Abrigo
FEBRUARY 24, 2020
Despite Federal ambiguity, Illinois State Regulators defined their stances on cannabis banking. Compliance and anti-money laundering (AML) is going green… or is it? While marijuana is legal in the state of Illinois, it remains illegal at the federal level. Illinois State Banking Regulators. If so, how do you bank them?
Independent Banker
NOVEMBER 30, 2021
Premium benefits packages, professional development and TLC during the pandemic—this year’s winners do everything in their power to keep their community bankers happy and fulfilled. We asked both leaders and staffers to tell us what makes their community banks stand out as employers. Key Community Bank: Leading by example.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Independent Banker
SEPTEMBER 30, 2021
But for most community banks, building a trustworthy brand isn’t a conscious effort. So first, we’ll look at how two community banks have become trusted pillars of the community through charity work and good old?fashioned billion-asset community bank. Build your community. It’s in their DNA.
CFPB Monitor
NOVEMBER 16, 2021
6247-A) to the New York Community Reinvestment Act (NYCRA) that expand the NYCRA’s coverage to non-depository mortgage lenders. New York now joins a small group of states, including Illinois and Massachusetts, that apply CRA-type laws to non-depository mortgage lenders. The amendments are effective November 1, 2022.
CFPB Monitor
OCTOBER 25, 2022
Under the settlement, Rhinebeck will pay a $950,000 civil money penalty, provide restitution to borrowers, and develop a compliance plan which includes updates to its auto policies to cap dealer markups on installment contracts purchased by the bank.
PYMNTS
DECEMBER 30, 2019
The new jumble of state-level and municipal taxation has further obscured already confusing Internet sales tax compliance. Similarly, Illinois is eying close to $400 million in new annual sales tax revenue on ecommerce items shipped into the state. If you ever wonder what causes internet billionaires to lose sleep … this’ll do it.
PYMNTS
MARCH 25, 2019
A federal judge late last week ordered a stay on the August 2019 compliance date tied to the “ payday lending rule ” mandated roughly two years ago by the Consumer Financial Protection Bureau (CFPB). The CFPB had asked the court to wait until a separate case had been decided. This is still illegal federally.”
Expert insights. Personalized for you.
195 
Let's personalize your content