PYMNTS

FEBRUARY 15, 2018

Through the Conference of State Bank Supervisors, Georgia, Illinois, Kansas, Massachusetts, Texas, Tennessee and Washington are looking to standardize the ways firms across traditional financial services and FinTech upstarts apply for, and are granted, licenses. Can the states make licensing – of the money movement kind – any easier?

Washington 101

Washington Regulation Conference Fintech 101

PYMNTS

MARCH 15, 2018

On Wednesday (March 14), the Senate passed legislation that would loosen the regulations placed on financial companies after the Great Recession, with the bill gaining bipartisan support. With the bill, more than two dozen banks will be relieved of regulations that were placed on them under the Dodd-Frank Act.

Idaho 133

Idaho Regulation Massachusetts Washington 133

American Banker

APRIL 12, 2020

In blue states in particular, governors and attorneys general are taking up the mantle of consumer protection during the coronavirus emergency, effectively adding another layer of regulation to the patchwork of state and federal oversight.

Regulation 93

Regulation Pennsylvania Massachusetts California 93

PYMNTS

APRIL 17, 2019

The funding also included participation from existing investors Synchrony, MassMutual Ventures, Massachusetts Mutual Life Insurance Company and Wellington Management. “For example, in lending, it’s striking that, today, five times more loan applications are approved in-person than online, despite creditworthiness.

Fraud 116

Fraud Massachusetts Maine Lending 116

PYMNTS

NOVEMBER 27, 2017

The same unit in March agreed to fork over $22 million as part of an inquiry by the Massachusetts Attorney General over subprime auto loan securitizations. The same unit in March agreed to fork over $22 million as part of an inquiry by the Massachusetts Attorney General over subprime auto loan securitizations.

Massachusetts 101

Massachusetts Lending Policies Compliance 101

PYMNTS

SEPTEMBER 25, 2020

Massachusetts-based accounts payable (AP) automation technology firm MineralTree Inc. Money transfer organizations have to remain in compliance with regulations or they will encounter sizable penalties or let crime spread. A bank executive sent a memo to the workforce saying that they must not post to social media until 11 a.m.

Maine 153

Maine social media Atlanta Massachusetts 153

CFPB Monitor

APRIL 7, 2020

Mr. Roddy discussed the emergency debt collection regulation issued by the Massachusetts AG and the possibility of state UDAP claims based on collection activities during the crisis.

Massachusetts 78

Massachusetts Compliance Regulation Operations 78

PYMNTS

JUNE 14, 2018

Tight regulations around the legal marijuana industry are barring non-wealthy entrepreneurs from entering the market, according to reports from Forbes on Wednesday (June 13).

Massachusetts 108

Massachusetts Industry Resources Operations 108

CFPB Monitor

NOVEMBER 16, 2021

New York now joins a small group of states, including Illinois and Massachusetts, that apply CRA-type laws to non-depository mortgage lenders. The amendments allow DFS to issue regulations expanding the types of applications and notices for which it will consider such performance when taking action.

New York 78

New York Community Regulation Data 78

PYMNTS

MARCH 31, 2017

That might impact not just office space, but lending activities and even FinTech. Learning experiences have included $185 million in fines and penalties from regulators (including the CFPB) and a few rounds of public excoriation for its executives on Capitol Hill. states — $22 million to Massachusetts and $2.87

Samsung 100

Samsung ATM Massachusetts Fraud 100

PYMNTS

JUNE 27, 2019

“Being in Boston, Massachusetts, I’m much less likely to invest in a restaurant in Oklahoma if the same business was right next to me,” Mathews said. “The aspect of localization creates almost a sense of meritocracy, allowing market validation to be moved much earlier in the process, and aligned with fundraising.”

Capital 145

Capital Community Oklahoma Maine 145

CFPB Monitor

AUGUST 4, 2022

Three Republican House members sent a letter last week to CFPB Director Chopra raising questions about the Bureau’s relationship with state attorneys general and its interpretive rule issued in May 2022 regarding the authority of state attorneys general and state regulators (State Officials) to enforce the Consumer Financial Protection Act (CFPA).

Regulation 78

Regulation Massachusetts Exercises Resources 78

CFPB Monitor

JANUARY 12, 2021

The Taskforce was charged with examining the existing legal and regulatory environment for consumers and financial services providers and making recommendations to the Bureau’s leadership for improving consumer financial laws and regulations. The report consists of two volumes. Equal access to credit.

Report 78

Report Regulation Policies Compliance 78

PYMNTS

NOVEMBER 8, 2017

It’s heavily regulated, only customers of a certain age can buy it – and the sale of it is governed by a three-tiered system wherein producers can only sell to wholesalers, who can only sell to retailers, who are the only ones allowed to sell to consumers. Delivering booze is a tough business.

Retail 101

Retail Regulation Compliance Massachusetts 101

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. In December 2013, the CFPB filed a lawsuit in Massachusetts federal court against CashCall, several related companies and their principal.

Minnesota 60

Minnesota Delaware Massachusetts New York 60

Jeff For Banks

OCTOBER 19, 2012

It seems to me that reducing burdensome regulations and not implementing harsher capital requirements would be more effective alternatives to incentivize lending than pushing all yields toward zero while buying up all of our bonds. I know I risk sounding like Charles Plosser, but so be it.

National 78

National Security US Massachusetts 78

William Mills

SEPTEMBER 12, 2017

An industry leader in lending and benchmarking solutions for financial institutions. They are based in Massachusetts so I bet they came out of MIT. PromonTech has a vision of a mortgage industry that is transparent, efficient and understandable for all: borrowers, lenders, regulators and investors. afs_vision. They have raised.83

Samsung 70

Samsung Mobile User Experience Google 70

CFPB Monitor

OCTOBER 27, 2020

On October 25, a Massachusetts federal district court entered a preliminary injunction staying and postponing the effective date of the final rule issued by HUD last month (“2020 Rule”) revising its 2013 Fair Housing Act disparate impact standards (“2013 Rule”). in their lawsuit filed against HUD on September 28.

Massachusetts 78

Massachusetts Policies Community Connecticut 78

Fintech Labs Insights

AUGUST 8, 2016

HQ: Boston, Massachusetts. Tags: Institutions, underwriting, commercial lending, loans, information, BI, API. Total raised: $3.25 Source: Crunchbase. Compliance Science. Compliance platform for financial institutions. Latest round: $2.9 Total raised: $11.2 HQ: New York City. Source: FT Partners. Commercial credit ratings.

Company 12

Company Fintech New York City blockchain 12

PYMNTS

DECEMBER 4, 2019

Elizabeth Warren (D-Massachusetts) gets into the White House, it is expected that the finance industry – bank mergers in particular – will be put under a microscope, The New York Times reported on Wednesday (Dec. It was approved due to Trump’s rollback of regulations in 2018. If presidential hopeful Sen.

Illinois 100

Illinois Massachusetts New York Industry 100

CFPB Monitor

JANUARY 7, 2021

However, the AG plaintiffs in the new lawsuit instead view the Rule as “an unlawful attempt” by the OCC to “facilitate predatory lending” and support “rent-a bank schemes.”. The OCC anticipated and refuted many of the Complaint’s allegations in the Supplementary Information published with the final Rule.

District of Columbia 78

District of Columbia North Carolina New York Policies 78

Gonzobanker

DECEMBER 14, 2023

Lifetime Achievement Award (Bank) Cambridge Savings CEO Wayne Patenaude looks to end a long and successful career at one of Massachusetts’ 10 largest banks. The Bank Regulator Working for Merchants Award! Seems like maybe this has been forgotten when it comes to these regulations. This award must go to the Federal Reserve.

Fintech 195

Fintech Community Regional Technology 195

CFPB Monitor

SEPTEMBER 13, 2018

57, disapproving of the CFPB’s Bulletin 2013-2 regarding “Indirect Auto Lending and Compliance with the Equal Credit Opportunity Act.” They assert that action by the CFPB in derogation of those regulations would violate the Administrative Procedure Act.

Rhode Island 60

Rhode Island District of Columbia North Carolina Vermont 60

Gonzobanker

DECEMBER 19, 2017

Heavy-handed regulators. Seriously, sit back with a pocket flask of Pappy Van Winkle, smoke a cigar (or your combustible of choice if you live in Colorado, California, Washington, Oregon, Nevada, Main or Massachusetts) and enjoy the 2017 GonzoBanker Awards. The Real “Lending” Stock Award – Goes to longtime player LendingTree.

Conference 117

Conference Industry Community Bank Community 117

PYMNTS

APRIL 20, 2018

Aiming to fill the void resulting from the Consumer Financial Protection Bureau’s retreat from regulation, states are stepping up and going after big financial companies. The states that have been active include the usual suspects — New York, Illinois, California and Massachusetts.

West Virginia 106

West Virginia Massachusetts New Jersey Connecticut 106

PYMNTS

JANUARY 26, 2018

percent related to prepaid cards and 2 percent to payday lending. The new movement on the pre-paid card rule followed news last week that the CFPB will also take another look at the payday lending rule put into place during Corday’s final days as executive director. Data like that should, and will, guide our actions.” .

Lending 101

Lending Cards Millennials Data 101

PYMNTS

JANUARY 19, 2021

The CFPB, of course, has been tasked with enforcing financial regulations and protecting consumers (settlements in 2019 came in at $777 million). Elizabeth Warren (Democrat of Massachusetts).” Politico also notes that the agency, under Chopra’s stewardship, is likely to have an initial focus on fair lending laws.

Lending 143

Lending Massachusetts Regulation Leadership 143

PYMNTS

OCTOBER 16, 2019

Payday lending practices again came under fire Wednesday (Oct. Ayanna Pressley of Massachusetts introduced new legislation that would require the CFPB to regulate the debt collection industry. Ayanna Pressley of Massachusetts introduced new legislation that would require the CFPB to regulate the debt collection industry.

Lending 109

Lending Massachusetts California Report 109