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

CFPB Monitor

MAY 6, 2019

The New York Department of Financial Services continues to be one of the most active state regulators and the new structure indicates a strategic focus on consumer financial services and the prioritization of enforcement as a preferred regulatory tool. 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 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.

Nevada 60

Nevada New Jersey Pennsylvania Lending 60

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. 3) grants Congress the power “[t]o regulate Commerce. The Commerce Clause (U.S. I, § 8, cl.

Indiana 78

Indiana Minnesota Pennsylvania South Dakota 78

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

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

CFPB Monitor

JULY 11, 2022

When the Truth in Lending Act became law in 1969, the Federal Reserve Board soon thereafter promulgated its implementing regulation, Regulation Z. The Fed subsequently began using Official Staff Commentaries for the other consumer finance regulations that it was charged with interpreting.

Regulation 78

Regulation Meeting Pennsylvania Compliance 78

CFPB Monitor

SEPTEMBER 10, 2020

The DBO indicated that it “is investigating whether LoanMart’s role in the arrangement is so extensive as to require compliance with California’s lending laws. While several states oppose the preemption of state usury laws in the context of bank/nonbank partnerships, federal banking regulators have taken a different stance.

Utah 78

Utah California FDIC West Virginia 78

Jeff For Banks

NOVEMBER 24, 2019

September 1st, 1999, regulators from the Federal Deposit Insurance Corp, at the behest of the Office of the Comptroller of the Currency, descended on a small coal mining town in Keystone, West Virginia. Clearly, blue-suit regulators stood out. The Bank's Rise McConnell came to the bank in 1977 from McKeesport, Pennsylvania.

National 78

National West Virginia Virginia Pennsylvania 78

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

Jeff For Banks

JUNE 30, 2017

Professor of city and regional planning at the University of Pennsylvania. For example, the securitizing of the residential lending business moved most of that business away from banks to mortgage bankers and brokers, that far and away were the culprits behind preying on the underbanked. She admits that regulation stifles innovation.

America 60

America Report Pennsylvania Regulation 60

CFPB Monitor

AUGUST 26, 2016

The Chamber of Commerce of the United States of America (Chamber) has filed an amicus brief opposing the CFPB’s petition filed in the Eastern District of Pennsylvania to enforce its civil investigative demand (CID) issued to J.G. Wentworth, LLC (JGW). The CFPB has filed an appeal with the D.C. Circuit Court of Appeals.

Pennsylvania 60

Pennsylvania United States Lending Retail 60

Gonzobanker

DECEMBER 14, 2023

Importantly, Jeff’s contributions to the credit union industry and the Pennsylvania community are simply too long to list. 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 191

Fintech Community Regional Technology 191

Jeff For Banks

SEPTEMBER 13, 2011

The rest of this post goes to our number 3 bank: #3: ESB Financial Corporation (Nasdaq: ESBF) of Ellwood City, Pennsylvania ESB started in 1915 as the Ellwood Federal Savings and Loan in Ellwood City. ESB does traditional mortgage lending, with some commercial real estate too, funded by retail deposits with a heavy dose of CDs.

Arkansas 64

Arkansas Charlotte Pennsylvania Management 64

Fintech Labs Insights

JANUARY 7, 2016

HQ: Philadelphia, Pennsylvania. HQ: Trieste, Tags: SMB, credit, lending, trade financing, underwriting, commerce. Tags: Enterprise, compliance, social media, regulations, marketing, Finovate alum. Here are the deals by size from 26 Dec to 31 Dec 2015: Weijinsuo. Person-to-person lender . Latest round: $46 million Series A.

St. Louis 12

St. Louis social media Company Fintech 12

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

CB Insights

OCTOBER 29, 2018

The housing bubble bursting that same year had the opposite effect and various penalties and real estate losses relating to Countrywide’s lending practices ended up costing BofA about $40B, all told. New York Central and Pennsylvania Railroad. ” 11. By 1994, Sony had written off $2.7B Date: February 1, 1968. super-company.

Google 76

Google Software Company Innovation 76

Fintech Labs Insights

APRIL 4, 2016

HQ: Fort Washington, Pennsylvania. Tags: Consumer, lending, loans, mortgage, investing, peer-to-peer, crowdfunding. HQ: California City, California. Source: Crunchbase. PayItSimple consumer credit service. Latest round: $22.5 million ($56 million valuation). Total raised: Unknown. HQ: New York City. Source: FT Partners. LoanLogics.

New York City 12

New York City Company Fintech California 12

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. Under his charge, the CFPB has halted all new actions and started to walk back some of the stricter rules and enforcement against the financial services industry.

West Virginia 106

West Virginia Massachusetts New Jersey Connecticut 106

CFPB Monitor

APRIL 26, 2022

In the past several years, we have seen a number of states enact mini-CFPBs to fill the “regulatory void” many feared during the Trump Administration, including California, New York, New Jersey, Maryland, Pennsylvania, and Virginia. The procedures allow a nonbank to consent to CFPB supervision at any time.

New Jersey 146

New Jersey Maryland Pennsylvania Virginia 146

Gonzobanker

DECEMBER 19, 2024

Regulation was as burdensome as ever, but most bankers are lighting candles for some relief on this front with the new administration. Award goes to a rising stable of robo-advisor wealth tech firms marketed to regulated depository institutions to defend against established challengers like Robinhood and Betterment. billion today.

Fraud 88

Fraud Fintech Marketing Industry 88

CFPB Monitor

JUNE 15, 2022

The letter explains that although states have tools for going after these lending arrangements, such tools are more costly to employ and less likely to be effective than typical enforcement authorities provided to state financial regulators. Maryland, New York, North Carolina, Ohio, Pennsylvania, West Virginia, and Colorado.

FDIC 78

FDIC California West Virginia North Carolina 78

Gonzobanker

DECEMBER 20, 2018

Goes to Greg Smith, retiring CEO of Pennsylvania State Employees Credit Union. This award goes to Ally Bank ’s mind-numbingly fast growth in its auto lending unit. According to BankRegData, Ally has grown its auto lending portfolio by 68% since 4Q15. We hope we see you on the green boys! Pedal to the Metal Award.

Fintech 100

Fintech Conference Innovation Community 100

Gonzobanker

DECEMBER 19, 2016

Maybe a regulator was out sick or on maternity leave, but this is one crawling bureaucratic nightmare. Sale of the Year – Scott Custer, Terry Earley and the gang at Yadkin Bank for their successful sale to FNB Pennsylvania and the creation of a new regional power in the Mid-Atlantic and Southern states. Check it out on YouTube.

Utah 60

Utah System Community Marketing 60

Gonzobanker

DECEMBER 19, 2016

Maybe a regulator was out sick or on maternity leave, but this is one crawling bureaucratic nightmare. Sale of the Year – Scott Custer, Terry Earley and the gang at Yadkin Bank for their successful sale to FNB Pennsylvania and the creation of a new regional power in the Mid-Atlantic and Southern states. Check it out on YouTube.

Utah 60

Utah System Community Marketing 60