Lending National New Jersey Regulation 
CFPB Monitor
OCTOBER 4, 2022
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.
PYMNTS
JANUARY 29, 2020
As online lending platforms proliferate among the SMB borrowing community, however, experts warn that a lack of regulation means these companies rarely publicly reveal interest rates and fees. “We have seen small businesses destroyed by online lending.” ” Knowing Their Options. . ” Knowing Their Options.
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CFPB Monitor
JUNE 12, 2020
Marlette Funding, LLC et al , arises from an enforcement action filed in 2017 by Colorado’s UCCC Administrator challenging a bank-model lending program involving a New Jersey state-chartered bank. Section 27, which applies to state banks, is patterned after Section 85 of the National Bank Act, which applies to national banks.
PopularBank
DECEMBER 7, 2022
Recently, Florida passed SB 4-D, a new safety regulation for condominium and cooperative association buildings. The new condo safety laws center around inspection requirements, mandatory reserves, and more transparency for unit owners and prospective unit owners on information regarding the condition of the buildings.
PYMNTS
MARCH 27, 2020
This week, however, those sellers got some good news in the form of an announcement that Amazon would temporarily not require sellers in its marketplace to repay loans it had made to them. . Amazon Lending, a program that distributes loans to marketplace sellers, will pause payments starting this week through April 30. percent. .
Jeff For Banks
JANUARY 27, 2011
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." ? They mostly meant sub-prime residential mortgage lending.
CFPB Monitor
SEPTEMBER 13, 2018
57, disapproving of the CFPB’s Bulletin 2013-2 regarding “Indirect Auto Lending and Compliance with the Equal Credit Opportunity Act.” They assert that action by the CFPB in derogation of those regulations would violate the Administrative Procedure Act. to discriminate against any person.
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