Compliance Lending Massachusetts Regulation 
Bank Innovation
NOVEMBER 1, 2017
The lawsuit of a small business in Massachusetts against alternative lender Kabbage is raising questions about the role of partner banks in marketplace lending, namely, whether it’s the bank or the fintech that can be called the “true lender.”
PYMNTS
NOVEMBER 1, 2017
A small business (SMB) in Massachusetts borrowing funds via marketplace lender Kabbage has sued the platform, igniting new debate in the conversation over the definition of a “true lender,” according to reports in the National Law Review on Tuesday (Oct. and Celtic Bank in a federal court in Massachusetts.
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CFPB Monitor
NOVEMBER 16, 2021
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 allow DFS to issue regulations expanding the types of applications and notices for which it will consider such performance when taking action.
CFPB Monitor
APRIL 7, 2020
Mr. Roddy discussed the emergency debt collection regulation issued by the Massachusetts AG and the possibility of state UDAP claims based on collection activities during the crisis.
PYMNTS
NOVEMBER 27, 2017
The same unit in March agreed to fork over $22 million as part of an inquiry by the Massachusetts Attorney General over subprime auto loan securitizations. The same unit in March agreed to fork over $22 million as part of an inquiry by the Massachusetts Attorney General over subprime auto loan securitizations.
CFPB Monitor
JANUARY 12, 2021
The Taskforce was charged with examining the existing legal and regulatory environment for consumers and financial services providers and making recommendations to the Bureau’s leadership for improving consumer financial laws and regulations. The report consists of two volumes. Equal access to credit.
PYMNTS
SEPTEMBER 25, 2020
Massachusetts-based accounts payable (AP) automation technology firm MineralTree Inc. Money transfer organizations have to remain in compliance with regulations or they will encounter sizable penalties or let crime spread. A bank executive sent a memo to the workforce saying that they must not post to social media until 11 a.m.
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