CFPB Monitor

AUGUST 15, 2023

A Texas credit union and two credit union trade associations have been granted leave to intervene in the lawsuit challenging the CFPB’s final small business lending rule (Rule) that is pending in a Texas federal district court.

Texas 78

Texas Lending Kentucky National 78

CFPB Monitor

AUGUST 3, 2023

Yesterday, we published a blog post in which I urged the CFPB to agree to extend the relief granted by the Texas federal district court in the lawsuit challenging the CFPB’s final small business lending rule (Rule) to all entities covered by the Rule.

Texas 78

Texas Lending FDIC Compliance 78

CFPB Monitor

SEPTEMBER 5, 2023

This past Thursday, August 31, another preliminary injunction motion was filed in the Texas lawsuit challenging the CFPB’s small business lending rule (Rule).

Texas 78

Texas Lending 78

CFPB Monitor

AUGUST 31, 2023

Yet another unopposed emergency motion for leave to intervene has been filed in the Texas lawsuit challenging the CFPB’s final small business lending rule (Rule). Continue Reading

Texas 78

Texas Lending 78

CFPB Monitor

SEPTEMBER 11, 2023

As we predicted long ago, on Friday, September 8, 2023, the Federal District Court for the Eastern District of Texas vacated the changes made in March 2022 to the CFPB’s Exam Manual. Continue Reading

Texas 97

Texas Lending 97

CFPB Monitor

AUGUST 16, 2023

Two new developments occurred yesterday in the Texas lawsuit challenging the CFPB’s final small business lending rule (Rule).

Texas 78

Texas Community Community Bank Lending 78

American Banker

JULY 24, 2023

Valarie Ivester, assistant vice president of indirect strategy and development for Greater Texas Credit Union, has helped update strategy from the start of the pandemic through the recent chip shortage.

Texas 69

Texas Lending Strategy 69

CFPB Monitor

DECEMBER 27, 2023

The CFPB and Justice Department filed a joint complaint last week in a Texas federal district court against Colony Ridge Development, LLC and three related entities (collectively, “Colony Ridge”) in which the agencies allege that Colony Ridge engaged in discriminatory targeting of Hispanic consumers with predatory financing and other unlawful conduct. (..)

Texas 148

Texas Lending 148

CFPB Monitor

AUGUST 9, 2023

Last week, we published a blog post urging the CFPB to agree to extend the relief granted by the Texas federal district court in the lawsuit challenging the CFPB’s final small business lending rule (Rule) to all entities covered by the Rule. Continue Reading

Texas 78

Texas Lending 78

CFPB Monitor

AUGUST 17, 2023

Continue Reading

Texas 78

Texas Community Bank Community Lending 78

CFPB Monitor

AUGUST 2, 2023

On Monday, the Texas federal district court hearing the lawsuit challenging the validity of the CFPB’s final rule implementing Section 1071 of the Dodd-Frank Act (Rule) issued an order that preliminarily enjoins the CFPB from implementing and enforcing the Rule “pending the Supreme Court’s reversal of [ Community Financial Services Association of America (..)

Texas 78

Texas America Community Lending 78

CFPB Monitor

SEPTEMBER 6, 2023

The CFPB has filed its opposition to the motion for a preliminary injunction filed by the plaintiffs in the Kentucky federal court lawsuit challenging the CFPB’s final small business lending rule (Rule). The plaintiffs in the Kentucky lawsuit are the Kentucky Bankers Association and several Kentucky banks.

Kentucky 88

Kentucky Lending Texas Community Bank 88

CFPB Monitor

FEBRUARY 7, 2024

Several national and Texas banking and business trade groups have filed a lawsuit in the U.S.

Texas 78

Texas Community Groups FDIC 78

American Banker

SEPTEMBER 11, 2020

At a time when many lenders are shying away from an industry hit hard by the pandemic, State Bank of Texas is going all in.

Texas 83

Texas Lending Industry Community Bank 83

CFPB Monitor

AUGUST 17, 2023

District Court for the Eastern District of Kentucky alleging that the CFPB’s final small business lending rule (Rule) is invalid because, among other reasons, the CFPB is unconstitutionally funded.

Kentucky 78

Kentucky Lending Texas Report 78

American Banker

OCTOBER 18, 2023

Texas Attorney General Ken Paxton's office said it's reviewing whether 10 financial companies, including Bank of America and JPMorgan Chase, violate a state law that punishes firms for restricting their work with the oil-and-gas industry because of climate-change concerns.

Texas 59

Texas Policies America Industry 59

American Banker

SEPTEMBER 10, 2023

A district court judge ruled that Congress did not give the Consumer Financial Protection Bureau broad authority to look for discrimination, putting a major dent into the bureau's efforts to apply anti-discrimination principles to non-lending products such as advertising.

Texas 88

Texas Policies Lending Compliance 88

PYMNTS

JUNE 6, 2019

When it comes to small business (SMB) lending, the top two contenders for business owners are banks and alternative financiers or online marketplaces. The SBA and NCUA collaboration is a three-year agreement that aims to build upon that momentum, and heighten CUs’ share of the SMB lending market. Credit Unions In Growth Mode.

Lending 129

Lending Analytics Data Security 129

American Banker

APRIL 18, 2024

The first-quarter increase stemmed from higher interest rates, partial charge-offs and certain problem loans, many involving commercial real estate, executives at the Dallas bank say. Further CRE deterioration is anticipated.

Dallas 76

Dallas Texas Capital Report 76

SWBC's LenderHub

OCTOBER 20, 2022

In case you missed the first one, A Discussion About Equity and Inclusion in Lending , we are engaging in various conversations with real estate and real estate lending professionals regarding diversity, equity, and inclusion within our industries. Welcome to the second conversation in our Elevating Voices Series!

Texas 78

Texas Taxes Lending Community 78

Abrigo

OCTOBER 17, 2022

He built a strong leadership team and an employee base that has been recognized consistently as one of the best places to work in Austin, Texas, and Raleigh, N.C., He was named an Ernst & Young LLP (EY US) Entrepreneur of the Year 2021 Central Texas Award Winner. and in bank technology nationally.

Texas 370

Texas Leadership Austin Raleigh 370

American Banker

NOVEMBER 2, 2023

The JPMorgan Chase chief says Texas risks undermining its business-friendly reputation with laws designed to punish Wall Street banks for policies that limit work with the gun and fossil-fuel industries.

Texas 36

Texas Policies Industry Lending 36

American Banker

OCTOBER 24, 2023

The move shows Texas governments, major issuers of municipal bonds, are wary of working with banks that state Attorney General Ken Paxton put under review last week in connection with their climate change policies.

Texas 36

Texas Policies Lending 36

CFPB Monitor

OCTOBER 4, 2021

The Texas federal district court has denied the motion of the two trade groups challenging the payment provisions in the CFPB’s 2017 final payday/auto title/high-rate installment loan rule for an extension of its stay of the compliance date until 286 days after their appeal to the Fifth Circuit is resolved.

Texas 78

Texas Groups Compliance Payments 78

Bank Innovation

DECEMBER 5, 2018

This acquisition, the second of the year for Austin, Texas-based Q2, came about through a shared investor, Gro CEO David Eads told Bank Innovation. Q2 announced it was buying Cloud Lending, a cloud-based lending platform, in August. In 2017, […].

Austin 150

Austin Atlanta Texas Lending 150

American Banker

JUNE 27, 2023

The bank hasn't managed debt sales in Texas since a measure took effect in 2021 that bars governmental entities from working with companies that "discriminate" against firearms businesses. BofA's "current risk-based framework and policies" can comply with that law, a lawyer for the bank has told the state.

Texas 36

Texas America Policies Management 36

PYMNTS

JULY 28, 2017

the embattled bank, is reportedly overhauling its auto lending unit in an effort to control risk. The lending staff in the offices will be relocated to central offices in Chandler, Arizona, and Irving, Texas, noted the report. Wells Fargo & Co., and get rid of the regional manager positions in the impacted offices.

Lending 100

Lending Arizona Regional Texas 100

PYMNTS

OCTOBER 4, 2017

The payday lending and debt collection industry is controversial, to say the least, and it is getting a day in court. The financial publication reported that the trial centers on Scott Tucker, who is alleged to have run a $2 billion payday lending operation that advanced funds to more than 4.5 million people. million people.

Lending 102

Lending New York Exercises Texas 102

Bank Innovation

MARCH 16, 2016

It will reach Texas, Florida and New York in the next 10 to 12 months, according to the company, which claims that, in less than three Read More. Millennials hate credit — but a new service called Lenny is out to change that. Lenny is meant for mobile (of course) and launched today in California.

Millennials 150

Millennials Mobile Florida Lending 150

CFPB Monitor

AUGUST 2, 2021

The Texas federal district court hearing the lawsuit filed by two trade groups challenging the CFPB’s 2017 final payday/auto title/high-rate installment loan rule (2017 Rule) has entered an order directing the parties to files briefs regarding a compliance date for the 2017 Rule’s payment provisions.

Texas 78

Texas Compliance Payments Groups 78

American Banker

JULY 30, 2020

Now that its deal with Texas Capital has been called off, Independent Bank in McKinney plans to scale back or exit some commercial lines and will seek to duplicate its retail banking successes in Colorado.

Texas 45

Texas Course Colorado Capital 45

PYMNTS

APRIL 17, 2018

Interest rates plummeted as the Fed held the federal funds rate at zero in the hopes of stimulating lending in an environment where credit went from dangerously free-flowing to dangerously non-existent in the span of a few months. The New Subprime Lending Path. Citigroup’s auto lending unit has been nearly entirely sold off.

Lending 137

Lending Examples America Metro 137

American Banker

MARCH 7, 2024

The Columbus, Ohio, regional bank will focus first on Dallas before venturing statewide. Its move into the Lone Star State comes three months after announcing a similar initiative in the Carolinas.

Texas 36

Texas Columbus Dallas Ohio 36

American Banker

APRIL 19, 2024

At a time of mild or nonexistent loan growth, middle-market borrowers in the Lone Star State are providing a boost to Fifth Third Bancorp and Huntington Bancshares.

Ohio 36

Ohio Texas Marketing Lending 36

American Banker

DECEMBER 26, 2019

Spirit of Texas Bancshares is acquiring four branches and a loan production office from Simmons First National Corp. as part of an aggressive expansion in its home state.

San Antonio 53

San Antonio Texas Austin National 53

Independent Banker

JULY 30, 2015

Veritex is a combination of the words “veritas,” which means truth in Latin, and “Texas.” The bank uses the slogan “Truth in Texas Banking.”). Kerry Curry is a financial writer in Texas. He became a full-fledged community bank owner by purchasing a Dallas community bank, which was renamed Veritex Community Bank.

Texas 70

Texas Fort Worth Dallas Community Bank 70

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. As can be seen, Arizona and Texas have the largest increases in credit risk, while Minnesota and Maine are the most stable. This quarter, it is 2.58%.

Trends 195

Trends Minnesota North Dakota Arizona 195