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New Jersey enacts licensing and other requirements for student loan servicers

CFPB Monitor

On July 30, 2019, Acting New Jersey Governor Sheila Oliver signed into law SB 1149 , which requires student loan servicers to be licensed, creates an Office of the Student Loan Ombudsman within the NJ Department of Banking and Insurance, imposes various requirements, and prohibits certain conduct. Licensing requirement.

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Bitcoin Daily: Avanti Preparing To Apply For Banking Charter; NJ Lawmaker Introduces Regulatory Rules On Crypto

PYMNTS

Because trust companies can’t custody securities in the U.S., Some representatives from the world’s central banks discussed the matter last week in Kyiv, Ukraine, at a conference arranged by the National Bank of Ukraine. 20, which would introduce new standards and rules for how crypto businesses operate.

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Community Banks Voice Frustration With Core Tech Providers

PYMNTS

Companies including Fiserv, Fidelity National Information Services (FIS) and Jack Henry & Associates control the majority of the core banking services market, linking financial institutions and FinTechs to infrastructure to run their own banking operations. ” Fiserv, FIS and Jack Henry have secured 90 percent of U.S.

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Caesars Puts Stake In Online Betting Co DraftKings

PYMNTS

The access is exclusive to Caesars locations across select states where the company operates casino properties. In New Jersey and Mississippi, DraftKings Sportsbook mobile and retail allows players to bet for major U.S. and Australia. .” and Australia. and international sports, pursuant to state rules and regulations.

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Philadelphia Mall Owner Takes Care Of Its Own

PYMNTS

The experience of the mall CMBS [commercial mortgage-backed security] from Starwood is certainly symptomatic of the larger narrative,” said Christopher Sullivan, chief investment officer of United Nations Federal Credit Union, as reported in Yahoo! But apparently they’re doing something right in Philadelphia.

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CFPB Cracks Down On Deceptive Lender Who Targeted 9/11 First Responders

PYMNTS

The consumers included former National Football League players suffering from neurological disorders, victims of the Deepwater Horizon oil rig disaster and 9/11 first responders. The CFPB wants to prevent Top Notch, owner Rory Donadio and his business associate John “Gene” Cavalli from offering or providing such products in the future. “We

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Popular Bank’s Commitment to Our Customers and Communities

PopularBank

A Message from Chief Operating Officer Manuel Chinea. In these uncertain times, we are all working together to navigate our new normal. As we face the immediate and serious health concerns as a community, we are also seeing a much wider impact on all our lives as well as our local, national, and global economies.