CFPB Monitor

JUNE 12, 2020

A Colorado state district court has ruled that a non-bank assignee of loans made by a state bank cannot charge the same interest rate that the state bank assignor can charge under Section 27(a) of the Federal Deposit Insurance Act (12 U.S.C. The ruling in Martha Fulford, Administrator, Uniform Consumer Credit Code v.

Colorado 78

Colorado FDIC Analysis National 78

CFPB Monitor

FEBRUARY 4, 2019

As discussed in an earlier post , on November 6, 2018, Colorado’s voters passed Proposition 111 , seeking to limit interest rates and fees charged on payday loans in Colorado to an annualized percentage rate of thirty-six percent. Effective February 1, 2019, the proposition amends Colorado’s Deferred Deposit Loan Act (C.R.S. §

Colorado 74

Colorado Security Lending 74

CFPB Monitor

NOVEMBER 12, 2018

focusing on Ohio’s Fairness in Lending Act. Last week, Colorado voters passed a ballot initiative that places a 36 percent APR cap on payday loans.). This afternoon, Pew Charitable Trusts will host an event in Washington, D.C.

Ohio 68

Ohio Lending Colorado Washington 68

Independent Banker

NOVEMBER 30, 2021

La Plata County commissioner Marsha Porter-Norton champions First Southwest Bank’s innovative lending. First Southwest Bank is carving out new business models to address a need for credit and financial services through nonprofit lending programs and software that leverages its community development financial institution (CDFI) funding.

Colorado 119

Colorado Community Bank Community New Mexico 119

American Banker

SEPTEMBER 19, 2023

Denver-based InBank will expand into Georgia and Arizona, part of a wider plan to seize market share and build what one executive called a top-tier SBA lender.

Colorado 69

Colorado Denver Arizona Georgia 69

American Banker

AUGUST 18, 2020

Under the agreement, fintechs and their bank partners will have a safe legal harbor to offer loans, as long as their interest rates do not exceed 36% and they meet various other standards.

Colorado 79

Colorado Online Meeting Fintech 79

Abrigo

JULY 6, 2017

Join your peers following Tuesday's sessions at Coors Field as the Colorado Rockies take on the Miami Marlins. No other conference educates on the full life-of-the-loan concept. Located in Lodo, the city's old warehouse district, Coors Field is one of America's great ballparks.

Risk Management 150

Risk Management Denver Management Colorado 150

PYMNTS

JULY 29, 2019

office is in Boulder, Colorado. They lend out more than they have.”. A company called Glint Pay has launched a debit card that’s backed by gold instead of currency, according to a report in The Denver Post. The company is London-based, and its U.S. The card was released in the U.S. on Monday (July 29).

Cards 191

Cards Colorado Denver Fintech 191

CB Insights

JUNE 28, 2021

Accept.inc , a residential real estate mortgage lending platform, has raised $90M in seed funding. Colorado-based Accept.inc allows homebuyers to make all-cash offers through its mortgage lending platform at no additional cost. How’s the company performing? Become a CB Insights customer.

Lending 36

Lending Colorado Capital Company 36

Payments Source

SEPTEMBER 3, 2020

The agreement between Colorado authorities, marketplace lenders and banks offers a way to structure partnerships without triggering the wrath of state regulators.

Colorado 118

Colorado Fintech Regulation Lending 118

CFPB Monitor

JUNE 4, 2020

Click here to listen to the podcast.

Colorado 60

Colorado Lending Security Data 60

Abrigo

JANUARY 15, 2015

In the spirit of the go local movement, new data from Sageworks Bank Information peeked in on 10 cities to see which community banks were making an impact on local mortgage lending. • Denver, Colorado – Colorado Federal Savings Bank ($558 million). • Dallas, Texas – PlainsCapital Bank ($1.89

Cleveland 150

Cleveland Detroit Michigan Community Bank 150

Abrigo

MAY 5, 2022

Sometimes 20 minutes, sometimes 50 minutes, this podcast digs into such topics as creating branch experiences that go hand-in-hand with digital ones, identifying risk, and consumer lending. It is a living-room-chat style podcast with other credit union executives, consultants, and business owners from Colorado and elsewhere around the world.

Community 195

Community Lending Maine Resources 195

CFPB Monitor

JANUARY 10, 2019

The AG further bolstered her analysis by considering various courts’ interpretation of the federal Truth in Lending Act’s disclosure requirements, as pertaining to post-dated checks and certain debit authorizations.

Colorado 60

Colorado Analysis Payments Security 60

PYMNTS

AUGUST 2, 2020

Capital One told WSJ its SBA lending portfolio was modest but that it worked overtime to process PPP applications. Greenwood Village, Colorado-based Doida Law Group LLC moved its business from Wells Fargo & Co. Rosati got a $30,000 PPP loan from a financial technology company and transferred the funds to Grasshopper Bancorp Inc. ,

Minneapolis 173

Minneapolis Denver New York Capital 173

PYMNTS

NOVEMBER 23, 2020

To illustrate how AI adoption is playing out in the field, the November Mobile Order-Ahead Tracker® contains a deep dive on the efforts of the Colorado-based Boston Market chain. Smart machine algorithms have allowed food delivery times to be accelerated, while AI-enabled voice assistants are helping restaurants rapidly fulfill orders.

Mobile 289

Mobile Boston Fraud Colorado 289

American Banker

JANUARY 18, 2023

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Colorado 74

Colorado Lending 74

PYMNTS

MARCH 26, 2020

Each week, PYMNTS will round up some of the latest initiatives from governments, banks and FinTechs around the world to lend support for small businesses struggling as a result of the coronavirus. SMBs in supplement to separate measures, like the British Business Bank Coronavirus Business Interruption lending Scheme.

Payments 173

Payments Pennsylvania Kansas City Wyoming 173

PYMNTS

NOVEMBER 4, 2019

Online lending marketplace Prosper has teamed up with BBVA USA to offer a new way for consumers to apply for a home equity line of credit (HELOC), which involves significantly less paperwork and waiting than traditional means, according to a release.

Alabama 100

Alabama New Mexico Arizona Colorado 100

PYMNTS

NOVEMBER 4, 2019

Online lending marketplace Prosper has teamed up with BBVA USA to offer a new way for consumers to apply for a home equity line of credit (HELOC), which involves significantly less paperwork and waiting than traditional means, according to a release.

Alabama 100

Alabama New Mexico Arizona Colorado 100

Independent Banker

JUNE 30, 2022

Effects of the pandemic and other factors creating unpredictability have changed how community banks approach their credit and lending operations. Understanding the impact of a rising rate environment on a concentrated portion of your lending portfolio is critical.”. Judith Sears is a writer in Colorado. By Judith Sears.

Management 103

Management Community Bank Community Regulation 103

Bobsguide

FEBRUARY 22, 2022

The core transformation program, titled “FutureCore,” is divided into phases and Consumer Lending for the 7 affiliate banks is the first phase to go live, with other phases to follow. The completion of this consumer lending installation represents our first step toward having a fully integrated core loan and deposit system.

Software 78

Software Wyoming Idaho Nevada 78

PYMNTS

SEPTEMBER 4, 2020

The company said it would use the investment to expand its product features with a focus on its automated lending infrastructure, and noted it will now include ACH processing in its offering. As organizations accelerate their sales digitization efforts, B2B eCommerce has jumped to the top of strategic planning initiatives.

New York City 151

New York City Capital Colorado Software 151

American Banker

JANUARY 10, 2022

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Colorado 65

Colorado Compliance Lending Regulation 65

Independent Banker

JUNE 30, 2022

is a full-service commercial bank with 80 branch locations in Arizona, Colorado, Kansas and Missouri. One of the very quick things we turned to were HOAs … and we quickly learned we could earn more of their business if we had a lending solution. Name: Academy Bank. Assets: $2.3 Location: Kansas City, Mo.

Kansas City 91

Kansas City Kansas FDIC Community Bank 91

CFPB Monitor

JUNE 24, 2020

Consumer Protection Procedures Act including a “true lender” attack related to Elevate’s “Rise” and “Elastic” products offered through bank-model lending programs.

District of Columbia 60

District of Columbia DC Colorado Lending 60

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. According to the DBO’s press release, until the FACA became effective, LoanMart was making state-licensed auto title loans at rates above 100 percent.

Utah 78

Utah California FDIC West Virginia 78

American Banker

JULY 30, 2020

Now that its deal with Texas Capital has been called off, Independent Bank in McKinney plans to scale back or exit some commercial lines and will seek to duplicate its retail banking successes in Colorado.

Texas 45

Texas Course Colorado Capital 45

American Banker

AUGUST 31, 2020

The agreement between Colorado authorities, marketplace lenders and banks offers a way to structure partnerships without triggering the wrath of state regulators.

Colorado 43

Colorado Fintech Regulation Lending 43

CB Insights

MARCH 13, 2019

Collectively, these startups have raised over $5B, with leading companies such as Butterfly Network (Connecticut, $350M in total disclosed equity funding), Welltok (Colorado, $339M), and InsideSales.com (Utah, $264M). Using the CB Insights database, we mapped out the top-funded AI startup in every US state. See the full map below.

United States 78

United States Rhode Island Massachusetts Connecticut 78

Independent Banker

JANUARY 31, 2022

Relyance is working to increase its mortgage lending but sometimes isn’t able to make loans for some customers. Judith Sears is a writer in Colorado. Recently, Southern Bancorp partnered with $1.1 billion-asset Relyance Bank, headquartered in Pine Bluff, Ark., to better serve low-income borrowers.

Community Bank 172

Community Bank Community Leadership Arkansas 172

CFPB Monitor

FEBRUARY 6, 2020

The relevant states are Arizona, Arkansas, Colorado, Connecticut, Illinois, Indiana, Kentucky, Massachusetts, Minnesota, Montana, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, and South Dakota (“Subject States”). The loans in question were made by companies owned by Native American tribes.

South Dakota 78

South Dakota North Carolina New Hampshire Company 78

CFPB Monitor

JANUARY 5, 2016

The original complaint identified eight states with laws of this kind—Arkansas, Arizona, Colorado, Indiana, Massachusetts, New Hampshire, New York and North Carolina—and alleged that the effort to collect amounts in excess of the amounts lawfully due under state law was “unfair,” “deceptive” and “abusive” as a matter of federal law.

CA 60

CA North Carolina Company Massachusetts 60

CB Insights

NOVEMBER 6, 2019

Collectively, these startups have raised over $9.5B, with leading companies including lending startup Avant (Illinois, $655M in total disclosed equity funding), next-gen auto insurer Root Insurance (Ohio, $509M), restaurant finances management system Toast (Massachusetts, $503M), and small business lending startup Kabbage (Georgia, $490M).

United States 72

United States Fintech North Carolina Rhode Island 72

Independent Banker

JULY 1, 2015

Jamey Smith forges complete partnerships for successful commercial lending. As a successful commercial lending specialist for more than 30 years, Jamey Smith, Houston region CEO of Citizens Bank in Kilgore, Texas, has pursued a strategy of getting an in-depth understanding of potential customers and their businesses. By Judith Sears.

Analytics 70

Analytics Houston Texas Training 70

CFPB Monitor

SEPTEMBER 24, 2015

The CFPB has announced that it will hold a field hearing about arbitration in Denver, Colorado on October 7, 2015 and has asked Alan Kaplinsky, Practice Leader of Ballard Spahr’s Consumer Financial Services Group, to represent industry at the hearing.

Industry 60

Industry New Jersey Denver Colorado 60

William Mills

AUGUST 17, 2016

The best quote I’ve heard recently is, “Anyone can lend money. The AFT Fall Summit is September 25 – 27 at The Broadmoor, Colorado Springs, Colorado. While many claim to have a better platform or process, very few companies can take an idea to mainstream successfully. It is the getting paid back part that is hard.”

Conference 40

Conference Innovation Las Vegas Colorado 40