CFPB Monitor

FEBRUARY 3, 2020

The leadership and priorities of the CFPB, OCC, FDIC, and FTC have changed under the Trump Administration. The second panel will feature OCC and FDIC representatives. I am again co-chairing the event, as I have for the past 24 years. I will co-moderate both. The first panel will feature a discussion among CFPB and FTC representatives.

New York City 78

New York City San Francisco FDIC Chicago 78

PYMNTS

MARCH 4, 2019

As had been reported late last month, in New York City, the city council held a hearing centered on a bill that would ban stores and restaurants from being able to refuse to accept cash. A similar ban has already passed in New Jersey and similar legislation has been backed by legislators in Philadelphia and signed into law this past week.

Retail 129

Retail New York City New York New Jersey 129

CFPB Monitor

JUNE 12, 2020

Marlette Funding, LLC et al , arises from an enforcement action filed in 2017 by Colorado’s UCCC Administrator challenging a bank-model lending program involving a New Jersey state-chartered bank. Rather, the decision acknowledges that both the OCC and FDIC had issued proposals rejecting Madden.

Colorado 78

Colorado FDIC Analysis National 78

Jeff For Banks

MARCH 31, 2018

So worries New Jersey Banker's Association CEO John McWeeney since state-owned bank advocate Phil Murphy was elected governor. I got news for you John. FDIC insured. Bye-bye municipal deposits. The state's municipal deposits approximate $20 billion , $13 billion of which are in community banks. By default.

FDIC 60

FDIC New Jersey Pennsylvania Community Bank 60

Jeff For Banks

JUNE 2, 2023

//Jeff Marsico remarks to the 2023 New Jersey Bankers' Association Annual Convention: May 19, 2023// Four decades ago, the prolonged savings-and-loan crisis devastated the industry. M&T assumed their $411 million of loans and securities with a $289 million FDIC loss-share agreement. trillion failed.

FDIC 78

FDIC Community Bank Regulation Lending 78

PYMNTS

JANUARY 25, 2018

Some companies, like Cross River Bank of Teaneck, New Jersey, have launched services to ease consumers’ access to physical cash notes by tapping into the convenience of the existing financial infrastructure. This includes checks, brick-and-mortar bank branches, ATM cards and, yes, cash. commerce today.

ATM 100

ATM Millennials FDIC New Jersey 100

Jeff For Banks

JUNE 30, 2013

Vernon Hill, legendary leader of the former Commerce Bank in Cherry Hill, New Jersey, took advantage of the last time bankers were contemplating the future of branching by beating them over the head with his high profile and rapidly expanding branches. During periods of uncertainty lies opportunity. Are deposits increasing?

FDIC 110

FDIC Strategy New Jersey Branch Design 110

MyBankTracker

NOVEMBER 4, 2020

The good news is that according to Betterment’s website, the company might offer joint checking in the future. FDIC insured. Even though Betterment isn’t a bank, funds in your account are FDIC insured up to $250,000. Find the Best Checking Accounts in New Jersey.

ATM 52

ATM Cards FDIC Mobile 52

PYMNTS

NOVEMBER 18, 2019

recorded its fourth bank failure this year — the first collapse of financial institutions since 2017, according to data from the Federal Deposit Insurance Corp ( FDIC ). 1 when City National Bank of New Jersey closed its three branches with assets of about $120.6 Approximately $500,000 in deposits exceeded FDIC insurance limits.

Kentucky 140

Kentucky FDIC Ohio US 140

Jeff For Banks

OCTOBER 13, 2011

The recently released FDIC Summary of Deposits showed the second year of branch decline. The poster child of this concept is Commerce Bank of Cherry Hill, New Jersey which was acquired by TD Bank (see photo). That''s right. old people letting their fingers do the walking. But big banks have challenges here, in my opinion.

Branch Strategies 71

Branch Strategies New Jersey Strategy Capital 71

PYMNTS

NOVEMBER 18, 2019

recorded its fourth bank failure this year — the first collapse of financial institutions since 2017, per Federal Deposit Insurance Corp (FDIC) data. 1 when City National Bank of New Jersey closed its three branches. The most recent failure was on Nov. Elavon Spends $300M For Sage Pay.

System 100

System New Jersey Payments Apple 100

PYMNTS

OCTOBER 12, 2016

The central issue in the case was a 2014 claim the CFPB made against PHH; specifically that the New Jersey-based mortgage lender pay $109 million for allegedly violating the Real Estate Settlement Procedures Act by accepting kickbacks from mortgage insurers. Although the FRB, ITC, SEC, FDIC, FCC, NCUA, etc.,

District of Columbia 100

District of Columbia New Jersey Exercises FDIC 100