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Santander To Pay $25M To Resolve Auto Loan Allegations

PYMNTS

million to Delaware — to resolve predatory subprime auto loan allegations. “I Auto lending is big business for Santander — it is $38.5 Earlier this year, the Office of the Comptroller of the Currency downgraded Santander’s rating in community lending. states — $22 million to Massachusetts and $2.87

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Washington Watch

Independent Banker

Even though the industry identified several major regulatory burdens, including those posed by the Truth in Lending Act and the Home Mortgage Disclosure Act, few substantive regulations were repealed. Lynda Messick , president and CEO at Community Bank Delaware in Lewes, Del.; in Lowell, Mass.;

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Finance in motion— $1B moved for $0.02

Lex Sokolin

fee on Binance, $600M of Tether printed, $200M in DeFi lending This is what it looks like, this change in the atmosphere, the fireflies all lighting up as the night comes in. Finance in motion— $1B moved for $0.02 We are here. We are in it. It makes the skin crawl. Do you think we will see another moment like this in our careers?

Bitcoin 40
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Sizzle/Fizzle: In Banking, Truth as Currency

PYMNTS

That might impact not just office space, but lending activities and even FinTech. million to Delaware — to resolve predatory subprime auto loan allegations. Auto lending is big business for Santander — it is $38.5 Big banks are not quite sure, it seems, what will happen to their positions — physical and otherwise — in London.

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Hundreds comment on OCC proposed “true lender” rule

CFPB Monitor

Supporters point out the Proposed Rule would result in strong and consistent supervision of bank-fintech partnerships across the country, ensuring fairness and compliance with applicable laws, and note the Proposed Rule would keep the costs of credit down and encourage innovation.

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