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Raising up nonprofits

Independent Banker

Members of Ledyard National Bank lend a hand to Willing Hands, a nonprofit dedicated to feeding those in need. For its 30th anniversary, Ledyard National Bank decided to ask 10 local nonprofits to enter a video about their work into a contest for the opportunity to win $10,000 and expand their visibility. By Tiffany Lukk.

Video 91
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CFPB June 2016 complaint report highlights consumer loan complaints, complaints from Arkansas consumers

CFPB Monitor

In addition, in March 2016, the CFPB began taking complaints about marketplace lending and added loans obtained from marketplace lenders to the consumer loan category. The report does not specifically identify any complaints as involving marketplace lending.

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From Farce to Menace

Independent Banker

It’s yet another disturbing proposal from the National Credit Union Administration to bureaucratically finagle its way around Congress and federal law. By Camden R. Fine, President and CEO of ICBA. So here we go again. Basically, all air-breathing mammals in the United States would qualify to be credit union members.

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The 2022 GonzoBanker Awards

Gonzobanker

SoFI gets a commercial bank that brings deposits, compliance, AND business lending. Goes to New England Federal Credit Union and Vermont State Credit Union. Goes to MoneyLion for lots of obvious inappropriate behavior including violating the Military Lending Act regarding capped lending rates. The Generational War Award.

Community 216
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State AGs urge Mulvaney to continue use of disparate impact theory of ECOA liability

CFPB Monitor

57, disapproving of the CFPB’s Bulletin 2013-2 regarding “Indirect Auto Lending and Compliance with the Equal Credit Opportunity Act.” because of race, color, religion, sex, handicap, familial status, or national origin.”. to discriminate against any person.

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Industry trade groups urge HUD to make significant changes to its disparate impact rule; state attorneys general oppose changes

CFPB Monitor

Under the Rule, a practice has a discriminatory effect where it actually or predictably results in a disparate impact on a group of persons or creates, increases, reinforces, or perpetuates segregated housing patterns because of race, color, religion, sex, handicap, familial status, or national origin.

Groups 68
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Banking Is Only The Beginning: 30 Big Industries Blockchain Could Transform

CB Insights

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. Illinois, Vermont, and other states have since announced similar initiatives. Cloud storage .