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CFPB issues Spring 2020 semi-annual report to Congress

CFPB Monitor

The CFPB has issued its Spring 2020 Semi-Annual Report to Congress covering the period September 30, 2019 through March 31, 2020. During the period covered by the report, the Bureau filed one fair lending public enforcement action and referred four ECOA matters to the DOJ.

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Sterling Bancorp Names Leaders Of Innovation Finance Group

PYMNTS

The new group will provide a full suite of lending and banking products for growing technology companies at every development stage, including asset-based solutions, recurring revenue-based revolving lines of credit, treasury management, foreign exchange and more. “We million in the second quarter of 2019. “We

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Rebeca Romero Rainey: The future is bright

Independent Banker

I’ll also be at our first committee meeting with our 2019–2020 executive committee, and doing a Habitat for Humanity build with. Quantum National Bank in Suwanee, Ga., came up with an innovative lending solution to help its customers rebuild their homes after wildfires devastated their community. Where I’ll be this month.

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The 2019 GonzoBanker Awards

Gonzobanker

GonzoBankers, 2019 was a year of extremes. Third, read and enjoy the 2019 edition of the GonzoBanker Awards, our 18 th. Mark Turner, Executive Chairman of the Board, WSFS Bank – We have to give the nod to an early 2019 retirement of Turner, who had one hell of a run in 12 years at the helm of a great community and wealth bank.

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How Lenders Can Better Support Small Business Growth in their Communities

FICO

This issue was discussed at the NAGGL 2019, National Association of Government Guaranteed Lenders, conference where hundreds of SBA lenders gathered to learn about policy changes, SBA online application submission solutions, how to create successful sales reps, and other trends in the industry impacting SBA lenders.

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Justice Department announces settlement to resolve lending discrimination claims against Evolve Bank and Trust

CFPB Monitor

On September 29, 2022, the Justice Department announced a proposed consent order with Evolve Bank and Trust to resolve allegations of lending discrimination on the basis of race, sex, and national origin in the pricing of its residential mortgage loans from at least 2014 through 2019.

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CFPB’s Taskforce on Federal Consumer Financial Law releases report

CFPB Monitor

The CFPB created the Taskforce in October 2019 to examine ways to harmonize and modernize federal consumer financial laws. Congress should authorize the Bureau to issue licenses to non-depository institutions that provide lending, money transmission, or payment services. Fintech regulation. Small dollar credit.

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