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OCC Releases Community Reinvestment Act (CRA) Evaluations

Perficient

The Office of the Comptroller of the Currency (OCC) has released 15 Community Reinvestment Act (CRA) performance evaluations. Reviews, which can take weeks, assess an institution’s performance in helping to meet the credit needs of communities, including those of low or moderate income within its assessment area. 12/14/2020.

Community 294
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Augmented Chat: The Benefits of Personal Service in Digital Contexts

Jack Henry

Heidi Kassab, CEO of Cornerstone Community Financial (CCF) in Michigan, wasn’t thinking about a global pandemic when she decided to implement a secure, augmented chat solution. In fact, she wasn’t sure why her digital banking provider was so focused on building the new technology back in 2018. “[Ben

Michigan 179
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Michigan’s November 2022 Ballot to Include Fair Lending Proposal Capping Payday Loan Interest Rates

CFPB Monitor

Proponents of the Payday Loan Interest Rate Cap ballot initiative in Michigan met the June 1, 2022 deadline to appear on the November 2022 ballot in the state. If passed, Michigan would join 18 states plus the District of Columbia that have capped payday loan rates at 36% APR or less.

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Sterling in Michigan pleads guilty to securities fraud

American Banker

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Amazon To Shut Down Free Sample Program

PYMNTS

Amazon is no stranger to privacy issues, and recently f ive senators wrote a letter to Amazon CEO Jeff Bezos, asking him to explain how security surveillance company Ring uses peoples’ data and videos. They asked whether the technology could be accessed by foreign entities and whether the technology posed a risk to national security.

Delaware 140
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Horizon in Indiana takes $33M hit in balance sheet restructuring

American Banker

The Michigan City company, part of a growing list of banks announcing similar overhauls, aims to sell nearly $400 million of securities and reinvest the proceeds in higher-yielding loans.

Indiana 36
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Amazon Discontinues Free Sample Program

PYMNTS

Amazon is no stranger to privacy issues, and recently f ive senators wrote a letter to Amazon CEO Jeff Bezos, asking him to explain how security surveillance company Ring uses peoples’ data and videos. They asked whether the technology could be accessed by foreign entities and whether the technology posed a risk to national security.

Delaware 130