PYMNTS

SEPTEMBER 2, 2020

Adding the installment lending function to a bank card is suitable for all parties in the transaction,” said Brian Riley, director of the credit practice at Mercator Advisory Group , a Massachusetts consultant to the payments industry, in a statement.

Payments 221

Payments Massachusetts Lending Meeting 221

PYMNTS

NOVEMBER 20, 2017

According to the lending platform, this is also its first credit facility rated by DBRS, Inc. Only weeks ago, news surfaced that a small business borrower in Massachusetts that used the Kabbage platform filed a lawsuit against the company and Celtic Bank.

Massachusetts 100

Massachusetts Lending Analysis Operations 100

CFPB Monitor

OCTOBER 14, 2021

We discuss recent developments concerning fair lending and ancillary products, including the potential industry-wide implications of recent New York and Massachusetts consent orders and our expectations for future CFPB scrutiny in these areas.

Massachusetts 60

Massachusetts New York Groups Lending 60

PYMNTS

MARCH 10, 2018

Meanwhile, in Massachusetts, a state government commission also submitted a proposal to keep DST year-round after learning that leaving the clocks alone would positively impact consumer spending. Massachusetts’ findings are consistent with a 2016 study by the JPMorgan Chase & Co. The Case Against DST. percent drop.

Retail 113

Retail Massachusetts San Diego Los Angeles 113

American Banker

NOVEMBER 21, 2022

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Connecticut 69

Connecticut Massachusetts Lending 69

PYMNTS

NOVEMBER 26, 2019

The company has a partnership with Amazon in which it lends to customers with low credit scores. “We have confirmed none of your personal data was compromised,” the financial services company said in an email to customers. In other Amazon news , the eCommerce giant is opening a store on the Chinese site Pinduoduo.

Data 130

Data Delaware Oregon Maryland 130

American Banker

MAY 18, 2016

A study commissioned by the Massachusetts Bankers Association found a correlation between a spike in credit unions with low-income designations and an increase in member business lending in the state.

Lending 31

Lending Massachusetts Study Community Bank 31

American Banker

SEPTEMBER 12, 2016

Cambridge Bancorp in Massachusetts has recruited two finance executives to spearhead its new asset-based lending practice.

Lending 28

Lending Massachusetts Community Bank Community 28

CFPB Monitor

JUNE 2, 2020

Our special guest speakers will be three representatives from state Attorney Generals’ offices: Bernard Eskandari from California, Tom James from Illinois, and Max Weinstein from Massachusetts. State restrictions on debt collection, and collection-related enforcement likely to follow.

Illinois 78

Illinois Massachusetts Comparison California 78

PYMNTS

MARCH 26, 2020

Each week, PYMNTS will round up some of the latest initiatives from governments, banks and FinTechs around the world to lend support for small businesses struggling as a result of the coronavirus. SMBs in supplement to separate measures, like the British Business Bank Coronavirus Business Interruption lending Scheme.

Payments 173

Payments Pennsylvania Kansas City Wyoming 173

ABA Community Banking

SEPTEMBER 29, 2021

On the latest episode the ABA Banking Journal Podcast, Berkshire Bank President and CEO Nitin Mhatre discusss Berkshire Bank's "BEST Community Comeback," a new $5 billion ESG-focused initiative at the Massachusetts-based midsize community bank.

Community 81

Community Strategy Massachusetts Community Bank 81

ABA Community Banking

MARCH 9, 2022

For nearly 200 years, Millbury National Bank has stayed independent as a commercially focused community bank in Massachusetts. Part of that independent tradition owes to the bank's history of multigenerational stewardship.

Massachusetts 64

Massachusetts Community Bank Community National 64

PYMNTS

SEPTEMBER 28, 2020

The financing is in addition to the liquidity provided by the $900 million asset-based lending led by Bank of America and a group of commercial banks.

San Francisco 139

San Francisco New York City Houston Dallas 139

PYMNTS

OCTOBER 31, 2016

During the past two months, SoFi got licenses in more states, including Arkansas, Florida, Massachusetts, New York and South Dakota. SoFi, however, is daring to be different in its segment and is looking to grow past its roots in student lending to prime borrowers — what the firm refers to as “Henrys” (high earners not rich yet).

South Dakota 100

South Dakota New York Arkansas Massachusetts 100

PYMNTS

NOVEMBER 27, 2017

The same unit in March agreed to fork over $22 million as part of an inquiry by the Massachusetts Attorney General over subprime auto loan securitizations. Auto lending is big business for Santander, representing $38.5 In 2015, Santander’s Consumer USA Holdings unit paid $9.35

Massachusetts 101

Massachusetts Lending Policies Compliance 101

PYMNTS

APRIL 17, 2019

The funding also included participation from existing investors Synchrony, MassMutual Ventures, Massachusetts Mutual Life Insurance Company and Wellington Management. “For example, in lending, it’s striking that, today, five times more loan applications are approved in-person than online, despite creditworthiness.

Fraud 116

Fraud Massachusetts Maine Lending 116

PYMNTS

JUNE 15, 2020

While our lending business has served Main Street small businesses for years, we knew that as our sellers and their communities were facing deep economic uncertainty, we could play a meaningful role in disbursing stimulus funds,” said Jacqueline Reses , the head of Square Capital, in a statement.

Capital 141

Capital San Francisco New Jersey Massachusetts 141

American Banker

SEPTEMBER 1, 2021

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Massachusetts 58

Massachusetts Lending 58

Abrigo

DECEMBER 26, 2014

Utilizing the Bank Information platform, Sageworks recently released a ranking of the top mortgage lending credit unions in the U.S. In a lending segment once cornered by banks, credit unions are making an impact for those looking to purchase their own home. Bruemmer, executive vice president for Landmark Credit Union.

Regional 186

Regional Milwaukee Lending Washington 186

CFPB Monitor

JULY 16, 2015

According to the American Banker and Politico, Deputy Director Steven Antonakes is leaving the CFPB to pursue opportunities in Massachusetts, his home state.

Massachusetts 60

Massachusetts Lending 60

PYMNTS

JULY 24, 2019

Stephen Lynch of Massachusetts pointed to the fact as many as 740 branches of the banks are within two miles of one another — and he raised concerns about branch closings and job losses. billion for small business lending. That overture, he said, will allow the combined firm to compete against the largest banks.

Community 130

Community Massachusetts United States California 130

CFPB Monitor

APRIL 7, 2020

Mr. Roddy discussed the emergency debt collection regulation issued by the Massachusetts AG and the possibility of state UDAP claims based on collection activities during the crisis.

Massachusetts 78

Massachusetts Compliance Regulation Operations 78

Payments Source

JANUARY 9, 2017

Eastern Bank in Boston has hired a former Citi Cards executive to oversee its consumer-lending business.

Lending 60

Lending Cards Boston Massachusetts 60

CB Insights

MARCH 13, 2019

In 2018, the top 3 states for AI deals were California (48% of deals), New York (12%), and Massachusetts (9%), though investors have bet on AI startups across the country. Nuro is followed by Illinois’ Avant ($655M) and Massachusetts’ Indigo Agriculture ($617M). Massachusetts. Last year, VCs invested a record $9.3B

United States 78

United States Rhode Island Massachusetts Connecticut 78

CB Insights

NOVEMBER 6, 2019

Collectively, these startups have raised over $9.5B, with leading companies including lending startup Avant (Illinois, $655M in total disclosed equity funding), next-gen auto insurer Root Insurance (Ohio, $509M), restaurant finances management system Toast (Massachusetts, $503M), and small business lending startup Kabbage (Georgia, $490M).

United States 72

United States Fintech North Carolina Rhode Island 72

PYMNTS

MAY 7, 2018

Turning to regulatory action within the online lending space, Virginia (the state) has filed a suit against NetCredit, with the allegation that the large lender had charged state lenders more than $47 million in high-interest loans that were in fact illegal. of Massachusetts. Dodd-Frank. Dodd-Frank lives.

Bitcoin 108

Bitcoin Regulation cryptocurrency Virginia 108

CFPB Monitor

JANUARY 5, 2016

In its original complaint filed in federal district court in Massachusetts, the CFPB alleged that the loans in question were void in whole or in part as a matter of state law because the lender charged excessive interest and/or failed to obtain a required license.

CA 60

CA North Carolina Company Massachusetts 60

American Banker

MARCH 11, 2016

Berkshire Hills Bancorp in Massachusetts invested in technology to beef up its small business lending, an area ripe for the picking by alternative lenders.

Massachusetts 28

Massachusetts Online Lending Technology 28

PYMNTS

SEPTEMBER 25, 2020

Massachusetts-based accounts payable (AP) automation technology firm MineralTree Inc. However, they indicated there’s further work that needs to be done, particularly in addressing small business lending and extending additional stimulus via direct payments to individuals and families. Time on Tuesday (Sept. 22) at the earliest.

Maine 153

Maine social media Atlanta Massachusetts 153

American Banker

OCTOBER 12, 2016

Hingham Institution for Savings in Massachusetts said a double-digit spike in lending contributed to a strong third quarter.

Massachusetts 28

Massachusetts Lending Community Bank Community 28

PYMNTS

JANUARY 18, 2021

500,000 or more in fines may be issued to a Massachusetts woman who pleaded guilty to taking part in a BEC scam, according to a press release by the U.S. For example, in one case, the brothers allegedly changed the PO number of units from less than 100 to 10,000, allowing them to over-bill for the fake order. Department of Justice.

Community 219

Community Fraud Taxes Massachusetts 219

CFPB Monitor

FEBRUARY 6, 2020

The relevant states are Arizona, Arkansas, Colorado, Connecticut, Illinois, Indiana, Kentucky, Massachusetts, Minnesota, Montana, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, and South Dakota (“Subject States”). The loans in question were made by companies owned by Native American tribes.

South Dakota 78

South Dakota North Carolina New Hampshire Company 78

American Banker

APRIL 16, 2020

Some states aren't waiting on the Federal Reserve to help with the historic hits to their budgets. Instead, they're working with a lender that they have a much longer history with: Bank of America.

Lending 62

Lending America Rhode Island Hawaii 62

PYMNTS

JUNE 14, 2018

“Many groups that were granted licenses in the first application round in Massachusetts in 2014 are still not open today, largely due to the inability to find the $4 million to $6 million minimum needed for a large-scale, vertically integrated cannabis operation,” the publication wrote.

Massachusetts 108

Massachusetts Industry Resources Operations 108

PYMNTS

JANUARY 9, 2019

Chipotle Chief Digital and Information Officer Curt Garner said, according to CNBC in May, “As we are looking at our real estate pipeline, part of the criteria that has been introduced is to understand how many of those sites might lend themselves to that experience, even if we don’t open them immediately with [the mobile lane] enabled.”

New Hampshire 145

New Hampshire Retail Mobile Massachusetts 145

CFPB Monitor

NOVEMBER 2, 2015

Constitution did not preclude Minnesota from applying its payday lending law to loans consummated in Delaware that are made to Minnesota residents over the Internet. In December 2013, the CFPB filed a lawsuit in Massachusetts federal court against CashCall, several related companies and their principal.

Minnesota 60

Minnesota Delaware Massachusetts New York 60

CFPB Monitor

NOVEMBER 16, 2021

New York now joins a small group of states, including Illinois and Massachusetts, that apply CRA-type laws to non-depository mortgage lenders. On November 1, New York Governor Hochul signed into law amendments (S.5246-A/A.6247-A) The amendments are effective November 1, 2022.

New York 78

New York Community Regulation Data 78