Lending Management New Jersey Regulation 
CFPB Monitor
OCTOBER 4, 2022
The Justice Department announced that it has entered into an agreement with Lakeland Bank to settle the DOJ’s claims that Lakeland engaged in unlawful redlining in the Newark, New Jersey metropolitan area. Those services were not available in majority-Black and Hispanic neighborhoods in the Newark Lending Area.
PYMNTS
NOVEMBER 7, 2018
According to The Wall Street Journal , Investors, which has about 150 branches in New Jersey and New York, has hired Keefe, Bruyette & Woods to advise on the potential sale. percent rate on interest-bearing deposits as of the third quarter, which caused its profit margin from lending to fall.
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Independent Banker
AUGUST 31, 2021
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. Build a lending niche. Cheryl Winokur Munk is a writer in New Jersey. You have to give people a reason to bank with you.”. Tim Reimink, Crowe LLP.
Jeff For Banks
NOVEMBER 9, 2018
March 2017 - Failed the OCC's community lending test causing "significant harm to customers." February 2018 - Regulators limit WF growth due to "widespread consumer abuses and compliance breakdowns." As part of my comments, I presented the following table of New Jersey Deposit Market Share.
Jeff For Banks
JUNE 2, 2023
//Jeff Marsico remarks to the 2023 New Jersey Bankers' Association Annual Convention: May 19, 2023// Four decades ago, the prolonged savings-and-loan crisis devastated the industry. The old borrow short, lend long strategy. Third, the regulators need adequate financial resources. To you, manage your interest rate risk.
CFPB Monitor
SEPTEMBER 25, 2015
The joint complaint filed by the CFPB and DOJ in federal district court in New Jersey states that the action resulted from a joint investigation by the agencies of the bank’s lending practices following the CFPB’s referral of the bank to the DOJ pursuant to the ECOA. million civil money penalty to the CFPB. .”
Independent Banker
FEBRUARY 24, 2016
As in past years, community bankers will continue to contend with a dynamic, highly competitive lending environment in 2016. Several trends have arisen that are likely to continue shaping the commercial lending market. Here are five commercial lending trends from some of the industry’s top commercial lenders.
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