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.” Thus, both the OCC and FDIC have adopted regulations rejecting the Second Circuit’s Madden decision.

Utah 78

Utah California FDIC West Virginia 78

MyBankTracker

AUGUST 5, 2020

PSECU is a Pennsylvania-based credit union with a digital-first approach that allows it to provide attractive products and services – rivaling the best on the market. PSECU will rebate up to $8 per month in surcharge fees from out-of-network ATMs (usually, an out-of-network ATM operator will charge roughly $3 per transaction).

Pennsylvania 52

Pennsylvania ATM FDIC Cards 52

CFPB Monitor

MAY 16, 2019

The Sanders Bill would implicitly repeal well-established doctrines under Section 85 of the National Bank Act (enacted in 1864) and its analogue provisions (enacted in 1980) that provide usury authority for other FDIC-insured banks and thrifts. That might reasonably be construed to mean the general usury law of the borrower’s home state.

Pennsylvania 87

Pennsylvania Lending Omaha National 87