CFPB Monitor
MAY 6, 2021
A Maryland administrative action recently removed to the state’s federal district court illustrates how Maryland law continues to present challenges for the bank partner structure used by many lenders. The new Maryland matter demonstrates that participants in bank model programs continue to face state licensing threats.
CFPB Monitor
SEPTEMBER 25, 2018
Noting, among other things, “retrenchment” on the federal level, the Maryland Financial Consumer Protection Act of 2018 ( HB 1634 ) was signed into law on May 15, 2018. Increases the maximum civil penalties for violations of the MCPA by merchants to $10,000 for a violation and $25,000 for a repeat violation. .
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Independent Banker
DECEMBER 31, 2021
Emerging as the latest form of point-of-sale (POS) lending, BNPL introduces new ways for consumers to make purchases and spread out their payments. It used to be that if you were a lending company, you lent. Colleen Morriso n is a writer in Maryland. Why pay today what can be put off until tomorrow? It’s an evolution.
Independent Banker
NOVEMBER 24, 2014
With vigor and a strong commitment to service, Ron Paul leads a rapidly growing community bank in Maryland. Retail outlets: 22. —Laurence Bensinger, EagleBank. Eastern Region Award Recipient. Ronald Paul , EagleBank. Bethesda, Md. Title: Chairman and CEO. Bank assets: $5 billion. Employees: 425. Website: www.eaglebankcorp.com.
Independent Banker
JANUARY 26, 2016
Schwanhausser suggests that motivating online activities or games that help customers meet savings, investing and other money management goals—or perhaps understand more about banking, entrepreneurship or protecting personal information identity theft—can help build a financial safety net and lend themselves to game technology quite nicely.
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.
Jeff For Banks
JUNE 2, 2023
The old borrow short, lend long strategy. In the late 90s, low interest rates made speculative equity investments more attractive than bonds, and at the same time, innovative internet companies grew in popularity among retail investors, professional traders, venture capitalists, and the like (familiar?). Remember K Bank in Maryland?
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