article thumbnail

7 ways community banks can boost profitability

Independent Banker

Reiling adds that bank leadership needs to be bold enough to try things out and possibly fail, which is why Sunrise Banks implemented the 90-day check-in. A bank needs a team with diverse perspectives and unique abilities—technology, sales, lending and leadership—that is willing to work together at a heightened pace, he notes. “You

article thumbnail

NY DFS announces multistate investigation of payroll advance industry

CFPB Monitor

In its press release, the DFS claims that the investigation will look into “allegations of unlawful online lending” and “will help determine whether these payroll advance practices are usurious and harming consumers.” Under former Director Cordray’s leadership, the CFPB took action against structured settlement and pension advance companies.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Popular Bank Appoints Director of Wealth Management

PopularBank

Joseph Culotta Brings More Than 18 Years of Leadership and Wealth Management Expertise to Popular Bank. NEW YORK, NY – September 15, 2020 – Popular Bank , a subsidiary of Popular, Inc. We are thrilled to welcome Joe to our Wealth Management leadership team to head our Popular Investments business,” said Ford.

article thumbnail

The Golden Age of Banking? Depends on Us.

Jeff For Banks

Jerry Reeves, President & CEO of Sturdy Savings Bank of Cape May Court House in New Jersey and current Chairman of the NJ Bankers Association , penned an article The Golden Age of Banking in the NJBA's winter 2016 edition of New Jersey Banker magazine. It relates to the regulatory scheme. Why the rigid criteria?

US 60
article thumbnail

CFPB announces proposed consent order with companies alleged to have collected loans void under state law

CFPB Monitor

The relevant states are Arizona, Arkansas, Colorado, Connecticut, Illinois, Indiana, Kentucky, Massachusetts, Minnesota, Montana, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, and South Dakota (“Subject States”). The loans in question were made by companies owned by Native American tribes.

article thumbnail

Popular Bank’s COO Manuel Chinea Talks Small Business with Amigos de Univision

PopularBank

Popular Bank Chief Operating Officer Manuel Chinea joined Amigos de Univision and the Statewide Hispanic Chamber of Commerce of New Jersey to discuss the current state of small business amid COVID-19 on Sunday, May 17, 2020. PPP remains a valuable resource for Small Business Owners during this time.

article thumbnail

Popular Celebrates 127 Years of Service to our Communities

PopularBank

We also secured a total of $100,000 for 14 non-profit organizations and small businesses through the FHLBNY Small Business Recovery Grants Program , which serves to provide relief to organizations in New York and New Jersey.