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Hawaii enacts significant changes to small-dollar lending law

CFPB Monitor

Hawaii recently enacted significant changes to its small-dollar lending law that repeals existing Hawaii law on deferred deposits and creates a new regime for installment loans. 1192 provides that, unless exempt, no person can act as an “installment lender” in Hawaii unless licensed. Although H.B. Although H.B.

Hawaii 78
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Regulators pledge support for institutions in Hawaii's wildfire zone

American Banker

Banking and credit union regulators encouraged compassionate treatment of customers in Hawaii communities hit by wildfires. They also vowed to grant expedited approvals of temporary banking facilities, be flexible in compliance matters and provide other support to financial institutions.

Hawaii 36
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Brad M. Bolton: Our greatest assets

Independent Banker

I encourage you to join us and lend your voice to supporting these and other advocacy efforts, which will shape the policy landscape. This year, gathering for ICBA LIVE in Hawaii and bringing our collective forces to Washington in the spring to advocate for our priorities will aid in ensuring community banks continue to flourish.

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Bank of Hawaii's Profit Rises on Commercial, Residential Mortgages

American Banker

Bank of Hawaii expanded lending for residential mortgages and commercial real estate, boosting its third-quarter profit.

Hawaii 28
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FinCEN reissues real estate Geographic Targeting Orders

Abrigo

Real estate lending BSA training should include GTO guidance , specifically on how to identify red flags at loan origination. Real estate lending BSA training should include the GTOs guidance. FinCEN reissued Geographic Targeting Orders to include two new metropolitan areas. to ensure the detection of these transactions.

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Hawaii banks gird for prolonged tourism slump

American Banker

A prosperous decade leading up to the pandemic had left lenders in good shape, but they're worried the economic shock to the state's most vital industry could linger into 2022.

Hawaii 45
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What Grubhub, Uber Can Teach CUs About Loyalty And Rewards

PYMNTS

Mazie Hirono of Hawaii and Dan Sullivan of Alaska entered the bill into consideration earlier this month, and several CU organizations — including the Hawaii and Alaska Credit Union Leagues as well as the Credit Union National Association (CUNA) — have so far praised it. percent of assets.

Alaska 154