PYMNTS

JANUARY 5, 2021

The Accion Opportunity Fund , which bills itself as the first organization with a nationally focused, small business microlending strategy, was launched in March 2020 when Opportunity Fund and the Accion U.S. Network teamed up.

San Jose 198

San Jose Lending Community California 198

Independent Banker

AUGUST 31, 2021

ICBA’s National Community Bank Service Award winners for 2021 demonstrate that when their local areas need support, community banks are there with innovative, compassionate and thoughtful responses. The KSB Lends a Hand program took anniversary funds totaling $20,000 and distributed them to more than 100 local organizations. “We

Community Bank 196

Community Bank Community National Fresno 196

CFPB Monitor

SEPTEMBER 10, 2020

In 2019, California enacted AB-539, the Fair Access to Credit Act (FACA), which, effective January 1, 2020, limits the interest rate that can be charged on loans of $2,500 to $10,000 by lenders licensed under the California Financing Law (CFL) to 36% plus the federal funds rate.

Utah 78

Utah California FDIC West Virginia 78

PYMNTS

JULY 16, 2018

New rules may loom for technology providers pertaining to privacy — on a national level. The push comes in the wake of California passing legislation that allows consumers to demand that companies disclose how and why they are collecting data. In the banking sector at large, lenders are lending and shadow banks might be, too.

National 100

National California Regulation United States 100

Payments Source

MARCH 17, 2020

The Australian firm agreed to pay around $1 million in connection with allegations that it broke the law by operating without a license in the nation's largest state.

California 82

California National Operations Industry 82

PYMNTS

FEBRUARY 6, 2020

5) hearing before the House Financial Services Committee , representatives from several consumer groups said “rent-a-bank” schemes harm consumers through predatory lending. In one example, she said Elevate Credit had said it would sidestep California laws that would cap interest rates on loans larger than $2,500. At a Wednesday (Feb.

Utah 130

Utah National California Regulation 130

American Banker

DECEMBER 3, 2023

Maxine Waters pressed executives from City National Bank, PNC Financial Services and Wells Fargo on opening branches in her California district and upholding promises made from recent merger agreements or consent orders.

California 65

California National Policies Compliance 65

American Banker

JULY 21, 2016

Banc of California's second-quarter profits soared on stronger lending and credit quality. billion-asset company increased net income 66% from a year earlier to $26.5 million, it said in a news release Thursday.

California 28

California Lending Company CA 28

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.

Community Bank 172

Community Bank Community National Philadelphia 172

Payments Source

SEPTEMBER 19, 2019

A first-in-the-nation bill that drew unanimous support from the state Senate failed to get over the finish line this year. What happened?

California 64

California National Lending Regulation 64

American Banker

MARCH 22, 2016

California Republic Bancorp, which has been aggressively originating and securitizing auto loans for years, is keen on revving up the engine to expand from a 10-state area to a national platform.

California 28

California National Community Bank Community 28

PYMNTS

DECEMBER 17, 2018

The Federal Reserve began raising interest rates about three years ago from almost zero, and after the financial crisis, many small and regional banks ramped up their lending with long-term and low-rate loans. The Southern National Bancorp of Virginia is now shelling out 2.25

Virginia 144

Virginia Lending New York National 144

Bank Innovation

MARCH 22, 2016

The new auto loan product will initially launch in California, and is expected to be live in Illinois and Georgia by early in the second quarter, with a national rollout expected by the third quarter, according to Avant. Online marketplace lender Avant Inc.

Illinois 150

Illinois Georgia California National 150

American Banker

MARCH 17, 2020

The Australian firm agreed to pay around $1 million in connection with allegations that it broke the law by operating without a license in the nation's largest state.

California 42

California National Operations Industry 42

Bobsguide

FEBRUARY 22, 2022

The core transformation program, titled “FutureCore,” is divided into phases and Consumer Lending for the 7 affiliate banks is the first phase to go live, with other phases to follow. The completion of this consumer lending installation represents our first step toward having a fully integrated core loan and deposit system.

Software 78

Software Wyoming Idaho Nevada 78

PYMNTS

NOVEMBER 29, 2019

Vouch Insurance , which offers insurance to high-growth technology firms through an online platform, said last week that it has raised $45 million in a funding round, and has expanded its service into California. The total raised to date comes in at $70 million.

Policies 191

Policies California United States Management 191

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

CFPB Monitor

FEBRUARY 3, 2020

The scheduled witnesses for Part One are: Monique Limón, Chair, Banking & Finance Committee, California State Assembly. Graciela Aponte-Diaz, Director of Federal Campaigns, Center for Responsible Lending. Lauren Saunders, Associate Director, National Consumer Law Center.

Ohio 78

Ohio Leadership Lending California 78

PYMNTS

NOVEMBER 25, 2019

Mazie Hirono of Hawaii and Dan Sullivan of Alaska entered the bill into consideration earlier this month, and several CU organizations — including the Hawaii and Alaska Credit Union Leagues as well as the Credit Union National Association (CUNA) — have so far praised it. A California Credit Union Keeps its Marketing Efforts Trusted and SAFE.

Alaska 154

Alaska Hawaii California Analytics 154

CFPB Monitor

OCTOBER 25, 2019

The first panel will focus on the current state of, and future outlook for, the small business lending marketplace. The panel will be moderated by Grady Hedgespeth, Assistant Director in the Bureau’s Office of Small Business Lending Markets. Neiman, Head of Regulatory and Government Affairs, Lending Club.

Tampa 60

Tampa Lending California Community 60

CFPB Monitor

AUGUST 3, 2020

Midland Funding , which held that a non-bank that purchased charged-off loans from a national bank could not charge the same rate of interest on the loans that the national bank charged under Section 85 of the National Bank Act (NBA). 1463 applies only to interest that a national bank or federal savings association may charge.

National 78

National New York California Illinois 78

PYMNTS

APRIL 25, 2017

TechCrunch said the fight between states and the OCC centers on a proposal made by the OCC in December, in which it details a program that enables FinTechs to apply for charters to become special purpose national banks. Among the states that have issue with it are New York, Florida, Ohio and California. Take New York as one example.

Fintech 109

Fintech Ohio Florida Oregon 109

CFPB Monitor

FEBRUARY 19, 2021

The Attorneys General of California, Illinois, and New York have filed their opposition to the OCC’s cross-motion for summary judgment in their lawsuit to enjoin the OCC’s final rule (Rule) purporting to override the Second Circuit’s Madden decision as to national banks and federal savings associations.

FDIC 78

FDIC National Illinois Exercises 78

CFPB Monitor

MAY 13, 2021

While HUD asserts that Respondents engaged in illegal and unfair mortgage modification assistance, the basis of the charge alleging violations of the Act is that the Respondents targeted Hispanic mortgage loan borrowers and, thus, violated certain of the Act’s prohibitions against discrimination based on national origin.

Company 78

Company Exercises California National 78

Abrigo

JUNE 25, 2015

In Q1 2015, the Midwest accounted for the largest pocket of lending, with 71 percent of the total farm loans for the quarter ($35 billion). The biggest name in ag lending is unlikely to be a surprise – John Deere Financial FSB. The runner-up lender, Amarillo National Bank, also made a sizable impact for farmers.

Community Bank 150

Community Bank Sacramento Lending Wisconsin 150

CFPB Monitor

MARCH 17, 2020

As previously reported , pursuant to the Economic Growth, Regulatory Relief and Consumer Protection Act (Act) the CFPB is conducting rulemaking to extend Truth in Lending Act ability-to-repay requirements to PACE transactions.). RESPRO), and U.S. Mortgage Insurers.

Industry 78

Industry Missouri Groups Florida 78

Independent Banker

JULY 31, 2022

Featured offerings include commercial banking, commercial real estate lending for both owner-occupied and investment, SBA lending, and deposit and business treasury services. Costello has also held senior roles at Bank of Florida, City National Bank and Nations Bank during his 30-year banking career. Filling a need.

Florida 91

Florida Community Bank Community FDIC 91

CFPB Monitor

NOVEMBER 24, 2021

On November 22, 2021, the CFPB filed its seventh status report with the California federal district court hearing the lawsuit brought by the California Reinvestment Coalition, National Association for Latino Community Asset Builders, and two individual plaintiffs in 2019.

Report 78

Report California Conference Community 78

CFPB Monitor

JANUARY 7, 2021

However, the AG plaintiffs in the new lawsuit instead view the Rule as “an unlawful attempt” by the OCC to “facilitate predatory lending” and support “rent-a bank schemes.”. The OCC anticipated and refuted many of the Complaint’s allegations in the Supplementary Information published with the final Rule.

District of Columbia 78

District of Columbia North Carolina New York Policies 78

PYMNTS

JULY 15, 2019

Analysts note that today, the percentage of professionals working in the agricultural sector remains so low that including them in national jobs calculations would not have a statistically relevant effect on overall analysis. “As Between December 2015 and March 2019, banks pulled back their farm lending by $3.9

FDIC 142

FDIC Analysis Lending Data 142

CFPB Monitor

OCTOBER 11, 2018

At the Online Lending Policy Institute’s (OLPI) annual summit in Washington, D.C. earlier this week, the OCC’s recent decision to accept applications from non-depository financial technology firms for a special purpose national bank (SPNB) charter was the focus of considerable discussion.

Policies 60

Policies Lending Data Online 60

PYMNTS

AUGUST 27, 2019

The American Bankers Association (ABA) implored the National Credit Union Association (NCUA) to withdraw a proposal that would allow federal CUs to have 50 percent of their deposits come from other CUs and government entities, boosting the current 20 percent cap. How California Coast Credit Union is Transforming in the Digital Age.

Data 122

Data Report Los Angeles California 122

PYMNTS

SEPTEMBER 5, 2019

Regulators’ concern over early wage access solutions emerges on the heels of federal regulators also intensifying their scrutiny of payday lending. Just because you access it through an app doesn’t mean it’s not a loan,” warned National Consumer Law Center Associate Director Lauren Saunders, according to recent LifeHacker reports.

Regulation 122

Regulation Lending New York Fintech 122

PYMNTS

MARCH 30, 2020

He pointed to features that lend themselves well to banking on mobile devices. Security is also top of mind for CUs as amendments to California data privacy laws may effectively insulate these FIs from penalties tied to data breaches, owing to CUs’ non-profit status.

Tools 143

Tools Fraud Data Security 143

Abrigo

MARCH 9, 2017

Terms range broadly based on the interests of the bank and the activities and needs of the CDFI—from short term operating lines of credit to long term loans that support a CDFI’s lending to affordable housing and community facilities developers, for example. Department of the Treasury both maintain lists of CDFIs by geography.

Community 246

Community San Francisco Capital Philadelphia 246

CFPB Monitor

FEBRUARY 20, 2020

The California Reinvestment Coalition, which opposes the proposal, issued a statement responding to the agencies’ announcement in which it called the extension “a big win.” As extended by 30 days, the comment period ends on April 8, 2020.

FDIC 78

FDIC Community California National 78

PYMNTS

AUGUST 25, 2016

The company takes a more narrow focus to small business lending than some other FIs by targeting the western U.S. But Clearinghouse CDFI can also offer interesting insight into the state of regulation of small business lending and how greater oversight may impact the SMEs that prop up their local communities. A Regional Reach.

Regulation 100

Regulation Lending Community California 100