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CFPB and DOJ announce redlining settlement

CFPB Monitor

The joint complaint filed by the CFPB and DOJ in federal district court in New Jersey states that the action resulted from a joint investigation by the agencies of the bank’s lending practices following the CFPB’s referral of the bank to the DOJ pursuant to the ECOA. The proposed consent order requires the bank to pay a $5.5

NJ 60
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Banker Quotes: As Told To Me v6

Jeff For Banks

Since I estimate my Twitter community only reads about 10% of their tweet stream, and so many of my blog readers do not follow Twitter, below are selected quotes that I tweeted since version 5. Bank SVP: the mortgage lending business is like a shark. Compliance? Bank Exec: The mortgage business only has a 30-day business plan.

NJ 97
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Who were ICBA’s Top Lenders of 2022?

Independent Banker

Last year, community bank loan producers were faced with both record-low interest rates and a glut of deposits. But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. Ag lending in the South: Relationships matter.

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Highlands in N.J. Bids Adieu to SBLF Program

American Banker

million to exit the Small Business Lending Fund. Highlands Bancorp in Vernon, N.J., has raised $7.5

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