CFPB Monitor

OCTOBER 25, 2022

Following up on a threat it made back in 2018 , the New York State Department of Financial Services (DFS) announced on October 6, 2022 that it entered into a consent order with Rhinebeck Bank (“Rhinebeck”) to settle discrimination claims involving discretionary dealer markups on retail installment contracts with minority borrowers.

New York 78

New York Lending Community Bank Community 78

CFPB Monitor

NOVEMBER 6, 2023

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Rhode Island 78

Rhode Island District of Columbia West Virginia Community 78

Independent Banker

DECEMBER 31, 2021

Independent Banker ’s annual Community Bank CEO Outlook survey reveals how community bank leaders plan to leverage today’s deposit-laden banking environment to grow this year. Janet Silveria, Community Bank of Santa Maria. So, what’s at the top of community bank leaders’ to-do lists? What changes will 2022 bring?

Community Bank 144

Community Bank Community Lending Louisiana 144

PYMNTS

APRIL 5, 2019

Silicon Valley-based financial services startup Earnin has potentially run afoul of New York State regulators with its payday advance product for consumers. New York is one of 15 states where payday lending has been banned and interest rates have been capped at 25 percent.

Regulation 100

Regulation New York Lending Capital 100

Finer Points

OCTOBER 6, 2014

A new report exposing the New York Fed’s coddling of Wall Street megabanks—particularly Goldman Sachs—is making waves in Washington. And why shouldn’t it?

Community Bank 192

Community Bank Community New York Washington 192

PYMNTS

FEBRUARY 1, 2021

Manhasset, New York-headquartered Apple Bank For Savings will have to pay a $12.5 million fine for violating anti-money laundering (AML) regulations, The Wall Street Journal reported on Monday (Feb. Apple Bank is chartered in New York and has locations across the state.

Apple 150

Apple FDIC New York Compliance 150

American Banker

APRIL 11, 2024

New York Community Bancorp took a massive loan-loss provision and slashed its dividend to meet tougher capital and liquidity requirements after rocketing by that asset mark. A half dozen regionals face tough questions about whether they're better prepared than NYCB, which had to be rescued.

New York 74

New York Regional Community Meeting 74

American Banker

MARCH 19, 2023

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New York 68

New York Community cryptocurrency Compliance 68

American Banker

DECEMBER 20, 2019

Industrial Bank CEO Doyle Mitchell has spent countless hours in New York since his bank bought the failed City National in November, meeting with existing customers and plotting his growth plans.

New York 59

New York Industry Meeting National 59

Independent Banker

MARCH 31, 2022

Executive committee members tell us what advocacy issues they’ll be focused on during their terms, while board members share their words of wisdom for up-and-coming community bankers: themselves. To sum it up, these leaders are all in and all heart for community banking. We are not Wall Street banks—we are community banks.

Community Bank 239

Community Bank Community Industry Texas 239

PYMNTS

JULY 12, 2018

New York’s Department of Financial Services is recommending that online lenders are subjected to the same scrutiny and regulations that traditional banks face. Cuomo on June 1, 2017, required DFS to study online lending in New York State and submit a report of its findings. A bill signed by Governor Andrew M.

Online 100

Online New York Lending Regulation 100

American Banker

OCTOBER 26, 2016

The regulatory environment could be looking brighter for New York Community Bancorp as it is poised to cross an important regulatory threshold.

New York 28

New York Community Regional National 28

PYMNTS

OCTOBER 11, 2020

13 and be based in New York, according to today’s announcement, which states, “He will manage all aspects of consumer lending, from mortgages to auto lending, responsible for driving the growth of the businesses and their products.”. He will join the bank Oct.

Lending 160

Lending New York Virginia Boston 160

American Banker

DECEMBER 21, 2022

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New York 78

New York Regulation Community Bank Community 78

American Banker

DECEMBER 15, 2023

New York Gov. Kathy Hochul signs a law banning medical debt on credit reports; PayPal's former CEO Dan Schulman will exit the board; community banks boost small-business loan approvals; and more in the weekly banking news roundup.

New York 69

New York Community Bank Community Report 69

American Banker

JANUARY 24, 2022

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New York 74

New York Community Compliance Regulation 74

American Banker

APRIL 27, 2022

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New York 69

New York Strategy Community Compliance 69

PopularBank

DECEMBER 7, 2022

Recently, Florida passed SB 4-D, a new safety regulation for condominium and cooperative association buildings. The new condo safety laws center around inspection requirements, mandatory reserves, and more transparency for unit owners and prospective unit owners on information regarding the condition of the buildings.

Community 52

Community Florida Study ATM 52

PYMNTS

NOVEMBER 7, 2019

Hong Kong’s chief securities regulator is calling on the world regulators to get on the same page when it comes to Facebook’s Libra to avoid the “real risk of regulatory arbitrage.”. “If But then came Facebook’s Libra, and the international regulatory community had to get its act together very rapidly.”.

blockchain 102

blockchain Bitcoin Regulation New York 102

American Banker

MARCH 6, 2024

However, he likely will avoid the topic of financial-sector stability, even amid a private-sector rescue of New York Community Bancorp. President Joe Biden is expected to lean in on banking issues such as credit card late fees and overdraft fees Thursday evening in his annual address to Congress.

New York 60

New York Community Cards Policies 60

American Banker

JUNE 30, 2020

The New York State Department of Financial Services issued a letter Tuesday reminding lenders of amendments to the state's Community Reinvestment Act, under which banks are evaluated on how they meet the credit needs of businesses owned by women and minorities.

New York 72

New York Regulation Lending Community 72

American Banker

OCTOBER 28, 2022

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New York 69

New York Community Compliance Regulation 69

PYMNTS

NOVEMBER 9, 2017

Small banks do not want to compete with the Amazons and Walmarts of the world when it comes to offering financial services for clients — and as of today, they more or less are protected from having to do so by regulations that prevent banks’ holding companies from branching too far outside of core financial services businesses.

Regulation 100

Regulation Retail New York Apple 100

American Banker

FEBRUARY 14, 2024

Federal Reserve Vice Chair for Supervision Michael Barr Wednesday downplayed the significance of recent turmoil at New York Community Bank, noting that liquidity and stability in the banking system is in "much better shape than it was last spring."

New York 50

New York Community Bank Community System 50

American Banker

APRIL 16, 2024

detailed how New York Community Bank grew to exceed the $100 billion threshold that triggers tougher bank requirements and set the bank on a path to market turmoil via a series of deals that were approved, in part, by the Office of the Comptroller of the Currency. Elizabeth Warren, D-Mass., and Richard Blumenthal, D-Conn.,

New York 41

New York Community Bank Community Marketing 41

PYMNTS

MAY 28, 2019

The district attorney of Manhattan has also launched a criminal investigation into the industry, while the New York State attorney general’s office is in the midst of a civil probe into the matter that revealed last year , reports said. ”Let’s say confessions of judgment are an unfair practice,” he said.

Washington 140

Washington New York Lending Regulation 140

CFPB Monitor

APRIL 15, 2022

Three credit unions have filed a federal class action lawsuit in the Southern District of New York seeking to halt the enforcement or implementation of New York’s recently passed S.B. The class the credit unions seek to represent consists of similarly situated New York holders of unsatisfied consumer debt judgments.

New York 147

New York United States Policies Compliance 147

PYMNTS

JANUARY 22, 2021

The company aimed to bring internet access to remote communities and low-income areas unable to afford the technology. The company worked alongside global aviation and communications regulators, devising ways “to safely fly a lighter-than-air vehicle for hundreds of days in the stratosphere to anywhere in the world,” Westgarth said.

New York 181

New York Regional Community Software 181

American Banker

MAY 6, 2016

Maria Vullo, still stuck in limbo as acting superintendent of the New York State Department of Financial Services, is hindered from putting her mark on the agency until she gets confirmed. So a quiet guessing game is going on about how her supervisory philosophy will compare with her predecessor Benjamin Lawsky.

New York 28

New York Regulation Cyber Security Community Bank 28

PYMNTS

AUGUST 28, 2019

While Facebook’s proposed cryptocurrency Libra hangs in regulatory limbo over concerns of money laundering and a threat to financial stability, popular social network Telegram has plans to release its own cryptocurrency by October, according to a report by The New York Times. “A

cryptocurrency 188

cryptocurrency New York Regulation Community 188

PYMNTS

JANUARY 14, 2021

He said the majority of nonresidents getting shots are snowbirds who live there part-time and have previously established medical relationships in the community. So that’s a little bit different than somebody that’s just doing tourism,” the governor said at a news conference, per AP. They have relationships with doctors.

Florida 146

Florida New York Community Conference 146

PYMNTS

NOVEMBER 6, 2019

5) when Jersey City residents voted to apply more regulations to short-term rentals, a decision that could have repercussions as the company prepares for an IPO, according to a report by CNBC. million to fight the regulations. Airbnb said it was fighting for its community. Airbnb suffered a blow on Tuesday (Nov.

New Jersey 101

New Jersey Regulation New York Community 101

Jeff For Banks

NOVEMBER 4, 2017

"We want to keep our charter because the OCC is a more distinguished regulator." But more difficult than claiming the OCC is a better regulator? All America Bank is a traditional community bank located near Oklahoma City, and has been around since the 1960's. On a more traditional front, I point to UNSY Bank in upstate New York.

Community Bank 60

Community Bank Community Oklahoma City America 60

Abrigo

DECEMBER 18, 2023

WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters. But that might not be the best move for your financial institution or your community. You might also like this webinar on credit department housekeeping.

Risk Management 221

Risk Management Management Lending Capital 221

PYMNTS

JANUARY 29, 2020

As online lending platforms proliferate among the SMB borrowing community, however, experts warn that a lack of regulation means these companies rarely publicly reveal interest rates and fees. On top of that, MacKrell said the government is not sufficiently enlightening the small business community about the risks of online lenders.

Lending 136

Lending New York Online New Jersey 136

PYMNTS

AUGUST 12, 2019

26, and she will be based in New York City. Last month, Wells Fargo also added four new executives to its roster. The company revealed that David Kowach has been named head of community banking, while Jim Hays has come on board as president and head of Wells Fargo Advisors. Her first day will be Aug.

New York City 179

New York City Pennsylvania New York Community Bank 179

PYMNTS

MAY 15, 2020

On Wednesday (May 13), New York City became the latest city to enact protections for eateries. and Jersey City were among the first communities to implement caps on delivery fees through emergency orders last month. San Francisco, Seattle, Washington, D.C.

San Francisco 131

San Francisco New York City Seattle Washington 131