Compliance, Illinois, Lending and Security

Compliance

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Illinois regulator issues proposed Predatory Loan Prevention Act regulations; lawsuits filed to block implementation of Act’s database reporting requirement and for declaration Act does not apply to pawn transactions

CFPB Monitor

JUNE 14, 2021

In March 2021, Illinois Governor Pritzker signed into law SB 1792 , which contains the Predatory Loan Prevention Act (the “Act”). The new law became effective immediately upon signing notwithstanding the authority it gives the Illinois Department of Financial and Professional Regulation (“IDFPR”) to adopt rules “consistent with [the] Act.”.

Illinois

Illinois Regulation Report Lending

Stay On CFPB Payday Lending Rule Upheld

PYMNTS

MARCH 25, 2019

A federal judge late last week ordered a stay on the August 2019 compliance date tied to the “ payday lending rule ” mandated roughly two years ago by the Consumer Financial Protection Bureau (CFPB). The CFPB had asked the court to wait until a separate case had been decided. This is still illegal federally.”

Lending

Lending Illinois Compliance Chicago

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Webinars

Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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Trending Sources

Fintech Deals to Watch: Fall Festivities

Gonzobanker

SEPTEMBER 21, 2023

NYMBUS secured Series D financing (led by Insight Partners), partnered with Hurdlr for small business banking; with Atty Bank, Saint Louis Bank ’s legal community bank; and with Roger, Citizens Bank of Edmond ’s military niche bank. Core10 secured a Series B funding round led by Patriot Financial Partners with JAM FINTOP and the ICBA.

Fintech

Fintech Software Illinois Lending

Webinars

Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

MORE WEBINARS

Figure CEO: Figure Pay, National Bank Charter Will Boost Financial Inclusion

PYMNTS

NOVEMBER 23, 2020

While many digital-first companies springboard from payments into lending, Figure Technologies , a FinTech focused on home improvement, debt consolidation and retirement products that leverage blockchain protocols, is branching out from lending into payments. Blockchain and a bank charter might do much to boost financial inclusion.

National

National blockchain Montana Lending

Springboard to Excellence

Independent Banker

SEPTEMBER 21, 2015

ICBA’s in-depth certification programs vault compliance officers to the highest standards. imberly Anderson, senior vice president and chief administrative officer of Cañon National Bank in southern Colorado, became her community bank’s loan compliance officer in 2003. By Ed Avis.

Compliance

Compliance Community Bank Community Training

Fintech Fundings: 36 Companies Raise $480 Million Week Ending March 18

Fintech Labs Insights

MARCH 22, 2016

million for its P2P lending platform for small businesses. million for its compliance tools. Alt-lender focused on lending against existing automobile titles. HQ: Chicago, Illinois. P2P real estate lending marketplace. Peer-to-peer lending marketplace. SmartAsset raised $3.8 Qumram raised $2.5 LendInvest.

Company

Company New York City Fintech Colorado

Fintech Fundings: 30 Companies Raise $390 Million Week Ending May 13

Fintech Labs Insights

JUNE 6, 2016

HQ: Chicago, Illinois. Tags: SMB, payments, mobile, merchants, acquiring, security, credit/debit cards. Consumer alt-lender. Latest round: $188 million Debt (for AvantCredit UK). Total raised: $1.92 billion ($654 million Equity, $1.26 billion Debt). Source: Crunchbase. Bridge2Solutions. Latest round: $35 million Series A.

Company

Company Fintech San Francisco New York City

Fintech Fundings: 21 Companies Raise $460 Million Week Ending April 1

Fintech Labs Insights

APRIL 4, 2016

Bluefin Payments received $6 million to expand its secure payment system. Tags: Consumer, lending, deposits, loans, payments, banking, underbanked, non-banked. Stratumn grabbed $670,000 for its blockchain services. Here are the fintech deals by size from 26 March to 1 April 2016: Ceridian. HQ: California City, California. LoanLogics.

New York City

New York City Company Fintech California

Fintech Fundings: 22 Companies Raise $300 Million Plus 2 IPOs Raise $5.9 Billion

Fintech Labs Insights

OCTOBER 19, 2015

Secure messaging for financial services. Bitcoin compliance solutions. HQ: Lombard, Illinois. Tags: Enterprise, IDology (investor), security, risk management, payments, Finovate alum. Alt-lender to small businesses. HQ: Atlanta, Georgia. Latest round: $135 million at $1 billion valuation. Total raised: $600 million.

New York City

New York City Company Fintech New York

Who were ICBA’s Top Lenders of 2022?

Independent Banker

JUNE 30, 2022

Here, we highlight some of last year’s most successful loan producers in the areas of agriculture, commercial and consumer/mortgage lending. The score combines the average of the bank’s percentile rank for lending concentration and for loan growth over the past year in each lending category. By Ed Avis. Methodology. AGRICULTURE.

Community Bank

Community Bank Community National Philadelphia

17 Of The Biggest Startup Frauds Of All Time

CB Insights

MAY 23, 2019

Zenefits skirts compliance regulations. After a comprehensive investigation by the Securities and Exchange Commission, Holmes was banned from the laboratory testing industry for two years and was ultimately charged with wire fraud by the Department of Justice in summer 2018. Zenefits skirts compliance regulations. The Outcome.

Fraud

Fraud Las Vegas Company Video

Fintech Fundings: 30 Companies Raised $330 Million First Week of August

Fintech Labs Insights

SEPTEMBER 1, 2016

Lending marketplace for small businesses. HQ: Evanston, Illinois. Tags: Institutions, lenders, mortgage, lending, customer service, mobile, account opening. Source: Crunchbase. Online payment service. Latest round: $15 million Series B. Total raised: $15 million. Source: Crunchbase. Mobile insurance broker. Latest round: $14.75

New York City

New York City Company Fintech Comparison

Fintech Fundings: 20 Companies Raise $300 Million Week Ending July 17

Fintech Labs Insights

JULY 17, 2015

Regulatory compliance solutions for new account opening. HQ: Chicago, Illinois. Tags: P2P, lending, consumer, loans, underwriting, investing, marketplace lender. In total, 20 companies raised $294 million, all in equity (as far as we know). Here are the fundings from July 11 through July 17 in order of magnitude: Fenergo.

Fintech

Fintech Company San Diego Los Angeles

Fintech Fundings: 21 Companies Raise $260 Million Week Ending Feb 12

Fintech Labs Insights

FEBRUARY 15, 2016

HQ: Chicago, Illinois. HQ: Chicago, Illinois. Tags: Consumer, SMB, loans, credit, lending, underwriting. HQ: Oakland, California. Source: Crunchbase. Maestro Health. Employee benefits and health insurance services. Latest round: $53 million. Total raised: $53 million. Latest round: $25 million Series B. Total raised: $30.7

Company

Company Fintech New York City Comparison

Fintech Fundings: 27 Companies Raise $345 Million Week Ending August 14

Fintech Labs Insights

AUGUST 14, 2015

million), mobile security provider Tyfone ($6.6 HQ: Highland Park, Illinois. Mobile security & payments. Mobile & payment security . Tags: Mobile, security, payments, insurance. HQ: London, England, UK. Latest round: $100 million ($87.5 million Debt, $12.5 million Equity). Total raised: $100 million($87.5

New York City

New York City Company Fintech New York

Community Banking Brief

Illinois regulator issues proposed Predatory Loan Prevention Act regulations; lawsuits filed to block implementation of Act’s database reporting requirement and for declaration Act does not apply to pawn transactions

Stay On CFPB Payday Lending Rule Upheld

Webinars

Trending Sources

Fintech Deals to Watch: Fall Festivities

Webinars

Figure CEO: Figure Pay, National Bank Charter Will Boost Financial Inclusion

Springboard to Excellence

Fintech Fundings: 36 Companies Raise $480 Million Week Ending March 18

Fintech Fundings: 30 Companies Raise $390 Million Week Ending May 13

Fintech Fundings: 21 Companies Raise $460 Million Week Ending April 1

Fintech Fundings: 22 Companies Raise $300 Million Plus 2 IPOs Raise $5.9 Billion

Who were ICBA’s Top Lenders of 2022?

17 Of The Biggest Startup Frauds Of All Time

Fintech Fundings: 30 Companies Raised $330 Million First Week of August

Fintech Fundings: 20 Companies Raise $300 Million Week Ending July 17

Fintech Fundings: 21 Companies Raise $260 Million Week Ending Feb 12

Fintech Fundings: 27 Companies Raise $345 Million Week Ending August 14

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