CFPB Monitor

SEPTEMBER 10, 2020

The DBO indicated that it “is investigating whether LoanMart’s role in the arrangement is so extensive as to require compliance with California’s lending laws. Thus, both the OCC and FDIC have adopted regulations rejecting the Second Circuit’s Madden decision. The FDIC has not yet proposed a similar rule.

Utah 78

Utah California FDIC West Virginia 78

CFPB Monitor

MARCH 15, 2022

A California federal district court judge recently rejected the California AG’s challenge (in which other states joined) to the FDIC’s rule and, in a separate lawsuit, also rejected a challenge by the California AG and other state AGs to the OCC’s Madden -fix rule codified at 12 C.F.R. Section 7.4001(e).

California 78

California Innovation Utah West Virginia 78

Independent Banker

JUNE 30, 2022

Using FDIC data for 2021, we calculated a lender score out of 100 for each community bank. American Bank, National Association. Classic Bank, National Association. The First National Bank In Sioux Falls. Dakota Community Bank & Trust, National Association. By Ed Avis. Methodology. Ag Lender Score. Mason City.

Community Bank 172

Community Bank Community National Philadelphia 172

CFPB Monitor

OCTOBER 13, 2020

We recently published a blog about the OCC’s proposed rule “National Banks and Federal Savings Associations as Lenders” (the “Proposed Rule”), which would clarify that a bank (or savings association) is properly regarded as the “true lender” when, as of the date of origination, it is named as the lender in a loan agreement or funds the loan.

Lending 60

Lending Colorado FDIC National 60

Jeff For Banks

MARCH 29, 2014

We are registered in Colorado and Oregon as a lender and our employees maintain home offices in those states from which we originate and underwrite those loans. The amount of deposits available to us while maintaining full FDIC insurance protection for our trust customers has consistently exceeded $30 million for the last three years.

Strategy 101

Strategy Texas San Antonio Fort Worth 101

PYMNTS

FEBRUARY 14, 2019

In 2018, consumers in Colorado bought some $1.55 Two of the speakers at the hearing — Colorado Rep. Such prohibition could involve limiting FDIC protections for those deposits, for example, or trying to prevent loans to those businesses. billion worth of legal cannabis products. Ed Perlmutter and Washington Rep.

Oregon 230

Oregon Colorado Operations Washington 230

PYMNTS

FEBRUARY 13, 2019

In 2018, consumers in Colorado bought some $1.55 Two of the speakers at the hearing — Colorado Ed Perlmutter and Washington state Rep. Such prohibition could involve limiting FDIC protections for those deposits, for example, or trying to prevent loans to those businesses. billion worth of legal cannabis products.

Oregon 115

Oregon Colorado Operations Washington 115