Lending Management Regulation Utah 
CFPB Monitor
JUNE 15, 2022
The California Department of Financial Protection and Innovation (DFPI) has issued final regulations to implement SB 1235, the bill signed into law on September 30, 2018 that requires consumer-like disclosures to be made for certain commercial financing products, including small business loans and merchant cash advances. .
PYMNTS
AUGUST 14, 2018
Changes may soon be coming to the Military Lending Act (MLA), a piece of legislation designed to prevent military service members from getting swept up in deceptive or unfair lending practices. The product causing concern on the auto lending side of things is gap insurance. New Lending Rules . Retired Army Col.
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PYMNTS
APRIL 7, 2017
LendingClub’s former CEO, Renaud Laplanche, who stepped down in May, sending shockwaves throughout the online lending industry, is gearing up to launch a new lender online called Upgrade. Upgrade said in the report that other investors include CreditEase, the Chinese lender, and Noah Holdings, an investment management company.
PYMNTS
JULY 13, 2016
The Wall Street Journal reported on Tuesday (July 12) that the online lender, commonly known as SoFi, with $10 billion in student loans and mortgages across its books, may be forced to don more traditional financial services garb as the online lending sector is buffeted about by negative headlines and looming regulations.
CFPB Monitor
FEBRUARY 4, 2016
” At the American Bar Association’s Consumer Financial Services Committee meeting last month in Park City, Utah, Bryce Stephens and Jeffrey Langer from the CFPB provided insight as to how the CFPB treats the use of big data by creditors.
Jeff For Banks
NOVEMBER 7, 2015
Me to a community banker: Why don't you offer more options than real estate secured lending to help fund early stage businesses? What I hear most often is that community banks take deposits from people and businesses in their community and lend it to people and businesses in that same community. You read it right: 100%. Seems risky.
Gonzobanker
DECEMBER 17, 2021
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. Congrats to Randy and a great management team. We salute a legend of lending and credit union leadership. GonzoBanker of the Year – Credit Union.
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