CFPB Monitor

OCTOBER 24, 2023

The Department of Justice (DOJ) announced a settlement agreement with Washington Trust Company, of Westerly (WTC) to resolve claims that WTC redlined majority Black and Hispanic neighborhoods in Rhode Island. for its peer lenders, and on average 46.5% for its peer lenders, and on average 46.5%

Rhode Island 158

Rhode Island Washington Community Marketing 158

Abrigo

MAY 15, 2020

The Department of Justice (DOJ) recently charged two businessmen in Rhode Island with fraudulently seeking PPP loans, the first in the country linked to the loan program. In the case of the two men in Rhode Island, there were several red flags pointing to fraud. Lending & Credit Risk. Member Business Lending.

Lending 195

Lending Rhode Island Fraud Los Angeles 195

PYMNTS

JANUARY 31, 2020

30) against Citizens Bank over alleged violations of the Truth In Lending Act (TILA). District Court for the District of Rhode Island. Meanwhile, states are pursuing their own agendas, with both New York and California pursuing new regulations against debt collectors. It filed the complaint in the U.S.

Rhode Island 116

Rhode Island Lending Cards New York 116

American Banker

SEPTEMBER 27, 2023

based Washington Trust over race-based lending discrimination and redlining in the state, saying the bank denied lending services to Black and Hispanic neighborhoods from 2016 to 2021. The Department of Justice reached a $9 million settlement Wednesday with Westerly, R.I.-based

Rhode Island 68

Rhode Island Washington Lending Compliance 68

PYMNTS

SEPTEMBER 9, 2019

David Cicilline of Rhode Island, who serves as subcommittee chairman. Take the tech sector: You have seen a lot of innovation, but you also have platforms with network effects that lend themselves to scale.”. We certainly would not want to regulate technology the same way we regulate municipal water.”.

Rhode Island 189

Rhode Island District of Columbia Google North Carolina 189

American Banker

MARCH 4, 2025

Liquidation would close out a five-year drama that began when regulators cited the bank for SBA lending irregularities. Independence Bank can cease operations once it satisfies the conditions in an FDIC consent order.

Rhode Island 36

Rhode Island FDIC Lending Regulation 36

American Banker

OCTOBER 18, 2023

The Rhode Island-based bank is bolstering its cash position in the face of worries about office loans, stricter capital requirements for regional lenders and the possibility of economic shock from overseas conflicts.

Rhode Island 48

Rhode Island Regulation Regional Capital 48