PYMNTS

JANUARY 26, 2021

In today’s top retail news, the U.S. division of L’Occitane has filed for Chapter 11 bankruptcy, while AutoFi is shifting into high gear with the debut of its “lending as a service” division. Plus, a new Federal Reserve Bank of New York study finds that individuals anticipate that the economy will rebound by next year.

Retail 239

Retail US New Jersey New York 239

American Banker

FEBRUARY 15, 2024

Investors have hammered the New Jersey-based lender following the turmoil at New York Community Bancorp. But Valley executives say there are key differences between the two real estate-focused banks, and they express confidence that the bank's underwriting will hold up again this cycle.

New Jersey 83

New Jersey National New York Community 83

PYMNTS

MARCH 10, 2020

The offering occurs following Blockchain’s opening of an institutional lending desk last summer. Lending has become a quickly growing area in the digital currency sector. The news comes after Valar Ventures lent a hand in a $30 million second round of financing for digital currency trading and lending platform BlockFi.

New Jersey 217

New Jersey Bitcoin Lending blockchain 217

PYMNTS

JULY 3, 2019

The latest to do so is Provident Financial , a New Jersey-based bank providing consumer and business banking services in New Jersey and Pennsylvania. They’re very disciplined on credit and interest rate risk,” he said.

Community Bank 116

Community Bank Community Fintech New Jersey 116

American Banker

JANUARY 13, 2021

First Bank in New Jersey, Northeast Bank in Maine and others have warmed to the idea of using software to streamline Paycheck Protection Program lending so that employees can be more hands-on with customers.

New Jersey 81

New Jersey Maine Lending Software 81

CFPB Monitor

SEPTEMBER 23, 2021

In its complaint filed in New Jersey federal district court, the DOJ alleged that HESAA obtained default judgments against two SCRA-protected servicemembers after filing affidavits stating that the defendants were not in military service despite having knowledge that they were on active duty at the time the default judgments were sought.

NJ 78

NJ New Jersey Lending United States 78

American Banker

SEPTEMBER 22, 2020

Partnering with the account-opening software firm Mantl, the New Jersey bank created a CD campaign that helped fund its Paycheck Protection Program lending.

New Jersey 72

New Jersey Lending Software Community Bank 72

Jeff For Banks

JANUARY 20, 2024

Then hold the head of commercial lending accountable for the continuous profit improvement of commercial lending products and the commercial lending line of business. That would be bottom-up accountability, which would inevitably lead to a more profitable financial institution.

New Jersey 102

New Jersey Lending Florida Strategy 102

CFPB Monitor

JANUARY 21, 2022

Frotman’s letter responds to a letter sent to him by the representatives regarding proposed New Jersey legislation that would provide that certain EWA products would not be treated as loans under New Jersey law.

New Jersey 78

New Jersey Regulation Groups Analysis 78

CFPB Monitor

OCTOBER 12, 2020

Topics will include credit card and payments regulation, fair lending, Fintech developments, enforcement developments, student and mortgage lending and servicing issues, debt collection, Community Reinvestment Act rules, and anti-money laundering. More information, including how to register, will be available in the coming weeks.

Nevada 60

Nevada New Jersey Pennsylvania Lending 60

PYMNTS

JANUARY 22, 2020

Provident Bank, a New Jersey-based financial institution (FI), will issue a comprehensive suite of commercial payment solutions in conjunction with First Bankcard. First Bankcard , a division of First National Bank of Omaha , has formed a strategic partnership with Provident Bank , First Bankcard announced Wednesday (Jan.

Omaha 131

Omaha New Jersey Payments Cards 131

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.”

Lending 136

Lending New York Online New Jersey 136

American Banker

DECEMBER 1, 2020

Elizabeth Magennis recently served as the New Jersey company's chief lending officer. ConnectOne also hired Michael O'Malley, a former OnDeck Capital executive, as chief risk officer.

New Jersey 42

New Jersey Lending Capital Company 42

PopularBank

OCTOBER 13, 2020

The new investment vehicle aims to economically empower Black and Latinx business owners throughout the City of Newark. NWK FAM Fund Seeks to Narrow the Wealth Gap in New Jersey. Popular Bank will serve as an initial corporate partner alongside organizations including AT&T, Panasonic and New Jersey Community Capital.

New Jersey 52

New Jersey NJ Community New York 52

American Banker

JUNE 20, 2023

The construction manager for the beleaguered New Jersey mall is suing JPMorgan Chase & Co. to recover more than $30 million of unpaid work and accrued interest.

New Jersey 36

New Jersey Management Lending 36

PYMNTS

SEPTEMBER 24, 2018

CNBC, citing an interview JPMorgan Chase Chief Executive Jamie Dimon had with Jim Cramer on Squawk Alley, reported the company is gearing up to open 50 new branches in Philadelphia, Delaware and southern New Jersey during the course of the next five years. in an effort to strengthen its retail business. .”

Philadelphia 133

Philadelphia Trends Delaware New Jersey 133

PopularBank

JUNE 10, 2021

Leveraging its institutional depth, Popular Bank works side-by-side with business and retail customers delivering competitive business and retail offerings including Retail and Private Banking , Commercial Lending , Mortgage Services , Association Lending , Healthcare financing , and Middle Market banking.

New Jersey 98

New Jersey New York Florida Community 98

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

PYMNTS

NOVEMBER 7, 2018

According to The Wall Street Journal , Investors, which has about 150 branches in New Jersey and New York, has hired Keefe, Bruyette & Woods to advise on the potential sale. percent rate on interest-bearing deposits as of the third quarter, which caused its profit margin from lending to fall.

New Jersey 108

New Jersey Comparison New York Lending 108

PYMNTS

JANUARY 12, 2021

While the Paycheck Protection Program (PPP) was supposed to be a lifeline for struggling small- to medium-sized businesses (SMBs) during the pandemic, some SMBs that received loans less than $99 didn't find much relief, The New York Times (NYT) reported. Judith Less, who runs a thrift shop in New Jersey, got $27,” NYT reported.

Arkansas 163

Arkansas New Jersey Oregon Texas 163

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

PYMNTS

JANUARY 12, 2021

Judith Less, who runs a thrift shop in New Jersey, got $27,” the paper reported. Porter Capital Offers New Funding Tools To PPP Recipients. There were roughly 300 businesses out of the over 5 million companies receiving loans that got $99 or less, according to the newspaper.

Arkansas 152

Arkansas New Jersey Oregon Capital 152

PYMNTS

JULY 20, 2016

Separately, Ocean Shore Holding is being bought by OceanFirst Financial in a bank deal that is not all that large, at $146 million, but does lend some consolidation in the New Jersey community bank space and a 32 percent premium to tangible book value.

New Jersey 100

New Jersey Community Bank Lending Community 100

Jeff For Banks

NOVEMBER 9, 2018

March 2017 - Failed the OCC's community lending test causing "significant harm to customers." As part of my comments, I presented the following table of New Jersey Deposit Market Share. Wells maintained its market share from June 2017 to June 2018 in both New Jersey and nationwide.

New Jersey 60

New Jersey Compliance Community Meeting 60

PYMNTS

FEBRUARY 7, 2020

According to reports out earlier this week, Goldman Sachs and Amazon are in discussions about possibly partnering for small and medium-sized (SMB) business lending in the U.S. The partnership would apply Goldman’s lending technology to SMB loans on Amazon’s underwriting platform, according to unnamed sources.

Austin 131

Austin Lending New York City Omaha 131

PYMNTS

SEPTEMBER 14, 2017

In recent years, banks have even seen greater competition in the lending market from new FinTech players that can quickly approve loan applications and distribute funds to lenders. Some of the more prominent names in the marketplaces lending space include OnDeck, Kabbage and Orion First.

Innovation 191

Innovation Lending Fintech Bitcoin 191

Independent Banker

AUGUST 31, 2021

A bank needs a team with diverse perspectives and unique abilities—technology, sales, lending and leadership—that is willing to work together at a heightened pace, he notes. Build a lending niche. Cheryl Winokur Munk is a writer in New Jersey. You have to give people a reason to bank with you.”. Tim Reimink, Crowe LLP.

Community Bank 170

Community Bank Community Lending Leadership 170

PYMNTS

AUGUST 8, 2019

The New York State Department of Financial Services (NYDFS) has announced it will lead a multi-state investigation into alleged violations of state regulations of the short term lending industry, specifically in the area of payroll advances.

Puerto Rico 134

Puerto Rico Regulation New York South Dakota 134

PopularBank

MARCH 11, 2020

Leveraging its institutional depth, Popular Bank works side-by-side with business and retail customers delivering competitive business and retail offerings including Retail and Private Banking , Commercial Lending , Mortgage Services , Association Lending , Healthcare financing , and Middle Market banking.

New Jersey 59

New Jersey New York Florida Lending 59

PopularBank

JANUARY 27, 2020

Leveraging its institutional depth, Popular Bank works side-by-side with business and retail customers delivering competitive business and retail offerings including Retail and Private Banking , Commercial Lending , Mortgage Services , Association Lending , Healthcare financing , and Middle Market banking.

New York 91

New York Community New Jersey Houston 91

PYMNTS

SEPTEMBER 23, 2019

New Jersey-baed AmzLenders was founded by Amazon seller Steve Creasy, who will act as a consultant to SellersFunding over the transition period. “If

New Jersey 116

New Jersey New York Online Innovation 116

PopularBank

MARCH 24, 2021

Leveraging its institutional depth, Popular Bank works side-by-side with business and retail customers delivering competitive business and retail offerings including Retail and Private Banking, Commercial Lending, Mortgage Services, Association Lending, Healthcare Financing, and Middle Market banking.

New York 91

New York Community New York City New Jersey 91

PYMNTS

SEPTEMBER 24, 2018

Overstock.com is no stranger to offering financial services — it already provides credit cards, lending, investments and insurance services to its customers. The standard lease term is as short as five months, with an early purchase option at 30, 60 or 90 days (not available in New Jersey, Vermont, Wisconsin or West Virginia).

Puerto Rico 176

Puerto Rico West Virginia Vermont Wisconsin 176

CFPB Monitor

AUGUST 7, 2019

In its press release, the DFS claims that the investigation will look into “allegations of unlawful online lending” and “will help determine whether these payroll advance practices are usurious and harming consumers.” New Jersey Department of Banking and Insurance. Illinois Department of Financial Professional Regulation.

Industry 92

Industry Puerto Rico South Dakota North Dakota 92

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 Company New Hampshire 78

PopularBank

MAY 27, 2020

Popular Bank Chief Operating Officer Manuel Chinea joined Amigos de Univision and the Statewide Hispanic Chamber of Commerce of New Jersey to discuss the current state of small business amid COVID-19 on Sunday, May 17, 2020. PPP remains a valuable resource for Small Business Owners during this time.

Puerto Rico 52

Puerto Rico New Jersey Resources Maine 52

CFPB Monitor

SEPTEMBER 25, 2015

The joint complaint filed by the CFPB and DOJ in federal district court in New Jersey states that the action resulted from a joint investigation by the agencies of the bank’s lending practices following the CFPB’s referral of the bank to the DOJ pursuant to the ECOA. million civil money penalty to the CFPB. .”

NJ 60

NJ New Jersey New York Philadelphia 60