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

CFPB Monitor

CarMax has 180 days to implement these practices, and has agreed to compliance monitoring for a period of five years. 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.” .

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Wells Fargo’s New Alleged Scandal? Failing To Refund Owed Insurance Payments

PYMNTS

In nine states — Alabama, Colorado, Indiana, Iowa, Maryland, Massachusetts, Oklahoma, Oregon and South Carolina — the law requires customers get their refund. Consumers are not required to carry the product — which tends to cost $400-$600 — but dealers tend to push it fairly hard during auto-sale negotiations.

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Fizzle Of The Week: The Cannabis Payments Conundrum

PYMNTS

That means any bank that operates across state lines in the U.S. It is a side effect of the fact that while marijuana is “legal” for some uses in nearly three dozen states, according to the United States federal government, cannabis is a Schedule I narcotic. Very few banks offer services, and those that do often don’t publicize them.

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.

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Who were ICBA’s Top Lenders of 2022?

Independent Banker

We worked with them with loans to buy equipment and vehicles for delivery and the beginning operational cash needs of the business,” Bunnell says. The bank, which attributes 31% of its loan portfolio to agriculture, opened loan production offices (LPOs) in Mississippi, Florida and Alabama. “We Wrentham Co-operative Bank.