Jeff For Banks

NOVEMBER 24, 2019

September 1st, 1999, regulators from the Federal Deposit Insurance Corp, at the behest of the Office of the Comptroller of the Currency, descended on a small coal mining town in Keystone, West Virginia. Nationwide lending! Keystone expanded its lending to include high loan-to-value mortgages and home equity loans.

National 78

National West Virginia Virginia Pennsylvania 78

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

CFPB Monitor

FEBRUARY 17, 2017

In conjunction with the RFI’s issuance, the CFPB held a field hearing on alternative credit data in Charleston, West Virginia at which Director Cordray gave remarks. (In In a break from its prior practice, the CFPB did not publish advance notice of the field hearing on its website.).

Data 84

Data West Virginia Big Data Lending 84

Gonzobanker

DECEMBER 17, 2021

million gets the vaunted consumer lender a much-prized bank charter, low-cost deposits to juice current earnings, and a business lending capability to drive future growth. Goes to Larry Mazza and the crew at MVB Bank in West Virginia. We salute a legend of lending and credit union leadership. The Bank That Gets Fintech.

Fintech 148

Fintech Strategy Leadership Lending 148

PYMNTS

APRIL 20, 2018

Other states are stepping up enforcement, with West Virginia joining Massachusetts to sue Equifax, the credit scoring agency that was hacked, revealing the information of 145 million consumers. Maryland’s General Assembly has created a new commission that’s focused in the same area.

West Virginia 106

West Virginia Massachusetts New Jersey Connecticut 106

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