Search for: "BANK LENDER GROUP"
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10 Sep 2020, 11:08 am
On September 3, 2020, the California Department of Business Oversight (DBO) announced that it has launched a formal investigation into whether Wheels Financial Group, LLC d/b/a LoanMart, formerly one of California’s largest state-licensed auto title lenders, “is evading California’s newly-enacted interest rate caps through its recent partnership with an out-of-state bank. [read post]
21 Jun 2021, 8:27 am
The repeal of the Fake Lender has been endorsed by a group of nearly 140 scholars from across the country, including yours truly and many Slipsters. [read post]
3 May 2021, 7:10 am
Haynes, III cited opposition to payday lending and predatory lending by the faith-based groups he represents, mentioned concerns that the True Lender rule would “enable predatory lenders to ignore state interest rate caps by paying a bank willing to masquerade as the ‘true lender’ ”, and called on Congress to pass a 36% rate cap in addition to supporting a resolution to overturn the True Lender rule. [read post]
29 May 2009, 1:43 pm
A group of banks led by Wells Fargo said Friday that it opposed a $119 million bid by the British private equity firm Emerisque Brands for the bankrupt men's clothier Hartmarx, saying the offer failed to provide adequate value to Hartmarx's lenders. [read post]
11 Mar 2023, 9:00 am
"First Republic Bank and PacWest Bancorp both plunged Friday as the upheaval at SVB Financial Group spread to other lenders. [read post]
20 Feb 2012, 2:48 am
The bank becomes the first British lender to cut past bonuses because of losses that turned up later. [read post]
19 Jul 2010, 3:26 am
North American Financial Holdings, run by the former chief of Bank of America's investment banking unit, bought three failed United States lenders, as the number of banks taken over by the Federal Deposit Insurance Corporation this year hit 96, Bloomberg News reported. [read post]
5 Dec 2011, 9:56 am
The major banks funding payday lending include Wells Fargo, Bank of America, US Bank, JP Morgan Bank, and National City (PNC Financial Services Group). 6. [read post]
9 Sep 2021, 11:26 am
The OCC’s true lender rule was intended to create a bright line test for when a national bank or federal savings association should be considered the “true lender” in the context of third party partnerships but Congress overturned the rule. [read post]
1 May 2009, 9:42 am
Heading both groups are high-powered attorneys: Simpson Thacher for the lead bank lender, and White & Case for the group that calls itself the "non-TARP lenders. [read post]
31 May 2011, 1:01 pm
Shares of Herald National Bank, a small, New York-based bank, rose more than 15 percent on Tuesday after Bloomberg News reported that BankUnited, a lender backed by the Blackstone Group and the Carlyle Group, was nearing an agreement to buy it. [read post]
2 Sep 2008, 11:03 am
The head of Korea Development Bank said Tuesday that the state-owned lender is in discussions about potentially acquiring troubled U.S. investment bank Lehman Brothers as part of a larger investment group. [read post]
3 Jun 2008, 4:38 am
TPG may hope to profit from consolidation in the banking sector with its recent investment in Bradford & Bingley, a troubled British mortgage lender, some analysts said. [read post]
27 Apr 2010, 4:44 am
CIT Group, the bank that exited bankruptcy in December, said Tuesday that it had a profit of $97 million for the first quarter, signaling that a major U.S. lender to small and midsize companies may be solidly on the road back to health. [read post]
10 Aug 2018, 1:00 pm
As a lender-of-last-resort, the Federal Reserve famously supports commercial banks facing distressed liquidity conditions, thereby mitigating destabilizing bank runs. [read post]
15 Dec 2006, 4:51 am
Bawag PSK Bank, the Austrian lender that almost collapsed because of its ties to the failed futures broker Refco, agreed to be acquired by a group led by the private-equity firm Cerberus Capital Management of the United States. [read post]
13 Mar 2024, 7:02 pm
“At Second Circuit, global banks battle claims they aided al-Qaida, Taliban; The plaintiffs say that the lenders did business with Pakistani fertilizer plants that provided the terror groups with explosive materials”: Erik Uebelacker of Courthouse News Service has this report. [read post]
20 Feb 2014, 2:31 am
Banks must put the well-being of customers at the heart of how they run their businesses.After years of licking their mostly self-inflicted wounds, banks are now starting to compete for borrowers with ‘free legals’ reemerging as the preferred incentive to lure borrowers.How to square the TCF outcomes the FSA wants to see mortgage lenders deliver with the use of free legals? [read post]
13 Oct 2020, 6:50 am
Many comments opposing the Proposed Rule were filed by banks, state authorities, special interest groups, academics and others. [read post]
12 May 2021, 8:48 am
In our view, the rule established a clear and logical bright line confirming and clarifying that a bank or savings association is properly regarded as the “true lender” when, as of the date of origination, the bank is named as the lender in a loan agreement or funds the loan. [read post]
