PYMNTS
OCTOBER 27, 2019
lending division in recent months, with a focus on its agriculture and energy teams, Reuters reported. The company’s agricultural lending division, which gives loans to farmers, was cut by at least 25 percent, while the bank also laid off about 7 percent of the staff from its energy lending group over the summer. billion, or 15.3
PYMNTS
OCTOBER 27, 2019
lending division in recent months, with a focus on its agriculture and energy teams, Reuters reported. The company’s agricultural lending division, which gives loans to farmers, was cut by at least 25 percent, while the bank also laid off about 7 percent of the staff from its energy lending group over the summer. billion, or 15.3
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Bobsguide
FEBRUARY 22, 2022
The core transformation program, titled “FutureCore,” is divided into phases and Consumer Lending for the 7 affiliate banks is the first phase to go live, with other phases to follow. The completion of this consumer lending installation represents our first step toward having a fully integrated core loan and deposit system.
PYMNTS
SEPTEMBER 17, 2019
While short-term lending in general has a pretty rough reputation, the pawn loan is the most ill-regarded arena in an already unloved category of consumer lending. The loan amount a borrower can get from a pawnbroker is determined solely by the value of the item itself; as in most forms of short-term lending, there is no credit check.
CFPB Monitor
APRIL 7, 2020
to resolve alleged violations by Cottonwood of the CFPA, FCRA, and TILA in the course of marketing, servicing, and collecting on payday, auto title, and unsecured consumer installment loans. The CFPB announced that it has entered into a settlement with Cottonwood Financial, Ltd., million and $286,675.64 in consumer redress.
Gonzobanker
DECEMBER 22, 2020
Financial institutions went from having no PPP lending program at all to funding their first loan in 90 days – and this with literally last-minute regulatory guidance. This is a classic bank deal – one acronym buys another at a good price and plans to cut the hell out of cost while adding markets. Market cap in January: $19B.
Independent Banker
MARCH 31, 2022
“In many ways, we have always operated with the initiative to become a true advisor to our customers, but in the last few years, it has become a strategic focus to function this way on a daily basis,” says Joe Allen, senior vice president/central market leader. Evans Bank in Boise, Idaho. A winning combo. billion-asset D.L.
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