Remove Leadership Remove Marketing Remove New Jersey Remove Regulation
article thumbnail

NY DFS announces multistate investigation of payroll advance industry

CFPB Monitor

The DFS states that the investigation will focus on “whether companies are in violation of state banking laws, including usury limits, licensing laws and other applicable laws regulating payday lending and consumer protection laws.” Illinois Department of Financial Professional Regulation. Oklahoma Department of Consumer Credit.

article thumbnail

7 ways community banks can boost profitability

Independent Banker

A profitability strategy has a lot to factor in given today’s uncertain market. 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 rural market with about 1,300 residents. “We Photo by Paper Boat Creative/Getty. Quick stat.

Insiders

Sign Up for our Newsletter

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

article thumbnail

The 2019 GonzoBanker Awards

Gonzobanker

The company’s market capitalization, which after declining to less than $600 million in the 2009 recession, has now grown to almost $3 billion. This was a terrific combination of two education-focused cooperatives across both Southern and Northern California markets. picks up Bancorp of New Jersey, Inc.

Idaho 148
article thumbnail

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. Hats off to Thomas Shara at Lakeland and Tony Labozzetta of Provident for architecting the new $25 billion super-community bank in New Jersey.

Community 216
article thumbnail

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

He stated that “[t]his authority gives us critical agility to move as quickly as the market, allowing us to conduct examinations of financial companies posing risks to consumers and stop harm before it spreads.” Regardless of its size, a service provider to another entity subject to CFPB supervision.

article thumbnail

Silicon Valley’s Peter Thiel Named To Trump Transition Team

PYMNTS

Trump confirmed the appointment on his website, saying: “Together, this outstanding group of advisors, led by Vice President-elect Mike Pence, will build on the initial work done under the leadership of New Jersey Gov. Other appointments include Dr. Ben Carson, New Jersey Governor Chris Christie, Former Speaker of the U.S.

article thumbnail

Long And Winding (Court) Road For CFPB Case

PYMNTS

By now, those who follow Capitol Hill, the CFPB and the many industries monitored by that agency know that a federal appeals court ruling last week found that parts of the CFPB’s governing and leadership structures — in which the director, currently Richard Cordray, can be removed only for cause — are, in fact, unconstitutional.