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CFPB and DOJ announce redlining settlement

CFPB Monitor

Those MSAs were the New York City-Northern New Jersey- Long Island MSA (the “NY/NJ MSA”), the Philadelphia, PA-Camden, NJ –Wilmington, DE MSA (the “Camden MSA”), and the Bridgeport-Stamford-Norwalk, CT MSA (collectively, the “three Affected MSAs”). million civil money penalty to the CFPB.

NJ 60
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Banker Quotes: As Told To Me v5

Jeff For Banks

In the third quarter 2008, the average money market account had a balance of $72,823. Regulators will focus on the fire. NJ Bank Exec: We have a handful of shore loans where we not only can''t find the building, we can''t find the land. Let''s not allow the final arbiter of our strategy to be the "no" person in compliance.

NJ 83
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Banker Quotes: As Told To Me v6

Jeff For Banks

And by the way, if Dodd-Frank tried to weed out bad actors in this market and put bankers back in the business, think again. Maybe social media is happening outside of the Marketing Department. Compliance? How do you calculate that cost, Mr. Regulator? You wold be lucky to get them to think beyond the current pipeline.

NJ 97