article thumbnail

CFPB, joined by South Carolina Dept. of Consumer Affairs and Arkansas AG, files lawsuit targeting service providers to pension advance products structured as purchases

CFPB Monitor

In filing the complaint, the CFPB was joined by the South Carolina Department of Consumer Affairs (SCDCA) and the Arkansas Attorney General. The CFPB filed a complaint in a South Carolina federal district court against Upstate Law Group LLC. The new lawsuit indicates that the Bureau is also targeting service providers to such companies.

article thumbnail

Southern Bancorp is building wealth for everyone

Independent Banker

Darrin Williams, an attorney and former Arkansas state representative, wasn’t interested when Southern Bancorp, Inc. approached him about a leadership position in 2013. Williams explains that the involvement with GABV has impelled Southern Bancorp’s leadership to find ways to reduce the bank’s carbon footprint. By Judith Sears.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Podcast: The Girl Banker on Career Advancement and Life Lessons

ABA Community Banking

Natalie Bartholomew is chief administrative officer at Grand Savings Bank in northwestern Arkansas, but she is probably better known for her popular blog "The Girl Banker," which provides advice on career advancement and work-life balance for women in banking as well as spotlighting female leaders in financial services.

article thumbnail

CFPB continues to target pension advance products structured as purchases

CFPB Monitor

The CFPB has already announced two settlements this year involving brokers of transactions alleged to be high-interest loans to veterans that were marketed as purchases of the future pension or disability payments, one in January 2019 and the other in August 2019 (with the Arkansas Attorney General also a party).

article thumbnail

CFPB announces settlement with broker of pension assignments

CFPB Monitor

In its press release announcing the settlement , the Bureau stated that its investigation “is being conducted in partnership with the Office of Arkansas Attorney General Leslie Rutledge and the South Carolina Department of Consumer Affairs.”.

article thumbnail

Top 5 Total Return to Shareholders: #4 Bank of the Ozarks

Jeff For Banks

But he held firm that the regulatory environment, changing customer preferences, and the pace and expense of technology were driving the market towards bigger is better. Bank of the Ozarks began in 1903 as a small community bank in Jasper, Arkansas, and by 1937, included an additional bank in Ozark, Arkansas.

article thumbnail

Excited To Help People

Independent Banker

In Arkansas, Jim S. offers a “humanly simple” leadership style of looking out for others. Once he gets his mind set, a plan forms and then becomes a very calculated reality,” offers Tara Salinas, the bank’s marketing and business development officer. One person cannot do it all—there’s just way, way, way too much to do.” —Jim

St. Louis 105