CFPB Monitor

JUNE 3, 2021

In its complaint filed in a Florida federal district court, the CFPB alleged that since 2017, Driver Loan offered small-dollar, short- term, high-interest rate loans to consumers. It also alleged that in 2020, Driver Loan began taking deposits from consumers to fund its loans.

Florida 78

Florida FDIC Meeting Marketing 78

CFPB Monitor

NOVEMBER 17, 2020

The Complaint alleges that the defendants engaged in deceptive practices by: Falsely representing that consumers’ deposits were held at FDIC-insured institutions, the deposits would have a guaranteed rate of return, and a new consumer was depositing funds with the company about every minute; and by.

Florida 78

Florida FDIC Meeting Marketing 78

PopularBank

AUGUST 31, 2022

Popular Bank is an FDIC-insured Minority Depository Institution (MDI) , serving clients in New York, New Jersey, and South Florida. In 2021, Popular Bank’s Easy Access Checking received Bank On certification from the Cities for Financial Empowerment Fund, providing consumers with a low-cost, quality banking product.

New Jersey 52

New Jersey Florida FDIC New York 52

PYMNTS

OCTOBER 3, 2016

In 2010, Westernbank Puerto Rico, the country’s second-largest commercial bank, took a loss of more than $140 million on loans to a Florida businessman, 53-year-old Jack Kachkar, which contributed to its failure, according to the FDIC’s inspector general. The amount owed to Westernbank had grown to $100 million in less than two years.

Puerto Rico 133

Puerto Rico Fraud Miami Florida 133

CFPB Monitor

NOVEMBER 22, 2022

The CFPB reviewed complaints submitted to it during the period of October 2018 to September 2022, but noted that the majority of the complaints it received were submitted over the last two years, with the greatest number of complaints submitted by consumers in California and Florida.

Analysis 78

Analysis Fraud Florida FDIC 78

PYMNTS

JANUARY 9, 2018

In July 2017, the Federal Deposit Insurance Corporation (FDIC) held a meeting with a group of community bankers which told officials about the competitive pressures they’re facing from FinTechs. The FDIC’s Advisory Committee on Community Banking offered a platform through which community bankers could highlight these challenges.

Community Bank 131

Community Bank Community Fintech Lending 131

Jeff For Banks

SEPTEMBER 10, 2011

Since that time, the company has grown to more than 100 locations throughout Arkansas, Texas, Georgia, North Carolina, South Carolina, Alabama and Florida. They acquired seven failed institutions in Georgia, Florida, and South Carolina from the FDIC, adding over $2 billion of acquired assets since March 2010. billion was 1.24%.

Arkansas 65

Arkansas South Carolina FDIC North Carolina 65

Independent Banker

JUNE 30, 2022

Using FDIC data for 2021, we calculated a lender score out of 100 for each community bank. The bank, which attributes 31% of its loan portfolio to agriculture, opened loan production offices (LPOs) in Mississippi, Florida and Alabama. “We Bradesco BAC Florida Bank. By Ed Avis. Methodology. And in New Albany, Miss., Marlborough.

Community Bank 172

Community Bank Community National Philadelphia 172

Jeff For Banks

DECEMBER 16, 2022

4 First BanCorp (NYSE: FBP) First BanCorp is a full service financial institution with operations in Puerto Rico, the British Virgin Islands, and Florida. They were under an FDIC consent order from 2014 through 2020 relating to their BSA and OFAC compliance and their relationship with third parties seeking access to the banking system.

Puerto Rico 78

Puerto Rico Virgin Islands Community Community Bank 78

PYMNTS

DECEMBER 11, 2017

The law was introduced by Florida Senator Bill Nelson, and co-sponsored by Senator Richard Blumenthal of Connecticut and Wisconsin Senator Tammy Baldwin. But that could change if the Senate can pass the Data Security and Breach Notification Act , which would require companies to report data breaches within 30 days.

Bitcoin 110

Bitcoin Data District of Columbia Wisconsin 110