CFPB Monitor

NOVEMBER 16, 2021

New York now joins a small group of states, including Illinois and Massachusetts, that apply CRA-type laws to non-depository mortgage lenders. On November 1, New York Governor Hochul signed into law amendments (S.5246-A/A.6247-A) The amendments are effective November 1, 2022.

New York 78

New York Community Regulation Data 78

CFPB Monitor

JANUARY 12, 2021

Congress should authorize the Bureau to issue licenses to non-depository institutions that provide lending, money transmission, or payment services. Congress should grant the Bureau explicit authority to examine institutions for Military Lending Act compliance. Fintech regulation. Small dollar credit.

Report 78

Report Regulation Policies Compliance 78

Jeff For Banks

MAY 9, 2019

If you look at the support center expenses branches must absorb for operations, technology, compliance, etc. And that, my readers, is why branches (and in most cases, lending functions) have been so slow to transform their capabilities to meet the modern customers' needs. But we haven't translated less staff into more capable staff.

Survey 60

Survey Community Community Bank Resources 60

Gonzobanker

DECEMBER 19, 2017

Seriously, sit back with a pocket flask of Pappy Van Winkle, smoke a cigar (or your combustible of choice if you live in Colorado, California, Washington, Oregon, Nevada, Main or Massachusetts) and enjoy the 2017 GonzoBanker Awards. The Real “Lending” Stock Award – Goes to longtime player LendingTree. THE BANKING AWARDS.

Conference 101

Conference Industry Community Bank Community 101

Fintech Labs Insights

JANUARY 18, 2016

Online consumer lending. Person-to-person small biz lending platform. Multi-family lending management. Tags: SMB, enterprise, commercial lending, non-residential real estate, underwriting, investing. Source: Finovate. Person-to-person lender. Latest round: $59 million Series B ($153 million valuation). HQ: Bejing, China.

Company 12

Company New York City Fintech San Francisco 12

Fintech Labs Insights

AUGUST 8, 2016

HQ: Boston, Massachusetts. Compliance Science. Compliance platform for financial institutions. Tags: Institutions, underwriting, commercial lending, loans, information, BI, API. Total raised: $3.25 Source: Crunchbase. Latest round: $2.9 Total raised: $11.2 HQ: New York City. Source: FT Partners. Latest round: $28,000.

Company 12

Company Fintech New York City blockchain 12

PYMNTS

MARCH 31, 2017

That might impact not just office space, but lending activities and even FinTech. states — $22 million to Massachusetts and $2.87 Massachusetts Attorney General Maura Healey in her press conference on the settlement referenced the story of a family who ended up owing $10,000 on a $750 loan. “I The future is hazy at best.

Samsung 100

Samsung ATM Massachusetts Fraud 100

PYMNTS

NOVEMBER 8, 2017

Take, for instance, that nearly 100 years post-Prohibition, there are still eight towns in Massachusetts where the sale of alcohol is still illegal. . And that’s before you throw in the esoteric requirements of state and local jurisdiction. Merchant Partners . What’s Next . But it’s pressure that Saucey is avoiding.

Retail 101

Retail Regulation Compliance Massachusetts 101

CFPB Monitor

SEPTEMBER 13, 2018

57, disapproving of the CFPB’s Bulletin 2013-2 regarding “Indirect Auto Lending and Compliance with the Equal Credit Opportunity Act.” The states whose AGs signed the comment letter are North Carolina, California, Illinois, Maine, Maryland, Massachusetts, Minnesota, New Jersey, New York, Oregon, Rhode Island, Vermont, and Virginia.

Rhode Island 60

Rhode Island District of Columbia North Carolina Vermont 60

Fintech Labs Insights

JULY 14, 2016

HQ: Boston, Massachusetts. HQ: Cambridge, Massachusetts. Tags: Consumer, lending, alt-lending, underwriting, credit. Alt-lender and payments. Latest round: $20.6 million Post-IPO Equity. Total raised: $121.6 million (Post-IPO including $100 million Debt). HQ: Perth, Australia. Source: Crunchbase. Latest round: $17.7

San Francisco 12

San Francisco Company Fintech California 12

Fintech Labs Insights

JULY 17, 2015

Regulatory compliance solutions for new account opening. HQ:Pembroke, Massachusetts. 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 12

Fintech Company San Diego Los Angeles 12

Fintech Labs Insights

AUGUST 1, 2016

Alt-lending to small businesses. HQ: Boston, Massachusetts. Marketplace lending analytics. Tags: Consumer, lending, peer-to-peer, credit, underwriting, investing. Total raised: $42 million. HQ: Ahmedabad, India. Source: Crunchbase. West Creek Financial. Consumer purchase financing. Latest round: $28.5 million ($3.5

Company 12

Company Fintech New York City Lending 12

Gonzobanker

DECEMBER 14, 2023

Lifetime Achievement Award (Bank) Cambridge Savings CEO Wayne Patenaude looks to end a long and successful career at one of Massachusetts’ 10 largest banks. The Grow-a-Cool-Niche-Award – goes to Bank Newport for creating a national marine lending business and investing to win with more talent, partnerships and technology.

Fintech 195

Fintech Community Regional Technology 195

PYMNTS

JANUARY 26, 2018

percent related to prepaid cards and 2 percent to payday lending. The new movement on the pre-paid card rule followed news last week that the CFPB will also take another look at the payday lending rule put into place during Corday’s final days as executive director. Data like that should, and will, guide our actions.” .

Lending 101

Lending Cards Millennials Data 101

CFPB Monitor

JANUARY 7, 2021

However, the AG plaintiffs in the new lawsuit instead view the Rule as “an unlawful attempt” by the OCC to “facilitate predatory lending” and support “rent-a bank schemes.”. If a bank fails to satisfy its compliance obligations, the OCC will not hesitate to use its enforcement authority consistent with its longstanding policy and practice.

District of Columbia 78

District of Columbia North Carolina New York Policies 78