Lending National Pennsylvania Regulation 
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
NOVEMBER 24, 2019
September 1st, 1999, regulators from the Federal Deposit Insurance Corp, at the behest of the Office of the Comptroller of the Currency, descended on a small coal mining town in Keystone, West Virginia. Clearly, blue-suit regulators stood out. The bank, First National Bank of Keystone, was $1.1 Nationwide lending!
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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. Small Business Association’s (SBA) bailout program, the Financial Times reported. .
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.
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. While several states oppose the preemption of state usury laws in the context of bank/nonbank partnerships, federal banking regulators have taken a different stance.
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.
Gonzobanker
DECEMBER 14, 2023
Honorable Mentions – while this was a quiet year for M&A, we tip our hat to Atlantic Union’s acquisition of American National Bank and Eastern Bank’s acquisition of Cambridge Bank. Importantly, Jeff’s contributions to the credit union industry and the Pennsylvania community are simply too long to list.
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