PYMNTS

AUGUST 1, 2016

Online lending was all the rage even a few months ago, but funding going toward online lending platforms is on the decline. equity investments going toward online lending companies fell 44 percent in the first half of 2016 to $2.1 In June, Lending Club appointed interim CEO Scott Sanborn to the permanent head.

Lending 100

Lending Online Maine Fraud 100

Abrigo

AUGUST 20, 2015

Although loan volumes have increased steadily since 2011, recent increases have coincided with a period of declining farm income,” said a recent report from the Federal Reserve Bank of Kansas City. This growth continues the trend from the first quarter of 2015 , which saw an increase of eight percent year over year.

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PYMNTS

NOVEMBER 27, 2017

3 billion | Amount that Amazon Lending has lent to SMBs since the program’s launch in 2011, with borrowers primarily from the U.S., Here are the numbers: $7.9 billion | Estimated consumer spending between Thanksgiving and Black Friday sales.

Lending 100

Lending social media Data Cards 100

CFPB Monitor

NOVEMBER 22, 2021

At an industry fair lending conference last week, officials from the U.S. Department of Housing and Urban Development (“HUD”) outlined fair lending priorities for their agencies. Patrice Ficklin, Fair Lending Director of the CFPB, was also a keynote speaker. Department of Justice (“DOJ”), the CFPB, and the U.S.

Conference 78

Conference Lending Industry Regulation 78

PYMNTS

DECEMBER 7, 2020

Social Finance (SoFi), a San Francisco-based online lending startup, is holding talks about selling to a blank-check acquisition company, Reuters reported, to help it debut on the stock market. The news reveals CEO Anthony Noto 's aspirations to go public after he succeeded SoFi Co-Founder Mike Cagney in 2018. SoFi was valued at $4.8

Report 269

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PYMNTS

APRIL 29, 2020

The WSJ reported a 2011 audit of SBA lending found the agency’s inspector general discovered documentation deficiencies in 40 percent of the loans it reviewed resulting in “inappropriate or unsupported loan approvals.”. Verifying how SBA loans have been used in the past has posed problems for the agency.

Pennsylvania 353

Pennsylvania Illinois Comparison Lending 353

CFPB Monitor

JUNE 16, 2021

Specifically, the report examines how the CFPB has (i) managed the reorganization of its Office of Fair Lending and Equal Opportunity and related risks during 2018, (ii) monitored and reported on its fair lending performance, and (iii) used new HMDA data fields to analyze and support its fair lending activities.

Lending 78

Lending Report Data Policies 78

South State Correspondent

JULY 7, 2015

In fact, C&D loans were one of the major causes of bank failures from 2009 to 2011. While C&D loan volumes bolstered total loan growth, these same loans resulted in substantial detraction from risk-adjusted return on equity (ROE). Compared to their peak in 2007, current C&D loan portfolios are relatively small.

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PYMNTS

AUGUST 15, 2018

All that to say this has been an especially tough week for CashCall, and possibly the entire installment lending industry in the state. The plaintiffs borrowed from CashCall at rates of 96 percent or 135 percent between 2004 and 2011. The California Court Loss. There’s no bright line,” she said.

Lending 101

Lending California Marketing San Francisco 101

PYMNTS

APRIL 20, 2016

As the nation waits and drama builds over expected new guidelines from the Consumer Financial Protection Bureau on short-term lending, the government watchdog has issued a new report that indicates that the high cost of payday loans is even higher than most people think.

Study 100

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PYMNTS

JANUARY 10, 2020

Netherlands payments firm PayU is acquiring a majority equity stake in PaySense , at a valuation of $185 million, with the intention of merging it with Indian consumer lending business LazyPay , PayU announced on Friday (Jan. Digital lending in India is a $1 trillion opportunity over the next five years, according to estimates from BCG. “We

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Fintech Lending Regional Capital 131

PYMNTS

MAY 20, 2019

banks are seeing a deterioration in commercial lending portfolios for the first time in three years, according to a report by the Financial Times. Commercial lending has grown rapidly, and banks in the U.S. have $23 trillion in commercial loans, which is double the level from 2011 and bigger than overall bank lending growth.

US 164

US Lending America California 164

PYMNTS

JANUARY 7, 2021

Founded in 2011, SoFi has worked to leverage lending after the 2008 financial crisis, focusing on student loan refinancing. Users of Samsung’s Money by SoFi will be able to tap discounts for a variety of Samsung products, from Galaxy smartphones to washers, refrigerators and more. .

Samsung 183

Samsung Capital Lending Innovation 183

PYMNTS

JUNE 17, 2020

In addition, the total number of problem banks the FDIC was watching rose for the first time since 2011, with 54 firms in the first quarter, up from 51. Banks like Chase and Wells Fargo have set about tightening the reins on their lending practices, looking to minimize the risk during the times of economic uncertainty. Banks saw a $1.2

FDIC 203

FDIC US Lending Report 203

CFPB Monitor

APRIL 14, 2016

The announcement included the news that the CFPB has filled the position of Assistant Director for the Office of Small Business Lending Markets. The leadership additions announced by the CFPB were the following: Grady Hedgespeth will serve as the Assistant Director for the Office of Small Business Lending Markets.

Leadership 60

Leadership Lending Marketing Regional 60

TheGuardian

APRIL 25, 2024

The UK bank said pre-tax profits fell to £2.3bn in the first quarter, down from £2.6bn last year, when it reported the strongest quarterly profit since 2011 after a string of interest rate hikes by the Bank of England. Continue reading.

Taxes 62

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Abrigo

FEBRUARY 17, 2015

trillion at the end of the third quarter of 2011. Which areas of lending and what banks are driving the expansion? Agricultural lending represents two percent, and all other loan types represent the remaining 12 percent. The report notes the increased growth has “come primarily from more robust C&I and CRE lending.

St. Louis 150

St. Louis Lending Community Bank Regional 150

CFPB Monitor

JULY 1, 2015

A recent American Banker article written by officials of three community groups urges President Obama to publicly denounce Director Cordray for failing to issue regulations implementing the small business lending data requirements of Dodd-Frank Section 1071. Large banks in particular have a lot of room for improvement.”

Community 60

Community Lending Groups Data 60

CFPB Monitor

FEBRUARY 10, 2020

He will also teach a course on consumer finance regulation at Georgetown’s McCourt School of Public Policy and at Harvard Law School in the next academic year.

Policies 78

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PYMNTS

APRIL 25, 2016

Visa is determined to make EMV faster, Starbucks wants to make getting that cuppa joe faster, too, and is crushing it with mobile order ahead and the CFPB might be moving closer to having a fast exodus of the payday lending business once its rules drop. The CFPB’s Latest Round Of Payday Lending Complaints. EMV’s Second Phase.

Lending 100

Lending Mobile Cards Fraud 100

CFPB Monitor

JUNE 18, 2019

The agreement represents the second fair lending settlement entered into by the Republican-led DOJ under the Trump administration. (The From 2011 to 2017, the bank was alleged to have avoided providing mortgage credit to individuals in these areas. Maintaining a fair lending monitoring program.

Indianapolis 120

Indianapolis Lending Indiana Community 120

PYMNTS

DECEMBER 8, 2020

The California-based digital lending upstart, which was founded in 2011, was valued at $4.8 Report: Digital Lender SoFi Eyes IPO via SPAC. Social Finance (SoFi) is reportedly having discussions about selling to a special purpose acquisition company (SPAC). JPMorgan Chase Adds Voice to Stimulus Debate.

Retail 171

Retail Digital Banking California Operations 171

Gonzobanker

JULY 7, 2014

The commercial lending environment at most banks has evolved to a point somewhere between the Dark Ages and Henry Ford’s Model T. Hey bankers – isn’t commercial lending your greatest revenue producing engine? Custom Credit Systems and SunGard formed a marketing alliance late 2011. But all is not lost. VENDOR CONSIDERATIONS.

Lending 85

Lending System Policies Tools 85

PYMNTS

NOVEMBER 12, 2019

As part of its expansion, MarketFinance has also begun targeting larger corporates with the introduction of corporate lending, which provides businesses with up to £5 million in structured financing facilities that can combine invoice financing and business loans.

Lending 101

Lending Resources Strategy Fintech 101

PYMNTS

JULY 11, 2019

The tie-up with the bank is said to let Go-Jek bring SCB’s products in payments, insurance and digital lending to its apps in the months to come. It was also noted that customers, merchants and drivers will have additional access to bank products such as small business lending as well as insurance.

Lending 100

Lending Financial Technology Online Community 100

PYMNTS

DECEMBER 11, 2017

Researchers said about 72 percent of market volume in 2016 can be traced back to demand for lending options among startups and small businesses, up from 50 percent the year before. Peer-to-peer businesses lending was 2016’s largest alternative finance market segment, which saw 36 percent year-over-year growth.

Lending 109

Lending Survey Marketing Regulation 109

CFPB Monitor

OCTOBER 14, 2021

Martinez joined the Bureau in 2011 to help lead the implementation team and has since served as Senior Advisor for Supervision, Enforcement and Fair Lending, Associate Director for External Affairs, and Assistant Director for the Office of Community Affairs.

Leadership 78

Leadership Policies Lending Community 78

PYMNTS

JUNE 18, 2018

Biz2Credit’s latest Small Business Lending Index found that loan approval rates at alternative lenders stagnated – and at credit unions, they actually fell. Thirty percent of small business loan applications at big banks got approved in May, according to Biz2Credit’s latest Small Business Lending Index.

Lending 112

Lending Community Bank Regional Community 112

Jeff For Banks

AUGUST 14, 2022

The FDIC's quarterly Supervisory Insights for Summer 2011 had a list! Imagine the community bank that is experienced in lending to fuel oil businesses in or near its markets because it's comfortable using trucks, tanks, and oil inventory as collateral. Let bankers determine if lending to this industry or that is risky.

Operations 78

Operations Lending FDIC Industry 78

Abrigo

JUNE 17, 2015

Like other types of lending, banks must remain cautious to avoid too heavy of an agricultural concentration or too much lending within a certain ag segment. The challenge is that market conditions in this type of lending tend to be volatile. Without diversification, risks will be expounded.

How To 150

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Tech and Finance

MAY 18, 2019

In addition to continued payday and vehicle title lending, installment lenders, banks, credit unions and financial technology firms have said that they are also ready and willing to extend access to credit under the 2017 final rule, and they are likely to expand their small-dollar lending —something the Bureau failed to address.”

Lending 31

Lending Financial Technology Cards Technology 31

PYMNTS

JUNE 29, 2016

” The bank said the charge relates to asset finance loans underwritten that did not meet Shawbrook’s lending criteria. In other words, the bank had been lending out what some reports described as “dodgy” loans. having launched in 2011 as the industry and regulators look to increase competition in the sector.

Lending 100

Lending Risk Management Meeting National 100

PYMNTS

JANUARY 7, 2021

Today, SoFi’s suite of products includes 11 different offerings including a no-fee bank and savings account, debit and credit cards, student loans, mortgages, investments, auto/life/homeowners/renters insurance, as well as lending and planning services for small businesses. The Path Of The Neobank Supermarket.

Capital 150

Capital Los Angeles Boston Lending 150

Jeff For Banks

APRIL 6, 2021

The period analyzed was immediately prior to the commencement of CFPB oversight in 2011, and afterward. The second, and presumably more actionable unintended consequence: Banks subject to CFPB oversight decreased FHA lending and replaced that activity with jumbo mortgage lending. Let that sink in a bit.

Regulation 78

Regulation Philadelphia Study Lending 78

PYMNTS

MAY 29, 2019

Over the last year, we’ve worked aggressively to grow SoFi from a desktop lending business to a broad-based, mobile-first financial platform enabling members to borrow, save, spend, invest and protect their money,” said Anthony Noto, CEO of SoFi. billion in 2018, up from under $1 billion in 2013. percent annual percentage yield.

San Francisco 116

San Francisco Capital Millennials cryptocurrency 116

PYMNTS

DECEMBER 5, 2016

As reported in the Wall Street Journal , the housing lending market has become a bifurcated one, with credit costs low in a phenomenally low interest rate environment. But banks are tightening the reins on risks they will take, which translates into lending reticence. If the American dream is buying real estate, the U.S.

St. Louis 100

St. Louis Lending United States Marketing 100

PYMNTS

JANUARY 2, 2020

Southeast Asia’s digital lending market is anticipated to top $110 billion by 2025 — over four times what it is worth now. The earnings growth is the highest since the Paychex/IHS Markit Small Business Employment Watch report launched in 2011. Indonesia Likely To Implement Flat Rates For Digital Wallet Payments. percent year over year.

Fintech 133

Fintech Payments Digital Banking America 133