CFPB Monitor

MARCH 25, 2021

On March 23 , Illinois Governor Pritzker signed into law SB 1792 , which contains the Predatory Loan Prevention Act (the “Act”). The new law became effective immediately upon signing notwithstanding the authority it gives the Illinois Secretary of Financial and Professional Regulation to adopt rules “consistent with [the] Act.”.

Illinois 148

Illinois Lending Retail Analysis 148

CFPB Monitor

FEBRUARY 3, 2022

The decision could have significant implications for all providers of consumer credit whose operations involve cross-border lending. Thus, by extending loans to Pennsylvanians, TitleMax takes an interest in property located and operated in Pennsylvania. Constitution. In TitleMax of Delaware, Inc. citations omitted.).

Pennsylvania 147

Pennsylvania Analysis Security Indiana 147

Independent Banker

MAY 31, 2022

We would then assemble the incident response team, contact regulators and law enforcement and notify any customers who may have been exposed,” says Wyatt. “We William Atkinson is a writer in Illinois. Fraud-fighting recommendations. Tailor cybercrime training for the home environment if your bank still has “work from home” employees.

Community Bank 134

Community Bank Community Fraud Texas 134

CFPB Monitor

JANUARY 19, 2021

On January 13, 2021, the Illinois legislature overwhelmingly passed SB 1792 (the “Act”), intended to, among other things, overhaul the state’s consumer finance laws. SB 1792 separately amends the Illinois Consumer Installment Loan Act and the Payday Loan Reform Act to apply this same 36% MAPR cap.)

Illinois 60

Illinois Retail Operations Lending 60

Independent Banker

NOVEMBER 30, 2022

An entrepreneur with a background in accounting and finance, CEO and chairman of the board Thomas Swenson set up Montana Business Capital Corporation in 1998 with a focus on job creation and economic development lending. We don’t operate from a position of fear.”. Reasons to stay. Two of us have gotten to take it so far.

Community Bank 169

Community Bank Community Montana Leadership 169

PYMNTS

APRIL 26, 2016

Which brings us to payday lending and its proposed regulation – a subject that has turned out to be the Berserk Button for a shocking number of consumer right advocates, congressmen, regulators, Senators, preachers, industry representatives business people and consumers. So why all the fuss? The Typical Payday Lender.

Lending 100

Lending Regulation Industry Illinois 100

Independent Banker

SEPTEMBER 21, 2015

ICBA’s compliance certification programs—similar to the training provided by the Community Banker University’s other certification programs covering lending, information technology and bank security—provide up-to-date information about regulatory issues while teaching practical knowledge and skills. Lending—consumer and commercial.

Compliance 70

Compliance Community Bank Community Training 70

PYMNTS

FEBRUARY 10, 2020

firms operating on an international scale — is about to get more heated. Last week in India, the government proposed a tax on eCommerce transactions that will likely increase operating costs for sellers large and small. The jousting over eCommerce taxes — especially for U.S.

Taxes 175

Taxes Illinois Study Operations 175

PYMNTS

MARCH 21, 2017

If the rules pass as present, long-term might be something of a huge misnomer, since, by even the CFPB’s own in-house estimates, some 85 percent of the nation’s currently operating short-term lenders would be knocked out of business. Has no other legitimate option available. So how did that war gaming look? The Problem.

Lending 100

Lending Regulation Illinois Innovation 100

PYMNTS

NOVEMBER 29, 2016

The Problem With PayDay Lending . But short-term lending — in all its many forms, including payday loans, auto-title loans and some installment loans — is especially good at arousing passion in those who debate it. The PMYNTS PayDay Lending Primer. The Whos, Whats, Wheres, Whens, Whys and Hows Of Short-Term Lending).

Lending 100

Lending Regulation Groups Innovation 100

CB Insights

MAY 23, 2019

Zenefits skirts compliance regulations. Zenefits skirts compliance regulations. In addition, regulators claimed that as many as 80% of insurance plans sold in Washington state by Zenefits reps were sold illegally by unlicensed brokers. Table of contents. Theranos and the revolutionary blood tests that never existed.

Fraud 78

Fraud Las Vegas Company Video 78

CB Insights

AUGUST 25, 2017

Ultimately, the use cases for a transparent, verifiable register of transaction data are practically endless — especially since blockchain operates through a decentralized platform requiring no central supervision, while still remaining resistant to fraud. Payments and money transfers. Ride sharing.

blockchain 78

blockchain Industry Bitcoin Security 78

PYMNTS

FEBRUARY 21, 2017

The CFPB was a few weeks away from releasing new draft regulations, and the money was on regs that would by and large neuter the industry. This has the potential to decimate an entire industry,” one payday lending executive told PYMNTS shortly after the rules dropped. “By So, we’re not asking the 8-Ball; we’re asking the experts.

Lending 101

Lending Regulation Innovation Industry 101