Abrigo

MAY 24, 2023

“Without full access to the banking and payments system, legal cannabis businesses are forced to operate in the shadows,” said Sen. Sherrod Brown, D-Ohio, in the same hearing. As such, companies are forced to operate in a cash-only model, which can result in robbery, money laundering, and organized crime.

Lending 195

Lending Fraud Operations Ohio 195

Independent Banker

SEPTEMBER 25, 2014

This is particularly true for community banks preparing to undergo their next regulatory safety and soundness or compliance examination. As David Barr, spokesperson for the FDIC, points out, “a vast majority of community banks remain well-rated and exhibit satisfactory corporate governance programs and compliance management systems.”.

Compliance 101

Compliance Regulation Community Bank Community 101

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 172

Community Bank Community National Philadelphia 172

CFPB Monitor

SEPTEMBER 10, 2020

Thereafter, “using its existing lending operations and personnel, LoanMart commenced ‘marketing’ and ‘servicing’ auto title loans purportedly made by CCBank, a small Utah-chartered bank operating out of Provo, Utah.” The DOB indicated that such loans have interest rates greater than 90 percent.

Utah 78

Utah California FDIC West Virginia 78

Gonzobanker

DECEMBER 19, 2022

SoFI gets a commercial bank that brings deposits, compliance, AND business lending. Goes to MoneyLion for lots of obvious inappropriate behavior including violating the Military Lending Act regarding capped lending rates. Acquisition of the Year: The No Time to Breathe Award. The Appropriate CFPB Target Award.

Community 216

Community Fintech Industry Innovation 216

FICO

JANUARY 5, 2023

With a weakening economy, BNPL firms have seen a rise in bad debts, growing losses, increased costs of operations and tumbling share prices. Some BNPL firms already are providing disclosures mandated by the Truth-in-Lending Act. For Public Companies, Cybersecurity Compliance with New SEC Rules will be a Top Priority.

Policies 52

Policies Company Regulation Risk Management 52