CFPB Monitor

SEPTEMBER 25, 2015

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. million civil money penalty to the CFPB.

NJ 60

NJ New Jersey New York Philadelphia 60

PYMNTS

DECEMBER 7, 2018

Though not venture capital, the private equity raised for New Jersey-chartered community bank Cross River Bank is noteworthy not only for its impressive price tag of $100 million, but for its reflection of investors’ support for financial institutions that collaborate with the tech startup scene. Cross River Bank.

Analytics 176

Analytics Data Capital Software 176

CFPB Monitor

SEPTEMBER 13, 2018

57, disapproving of the CFPB’s Bulletin 2013-2 regarding “Indirect Auto Lending and Compliance with the Equal Credit Opportunity Act.” As the Supreme Court aptly recognized in Inclusive Communities , limitations on disparate impact liability are necessary to protect potential defendants from abusive disparate impact claims.

Rhode Island 60

Rhode Island District of Columbia North Carolina Vermont 60

Jeff For Banks

DECEMBER 15, 2013

What about paying for that army of operations, IT, compliance, finance, and executives back there at home office? If you are consolidating a branch into another in the next town over, select your best people to run the consolidated branch, ideally with residents from each community. But hold on. Lend, lend, lend! - Those are my ideas.

How To 87

How To Community New Jersey social media 87

Gonzobanker

DECEMBER 19, 2022

SoFI gets a commercial bank that brings deposits, compliance, AND business lending. Hats off to Thomas Shara at Lakeland and Tony Labozzetta of Provident for architecting the new $25 billion super-community bank in New Jersey. Let’s see how this new scale allows for big investments in future innovation.

Community 216

Community Fintech Industry Innovation 216

Independent Banker

DECEMBER 29, 2015

is becoming a more sales-conscious community bank. A key player in this transition is Jason Boling, whose broad job description includes helping develop and implement the $340 million-asset community bank’s retail strategy. He shares this message with every new associate he trains. Countybank in Greenwood and Greenville, S.C.,

Retail 70

Retail New Jersey Training Compliance 70

PYMNTS

OCTOBER 28, 2016

The average rate of a new bitcoin ATM? Not to make them out to be a toast attraction, but the other kiosks can be checked out in New York, New Jersey, Pennsylvania, Texas, Louisiana and Nevada. The math comes out to one per week. Could this really show bitcoin’s supply, demand and overall popularity?

Bitcoin 100

Bitcoin ATM Cards Los Angeles 100

Jeff For Banks

OCTOBER 13, 2011

This dates back to an interview I did with American Banker about a community FI that was opening coffee shop branches. An industry stock analyst told me that big banks have advantages over small banks because they can pay for increased compliance expenses by closing branches. The community FI may not have this luxury.

Branch Strategies 70

Branch Strategies New Jersey Strategy Capital 70