PYMNTS

JULY 24, 2019

Stephen Lynch of Massachusetts pointed to the fact as many as 740 branches of the banks are within two miles of one another — and he raised concerns about branch closings and job losses. Community banks and credit unions are likely to go out of business, he said, “and they do not have the money to launch these mobile banking platforms.”

Community 130

Community Massachusetts United States California 130

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.

New York 78

New York Community Regulation Data 78

PYMNTS

MARCH 26, 2020

Each week, PYMNTS will round up some of the latest initiatives from governments, banks and FinTechs around the world to lend support for small businesses struggling as a result of the coronavirus. SMBs in supplement to separate measures, like the British Business Bank Coronavirus Business Interruption lending Scheme.

Payments 173

Payments Pennsylvania Kansas City Wyoming 173

Abrigo

DECEMBER 26, 2014

Utilizing the Bank Information platform, Sageworks recently released a ranking of the top mortgage lending credit unions in the U.S. In a lending segment once cornered by banks, credit unions are making an impact for those looking to purchase their own home. Bruemmer, executive vice president for Landmark Credit Union.

Regional 186

Regional Milwaukee Lending Washington 186

PYMNTS

JUNE 15, 2020

While our lending business has served Main Street small businesses for years, we knew that as our sellers and their communities were facing deep economic uncertainty, we could play a meaningful role in disbursing stimulus funds,” said Jacqueline Reses , the head of Square Capital, in a statement.

Capital 141

Capital San Francisco New Jersey Massachusetts 141

American Banker

MAY 18, 2016

A study commissioned by the Massachusetts Bankers Association found a correlation between a spike in credit unions with low-income designations and an increase in member business lending in the state.

Lending 31

Lending Massachusetts Study Community Bank 31

American Banker

SEPTEMBER 12, 2016

Cambridge Bancorp in Massachusetts has recruited two finance executives to spearhead its new asset-based lending practice.

Lending 28

Lending Massachusetts Community Bank Community 28

PYMNTS

JUNE 27, 2019

Exploring the importance of the small business through the lens of its immediate community is a critical component of promoting education among entrepreneurs. According to Mathews, MainVest aims to encourage local investors to invest in businesses of their own community. This is beneficial in more ways than one, he noted.

Capital 145

Capital Community Oklahoma Maine 145

Payments Source

JANUARY 9, 2017

Eastern Bank in Boston has hired a former Citi Cards executive to oversee its consumer-lending business.

Lending 60

Lending Cards Boston Massachusetts 60

American Banker

MARCH 11, 2016

Berkshire Hills Bancorp in Massachusetts invested in technology to beef up its small business lending, an area ripe for the picking by alternative lenders.

Massachusetts 28

Massachusetts Online Lending Technology 28

American Banker

OCTOBER 12, 2016

Hingham Institution for Savings in Massachusetts said a double-digit spike in lending contributed to a strong third quarter.

Massachusetts 28

Massachusetts Lending Community Bank Community 28

Jeff For Banks

SEPTEMBER 13, 2015

Selection: Mitch Englert, EVP of Community Banking, Capital City Bank Group, Inc. The Wide Receiver/Chief Lending Officer Criteria: I searched for banks with the best yield on loans coupled with excellent asset quality as represented by NPAs/Assets. They "received" their funds, and lent it into their communities.

Community Bank 60

Community Bank Lending Community Security 60

Jeff For Banks

MARCH 3, 2018

Six years ago I asked in a blog post Will Plain Vanilla Kill Community Banking ? billion in assets Massachusetts bank developed Zrent so it's landlord customers could more efficiently collect rent from tenants. Did I get caught up in the change-or-die crowd? Was I, gulp, a futurist? Leader Bank - A $1.2

Apple 67

Apple Millennials Massachusetts FDIC 67

CFPB Monitor

JANUARY 12, 2021

The Taskforce identified the following three “overarching principles” as animating its drafting of the report: Consumer protection policy should be particularly attentive to the consequences for inclusion and access by previously underserved communities. Fintech regulation. Small dollar credit.

Report 78

Report Regulation Policies Compliance 78

Jeff For Banks

MAY 9, 2019

And easier is what me and my colleagues hunt for when we do process improvement projects at community financial institutions. The ability to deliver community banking services in the manner desired by your customers. It did take 15 minutes to get the relatively simple task done. Making me wonder: shouldn't this be easier? Believe me.

Survey 60

Survey Community Community Bank Resources 60

CFPB Monitor

OCTOBER 27, 2020

On October 25, a Massachusetts federal district court entered a preliminary injunction staying and postponing the effective date of the final rule issued by HUD last month (“2020 Rule”) revising its 2013 Fair Housing Act disparate impact standards (“2013 Rule”). In Inclusive Communities , the U. emphasis included).

Massachusetts 78

Massachusetts Policies Community Connecticut 78

Gonzobanker

DECEMBER 19, 2017

Seriously, sit back with a pocket flask of Pappy Van Winkle, smoke a cigar (or your combustible of choice if you live in Colorado, California, Washington, Oregon, Nevada, Main or Massachusetts) and enjoy the 2017 GonzoBanker Awards. The Real “Lending” Stock Award – Goes to longtime player LendingTree. THE BANKING AWARDS.

Conference 101

Conference Industry Community Bank Community 101

Jeff For Banks

MARCH 14, 2020

© 2020 Massachusetts Mutual Life Insurance Company (MassMutual ® ), 1295 State Street, Springfield, MA 01111-0001. As the spread of coronavirus, known as COVID-19, continues to be a growing concern across the country, we’re taking extra precautions to protect you, our teammates and the communities we serve. All rights reserved.

ATM 78

ATM Policies US Management 78

Fintech Labs Insights

MARCH 28, 2016

Three Finovate alums brought in new cash: Kreditech raised $11 million for its banking and lending services for the underbanked. Here are the fintech deals by size from 19 March to 25 March 2016: Open Lending. Automated lending solutions for financial institutions. Automated lending solutions for financial institutions.

Company 12

Company Fintech San Francisco New York City 12

Jeff For Banks

OCTOBER 19, 2012

It seems to me that reducing burdensome regulations and not implementing harsher capital requirements would be more effective alternatives to incentivize lending than pushing all yields toward zero while buying up all of our bonds. I know I risk sounding like Charles Plosser, but so be it.

National 82

National Security US Massachusetts 82

American Banker

JANUARY 17, 2020

People's United in Connecticut is letting the loans run off its books as it invests in higher-yielding commercial loans.

Connecticut 48

Connecticut Regional New York Massachusetts 48

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.” As the Supreme Court aptly recognized in Inclusive Communities , limitations on disparate impact liability are necessary to protect potential defendants from abusive disparate impact claims.

Rhode Island 60

Rhode Island District of Columbia North Carolina Vermont 60

CFPB Monitor

AUGUST 30, 2018

Supreme Court ruling in Texas Department of Housing and Community Affairs v. Inclusive Communities Project, Inc. The trade groups’ views are set forth in comment letters submitted to HUD in response to its advance notice of proposed rulemaking seeking comment on the need for revisions to the Rule following Inclusive Communities.

Groups 68

Groups Rhode Island District of Columbia North Carolina 68

Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. We are in awe. Seriously in awe.

Fintech 195

Fintech Community Regional Technology 195

Abrigo

FEBRUARY 16, 2015

A popular opinion, brought to the forefront last week by a Harvard University report , is that these regulations are imposing a significant burden on small financial institutions such as community banks and credit unions. She also added that community banks, specifically, have seen more than 11 percent growth.

Community Bank 150

Community Bank Community Regulation Lending 150

William Mills

SEPTEMBER 12, 2017

Digital banking solutions for community banks and credit unions. An industry leader in lending and benchmarking solutions for financial institutions. Helps companies secure email, chat and collaboration platforms communicate with confidence. They are based in Massachusetts so I bet they came out of MIT. MalauzaiMonkeys.

Samsung 69

Samsung Mobile User Experience Google 69

Abrigo

APRIL 18, 2020

“While we can make no promises about when or if this might come to fruition, we encourage you to continue applying online,” says the website of Main Street Bank in Marlborough, Massachusetts. Lending & Credit Risk. SBA Lending. Lending & Credit Risk. SBA Lending. It’s something we look at as our duty.”

Lending 195

Lending Wyoming Maine Nebraska 195

PYMNTS

MARCH 15, 2018

Sarah Huckabee Sanders, the White House press secretary, was pleased with the result: “The bill provides much-needed relief from the Dodd-Frank Act for thousands of community banks and credit unions and will spur lending and economic growth without creating risks to the financial system,” she said.

Idaho 133

Idaho Regulation Massachusetts Washington 133