South Carolina embraces new EWA law
Payments Dive
MAY 23, 2024
This week, South Carolina became the fifth state to enact a law regulating earned wage access providers, but it doesn’t subject them to lending laws.
Payments Dive
MAY 23, 2024
This week, South Carolina became the fifth state to enact a law regulating earned wage access providers, but it doesn’t subject them to lending laws.
American Banker
DECEMBER 6, 2023
The Ohio-based regional bank has laid out an ambitious expansion blueprint, including new health care asset-based lending, a Native American financial services unit and a push into commercial banking in North Carolina and South Carolina.
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Abrigo
NOVEMBER 21, 2014
Now that banks have filed their third quarter financial reports , what did the lending picture look like last quarter? However, Q3 commercial lending is down from the beginning of 2014 (quarter ending 3/31/2014) by about $67 billion. Specifically for businesses, are commercial loans on the rise? Nationally, the picture is a fine one.
PYMNTS
JANUARY 24, 2018
According to American Banker , the Greenville, South Carolina-based company announced it received a letter from the consumer agency “indicating the investigation into the company’s marketing and lending practices has been completed.” which had been accused of taking advantage of low-income borrowers.
PYMNTS
MARCH 13, 2019
The new locations will include Charlotte, North Carolina; St. Louis, Missouri; Pittsburgh, Pennsylvania; Kansas City, Kansas and Greenville, South Carolina, among others. The bank said about 30 percent of the branches will be in low or moderately low income communities.
CFPB Monitor
OCTOBER 17, 2022
Companies that engage in cross-border lending should continue to closely monitor decisions involving the dormant Commerce Clause since the law in this area continues to evolve. This restriction on state power is commonly referred to as the “dormant Commerce Clause.”. The same could be said here. Also, just last week, the U.S.
PYMNTS
AUGUST 8, 2019
The New York State Department of Financial Services (NYDFS) has announced it will lead a multi-state investigation into alleged violations of state regulations of the short term lending industry, specifically in the area of payroll advances.
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