CFPB Monitor
OCTOBER 4, 2022
The key allegations in the DOJ’s complaint are the following: During the relevant time period (2015-2021), the Newark, New Jersey-Pennsylvania Metro Division (Newark MD) as delineated in 2015 included Essex, Somerset, Union, Sussex, and Morris counties in New Jersey (Newark Lending Area). unlikely to be caused by chance) and sizeable.
Jeff For Banks
APRIL 4, 2010
Community banks tout themselves as better than national and regional banks because of how close they are to their communities. A case in point: the First National Bank of Hallstead… now Peoples National Bank (see photo). The bank closed during the national bank holiday that was ordered by President Roosevelt in 1933.
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Jeff For Banks
NOVEMBER 24, 2019
The bank, First National Bank of Keystone, was $1.1 The Bank's Rise McConnell came to the bank in 1977 from McKeesport, Pennsylvania. And so went the birth of First National Bank of Keystone's meteoric rise. Nationwide lending! Keystone expanded its lending to include high loan-to-value mortgages and home equity loans.
PYMNTS
APRIL 29, 2020
The National Restaurant Association (NRA) said regulations for the federal Paycheck Protection Program’s ( PPP ) forgivable loans don’t meet the needs of eateries, given that many remain closed and the money must be spent within eight weeks. An industry trade group said it’s highly likely that many restaurants will return loans from the U.S.
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.” “We have seen small businesses destroyed by online lending.”
South State Correspondent
SEPTEMBER 20, 2023
For example, if you are a bank in California, Florida, New York, or Pennsylvania, going after private schools, colleges, or insurance companies should be considered due to not only the large number of target institutions but also the size of those institutions, which lends itself to having multiple banks.
CFPB Monitor
SEPTEMBER 10, 2020
The DBO indicated that it “is investigating whether LoanMart’s role in the arrangement is so extensive as to require compliance with California’s lending laws. According to the DBO’s press release, until the FACA became effective, LoanMart was making state-licensed auto title loans at rates above 100 percent.
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