United States federal banking legislation

Nexo Doubles Earn on Crypto Interest Rates

Retrieved on: 
Wednesday, October 28, 2020
Professional services, Technology, Mobile, Wireless, Software, Finance, Venture capital, Banking, Money, Finance, Economy, Interest rates, Cryptocurrencies, Decentralization, Annual percentage yield, United States federal banking legislation, Stablecoin, Interest, Currency

View the full release here: https://www.businesswire.com/news/home/20201028005868/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20201028005868/en/
    Nexo's newly released Earn UP and Earn in NEXO features deliver interest rates of up to 12% APY to the platform's clients.
  • (Photo: Business Wire)
    The substantial hike constitutes a 1% bump in savings interest rates on all supported cryptocurrencies, bringing rates for these assets up to 6% APY.
  • The introduction of Earn in NEXO offers an extra 2% APY for savings in all digital and fiat assets the Nexo platform carries, respectively bringing maximum interest rates for the Earn suite to 8% and 12% for cryptocurrencies, and fiat and stablecoins.
  • Previously, Nexo interest rates ranged between 4% and 5% on cryptocurrencies, and 8% to 10% on fiat and stablecoins.

Marquette Bank Awarded Tenth Consecutive Community Reinvestment Act 'Outstanding' Rating

Retrieved on: 
Tuesday, October 27, 2020
Community Reinvestment Act, Mortgage industry of the United States, United States federal banking legislation, Marquette, Politics of the United States

ORLAND PARK, Ill., Oct. 27, 2020 /PRNewswire/ -- Marquette Bank, a locally-owned neighborhood bank and the banking subsidiary of Marquette National Corporation (MNAT), was awarded its tenth consecutive Community Reinvestment Act (CRA) 'Outstanding' rating, the highest performance rating, from the U.S. Federal Reserve Bank during its most recent evaluation period.

Key Points: 
  • ORLAND PARK, Ill., Oct. 27, 2020 /PRNewswire/ -- Marquette Bank, a locally-owned neighborhood bank and the banking subsidiary of Marquette National Corporation (MNAT), was awarded its tenth consecutive Community Reinvestment Act (CRA) 'Outstanding' rating, the highest performance rating, from the U.S. Federal Reserve Bank during its most recent evaluation period.
  • For 75 years, Marquette Bank has been committed to our customers, neighbors, local small business owners and the communities we serve," said George Moncada, President and CEO of Marquette Bank.
  • The bank also operates two foundations: Marquette Bank Affordable Housing Foundation that offers homebuyer assistance in lower income neighborhoods; and the Marquette Bank Education Foundation that awards 60 scholarships to graduating seniors each year.
  • "Where you bank matters and when you bank with Marquette Bank, you can feel good knowing that you are directly contributing to the success of our local residents and our local economy," Manny Jimenez, First Vice President and CRA Officer for Marquette Bank, commented.

Beatrice Kelly Joins Comerica to Lead Community Development Lending Program

Retrieved on: 
Monday, October 26, 2020
Community development, Mortgage industry of the United States, United States federal banking legislation, Urban economics, Urban politics in the United States, Community Reinvestment Act, Comerica, Economy of the United States, Cities in the United States, Politics of the United States

In her new role, Kelly will be responsible for growing Comerica's community development lending program.

Key Points: 
  • In her new role, Kelly will be responsible for growing Comerica's community development lending program.
  • "Undoubtedly, she will strengthen collaborative initiatives with our line of business leaders to establish go-to-market strategy for Community Reinvestment Act (CRA) lending across Comerica's footprint."
  • Kelly, an experienced veteran of the financial services industry, rejoins Comerica following an eight-year tenure at Fifth Third Bank.
  • Prior to that, Kelly spent 17 years at Comerica where she held roles in Business Banking and Commercial Bank Training & Recruiting.

SilverBow Resources Schedules Third Quarter 2020 Earnings Release and Conference Call

Retrieved on: 
Thursday, October 15, 2020
Oil, Gas, Energy, Economy, Finance, Money, Debt collection, Fair Debt Collection Practices Act, United States federal banking legislation, Federal Trade Commission, Debt settlement, Consumer complaint, Capital Acquisitions and Management Corporation, Debt buyer

A replay will be available approximately two hours after the call through Thursday, November 26, 2020 at 10:59 p.m. Central Time (11:59 p.m. Eastern Time).

Key Points: 
  • A replay will be available approximately two hours after the call through Thursday, November 26, 2020 at 10:59 p.m. Central Time (11:59 p.m. Eastern Time).
  • The replay may be accessed by dialing 1-800-585-8367 or 1-416-621-4642, and referencing the Conference ID: 5165505.
  • SilverBow Resources, Inc. (NYSE: SBOW) is a Houston-based energy company actively engaged in the exploration, development, and production of oil and gas in the Eagle Ford Shale in South Texas.
  • For more information, please visit www.sbow.com .

FTC Acts to Shut Down Unlawful Debt Collection Operation

Retrieved on: 
Thursday, October 15, 2020
Debt collection, Finance, Money, Economy, United States federal banking legislation, Contract law, Fair Debt Collection Practices Act, Bankruptcy in the United States, Fair debt collection, Phantom debt, Henson v. Santander Consumer USA Inc., Debt buyer

In many cases, the defendants were attempting to collect on so-called phantom debtdebts that either were never owedor debts that were no longer owed.

Key Points: 
  • In many cases, the defendants were attempting to collect on so-called phantom debtdebts that either were never owedor debts that were no longer owed.
  • The case was brought as part of the Operation Corrupt Collector law enforcement sweep.
  • The defendants also refused to provide information about the alleged debts as required under the Fair Debt Collection Practices Act (FDCPA).
  • The complaint charges that Critical Resolution Mediation LLC, Parliament Services LLC, and Brian Charles McKenzie violated both the FTC Act and the FDCPA.

FTC Acts to Shut Down Unlawful Debt Collection Operation

Retrieved on: 
Thursday, October 15, 2020
Debt collection, Finance, Money, Economy, United States federal banking legislation, Contract law, Fair Debt Collection Practices Act, Bankruptcy in the United States, Fair debt collection, Phantom debt, Henson v. Santander Consumer USA Inc., Debt buyer

In many cases, the defendants were attempting to collect on so-called phantom debtdebts that either were never owedor debts that were no longer owed.

Key Points: 
  • In many cases, the defendants were attempting to collect on so-called phantom debtdebts that either were never owedor debts that were no longer owed.
  • The case was brought as part of the Operation Corrupt Collector law enforcement sweep.
  • The defendants also refused to provide information about the alleged debts as required under the Fair Debt Collection Practices Act (FDCPA).
  • The complaint charges that Critical Resolution Mediation LLC, Parliament Services LLC, and Brian Charles McKenzie violated both the FTC Act and the FDCPA.

QuestSoft Updates Fair Lending RELIEF to Include Analysis of Consumer Lending

Retrieved on: 
Thursday, October 15, 2020
Professional services, Data management, Technology, Finance, Software, Banking, Mortgage industry of the United States, Finance, Money, United States federal banking legislation, Home Mortgage Disclosure Act, Loans, Economy, United States housing bubble, Urban politics in the United States

QuestSofts latest enhancement to Fair Lending RELIEF is a new module that allows lenders to analyze non-HMDA consumer lending activity.

Key Points: 
  • QuestSofts latest enhancement to Fair Lending RELIEF is a new module that allows lenders to analyze non-HMDA consumer lending activity.
  • "We are excited to offer fair lending monitoring and analysis tools such as matched pair testing, data analysis and mapping for both HMDA and consumer lending," said Loretta Kirkwood, Vice President of Compliance for QuestSoft.
  • Fair Lending RELIEF gives lenders the ability to easily import consumer data for enhanced fair lending risk analysis.
  • "By designing Fair Lending RELIEF to work with consumer loans, many lenders will save time and reduce costs associated with consumer fair lending analysis."

First Ever Website Listing All FDIC- (And Non-FDIC) Insured Banks, by State and City

Retrieved on: 
Saturday, October 3, 2020
Bank, Economic history of Italy, Credit scoring, United States federal banking legislation, Economy, Credit bureau, Bank regulation in the United States

With free access to Consumer Bank Report , this all changes.

Key Points: 
  • With free access to Consumer Bank Report , this all changes.
  • With access to over 10,000 unique brands, consumers now have the option to find a bank that best fits their unique situation.
  • As the consumer banking and finance industry grows, the need for new lead channels and assets has increased dramatically.
  • Consumer Bank Report, LLC and its sister companies are providing solutions to these problems, providing all types of lending companies new opportunities in the space.

QuestSoft Hosting Free Virtual Lending Compliance & Risk Management Conference October 26-28

Retrieved on: 
Tuesday, September 29, 2020
Professional services, Data management, Technology, Finance, Software, Banking, Mortgage industry of the United States, United States federal banking legislation, Home Mortgage Disclosure Act, Regulatory compliance, Finance, Financial services, Money

QuestSoft Corporation will host a one-of-a-kind virtual event October 26-28 that will provide lenders educational sessions on compliance and risk management along with networking events.

Key Points: 
  • QuestSoft Corporation will host a one-of-a-kind virtual event October 26-28 that will provide lenders educational sessions on compliance and risk management along with networking events.
  • This free event will have a special emphasis on providing practical and realistic guidance on current and future compliance and risk management issues.
  • QuestSoft Corporation is the leading provider of comprehensive compliance software and services for the mortgage, bank and credit union industries.
  • QuestSoft offers HMDA processing and reporting, CRA and fair lending compliance analytics, data management and software design expertise, enabling more than 2,500 customers to simplify and speed the collection, analysis and reporting of key lending data.

For Bill Censky, Navigating Change is Second Nature

Retrieved on: 
Thursday, September 24, 2020
United States federal banking legislation, 73rd United States Congress, Federal Deposit Insurance Corporation, Separation of investment and retail banking

Even prior to his official start in banking, Bill would help his father at home with the rendering the banks month-end DDA statements.

Key Points: 
  • Even prior to his official start in banking, Bill would help his father at home with the rendering the banks month-end DDA statements.
  • Bill served as the banks first President and CEO, and had a total staff of just eight.
  • When Bill, Mark, Wayne and I formed the holding company, County Bancorp, Bill was integral in pulling together our business plan.
  • It is my hope that as the years pass, ICB stays true to our original mission and values, said Bill.