CFPB Monitor

APRIL 19, 2021

According to the AG’s press release about the agreement, ECA closed its schools in December 2018 due to its loss of accreditation and its failure to meet federal Department of Education financial requirements. Elevation purchased the ECA Loans after the schools’ closure.

Pennsylvania 78

Pennsylvania Compliance America Meeting 78

American Banker

FEBRUARY 5, 2024

First National Bank of Pennsylvania, a unit of FNB Corp., ran into trouble in connection with North Carolina operations it acquired from Yadkin Financial in 2017.

North Carolina 28

North Carolina Pennsylvania National Operations 28

Jeff For Banks

NOVEMBER 24, 2019

The bank, First National Bank of Keystone, was $1.1 She effectively ran the bank and its operations. The Bank's Rise McConnell came to the bank in 1977 from McKeesport, Pennsylvania. And so went the birth of First National Bank of Keystone's meteoric rise. Clearly, blue-suit regulators stood out. I'm not making this up.

National 78

National West Virginia Virginia Pennsylvania 78

CFPB Monitor

DECEMBER 5, 2022

CarMax has 180 days to implement these practices, and has agreed to compliance monitoring for a period of five years. CarMax must also present consumers with copies of open recalls and obtain the consumer’s signature on a standalone disclosure document before presenting any other sales paperwork. .

Rhode Island 78

Rhode Island West Virginia South Carolina North Carolina 78

PYMNTS

FEBRUARY 28, 2020

A National Association of Federally-Insured Credit Unions (NAFCU) survey found 82 percent of credit unions were negatively affected by data breaches stemming from local businesses in the past two years, for example. The regulation applies to businesses, which it defines as any organization operating for profit.

Data 131

Data California Security Pennsylvania 131

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 14, 2023

Honorable Mentions – while this was a quiet year for M&A, we tip our hat to Atlantic Union’s acquisition of American National Bank and Eastern Bank’s acquisition of Cambridge Bank. Importantly, Jeff’s contributions to the credit union industry and the Pennsylvania community are simply too long to list.

Fintech 195

Fintech Community Regional Technology 195