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FDIC sides with Colorado in court tussle over high-cost loans

American Banker

is arguing that Colorado has the right to establish an interest rate cap that all state-chartered banks must follow. The Federal Deposit Insurance Corp. Three industry groups are suing the state in an effort to stop its attempted crackdown.

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Bankers: Is your strategy the same as your competitor?

Jeff For Banks

We believe we can effectively compete as a community bank in our market area and the niche markets we serve. Since the fourth quarter, 2012, we have expanded to serve the small business community by offering loans guaranteed by the Small Business Administration as well as the U.S. We focus our marketing efforts in three areas.

Strategy 101
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SAFE Banking Act Gains Cannabis-Friendly Spotlight In Congressional Hearing

PYMNTS

That’s because it marked the first hearing dedicated to a proposed bill in Congress that would offer financial institutions protections against federal regulators when dealing with legal cannabis operations. In 2018, consumers in Colorado bought some $1.55 Two of the speakers at the hearing — Colorado Rep.

Oregon 230
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SAFE Banking Act Gains Cannabis-Friendly Spotlight in Congressional Hearing

PYMNTS

That’s because it marked the first hearing dedicated to a proposed bill in Congress that would offer financial institutions protections against federal regulators if dealing with legal cannabis operations. In 2018, consumers in Colorado bought some $1.55 billion worth of legal cannabis products.

Oregon 115
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Hundreds comment on OCC proposed “true lender” rule

CFPB Monitor

The Independent Community Bankers of America, a trade association representing community banks, endorses the clear, unambiguous standard set forth in the Proposed Rule. Other supporters explained that the Proposed Rule would make better borrowing alternatives available to more consumers.

Lending 60