CFPB Monitor
AUGUST 25, 2020
The central allegations in the new complaint generally track those made in the lawsuit against the OCC. The plain language of the governing federal statute applies only to interest that an FDIC-insured state bank may charge. The FDIC’s rule purports to regulate activities of non-banks which are beyond the FDIC’s jurisdiction.
PYMNTS
FEBRUARY 19, 2020
are closing branches, but the New York area is seeing more closures than most, Bloomberg reported on Wednesday (Feb. The research filtered data from the Federal Deposit Insurance Corporation (FDIC). Banks across the U.S. There was a 2.2 percent drop during the same time period a year earlier, the research showed. markets in the study.
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American Banker
AUGUST 9, 2016
New Jersey Community Bank in Freehold has exited a pair of regulatory orders. The $102 million-asset bank also said in a press release Tuesday that two siblings have resigned from its board.
American Banker
JULY 14, 2020
Unity Bancorp must improve its policies and procedures, and increase staff training, for following Bank Secrecy Act and anti-money laundering laws.
PopularBank
AUGUST 31, 2022
Popular Bank is an FDIC-insured Minority Depository Institution (MDI) , serving clients in New York, New Jersey, and South Florida. In 2021, Popular Bank’s Easy Access Checking received Bank On certification from the Cities for Financial Empowerment Fund, providing consumers with a low-cost, quality banking product.
PYMNTS
MARCH 4, 2019
As had been reported late last month, in New York City, the city council held a hearing centered on a bill that would ban stores and restaurants from being able to refuse to accept cash. A similar ban has already passed in New Jersey and similar legislation has been backed by legislators in Philadelphia and signed into law this past week.
CFPB Monitor
JUNE 12, 2020
Marlette Funding, LLC et al , arises from an enforcement action filed in 2017 by Colorado’s UCCC Administrator challenging a bank-model lending program involving a New Jersey state-chartered bank. Rather, the decision acknowledges that both the OCC and FDIC had issued proposals rejecting Madden.
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