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DOJ announces settlement of redlining lawsuit

CFPB Monitor

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.

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Popular Bank Appoints Director of Wealth Management

PopularBank

Joseph Culotta Brings More Than 18 Years of Leadership and Wealth Management Expertise to Popular Bank. NEW YORK, NY – September 15, 2020 – Popular Bank , a subsidiary of Popular, Inc. We are thrilled to welcome Joe to our Wealth Management leadership team to head our Popular Investments business,” said Ford. “We Popular, Inc.

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Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish

Jeff For Banks

//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. To you, manage your interest rate risk. trillion failed. Let those numbers sink in a bit.

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The social responsibility of banks is to increase profits.

Jeff For Banks

Managers of corporations are not accountable to society. Banks typically lend businesses money, and shy away from early stage businesses with no operating history (and no real estate as collateral for that matter) because of the risk of not being paid back. Please do not claim to invest in any security based on what you read here.

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The social responsibility of banks is to increase profits.

Jeff For Banks

Managers of corporations are not accountable to society. Banks typically lend businesses money, and shy away from early stage businesses with no operating history (and no real estate as collateral for that matter) because of the risk of not being paid back. Please do not claim to invest in any security based on what you read here.

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Will "Plain Vanilla" Kill Community Banking?

Jeff For Banks

Most recently Valley National Bancorp''s highly respected CEO, Gerald Lipkin stated: "The positive [fourth quarter] results are attributable to management''s common sense and highly focused approach to traditional banking — gathering deposits and making relatively low-risk loans." ?I They mostly meant sub-prime residential mortgage lending.

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B2B FinTechs Overcome Pandemic VC Slump

PYMNTS

New Jersey’s Buckle is an InsurTech company focused on arming the gig economy, including rideshare providers, with access to total insurance coverage. based small business lending platform iwoca, which secured $131.45 earlier this year. One of the largest investment rounds this week landed at U.K.-based

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