CFPB Monitor
AUGUST 7, 2019
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.
Jeff For Banks
JANUARY 10, 2016
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.
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Independent Banker
AUGUST 31, 2021
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.
PYMNTS
SEPTEMBER 11, 2019
Massachusetts, Virginia, and New Jersey all have ABC tests codified into law that are similar to California’s, but Uber and Lyft drivers remain classified as independent contractors in those states. Lyft spokesperson Adrian Durbin had slightly more pointed words about the new law.
Gonzobanker
DECEMBER 20, 2019
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.
PYMNTS
OCTOBER 12, 2016
The Consumer Finance Protection Bureau suffered a major blow in Federal Appeals Court yesterday when a three judge panel ruled that parts of its leadership structure are unconstitutional. This decision was taken as part of mortgage lender’s PHH Corp. appeal of the 2014 $109M financial penalty imposed by the CFPB.
Gonzobanker
DECEMBER 19, 2022
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.
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