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Community Bank History: Peoples National Bank, Hallstead, Pennsylvania

Jeff For Banks

Community banks tout themselves as better than national and regional banks because of how close they are to their communities. A case in point: the First National Bank of Hallstead… now Peoples National Bank (see photo). When the bank opened in 1905, Hallstead was already a thriving community.

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Lawmakers Question Amazon About Ring Smart Doorbell Data

PYMNTS

Ron Wyden of Oregon, Chris Van Hollen of Maryland, Ed Markey of Massachusetts, Chris Coons of Delaware and Gary Peters of Michigan sent a letter Wednesday (Nov. They asked whether the technology could be accessed by foreign entities, or whether the technology posed a risk to national security.

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From Farce to Menace

Independent Banker

It’s yet another disturbing proposal from the National Credit Union Administration to bureaucratically finagle its way around Congress and federal law. As ICBA wrote to the NCUA, this proposal makes a mockery of both the plain language and the clear intent of the Federal Credit Union Act.

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CFPB holds field hearing on proposed rules for prepaid accounts

CFPB Monitor

Yesterday I attended the Consumer Financial Protection Bureau’s (CFPB) field hearing in Wilmington, Delaware, at which the CFPB unveiled and accepted public comment on its long-awaited proposed rule for prepaid accounts under the Electronic Fund Transfer Act (Regulation E) and the Truth In Lending Act (Regulation Z) (the Rule).

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Walmart Amazon Whole Paycheck Tracker: Grocery Upgrades, Entertainment Expansions

PYMNTS

The goal, analysts note isn’t to steal market share from the leaders. Ron Wyden of Oregon, Chris Van Hollen of Maryland, Ed Markey of Massachusetts, Chris Coons of Delaware and Gary Peters of Michigan were co-signatories of a letter Wednesday (Nov. Both Apple and Spotify have much, much larger song catalogs that Amazon offers.

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11 New Restaurant Concepts Reimagining Fast Food & Casual Dining

CB Insights

In 2017, the National Restaurant Association reported annual sales of $799B — close to 48% of the total amount that Americans spent on food. Market share is simply shifting away from big chains that haven’t successfully innovated, flowing instead to new models for creating and selling food to customers. Next Level Burger.

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Hundreds comment on OCC proposed “true lender” rule

CFPB Monitor

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.

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