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36 State Attorneys General settle with CarMax over non-disclosure of open safety recalls

CFPB Monitor

Additionally, CarMax is prohibited from directly or indirectly stating in marketing, advertising, or during sale (including vehicle labeling) that a vehicle is “safe” or has been repaired for “safety issues.” . CarMax has 180 days to implement these practices, and has agreed to compliance monitoring for a period of five years.

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Fizzle Of The Week: The Cannabis Payments Conundrum

PYMNTS

The reality is 99 percent of banks don’t want to mess with them, [because] there’s a lot of internal compliance if you’re going to serve the cannabis industry,” noted Jim Marty of Bridge West CPAs, a Colorado accounting firm that represents roughly 250 cannabis businesses and license holders nationwide. billion seen last year. As much as $1.4

Taxes 177
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CFPB finalizes product sandbox proposal and changes to trial disclosure, no-action letter policies; discloses plans to propose interpretive letter program

CFPB Monitor

The Bureau expresses its agreement with commenters on its sandbox proposal “that the present lack of an interpretive letter or advisory opinion program represents a gap in the Bureau’s plans for providing compliance assistance to stakeholders under the Federal consumer financial laws.” Product Sandbox. NAL Policy.

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Dynamic Duo

Independent Banker

Perhaps just as influential, Shelby, who is serving as the committee’s GOP chairman for the next two years, represents 131 community banks in Alabama, and Brown, the Democratic ranking member on the committee, represents 206 community banks in Ohio. Shelby visits an Alabama business as part of a statewide jobs and industry tour.

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Sizzle Or Fizzle: Facebook, Online Lending, Cash – And The Twilio Surge

PYMNTS

But Facebook got the jump on the news cycle this week with the big news that it was opening up Facebook Canvas for retailers and other marketers on the site, as opposed to just advertis e rs. Last week , Walmart Pay rolled out in Alabama and Georgia. Yesterday’s “real” action resulted in a market cap of around $2 billion.

Lending 101
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Who were ICBA’s Top Lenders of 2022?

Independent Banker

He sensed the family’s passion and liked their idea of starting with selling milk at farmers’ markets, roadside shops and small grocery stores. The bank, which attributes 31% of its loan portfolio to agriculture, opened loan production offices (LPOs) in Mississippi, Florida and Alabama. “We Bunnell listened.