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FDIC hires counsel to investigate now defunct Operation Choke Point

CFPB Monitor

On November 15, 2018, in response to a November 7, 2018 letter from Republican Senators , FDIC Chairman Jelena McWilliams announced that the FDIC has engaged outside counsel to investigate the Obama-era Operation Choke Point, under which the FDIC and other government agencies pressured banks not to do business with payday lenders.

FDIC 68
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Popular Association Banking’s Molly Hime to Retire. Carlos Hernandez Named New Division Manager.                                       

PopularBank

Under her leadership, the team has quadrupled in size and has originated more than $5 Billion in association loans as well as more than $1.6 Carlos has been with Popular since 2005 and most recently was head of Retail Banking for the South Florida Region. PAB has an active lending platform in over 30 states. Billion in deposits.

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Acquire or Be Acquired 2018: Breaks, Bulls and Business Models

Gonzobanker

Big announcements like JP Morgan Chase’s to hike the pay of 22,000 workers and build 400 new branches certainly had bankers inspired to show some level of investment and even civic leadership from the tax break. In addition to a historic tax cut, bankers were equally excited by the shifting winds and tone of the regulatory environment.

Taxes 75
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Traditional Banks v. Alternative Lenders: How Goliath Can Beat David

Banking 2020

The rapid emergence of crowdfunding, alternative lending, and peer-to-peer transactions strongly indicates that small businesses are shifting away from the traditional banking environment. According to FDIC Data Calls as outlined in the Forbes , in the 4th Quarter of 2014, traditional banks’ commercial loan portfolios saw a 3.1%