PYMNTS

JULY 29, 2019

In Pennsylvania, a local CU is working to enhance its members’ financial journeys with improved personalized experiences using data analytics solutions. Pennsylvania State Employees Credit Union (PSECU) recently announced plans to implement tools from FICO to deliver “near real time” personalized alerts. Around the Credit Union World.

Pennsylvania 173

Pennsylvania Analytics Maryland Innovation 173

ABA Community Banking

JUNE 3, 2020

Luke Bernstein, EVP at Orrstown Bank in Orrstown, Pennsylvania, discusses his bank's PPP lending. Through the Small Business Administration's Paycheck Protection Program, banks delivered the biggest economic rescue program in U.S.

Community 71

Community Pennsylvania Community Bank Lending 71

PYMNTS

AUGUST 20, 2020

To that end, as evidenced by a number of statistics (and no shortage of commentary), the Main Street lending program — designed to, well, help Main Street — is falling short. The Main Street lending program is focused on companies that cannot raise funds in the capital markets through issuing, say, bonds, or selling equity.

Maine 218

Maine Lending Pennsylvania Boston 218

CFPB Monitor

OCTOBER 17, 2022

In a recent press release , the Pennsylvania Attorney General announced that settlements have been reached with Delaware and Florida lenders who made allegedly usurious loans to Pennsylvania residents. In apparent support of the settlement, the press release cites the Third Circuit’s decision in TitleMax of Delaware, Inc.

Indiana 78

Indiana Minnesota Pennsylvania South Dakota 78

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. Pennsylvania Offers State-Level Support.

Payments 173

Payments Pennsylvania Kansas City Wyoming 173

South State Correspondent

MAY 23, 2023

Lending is getting riskier. As can be seen, the consumer is starting to feel the credit shock first while commercial lending is still performing. The Midwest continues to perform the best, followed by Pennsylvania. Minnesota, North Dakota, and Iowa were the least risky states to lend into. This quarter, it is 2.58%.

Trends 195

Trends Minnesota North Dakota Arizona 195

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. Reports in American Banker on Tuesday (July 2) said the bank is collaborating with alternative small business lending company Fundation to strengthen its SMB lending position. “We

Community Bank 116

Community Bank Community Fintech New Jersey 116

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 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

CFPB Monitor

MAY 16, 2019

Senator Bernie Sanders recently announced that he will be introducing a bill, the “Loan Shark Prevention Act ,” that would amend the Truth in Lending Act (15 U.S.C. It would roll back the usury laws to those that existed more than 40 years ago when banks were not engaging in much interstate lending because of such restrictive usury laws.

Pennsylvania 87

Pennsylvania Lending Omaha National 87

PYMNTS

AUGUST 12, 2019

She graduated from Spelman College and earned her MBA from The Wharton School at the University of Pennsylvania. Andy Rowe is the enterprise customer excellence executive, and Elli Dai has been hired as the small business and personal lending group executive. Her first day will be Aug. 26, and she will be based in New York City.

New York City 179

New York City Pennsylvania New York Community Bank 179

Jeff For Banks

OCTOBER 3, 2015

Glenn Moyer, the former Secretary of the Pennsylvania Department of Banking and Securities (pictured), spoke at a banking industry event this past week. Imagine an examiner coming into the next exam to find that you suddenly entered into reverse mortgage lending and the portfolio has grown faster than all others. He rolled with it.

Pennsylvania 60

Pennsylvania Regulation How To Community Bank 60

PYMNTS

JULY 21, 2020

Meanwhile, Wirecard is seeking buyers for its European operation and Wirecard Bank, its lending operation, Reuters sources said. in Pennsylvania, a company that is separate from Wirecard AG, hired an investment bank to manage its sale. Late last month, Wirecard North America Inc.

Pennsylvania 140

Pennsylvania New York Fraud Operations 140

PYMNTS

APRIL 29, 2020

Stephen Weinstock, the owner of two Harrisburg, Pennsylvania restaurants, told the FT he was approved for an $185,000 PPP loan, but that was before he discovered how to qualify for forgiveness. “It Still, Mick Owens, a restaurant owner in Lancaster, Pennsylvania, said he’s made good use of his $700,000 in PPP funds.

Meeting 150

Meeting Pennsylvania US New York 150

American Banker

APRIL 14, 2020

The Pennsylvania company said it faces $7.5 million in potential exposure from a commercial lending relationship.

Pennsylvania 38

Pennsylvania Fraud Lending Company 38

PYMNTS

MARCH 13, 2019

Louis, Missouri; Pittsburgh, Pennsylvania; Kansas City, Kansas and Greenville, South Carolina, among others. The bank said about 30 percent of the branches will be in low or moderately low income communities. The new locations will include Charlotte, North Carolina; St.

St. Louis 145

St. Louis US South Carolina North Carolina 145

CFPB Monitor

JUNE 15, 2022

The letter explains that although states have tools for going after these lending arrangements, such tools are more costly to employ and less likely to be effective than typical enforcement authorities provided to state financial regulators. Maryland, New York, North Carolina, Ohio, Pennsylvania, West Virginia, and Colorado.

FDIC 78

FDIC California West Virginia North Carolina 78

American Banker

DECEMBER 10, 2020

The Pittsburgh company also sold a portfolio of indirect auto loans and repaid a large amount of Federal Home Loan Bank borrowings.

Pennsylvania 41

Pennsylvania Company Lending 41

PYMNTS

SEPTEMBER 24, 2018

In Pennsylvania, for example, Wells Fargo , PNC and Citizens are the leading banks. ” As a result of the branch openings, JPMorgan said it will hire as many as 300 employees for the Philadelphia branches and will put $3 billion for mortgages and small business lending in the area. .” JPMorgan is the largest U.S.

Philadelphia 133

Philadelphia Trends Delaware New Jersey 133

PYMNTS

OCTOBER 7, 2019

New scrutiny has hit a Pennsylvania public transport authority, SEPTA, with sources telling The Philadelphia Inquirer that allegations of fraud have led to involvement by the Federal Bureau of Investigation. percent of overall revenue to lending fraud, that figure jumps as high as 5.8 Mixing Internal and Internal Fraud.

Fraud 157

Fraud Philadelphia Pennsylvania Lending 157

PYMNTS

NOVEMBER 13, 2018

Among the names joining up are Citizens & Northern Bank (based in Pennsylvania), Inland Bank (Illinois) and Lincoln Savings Bank (Iowa). This time around, Sweetbridge is using blockchain in a lending context. The company is trialing token-based asset lending through the next two years and covering 10,000 state residents.

Community Bank 183

Community Bank Community Fintech Arizona 183

American Banker

NOVEMBER 23, 2016

The Pennsylvania company has redoubled its outreach to low- and moderate-income consumers by partnering with Operation Hope on a down payment assistance program and naming a veteran banker to the newly created post of director of fair and responsible banking.

Lending 28

Lending Pennsylvania Operations Payments 28

Abrigo

JANUARY 15, 2015

In the spirit of the go local movement, new data from Sageworks Bank Information peeked in on 10 cities to see which community banks were making an impact on local mortgage lending. • Pittsburgh, Pennsylvania – Dollar Bank ($3.97 Another home lending specialist, about 61 percent of the bank’s total assets ($1.56

Cleveland 150

Cleveland Detroit Michigan Community Bank 150

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.

Management 195

Management Survey Industry Community Bank 195

PYMNTS

JUNE 27, 2017

Depending on which figures one uses, 3 percent to 5 percent of American consumers view payday lending or associated non-bank financial services like check cashing favorably. So everyone hates payday lending and views check cashing as inherently suspicious and predatory. Well, almost everyone.

Lending 154

Lending New York ATM Pennsylvania 154

Jeff For Banks

APRIL 4, 2010

And so it went in Hallstead, growing gradually, as towns tended to do in rural Pennsylvania, with bank loans funded by local depositors supporting the growth. They take deposits from us and our neighbors, and lend it to us and our neighbors. They helped our communities thrive, deal with tough times, and thrive again.

Community Bank 60

Community Bank Pennsylvania National Community 60

American Banker

MAY 26, 2020

The bank is trying to recover millions of dollars in returned deposits. It also has a $14 million loan to the company that allegedly conducted the scheme.

Pennsylvania 31

Pennsylvania Company Community Bank Community 31

CFPB Monitor

MAY 6, 2019

New York is the second state to create a “mini” CFPB, following Pennsylvania.

New York 90

New York Pennsylvania Compliance Lending 90

American Banker

MARCH 26, 2021

Matthew Gehman will take the helm at the Lancaster, Pa., institution on April 1, succeeding W. Kent Hartzler, who has been CEO since 2007. ]].

Lending 81

Lending Pennsylvania 81

CFPB Monitor

JUNE 20, 2016

Alternatively, the CFPB asserted that the purchases may be extensions of credit subject to the Truth in Lending Act (“TILA”). In response, the CFPB filed a petition to enforce the CID in the Eastern District of Pennsylvania on June 7, 2016. did this spring and as the Eastern District of Pennsylvania now has the opportunity to do.

Pennsylvania 79

Pennsylvania Lending Examples Regulation 79

American Banker

FEBRUARY 17, 2021

The move will force the Pennsylvania company to report a bigger loss for its fiscal fourth quarter and restate its annual report with the Securities and Exchange Commission.

New York 34

New York Pennsylvania Security Report 34

CFPB Monitor

FEBRUARY 6, 2020

The Bureau’s press release states that the proposed consent order is part of “the global resolution of the Think Finance Entities’ bankruptcy proceeding…which includes settlements with the Pennsylvania Attorney General’s Office and private litigants in a nationwide consumer class action.

South Dakota 78

South Dakota North Carolina New Hampshire Company 78

American Banker

MAY 31, 2016

At least three community banks have hired lenders who once worked at banks bought by BB&T. The question is whether those lenders can coax their clients to also make a switch.

Pennsylvania 28

Pennsylvania Community Bank Community Strategy 28

Jeff For Banks

JANUARY 28, 2012

The results were surprising to the client and helped them to peel back the onion further to uncover opportunities to increase production and reduce per-unit costs in their residential lending unit. For example, volumes were down in my home state of Pennsylvania from 2009 through 2010, the latest year HMDA data is available.

Marketing 86

Marketing Pennsylvania Lending Community 86

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.

Utah 78

Utah California FDIC West Virginia 78

CB Insights

NOVEMBER 6, 2019

Collectively, these startups have raised over $9.5B, with leading companies including lending startup Avant (Illinois, $655M in total disclosed equity funding), next-gen auto insurer Root Insurance (Ohio, $509M), restaurant finances management system Toast (Massachusetts, $503M), and small business lending startup Kabbage (Georgia, $490M).

United States 72

United States Fintech North Carolina Rhode Island 72

PYMNTS

MAY 28, 2018

“Disruptive FinTech startups not long ago were thought to threaten important revenue streams of even the biggest financial institutions,” reads a report released in late April by the Wharton School of the University of Pennsylvania. But they are now pursuing business models based on collaboration with banks or even being acquired by them.”.

Fintech 100

Fintech Examples Pennsylvania Lending 100