CFPB Monitor

OCTOBER 31, 2018

HMDA data was recently used by a Connecticut fair housing advocacy groups to support redlining claims in a lawsuit filed in Connecticut federal district court alleging that a bank had engaged in discriminatory mortgage lending in violation of the federal Fair Housing Act.

Pennsylvania 68

Pennsylvania Philadelphia Connecticut Iowa 68

American Banker

AUGUST 23, 2022

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Pennsylvania 74

Pennsylvania Lending Community Bank cryptocurrency 74

PYMNTS

NOVEMBER 13, 2018

Among the names joining up are Citizens & Northern Bank (based in Pennsylvania), Inland Bank (Illinois) and Lincoln Savings Bank (Iowa). This time around, Sweetbridge is using blockchain in a lending context. The company is trialing token-based asset lending through the next two years and covering 10,000 state residents.

Community Bank 183

Community Bank Community Fintech Arizona 183

Abrigo

JANUARY 15, 2015

In the spirit of the go local movement, new data from Sageworks Bank Information peeked in on 10 cities to see which community banks were making an impact on local mortgage lending. • Pittsburgh, Pennsylvania – Dollar Bank ($3.97 Another home lending specialist, about 61 percent of the bank’s total assets ($1.56

Cleveland 150

Cleveland Detroit Michigan Community Bank 150

PYMNTS

JULY 3, 2019

The latest to do so is Provident Financial , a New Jersey-based bank providing consumer and business banking services in New Jersey and Pennsylvania. Reports in American Banker on Tuesday (July 2) said the bank is collaborating with alternative small business lending company Fundation to strengthen its SMB lending position. “We

Community Bank 116

Community Bank Community Fintech New Jersey 116

CFPB Monitor

OCTOBER 4, 2022

The key allegations in the DOJ’s complaint are the following: During the relevant time period (2015-2021), the Newark, New Jersey-Pennsylvania Metro Division (Newark MD) as delineated in 2015 included Essex, Somerset, Union, Sussex, and Morris counties in New Jersey (Newark Lending Area). unlikely to be caused by chance) and sizeable.

New Jersey 147

New Jersey Lending Community National 147

PYMNTS

OCTOBER 22, 2018

22) that it will buy Pennsylvania-based JetPay , “a provider of end-to-end payment processing and human capital management solutions,” according to a statement. NCR is expanding further into payments. based firm said Monday (Oct. based small business clients.

Payments 136

Payments Pennsylvania Capital Strategy 136

PYMNTS

MARCH 13, 2019

Louis, Missouri; Pittsburgh, Pennsylvania; Kansas City, Kansas and Greenville, South Carolina, among others. The bank said about 30 percent of the branches will be in low or moderately low income communities. The new locations will include Charlotte, North Carolina; St.

St. Louis 145

St. Louis US South Carolina North Carolina 145

PYMNTS

JANUARY 29, 2020

As online lending platforms proliferate among the SMB borrowing community, however, experts warn that a lack of regulation means these companies rarely publicly reveal interest rates and fees. “We have seen small businesses destroyed by online lending.” “We have seen small businesses destroyed by online lending.”

Lending 136

Lending New York Online New Jersey 136

PYMNTS

OCTOBER 7, 2019

New scrutiny has hit a Pennsylvania public transport authority, SEPTA, with sources telling The Philadelphia Inquirer that allegations of fraud have led to involvement by the Federal Bureau of Investigation. percent of overall revenue to lending fraud, that figure jumps as high as 5.8 Mixing Internal and Internal Fraud.

Fraud 157

Fraud Philadelphia Pennsylvania Lending 157

PYMNTS

SEPTEMBER 24, 2018

In Pennsylvania, for example, Wells Fargo , PNC and Citizens are the leading banks. ” As a result of the branch openings, JPMorgan said it will hire as many as 300 employees for the Philadelphia branches and will put $3 billion for mortgages and small business lending in the area. .” JPMorgan is the largest U.S.

Philadelphia 133

Philadelphia Trends Delaware New Jersey 133

PYMNTS

JUNE 27, 2017

Depending on which figures one uses, 3 percent to 5 percent of American consumers view payday lending or associated non-bank financial services like check cashing favorably. So everyone hates payday lending and views check cashing as inherently suspicious and predatory. Well, almost everyone.

Lending 154

Lending New York ATM Pennsylvania 154

South State Correspondent

MAY 23, 2023

Lending is getting riskier. As can be seen, the consumer is starting to feel the credit shock first while commercial lending is still performing. The Midwest continues to perform the best, followed by Pennsylvania. Minnesota, North Dakota, and Iowa were the least risky states to lend into. This quarter, it is 2.58%.

Trends 195

Trends Minnesota North Dakota Arizona 195

PYMNTS

APRIL 29, 2020

Stephen Weinstock, the owner of two Harrisburg, Pennsylvania restaurants, told the FT he was approved for an $185,000 PPP loan, but that was before he discovered how to qualify for forgiveness. “It Still, Mick Owens, a restaurant owner in Lancaster, Pennsylvania, said he’s made good use of his $700,000 in PPP funds.

Meeting 150

Meeting Pennsylvania US New York 150

PYMNTS

JULY 21, 2020

Meanwhile, Wirecard is seeking buyers for its European operation and Wirecard Bank, its lending operation, Reuters sources said. in Pennsylvania, a company that is separate from Wirecard AG, hired an investment bank to manage its sale. Late last month, Wirecard North America Inc.

Pennsylvania 140

Pennsylvania New York Operations Fraud 140

American Banker

AUGUST 6, 2020

Spinning off its digital bank will allow Pennsylvania-based Customers to beef up its commercial lending and buy other banks. BankMobile, meanwhile, plans to pursue more white-label relationships and perhaps explore its own acquisitions.

Pennsylvania 74

Pennsylvania Company Lending Digital Banking 74

Jeff For Banks

APRIL 4, 2010

And so it went in Hallstead, growing gradually, as towns tended to do in rural Pennsylvania, with bank loans funded by local depositors supporting the growth. They take deposits from us and our neighbors, and lend it to us and our neighbors. They helped our communities thrive, deal with tough times, and thrive again.

Community Bank 60

Community Bank Pennsylvania National Community 60

ABA Community Banking

JUNE 3, 2020

Luke Bernstein, EVP at Orrstown Bank in Orrstown, Pennsylvania, discusses his bank's PPP lending. Through the Small Business Administration's Paycheck Protection Program, banks delivered the biggest economic rescue program in U.S.

Community 71

Community Pennsylvania Community Bank Lending 71

Jeff For Banks

OCTOBER 3, 2015

Glenn Moyer, the former Secretary of the Pennsylvania Department of Banking and Securities (pictured), spoke at a banking industry event this past week. Imagine an examiner coming into the next exam to find that you suddenly entered into reverse mortgage lending and the portfolio has grown faster than all others. He rolled with it.

Pennsylvania 60

Pennsylvania Regulation How To Management 60

South State Correspondent

MAY 9, 2024

The Midwest continues to perform the best, followed by Pennsylvania. However, as banks tighten lending (as evidenced by the latest Senior Loan Officer Opinion Survey ), banks have stopped lending to many risky sectors. Banks are more leveraged than the average hedge fund, and lending decisions have outsized consequences.

Data 195

Data Trends North Dakota Capital 195

Jeff For Banks

JANUARY 28, 2012

The results were surprising to the client and helped them to peel back the onion further to uncover opportunities to increase production and reduce per-unit costs in their residential lending unit. For example, volumes were down in my home state of Pennsylvania from 2009 through 2010, the latest year HMDA data is available.

Marketing 81

Marketing Pennsylvania Lending Community 81

CFPB Monitor

MAY 6, 2019

New York is the second state to create a “mini” CFPB, following Pennsylvania.

New York 90

New York Pennsylvania Compliance Lending 90

CFPB Monitor

OCTOBER 17, 2022

In a recent press release , the Pennsylvania Attorney General announced that settlements have been reached with Delaware and Florida lenders who made allegedly usurious loans to Pennsylvania residents. In apparent support of the settlement, the press release cites the Third Circuit’s decision in TitleMax of Delaware, Inc.

Indiana 78

Indiana Minnesota Pennsylvania South Dakota 78

CFPB Monitor

OCTOBER 12, 2020

Topics will include credit card and payments regulation, fair lending, Fintech developments, enforcement developments, student and mortgage lending and servicing issues, debt collection, Community Reinvestment Act rules, and anti-money laundering. More information, including how to register, will be available in the coming weeks.

Nevada 60

Nevada New Jersey Pennsylvania Lending 60

CFPB Monitor

JUNE 20, 2016

Alternatively, the CFPB asserted that the purchases may be extensions of credit subject to the Truth in Lending Act (“TILA”). In response, the CFPB filed a petition to enforce the CID in the Eastern District of Pennsylvania on June 7, 2016. did this spring and as the Eastern District of Pennsylvania now has the opportunity to do.

Pennsylvania 79

Pennsylvania Lending Examples Regulation 79

PYMNTS

MARCH 6, 2019

Javice, a University of Pennsylvania graduate whose career started in banking, began her entrepreneurial quest by looking at credit and designing a lending product to help alleviate the stresses and difficulties students encounter as they attempt to fund their educations. And there are 44 million students carrying $1.5

Pennsylvania 116

Pennsylvania Lending Taxes Payments 116

South State Correspondent

SEPTEMBER 20, 2023

For example, if you are a bank in California, Florida, New York, or Pennsylvania, going after private schools, colleges, or insurance companies should be considered due to not only the large number of target institutions but also the size of those institutions, which lends itself to having multiple banks.

Management 195

Management Survey Industry Community Bank 195

American Banker

MARCH 26, 2021

Matthew Gehman will take the helm at the Lancaster, Pa., institution on April 1, succeeding W. Kent Hartzler, who has been CEO since 2007. ]].

Lending 81

Lending Pennsylvania 81

American Banker

APRIL 14, 2020

The Pennsylvania company said it faces $7.5 million in potential exposure from a commercial lending relationship.

Pennsylvania 38

Pennsylvania Fraud Lending Company 38

Jeff For Banks

NOVEMBER 14, 2010

I''m talking about First Commonwealth Financial Corporation ("FCF") and S&T Bancorp ("S&T") of Indiana, Pennsylvania. Most readers have no idea where on a map you can find Indiana, Pennsylvania. So both institutions determined in the conference rooms in the executive suite to expand lending beyond their geography.

Indiana 65

Indiana Pennsylvania Alabama Philadelphia 65

PYMNTS

MAY 28, 2018

“Disruptive FinTech startups not long ago were thought to threaten important revenue streams of even the biggest financial institutions,” reads a report released in late April by the Wharton School of the University of Pennsylvania. But they are now pursuing business models based on collaboration with banks or even being acquired by them.”.

Fintech 100

Fintech Examples Pennsylvania Lending 100

American Banker

DECEMBER 10, 2020

The Pittsburgh company also sold a portfolio of indirect auto loans and repaid a large amount of Federal Home Loan Bank borrowings.

Pennsylvania 41

Pennsylvania Company Lending 41

American Banker

NOVEMBER 23, 2016

The Pennsylvania company has redoubled its outreach to low- and moderate-income consumers by partnering with Operation Hope on a down payment assistance program and naming a veteran banker to the newly created post of director of fair and responsible banking.

Lending 28

Lending Pennsylvania Operations Payments 28

American Banker

MAY 13, 2024

Quaint Oak Bancorp sold its majority stake in an equipment lender less than two years after the partnership helped drive record profits at the Southampton-based company.

Pennsylvania 41

Pennsylvania Company Community Bank Community 41

CB Insights

NOVEMBER 6, 2019

Collectively, these startups have raised over $9.5B, with leading companies including lending startup Avant (Illinois, $655M in total disclosed equity funding), next-gen auto insurer Root Insurance (Ohio, $509M), restaurant finances management system Toast (Massachusetts, $503M), and small business lending startup Kabbage (Georgia, $490M).

United States 72

United States Fintech North Carolina Rhode Island 72

CFPB Monitor

FEBRUARY 6, 2020

The Bureau’s press release states that the proposed consent order is part of “the global resolution of the Think Finance Entities’ bankruptcy proceeding…which includes settlements with the Pennsylvania Attorney General’s Office and private litigants in a nationwide consumer class action.

South Dakota 78

South Dakota North Carolina Company New Hampshire 78

CB Insights

MARCH 13, 2019

valuation), Nuro ($2.7B), alternative lending startup Avant ($1.9B), AI-powered predictive sales acceleration platform InsideSales.com ($1.7B), salestech startup Afiniti ($1.6B), healthcare startup Butterfly Network ($1.3B), and data analytics company Dataminr ($1.2B). Pennsylvania. New Mexico. Descartes Labs. North Carolina.

United States 78

United States Rhode Island Massachusetts Connecticut 78