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CFPB holds hearing on payday and auto title loans in Richmond, VA

CFPB Monitor

On March 26, the CFPB held a public hearing on payday and auto title lending, the same day that it released proposed regulations for short-term small-dollar loans. The Commissioner of Virginia’s Bureau of Financial Institutions, E. ” Cordray explained and defended the CFPB’s proposed new regulations.

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2021 GonzoBanker Awards

Gonzobanker

million gets the vaunted consumer lender a much-prized bank charter, low-cost deposits to juice current earnings, and a business lending capability to drive future growth. Goes to Larry Mazza and the crew at MVB Bank in West Virginia. Lifetime Leadership Achievement Awards. Congrats on a brave move and national recognition Jim!

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The Thinker

Independent Banker

Thoughtful lending and an open mind keep profits strong for incoming ICBA chairman Jack Hartings. in Coldwater, Ohio, and ICBA’s incoming chairman, held fast to his community bank’s conservative lending practices. To combat the decline in the bank’s loan-to-deposit ratio, Hartings actively sought out new opportunities in lending.

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17 Of The Biggest Startup Frauds Of All Time

CB Insights

Zenefits skirts compliance regulations. Zenefits skirts compliance regulations. In addition, regulators claimed that as many as 80% of insurance plans sold in Washington state by Zenefits reps were sold illegally by unlicensed brokers. Table of contents. Theranos and the revolutionary blood tests that never existed.

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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.