PYMNTS
FEBRUARY 14, 2020
Meanwhile, a Peter Thiel-backed venture fund , Valar Ventures, lent a hand in a $30 million second round of financing for crypto trading and lending platform BlockFi. BlockFi, based in Jersey City, NJ, will use the money to boost staff and start work on additional projects.
CFPB Monitor
SEPTEMBER 23, 2021
The Department of Justice announced earlier this week that it has entered into a consent order with the New Jersey Higher Education Student Assistance Authority (HESAA) to settle the DOJ’s claim that HESAA violated the Servicemembers Civil Relief Act (SCRA) by obtaining unlawful court judgments against two military servicemembers for amounts owed on (..)
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Independent Banker
JUNE 30, 2022
Here, we highlight some of last year’s most successful loan producers in the areas of agriculture, commercial and consumer/mortgage lending. The score combines the average of the bank’s percentile rank for lending concentration and for loan growth over the past year in each lending category. By Ed Avis. Methodology. AGRICULTURE.
CFPB Monitor
FEBRUARY 17, 2015
The 20 th Annual Consumer Financial Services Institute, sponsored by the Practising Law Institute, will take place on April 6-7, 2015 in New York City (and by live webcast and groupcast in Cleveland, Philadelphia, Pittsburgh, Mechanicsburg, PA and New Brunswick, NJ) and on April 27-28, 2015 in Chicago.
CFPB Monitor
SEPTEMBER 25, 2015
The joint complaint filed by the CFPB and DOJ in federal district court in New Jersey states that the action resulted from a joint investigation by the agencies of the bank’s lending practices following the CFPB’s referral of the bank to the DOJ pursuant to the ECOA. The proposed consent order requires the bank to pay a $5.5
Jeff For Banks
FEBRUARY 17, 2010
I recently spoke at a NJ Bankers Association event about the things I learned this recession (see blog post regarding subject). Commercial real estate lending was the common profit driver for banks and thrifts. In spite of increased provisions for loan losses, commercial real estate lending continues to drive profits in the industry.
Jeff For Banks
JULY 22, 2013
Bank SVP: the mortgage lending business is like a shark. NJ Banker and West Pointer Norm Beatty quotes Stonewall Jackson: "Never take counsel of your fear." Bank Exec: The mortgage business only has a 30-day business plan. Ever speak to the head of a mortgage origination shop? You have to keep swimming to breath. Which is unfortunate.
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