financial support to bank employees affected by recent flooding in the state. The post Kentucky Bankers Association seeks donations to assist in flood relief efforts appeared first on ABA Banking Journal.
PYMNTS
APRIL 15, 2020
As a result, the Kentucky Republican was unable to secure unanimous approval for the funding measure. The fight began when Sen. Ben Cardin (D-Maryland) opposed Republican Senate Majority Leader Mitch McConnell’s motion to approve more loans for small business funding.
PYMNTS
JANUARY 7, 2021
The company expects to begin its first harvest from its flagship farm, which is a 60-acre facility growing tomatoes in Morehead, Kentucky, this month. There are other facilities in Kentucky, including a 15-acre location to develop leafy greens, the release stated.
PYMNTS
MAY 20, 2020
Another innovation for the Tmall Genie separate from the AI development is the creation of a smart speaker made in the image of Kentucky Fried Chicken (KFC) founder Colonel Sanders. In the first quarter of 2020, the smart speaker ranked first in the market in terms of shopping volume, with a market share of over 35 percent.
PYMNTS
DECEMBER 28, 2016
The first opening will take place in Frisco, Texas next March, followed by Indianapolis, Indiana; Lexington, Kentucky; Schaumburg, Illinois; Boulder, Colorado; and Portland, Oregon in the second quarter of 2017.
PYMNTS
OCTOBER 29, 2020
During the week ending Oct.
American Banker
DECEMBER 15, 2021
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ABA Community Banking
DECEMBER 20, 2021
10-11, 2021, a violent line of tornados moved across several states, including Kentucky, Tennessee, Arkansas, Illinois and part of Missouri, leaving a 250-mile path of devastation in their wake. Western Kentucky took the brunt of the damage. The storms destroyed homes and businesses, killing more than 75 people.
PYMNTS
JANUARY 6, 2020
Yum Brands, the parent company of fast-food chains Taco Bell and Kentucky Fried Chicken, plans to purchase fast-casual chain Habit Restaurants, which is the parent company of Habit Burger Grill, according to a report by The Wall Street Journal. Gibbs took over the Louisville, Kentucky company this month from former CEO Greg Creed.
PYMNTS
DECEMBER 3, 2020
The new service is now available for Meijer customers in Michigan, Ohio, Indiana, Kentucky, Illinois and Wisconsin. Instacart will deliver everything Meijer carries, from groceries and household essentials to home decor, electronics and more. and Canada. The platform is available to 85 percent of U.S.
PYMNTS
DECEMBER 21, 2020
For example, Yum Brands ’ huge QSR stable of Taco Bell , Kentucky Fried Chicken and Pizza Hut is also going through a similar metamorphosis that focuses on how the food is ordered and delivered rather than on the food itself. Way Beyond Burgers. The current redesign trend goes well beyond the big burger chains.
PYMNTS
SEPTEMBER 11, 2018
Kentucky is one of the latest jurisdictions that could welcome the wagering. Meanwhile, states such as Kentucky, Connecticut, Illinois, Michigan, Indiana, Massachusetts, Maryland and others are making moves toward legalization, and via different methods. Missouri seems to be focusing on riverboat casinos and sports fantasy leagues.
American Banker
JANUARY 27, 2021
Stock Yards Bancorp in Louisville says it would pay $190 million in cash and stock for Kentucky Bancshares.
PYMNTS
JUNE 4, 2020
The largest increases in claims for the week ending May 23 were in Maine (11,941), Oklahoma (10,274), Michigan (7,859), Kentucky (6,417) and Oregon (4,913). In contrast, states that saw the biggest decreases were Georgia (65,041), New Jersey (27,324), Kentucky (22,051), Louisiana (11,580) and Pennsylvania (11,172).
PYMNTS
APRIL 30, 2020
Governors of various states, including New Jersey and McConnell’s own home state of Kentucky, have chimed in saying that their states will definitely need more aid than what has already been given in the previous trillions of dollars of aid since the pandemic hit. New Jersey Gov.
PYMNTS
OCTOBER 7, 2019
announced the acquisition of Midwest POS Solutions to expand its presence in Kentucky and Indiana, as detailed in a press release on Monday (Oct. The Indiana- and Kentucky-based Midwest POS technology company has been serving the restaurant industry for more than 75 years. Midwest POS is among the first NCR Aloha dealers.
PYMNTS
JUNE 14, 2020
Nistor and the other defendants, including the owner of a car wash, pled guilty in the Eastern District Court of Kentucky. In other news, Vlad-Calin Nistor, former owner of the now-defunct Romanian crypto exchange CoinFlux, was one among 15 defendants who pled guilty to laundering $1.8
Banking Exchange
AUGUST 11, 2021
The $31 million deal will add locations in four counties across the state Management Feature M&A Feature3 Community Banking.
PYMNTS
NOVEMBER 5, 2018
it is available for customers at First Calgary Financial, Essex Bank, Green Dot Bank, Home Federal Bank, Kentucky Bank, Los Alamos National Bank, Poppy Bank and Prospera Credit Union, just to name a few. The service now works with Changzhi Bank in Mainland China. In the U.S.,
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