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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.

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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

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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. Because regulators would approve no one else.

US 60
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The 2022 GonzoBanker Awards

Gonzobanker

As if that wasn’t enough, regulators took a sledgehammer to debit fee income with Reg II changes that will begin reducing card-not-present interchange fees starting in July 2023. SoFI gets a commercial bank that brings deposits, compliance, AND business lending. Goes to New England Federal Credit Union and Vermont State Credit Union.

Community 216
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The 2019 GonzoBanker Awards

Gonzobanker

picks up Bancorp of New Jersey, Inc. And Partners CEO John Janclaes helped put Kony on the market map in mid-size shops, even keynoting Kony’s conference with a leadership book in tow. Bank Acquisition of the Year. ConnectOne Bancorp, Inc. Hats off to Frank Sorrentino and team.

Idaho 148
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CFPB announces plans to supervise more nonbanks; Ballard Spahr to hold May 11 webinar on Director Chopra’s first six months in office

CFPB Monitor

The webinar will address the CFPB’s announcement regarding supervision of nonbanks as well as other actions taken under the leadership of Director Chopra. The procedures allow a nonbank to consent to CFPB supervision at any time. For more information and to register, click here.

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The 2018 GonzoBanker Awards

Gonzobanker

There is a nice mix of the executive gene pool among these two organizations to build the future leadership team, and this deal helps CenterState gain scale as it moved past the dreaded $10 billion regulatory mark. This award goes to Ally Bank ’s mind-numbingly fast growth in its auto lending unit. Banks Leveraging Fintechs Award.

Fintech 105