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DOJ enters into consent order with NJ student lending authority to settle claim of alleged SCRA violations

CFPB Monitor

The Department of Justice announced earlier this week that it has entered into a consent order with the New Jersey Higher Education Student Assistance Authority (HESAA) to settle the DOJ’s claim that HESAA violated the Servicemembers Civil Relief Act (SCRA) by obtaining unlawful court judgments against two military servicemembers for amounts owed on (..)

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Bitcoin Daily: US Treasury’s Mnuchin Says ‘Significant’ New Crypto Rules In Works; Spain’s FC Barcelona To Create Team Token

PYMNTS

Meanwhile, a Peter Thiel-backed venture fund , Valar Ventures, lent a hand in a $30 million second round of financing for crypto trading and lending platform BlockFi. BlockFi, based in Jersey City, NJ, will use the money to boost staff and start work on additional projects.

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CFPB representatives to be featured at 20th Annual PLI Consumer Financial Services Institute

CFPB Monitor

The 20 th Annual Consumer Financial Services Institute, sponsored by the Practising Law Institute, will take place on April 6-7, 2015 in New York City (and by live webcast and groupcast in Cleveland, Philadelphia, Pittsburgh, Mechanicsburg, PA and New Brunswick, NJ) and on April 27-28, 2015 in Chicago.

NJ 60
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CFPB and DOJ announce redlining settlement

CFPB Monitor

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. The proposed consent order requires the bank to pay a $5.5

NJ 60
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Popular Bank Named Among First Investors of NWK FAM Fund

PopularBank

NEWARK, NJ and NEW YORK, NY – October 13, 2020 – Popular Bank , a subsidiary of Popular, Inc. $100M Fund to Economically Empower Black and Latinx Business Owners. NASDAQ: BPOP) and one of the nation’s premier banks, has been named a seed investor for the Newark 40 Acres and a Mule Fund (NWK FAM Fund).

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Malvern in Pa. Continues with Commercial Lending Expansion

American Banker

is planning to open a commercial lending office in a new market. Malvern Bancorp in Paoli, Pa.,

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The Golden Age of Banking? Depends on Us.

Jeff For Banks

Jerry Reeves, President & CEO of Sturdy Savings Bank of Cape May Court House in New Jersey and current Chairman of the NJ Bankers Association , penned an article The Golden Age of Banking in the NJBA's winter 2016 edition of New Jersey Banker magazine. It relates to the regulatory scheme. Why the rigid criteria?

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