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Another Maryland threat to bank partner model lending

CFPB Monitor

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.

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How to respond to buy now, pay later

Independent Banker

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.

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The Maryland Financial Consumer Protection Act of 2018 significantly increases state regulation

CFPB Monitor

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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Customer to Community Banker

Independent Banker

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.

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Game On

Independent Banker

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.

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The Niche Bank

Jeff For Banks

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.

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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

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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