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.

NJ 60

NJ New Jersey New York Philadelphia 60

CFPB Monitor

AUGUST 7, 2019

The first CFPB enforcement action under former Acting Director Mulvaney’s leadership was also filed against a pension advance company and alleged that the company made predatory loans to consumers that were falsely marketed as asset purchases. New Jersey Department of Banking and Insurance.

Industry 92

Industry Puerto Rico South Dakota North Dakota 92

Jeff For Banks

DECEMBER 15, 2013

What about paying for that army of operations, IT, compliance, finance, and executives back there at home office? Many if not most financial institutions are looking hard at smaller branches in smaller markets to consolidate and create a bigger branch that can deliver better results. But hold on. Those are my ideas. What are yours?

How To 87

How To Community New Jersey social media 87

Jeff For Banks

AUGUST 10, 2012

I created a case study of a bank called Blue Collar Bank, a New Jersey thrift whose vision was to be the #1 financial institution for working families in its markets. Imagine having Marketing and IT reporting to the executive in charge of Product Management and Distribution? But I digress.

Strategy 74

Strategy North Carolina New Jersey Case Study 74

Independent Banker

DECEMBER 29, 2015

However, we are experiencing differing results in our two markets.”. For example, at the bank’s retail centers in Greenville, which are in a newer market for the bank, more clients rely on self-service channels, so the transaction volume there is not as heavy. He shares this message with every new associate he trains.

Retail 70

Retail New Jersey Training Compliance 70

Fintech Labs Insights

MAY 13, 2015

.” By way of our full-technology stack and regulatory licenses, financial companies that currently offer investing in their local markets (i.e., We present to these partners embeddable HTML5 “widgets” for account opening, funding, compliance document upload and trading. HQ: Chatham, New Jersey.

US 12

US New Jersey Marketing Compliance 12

FICO

FEBRUARY 16, 2023

A cluster of states in the northeastern US accounted for an additional 29%, and included New York, New Jersey, Pennsylvania, Maryland and Virginia. When looking at total fraud cases related to skimming, we saw that 70% were tied to POCs in 5 states: California (38%), New York (16%), Pennsylvania (6%) and Florida/Washington (5%).

Cards 98

Cards US Data Fraud 98

Jeff For Banks

OCTOBER 13, 2011

I gave a twofold comment: 1) I saluted the FI for being creative; and 2) I doubted it would work, particularly in the locations and relatively conservative markets where they tried it. An industry stock analyst told me that big banks have advantages over small banks because they can pay for increased compliance expenses by closing branches.

Branch Strategies 70

Branch Strategies New Jersey Strategy Capital 70

PYMNTS

JANUARY 19, 2021

With a nod toward GeoGuard’s own offerings, Briggs noted that upon the buildout of the firm’s geolocation compliance system, the goal had not been, explicitly, to craft a geolocation anti-fraud system. “It Bit by bit, then, we may see the emergence of a technical framework, tied to KYC and anti-money laundering ( AML ) compliance.

Data 227

Data Fraud Los Angeles Compliance 227

CB Insights

AUGUST 16, 2017

AvidXchange , a fintech startup that automates invoicing and payment processing for midsize companies, aims to use its Q2’17 funding round to enhance its SaaS product offering and expand into new markets. Select Round Investors: Greylock Partners, Institutional Venture Partners, Lightspeed Venture Partners.

Meeting 68

Meeting US Capital North Carolina 68

PYMNTS

MARCH 31, 2020

California, New Jersey, New York and Washington have different laws, for example, and companies operating in all of these states must comply with each. These firms are expected to comply with all new rules that present themselves, both in their home countries and abroad — a costly endeavor. It can be difficult for U.S.

Regulation 154

Regulation Data US Washington 154

CB Insights

AUGUST 14, 2017

AvidXchange , a fintech startup that automates invoicing and payment processing for midsize companies, aims to use its Q2’17 funding round to enhance its SaaS product offering and expand into new markets. Select Round Investors: Greylock Partners, Institutional Venture Partners, Lightspeed Venture Partners.

US 28

US Capital North Carolina Data 28

CFPB Monitor

DECEMBER 18, 2020

and their individual owner that alleged the defendants violated the Consumer Financial Protection Act and the South Carolina Consumer Protection Code by brokering high-interest loans to consumers that were marketed as purchases of the consumers’ future pension or disability payments. and Life Funding Options, Inc.,

South Carolina 78

South Carolina Company Arkansas New Jersey 78

Gonzobanker

DECEMBER 19, 2022

TD has been a player that maintained its acquired market share so we are hoping this one doesn’t get messed up like other Canadian banks that have struggled in the Southwest. SoFI gets a commercial bank that brings deposits, compliance, AND business lending. Goes to New England Federal Credit Union and Vermont State Credit Union.

Community 216

Community Fintech Industry Innovation 216

PYMNTS

DECEMBER 7, 2018

Though not venture capital, the private equity raised for New Jersey-chartered community bank Cross River Bank is noteworthy not only for its impressive price tag of $100 million, but for its reflection of investors’ support for financial institutions that collaborate with the tech startup scene. Cross River Bank. Wise Systems.

Analytics 176

Analytics Data Capital Software 176