by admin | Feb 26, 2018 | banking, black owned, loans
Three of New York City’s designated banks are giving a combined $40 million to city programs supporting minority- and women-owned businesses and enterprises (MWBEs)—on top of a $20 million investment from the city. The biggest commitment came from Amalgamated Bank,...
by admin | Feb 24, 2016 | banking, dodd frank, finance, loans, minority remarketing, Wall street reform
By Divya Sundar RELATED CONTENT Diversity Lacking at Federal Regulators The directors of the newly created Offices of Women and Minority Inclusion (OMWI) recently submitted their first reports to Congress. These reports show a good start, but also illustrate how much...
by admin | Aug 12, 2015 | banking, black owned, cfpb, dodd frank, finance, loans, minority remarketing, poor, Remarketing, status quo
For football fans, you may recognize this as a QB audible. For others, you’ll recognize these as fines paid by Ally 98 mil, Honda 24 mil, Toyota (pending), Fifth-third (pending) and Santander (pending) for discriminatory and racists auto loan practices. The...
by admin | Jul 30, 2015 | banking, black owned, cfpb, credit union, dodd frank, finance, loans, minority remarketing, office of OMWI, payday, poor, Remarketing, section 342, status quo
Although, the final rules have not yet been adopted the CFPB has given a clear road map into the future. http://files.consumerfinance.gov/f/201210_cfpb_debt-collection-examination-procedures.pdf . For the last year, the CFPB has made it clear that; Dealers, Banks,...
by admin | Jul 6, 2015 | banking, cfpb, credit union, dodd frank, loans, office of OMWI, section 342
On June 9, 2015, federal financial regulators issued a final policy statement establishing joint standards for assessing the diversity policy and practices of financial institutions and other entities regulated by the OCC, FRB, FDIC, NCUA, CFPB or SEC. The SEC has...
by admin | Jun 18, 2015 | banking, black owned, cfpb, credit union, dodd frank, finance, loans, minority remarketing, office of OMWI, Remarketing, section 342
Now that the CFPB has become the overseeing authority over banks and auto lenders, having trusted vendors like GSF Remarketing are not only critical to company success but are now legal obligations of compliance. At GSF Remarketing, we not only meet but exceed the...
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