Tag Archives: financial institutions

DOBI Regulated Entities Must Fully Comply with US Sanctions on Russia and Belarus

Advises insurance companies and financial institutions to protect systems against increasing cyber risks, among other actions March 17, 2022 The New Jersey Department of Banking and Insurance today ordered insurance companies, financial institutions and other entities it regulates to comply fully with sanctions imposed on Russia and Belarus by the …

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How to protect your purchasing power from inflation | Business

Inflation – the rise in consumer prices – is a slow erosion of your money over time. Prior to 2021, the United States had not seen annual underlying inflation well above 3% for nearly 25 years, says Michael Ashton, managing director of Enduring Investments, an investment and advisory firm in …

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Essex County man sentenced to 108 months in prison for mortgage and securities fraud schemes | USAO-NJ

NEWARK, NJ – An Essex County, New Jersey man was sentenced today to 108 months in prison for conspiring to obtain mortgages to finance the sale of properties to unqualified buyers, fraud in securities by tricking a victim into investing more than $1.2 million in real estate businesses under false …

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How to Choose the Best Loan Company for Bad Credit

A bad credit loan could be a viable option if you can’t get approved for a loan from a bank, credit union, or borrow money from friends and family. It is relatively easy to apply and most lenders issue quick loan decisions. Interest rates can reach up to 36% on …

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Why You (and I) Should Appoint a “Trusted Contact”

March 04, 2022, 2:30 p.m.Updated 1 hour ago By: NerdWallet For the past few years, financial services companies have asked me to appoint a “trusted contact”. Banks, brokers and insurers increasingly want to have someone to call or email in case they notice suspicious activity and cannot reach the account …

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NEW YORK COMMUNITY BANCORP, INC. ANNOUNCES THE APPOINTMENT OF MARSHALL LUX TO ITS BOARD OF DIRECTORS

HICKSVILLE, NY, February 28, 2022 /PRNewswire/ — New York Community Bancorp, Inc. (NYSE: NYCB) (the “Company” or “NYCB”) today announced the appointment of Marshall Lux – a prominent and highly regarded professional in the financial services industry – to the Boards of Directors of the Company and its principal banking …

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Cost of Living Crisis: Top Tips to Protect Your Wallet Against Spiraling Inflation

Inflation – rising consumer prices – is a slow erosion of your money over time and it’s starting to seriously bite. Prior to 2021, the United States had not seen annual underlying inflation well above 3% for nearly 25 years, says Michael Ashton, managing director of Enduring Investments, an investment …

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Early Financial Literacy Lessons Can Put Students on the Right Path for Life

Every high school student must take courses in physical education, fine arts, and social studies to graduate from Montgomery County Public Schools. It is time that financial literacy was also required for graduation. It is exciting that MCPS and district leaders are taking notice and that there is a stronger …

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Missouri Small Business Loans | Navigation

More than half a million small businesses call Missouri home and in turn employ some 1.2 million Missourians according to the SBA Advocacy Office. Small business loans are essential for many new and existing businesses, as well as those struggling to survive the challenges posed by the coronavirus pandemic. If …

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Here’s how to lock in a low rate

Select’s editorial team works independently to review financial products and write articles that we think our readers will find useful. We may receive a commission when you click on links to our affiliate partners’ products. Pandemic-related consumer issues began with toilet paper shortages and evolved into record house prices, leaving …

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Community foundation pledges $25,000 for financial empowerment

Community foundation pledges $25,000 for financial empowerment Focus on financial advice to make good financial decisions PATERSON, NJ – The Community Foundation of New Jersey announced today that it has committed $25,000 for the financial empowerment of Paterson residents. The funding will take the form of a grant to the …

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nCino Completes Acquisition of Mortgage Software Provider

SimpleNexus, a provider of homeownership software, is officially part of nCino. The Wilmington-based financial institution software company announced Monday that its acquisition of SimpleNexus is complete. The transaction, announced in November, was valued at $ 1.2 billion and consisted of approximately 12.75 million nCino common shares and approximately $ 270 …

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Payday Progress In Atlanta Bad Credit? You are prompted to use

Payday Progress In Atlanta Bad Credit? You are prompted to use Less than perfect credit? You may be prompted to use! We have used the services of mortgage service providers who only run loans which is actually comfortable. This means that you will see a much greater possibility of affirmation …

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Home improvement loan: expectations vs. Reality

In light of the current global turmoil, we can all agree that a good home improvement loan is a good idea. People can now consider buying a home and financing it with a home loan. However, when it comes to applying for a mortgage, there are many misconceptions. For lack …

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Lindabury Donates Christmas Gifts to the Boys & Girls Club of Union County

Staff from the law firm Lindabury, McCormick, Estabrook & Cooper, PC, came together to bring the holiday spirit to the children of the area. Together, they purchased 90 toys to give as Christmas gifts to children served by the Boys and Girls Club of Union County. The mission of the …

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Here’s how bankers can confidently work with the cannabis industry

Opinions expressed by Contractor the contributors are theirs. The challenges of high-risk banking businesses are not new to financial institutions. But the hurdles of banking the cannabis industry, which is still federally illegal, add a whole new element of challenges. Getting an open banking relationship for cannabis companies isn’t easy. …

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Loan Officer Admits To Participating In Large Scale Mortgage Fraud Scheme | USAO-NJ

NEWARK, NJ – A loan officer at a mortgage company today admitted his role in a long-standing, large-scale mortgage fraud scheme, acting U.S. lawyer Rachael A. Honig said. Isaac DePaula, 41, pleaded guilty before U.S. District Judge Esther Salas of the Newark Federal Court to Count 1 of an indictment …

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Emergency lame duck – NJBIZ

January 11, 2022 will mark a change of power in Trenton. Only Governor Phil Murphy and Assembly Speaker Craig Coughlin of D-19th District will retain their leadership positions. Longtime Republican leaders – Senator Tom Kean and Assembly Member Jon Bramnick are both leaving their seats, with Kean stepping down and …

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‘Like a heavy anchor he brought down his whole family’: Credit Repair Business Operator and 7 Family Members Sentenced in $ 3.4 Million Identity Fraud Case

If you can’t trust your family, who can you trust? The operator of a credit repair business in North Carolina was sentenced to more than eight years in prison for creating false police reports to clean up bad credit from his customers and enlisting his family to help manage a …

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Middlesex Man Sentenced to 30 Months in Jail for Paycheck Protection Program and Obtaining Funds from Stolen and Altered US Treasury Checks | USAO-NJ

TRENTON, NJ – A man in Middlesex County, New Jersey was sentenced today to 30 months in prison for fraudulently receiving Payment Protection Program (P3) funds and depositing a stolen US Treasury check and tampered with, Acting Prosecutor Rachael A. Honig announced today. Bernard Lopez, 40, had already pleaded guilty …

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93% of payday loan borrowers regret taking out their loans, survey finds

Payday loans can be a debt trap for borrowers who cannot afford to make payments. Here’s how you can pay off your payday loan balance before it goes to debt collectors. (iStock) Payday lenders prey on borrowers with bad credit who are in desperate need of cash, trapping them in …

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LendingClub Endorses Small Business Truth in US House and Senate Loan Bill

SAN FRANCISCO, November 18, 2021 / PRNewswire / – LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, the leading digital marketplace bank in the United States, approved a bill introduced today in United States House and Senate that would extend the transparency standards of the federal Lending Truth …

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Finastra partners with Hexaware to speed up digital payments for certain European banks

LONDON, November 10, 2021 / PRNewswire / – Finastra today announced its partnership with Hexaware Technologies (Hexaware) to provide managed services for Finastra payment solutions deployed in the cloud. This decision helps Hexaware customers to Germany, Belgium, the United Kingdom and Ireland take ownership of their payment infrastructure. The partnership …

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Cross River Acquires Small Business Software Provider Betterfin

November 2, 2021 Cross River Bank, the Fort Lee-based technology-driven financial services organization, announced the acquisition of Betterfin, a financial platform that provides small business owners with access to a wide range of products and services. financial solutions, capital market data and manage their own loans. and cash flow processes. …

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The United States Attorney’s Office for the District of New Jersey Announces Partnership in the Department of Justice’s Combatting Redlining Initiative | USAO-NJ

NEWARK – The United States Attorney’s Office for the District of New Jersey has announced its partnership with the Department of Justice’s Civil Rights Division as it launches the department’s new anti-redlining initiative. Redlining is an illegal practice in which lenders avoid providing services to people living in communities of …

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Caldwell Fills Technology Positions for Concentra Bank

October 13, 2021 – Drew Railton and Adam Cotterall of Caldwell recently hired Dave Baldarelli as Chief Digital Officer and Wendy Murphy as Chief Technology and Operations Officer at Concentra Bank. Mr. Baldarelli is a motivational leader with a demonstrated ability to guide an organization through innovation and in-depth business …

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URSB is hiring a senior manager

Bank veteran Gary McEldowney joins the bank as senior vice president Posted: October 6, 2021 at 11:53 a.m. EDT|Update: 4 hours ago CARTERET, New Jersey, October 6, 2021 / PRNewswire / – URSB, Carteret local bank with over 100 years of exceptional personalized service and community commitment, has hired Gary …

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Black business pioneer honored in Germantown

Sign up for our daily email newsletter to stay up to date with the latest local news across Philadelphia. Over 100 years ago, a Victorian building in Germantown was the bustling seat of one of the country’s richest black entrepreneurs. John S. Trower, born before slavery ended, moved to Philadelphia …

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New York Community Bancorp, Inc. Joins MDI Innovation Committee to Help Modernize Technology in Minority Depository Institutions

HICKSVILLE, NY, September 30, 2021 / PRNewswire / – New York Community Bancorp, Inc. (NYSE: NYCB) (the “Company”) today announced that it has joined the new Minority Depository Institutions Innovation Committee (the “Committee”) . The committee will serve as a vital avenue for modernizing the technological capabilities of minority depositories, …

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OpenLegacy’s Digital Integration Platform Delivers 353% Return on Investment According to New Total Economic Impact Study | Business

PRINCETON, NJ – (BUSINESS WIRE) – Sep 15, 2021– OpenLegacy, which turns monolithic mainframe systems into cloud-native innovation building blocks, today announced the results of a recently released Total Economic Impact (TEI) study conducted by Forrester Consulting. The study determined that OpenLegacy’s digital integration platform delivers a 353% return on …

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The commercial cyber insurance market could see a big movement

A new intelligence report published by HTF MI with the title “Worldwide Commercial Cyber ​​Insurance Market Survey & Outlook” is designed to cover the micro level of analysis by insurers and business segments, offerings and channels key sales. Worldwide Commercial Cyber ​​Insurance offers energetic visions to determine market size, opportunities, …

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What happens when it expires?

Thea Gleason juggles jobs to support her family of four in Little Egg Harbor, supplementing her salary as a high school English teacher with a second job in a warehouse. She’s also usually a waitress, but that gig fell apart when the COVID pandemic hit, slashing her income. So his …

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Save first, spend later

Plainsboro (New Jersey) [USA], June 2 (ANI / PNN): Have you been hiding your money lately? Well, you are not alone. The current pandemic has caused America to save more, resulting in an unusually high personal savings rate. The personal savings rate – the amount people save as a percentage …

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Looking to the future: Bank executives say – with reservations – lending environment bounces back with post-pandemic reopenings

Between personal bank accounts filled with stimulus dollars and relief programs strengthening corporate balance sheets, loan growth has been lackluster for financial institutions over the past year. But bank executives say that could change – and sooner than expected. Banks are already posting record profits in the first quarter of …

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Big data against credit gap

There is a trap at the heart of America’s financial system: To get credit, you must already have established a credit history. Millions of Americans never find a way around the contradiction and, as a result, are excluded from things like credit cards or student loans that the rest of …

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Can China Avoid a Bad Debt Financial Crisis?

Trade frictions with the United States have slowed China’s growth. While the economy appears to have bottomed out on support from stimulus measures, it remains burdened by a major problem reported by many in recent years: excess corporate liabilities and bad bank loans. A financial crisis in China could deal …

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