PYMNTS
FEBRUARY 14, 2020
12) that the federal government would be rolling out new regulations regarding cryptocurrency at the Financial Crimes Enforcement Network (FCEN). 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.
CFPB Monitor
FEBRUARY 17, 2015
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.
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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. The proposed consent order requires the bank to pay a $5.5
Jeff For Banks
JUNE 2, 2023
The old borrow short, lend long strategy. Second, this can be accomplished only if the industry does not have too much influence over its regulators and if the regulators have the ability to hire, train, and retain qualified staff. Third, the regulators need adequate financial resources.
Jeff For Banks
JANUARY 10, 2016
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. Because regulators would approve no one else. Why the rigid criteria?
Jeff For Banks
JULY 22, 2013
Bank SVP: the mortgage lending business is like a shark. How do you calculate that cost, Mr. Regulator? NJ Banker and West Pointer Norm Beatty quotes Stonewall Jackson: "Never take counsel of your fear." Bank Exec: The mortgage business only has a 30-day business plan. Ever speak to the head of a mortgage origination shop?
William Mills
SEPTEMBER 12, 2017
An industry leader in lending and benchmarking solutions for financial institutions. Chatham Township, NJ 07928. PromonTech has a vision of a mortgage industry that is transparent, efficient and understandable for all: borrowers, lenders, regulators and investors. They’re s howing a lending example using their API.
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