CFPB Monitor
OCTOBER 4, 2022
The Justice Department announced that it has entered into an agreement with Lakeland Bank to settle the DOJ’s claims that Lakeland engaged in unlawful redlining in the Newark, New Jersey metropolitan area. Those services were not available in majority-Black and Hispanic neighborhoods in the Newark Lending Area.
PopularBank
JUNE 10, 2021
Leveraging its institutional depth, Popular Bank works side-by-side with business and retail customers delivering competitive business and retail offerings including Retail and Private Banking , Commercial Lending , Mortgage Services , Association Lending , Healthcare financing , and Middle Market banking. About Popular Bank.
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Jeff For Banks
NOVEMBER 9, 2018
March 2017 - Failed the OCC's community lending test causing "significant harm to customers." February 2018 - Regulators limit WF growth due to "widespread consumer abuses and compliance breakdowns." The spate of bad news led to Wells launching a nationwide ad campaign to repair its image. Some of whom were deployed overseas.
PopularBank
MARCH 11, 2020
Leveraging its institutional depth, Popular Bank works side-by-side with business and retail customers delivering competitive business and retail offerings including Retail and Private Banking , Commercial Lending , Mortgage Services , Association Lending , Healthcare financing , and Middle Market banking.
CFPB Monitor
SEPTEMBER 25, 2015
The joint complaint filed by the CFPB and DOJ in federal district court in New Jersey states that the action resulted from a joint investigation by the agencies of the bank’s lending practices following the CFPB’s referral of the bank to the DOJ pursuant to the ECOA. million civil money penalty to the CFPB.
CFPB Monitor
AUGUST 7, 2019
In its press release, the DFS claims that the investigation will look into “allegations of unlawful online lending” and “will help determine whether these payroll advance practices are usurious and harming consumers.” New Jersey Department of Banking and Insurance. Illinois Department of Financial Professional Regulation.
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.”. The OCC anticipated and refuted many of the Complaint’s allegations in the Supplementary Information published with the final Rule.
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