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NY DFS announces multistate investigation of payroll advance industry

CFPB Monitor

In its press release, the DFS claims that the investigation will look into “allegations of unlawful online lending” and “will help determine whether these payroll advance practices are usurious and harming consumers.” Under former Director Cordray’s leadership, the CFPB took action against structured settlement and pension advance companies.

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The ICBA 22/23 executive committee is all in

Independent Banker

Treasurer Sarah Getzlaff, CEO, Security First Bank of North Dakota, New Salem, N.D. ICBA executive committee (from left). Vice chairman Lucas White, President, The Fountain Trust Co., Covington, Ind. Secretary Tim Aiken, President and CEO, Union Bank Inc., Middlebourne, W.Va.

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The 2022 GonzoBanker Awards

Gonzobanker

SoFI gets a commercial bank that brings deposits, compliance, AND business lending. It’s hard to understand how Clobes has time in the day to drive her unlimited amount of leadership activities. His passion for innovation, community, culture, and clients provides a leadership template for all future GonzoBankers.

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