new york

As California mulls rules for payday loan alternative, rifts emerge

06/24/19

Companies that offer early access to earned wages want a regulatory framework for their fast-growing industry. But the bill under consideration in Sacramento is exposing big divisions in the sector.

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New York moves to ban confessions of judgment for out-of-state loans

06/21/19

New York lawmakers took steps to prevent predatory lenders from using the state's court system to seize the assets of small businesses nationwide.

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New York de novo debuts after raising $131 million

05/30/19

Grasshopper Bancorp will target the innovation economy in New York City and other markets across the country.

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PDL Community in New York to buy mortgage lender

05/22/19

The parent of Ponce Bank has agreed to acquire Mortgage World Bankers.

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In mortgages, these banks zigged while many others zagged

05/21/19

While regulation and nonbank competition are spooking some banks, others believe low funding costs and the right relationships can help them succeed.

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In New York, growing support for a public bank

05/17/19

Undeterred by setbacks in other cities, a broad coalition of community groups is seizing on popular mistrust of traditional banks to press the case for a city-owned bank.

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10 years after resurrection, BankUnited eyes Atlanta, servicing exit

05/17/19

The moves are part of a plan CEO Rajinder Singh discussed in a conversation with American Banker.

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Multifamily lenders balk at N.Y.’s proposed tenant-friendly reforms

05/10/19

Housing advocates and Democratic lawmakers want to create more protections for tenants of rent-controlled apartments, but they are facing stiff opposition from property owners and the banks that lend to them.

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Pathfinder in New York raises $21 million

05/09/19

The company said it could use proceeds from selling common and preferred stock to increase lending and add branches.

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What ruling on noncompete clauses means for banks — and job hunters

05/01/19

It just got harder for banks in Georgia to enforce noncompete agreements in employee contracts. For employees of two merging banks, BB&T and SunTrust, the timing couldn’t be better.

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