Trade groups file lawsuit in Texas federal court challenging final OCC/FDIC/Federal Reserve Community Reinvestment Act rules
CFPB Monitor
FEBRUARY 7, 2024
Several national and Texas banking and business trade groups have filed a lawsuit in the U.S.
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SEC Halts Texas Financial Firm’s ‘Illegal’ ICO
PYMNTS
JANUARY 30, 2018
In addition, the SEC alleges AriseBank “falsely stated that it purchased [a Federal Deposit Insurance Corporation]-insured bank, which enabled it to offer customers FDIC-insured accounts.” In response to the complaint, the firm said it amended its announcement about the bank. must comply with federal securities laws.
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California Dept. of Financial Protection and Innovation responds to OppFi’s attempt to block “true lender” challenge to loans made through bank partnership
CFPB Monitor
JULY 14, 2022
An amicus brief in opposition to OppFi’s Demurrer was filed by the following consumer advocacy groups: Center for Responsible Lending, California Reinvestment Coalition, Consumer Federation of California, National Consumer Law Center, Public Law Center, and UC Berkeley Center for Consumer Law & Economic Justice.
Banking's Total Return Top 5
Jeff For Banks
DECEMBER 26, 2012
This has led to $863 million of covered loans (loss share arrangements with FDIC), and a yield on such loans of 8.69%, according to its latest investor presentation. Another interesting fact is that Access National''s management team, which owns 15% of the bank, is relatively young, ranging in age between 41 and 53 years old.
Supreme Court hears arguments over jurisdiction for constitutional challenges to FTC’s enforcement authority
CFPB Monitor
NOVEMBER 8, 2022
District for the Northern District of Texas, arguing that the appointment of the ALJ was unconstitutional and deprived her of due process. SEC that the SEC’s process for appointing ALJs was unconstitutional. When the SEC brought a new proceeding against her, the CPA filed suit in U.S.
Three Small US Banks Collapse Over Past Month
PYMNTS
NOVEMBER 18, 2019
recorded its fourth bank failure this year — the first collapse of financial institutions since 2017, according to data from the Federal Deposit Insurance Corp ( FDIC ). 1 when City National Bank of New Jersey closed its three branches with assets of about $120.6 Enloe State Bank of Cooper, Texas closed May 31 with total assets of $36.7
The top-performing community banks of 2021
Independent Banker
APRIL 30, 2022
Brazos National Bank. Douglas National Bank. FSNB, National Association. Pioneer Trust Bank, National Association. AMG National Trust Bank. HNB National Bank. State Bank of Texas. Leader Bank, National Association. BNC National Bank. Stearns Bank National Association. Tuscaloosa.
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