Jeff For Banks

MAY 20, 2017

And regulators are getting anxious. Today, I read an American Banker article on how a multi-billion dollar bank is going to ramp up its business lending. Reading between the lines, this bank is likely over the CRE guidance levels, and were probably getting grief from their regulators about it. Anxiety, anxiety, anxiety.

Lending 60

Lending Regulation Community Community Bank 60

PYMNTS

DECEMBER 10, 2016

Two years ago today, Lending Club was ringing the bell on an IPO that one early investor called “a no-brainer.”. The consumer credit market has huge potential — trillions and trillions of dollars — and I wanted to ride that winner. And disrupt Lending Club did, with its marketplace lending model, scores of imitators in the U.S.

Lending 100

Lending Compliance Capital Marketing 100

PYMNTS

MAY 24, 2018

The guidance did not change any regulation, but clarified the regulator’s stance on the loans, Reuters reported. In 2013, the OCC had discouraged short-term lending by banks with limitations on what could be offered to customers depending on their credit. In any market, robust competition is a win for consumers.

FDIC 100

FDIC Lending Regulation Study 100

CFPB Monitor

FEBRUARY 10, 2022

Zywicki and Miller have co-authored a soon-to-be published study, “The Effects on Consumers from Two State-Level Regulations of the Payday Loan Market,” in which they analyzed 15.6 million unique borrowers in 2013 to determine whether the number of loans a consumer takes in a year is a meaningful assessment of consumer welfare.

Mississippi 60

Mississippi Regulation Study Analysis 60

PYMNTS

OCTOBER 11, 2017

Last week, after five years of debates, discussions, arguments and waiting, the Consumer Financial Protection Bureau’s (CFPB) final rules for payday lending dropped. No one will argue the point that regulation is not necessary or that abuses don’t happen. All the Reactions Expected (from the People You Expected to Have Them).

Lending 109

Lending Regulation Guidelines FDIC 109

PYMNTS

SEPTEMBER 18, 2017

The credit bureaus were included in the CFPB’s scope of oversight in 2012, and she’s asked the agency to let her know what additional power it might need to better regulate the credit reporting agencies going forward. There aren’t many markets where consumers actually have little to no other choice, but this is one of them.

Report 202

Report Regulation Data Retail 202

Abrigo

DECEMBER 1, 2021

This article is substantially updated from a 2013 blog post. Banks are required by regulators to have formal risk rating policies in place to determine how ratings are assigned. Lending & Credit Risk. Lending & Credit Risk. Lending & Credit Risk. Lending & Credit Risk. Credit Risk Management.

Risk Management 195

Risk Management Lending Policies Management 195

PYMNTS

DECEMBER 19, 2018

The bond market, on the other hand, isn’t the most likely of places for an entrepreneur to seek financing. Typically seen as a low-risk, low-rewards instrument reserved for middle-market and large enterprises, corporate bonds offer the opportunity for businesses to remain private while raising money and diversifying debt.

Marketing 134

Marketing Capital Security Trends 134

PYMNTS

SEPTEMBER 25, 2018

When it comes to FinTech firms and lending, might it be that what we don’t know could hurt us? Beyond that, volume has exploded, with $284 billion extended in 2016 compared to $11 billion in 2013. China was the largest market, yet volume has declined in recent periods.

Fintech 172

Fintech Lending United States Regulation 172

BankUnderground

NOVEMBER 27, 2020

In a recent paper , we shed new light on the consequences of this type of regulation by examining the recent UK ‘ring-fencing’ legislation. Our results indicate that ring-fencing encourages UK banks subject to the reform to rebalance their activities towards retail lending and away from capital markets.

Lending 109

Lending Retail Groups Maine 109

CFPB Monitor

JANUARY 30, 2020

Bernard will serve as Assistant Director for Regulations in the Research, Markets and Regulation Division. Before joining the Bureau, she served as the Director of the Office of Regulations and Policy in the Center for Food Safety and Applied Nutrition at the U.S. Food and Drug Administration. Department of Justice.

Regulation 78

Regulation Policies Lending Community 78

CFPB Monitor

OCTOBER 14, 2015

A new article by Todd Zywicki for the Mercatus Center at George Mason University urges the CFPB to consider the “unintended consequences” of new debt collection regulations and conduct a careful cost-benefit analysis before imposing such regulations. Each of these steps requires careful analysis.”

Regulation 60

Regulation Analysis System Lending 60

PYMNTS

SEPTEMBER 4, 2018

payday lending startup Wonga has come to the end of the road, having filed for administration (similar in concept to bankruptcy in the U.S.) According to the Financial Times , complaints against Wonga’s lending practices, logged with regulators, were up 80 percent since that emergency injection. A Long Walk. for that loan.

Lending 100

Lending Regulation Capital Report 100

PYMNTS

NOVEMBER 20, 2018

In 2016, the market experienced a pullback as lenders slowed or stalled sub-prime originations,” Komos said. In some areas, the growth in sub-prime lending matches overall growth in the segment, with credit cards and personal loans as the best example. It shows the resiliency of the market.”. It never happened.

Lending 188

Lending Trends Cards Capital 188

Abrigo

NOVEMBER 11, 2019

Obviously, protecting financial institutions against the impact to capital and earnings of rising interest rates has been the particular focus of regulators for more than a decade. FDIC FIL-46-2013 October 8, 2013. It actually has fallen since April as the market anticipated three cuts to the Fed’s target fed funds rate.

Management 150

Management FDIC Community Risk Management 150

PYMNTS

JANUARY 3, 2017

He cites a 2013 move by the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency to tighten rules on banks offering small-dollar loans known as deposit advances — a ruling that was intended to protect consumers, but that actually cut off their access to emergency funds.

Regulation 104

Regulation North Carolina San Francisco Portland 104

CFPB Monitor

JULY 29, 2022

and related entities (collectively, “Harris Jewelry”), a national jewelry retailer that markets and sells military-themed gifts, to resolve their lawsuit which alleged that Harris Jewelry had engaged in unlawful sales and credit practices targeting servicemembers. State regulators may also supervise MLA requirements pursuant to state law).

National 78

National Retail Regulation New York 78

BankUnderground

JANUARY 27, 2021

One key message stands out: banks that are more rooted in their market are much more likely to continue lending when faced with the economic fallout from such shock. Banks with access to central bank liquidity continued or even expanded their lending. A pandemic or natural disaster can impact lending in several ways.

Lending 70

Lending Study Marketing Capital 70

PYMNTS

DECEMBER 11, 2019

That waiver has been periodically expanded and renewed every few years, most recently in 2013, when it received a permit to impose its greenhouse gas and create its zero-emission vehicle program. They not only work, many other states around the country have chosen to adopt them,” California Attorney General Xavier Becerra said in a statement.

California 131

California District of Columbia Lending Taxes 131

Jeff For Banks

FEBRUARY 3, 2017

His election has already brought change to the financial markets, sending stocks rising 6%, as measured on the S&P 500 index, and sending interest rates to their highest levels in years. Clearly, the markets expect change. The markets must think that GDP growth will soar on January 21 st.

Marketing 60

Marketing Taxes Regulation US 60

PYMNTS

AUGUST 18, 2016

Because progress exists, these days redlining is not nearly so prominent a feature of the market place – largely because it is very illegal, and the penalties for being caught in the act are quite steep. The black applicant had a higher stated income and credit score than the white applicant.

Lending 100

Lending Alabama Security Marketing 100

CFPB Monitor

MARCH 23, 2017

Dovetailing with President Trump’s recent Executive Order requiring a reduction in regulatory burden, on March 21, 2017, a CFPB official remarked at the American Bankers Association Government Relations Summit that the CFPB was planning to start its review of significant mortgage regulations, including the ability to repay/qualified mortgage rule.

Regulation 97

Regulation Lending Meeting Industry 97

CFPB Monitor

APRIL 26, 2022

Although the CFPB adopted a final rule in July 2013 (12 C.F.R. He stated that “[t]his authority gives us critical agility to move as quickly as the market, allowing us to conduct examinations of financial companies posing risks to consumers and stop harm before it spreads.”

New Jersey 146

New Jersey Maryland Pennsylvania Virginia 146

PYMNTS

APRIL 30, 2018

Marketplace lending. The blockchain can even end world poverty and transform society by making it safer for total strangers to lend each other money — without any third-party intermediary — and without any risk. Marketplace Lending. Blockchain. Digital banks. Blockchain. Take the blockchain. And to learn.

Fintech 183

Fintech blockchain Lending Digital Banking 183

PYMNTS

SEPTEMBER 11, 2019

As spotlighted in the Digital Banking Tracker , the global digital banking market is slated to grow by 16 percent, compounded annually. One of the first neobanks in the region, Nubank , traces its genesis back to 2013, having raised hundreds of millions of dollars to expand across several financing rounds. Circling back to the U.K.,

Digital Banking 160

Digital Banking Millennials Mobile Regulation 160

PYMNTS

MARCH 27, 2018

Debt collectors have been the second-leading major generator of consumer complaints since the Consumer Financial Protection Bureau (CFPB) added them as an area that consumers could log complaints against in June 2013. percent related to prepaid cards and 2 percent to payday lending. The Changing Financial Landscape.

Cards 120

Cards Regulation United States Leadership 120

PYMNTS

OCTOBER 1, 2018

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. lending marketplace. Attorney Alex Tse. “We The Response.

Lending 135

Lending Fraud Management San Francisco 135

Jeff For Banks

MARCH 29, 2014

It is annual report season, meaning publicly traded financial institutions are finalizing their 2013 numbers and submitting their 10k''s to the Securities and Exchange Commission (SEC). Lending services include commercial loans to small to medium-sized businesses and professional concerns as well as consumers.

Strategy 100

Strategy Texas San Antonio Fort Worth 100

PYMNTS

JUNE 17, 2016

A few days later, one of the founding fathers of FinTech, Renaud Laplanche , was forced out of Lending Club, the peer-to-peer lender he founded in 2006, following scandals over loan disclosures and conflicts of interest. The really interesting, though less juicy, story is what got Lending Club into trouble.

Bitcoin 100

Bitcoin Lending blockchain Fintech 100

CFPB Monitor

MAY 13, 2021

The general factual allegations include the following: The Respondents marketed and sold illegal or unfair mortgage modification services to financially distressed California homeowners, targeted Hispanic borrowers for financial assistance, and most of the THL clients were Hispanic.

Company 78

Company Exercises California National 78

BankUnderground

JULY 29, 2020

For central banks whose policy rates are already close to zero, Lilley and Rogoff (2020) have recently restated their case for negative policy rates when markets no longer believe that QE is sufficient to maintain inflation at target. Fiscal Policy. A small recent literature studies interactions between fiscal policy and interest rate policy.

Policies 106

Policies Lending System Tools 106

CFPB Monitor

JULY 29, 2019

The general QM loan under the rule is based on a strict debt-to-income (DTI) ratio limit of 43%, and there is guidance in Appendix Q to Regulation Z regarding the calculation and verification of debt and income that is based on standards for Federal Housing Administration (FHA) loans. CFPB Off-Base Prediction of Market Behavior.

Compliance 60

Compliance Marketing Regulation Meeting 60

CFPB Monitor

MAY 23, 2016

The Spring 2016 agenda also does not reflect the CFPB’s announcement that it will hold a field hearing on small dollar lending in Kansas City, Missouri on June 2, 2016. The CFPB issued a June 2013 white paper and a July 2014 report on checking account overdraft services. Small business lending data. Overdrafts.

Kansas City 84

Kansas City Lending Missouri Kansas 84

CFPB Monitor

DECEMBER 1, 2016

In November 2013, the CFPB issued an Advance Notice of Proposed Rulemaking concerning debt collection. The CFPB issued a June 2013 white paper and a July 2014 report on checking account overdraft services. Small business lending data. The Fall 2016 agenda does not give an estimated date for a final rule. Debt collection.

Regulation 60

Regulation Lending Data Report 60

CFPB Monitor

JUNE 3, 2016

” In other words, “the Bureau is seeking information about certain consumer lending practices to increase the Bureau’s understanding of whether there is a need and basis for potential future efforts, including but not limited to future rulemakings, supervisory examinations, or enforcement investigations.”

Report 60

Report Lending Kansas City Kansas 60

CB Insights

OCTOBER 4, 2018

As the financial affiliate of Chinese e-commerce giant Alibaba Group , Ant Financial encapsulates a fintech ecosystem that starts with its dominant mobile payments service, Alipay, and expands into credit scoring, wealth management, insurance, and lending. It considers tech services to be an enormous market opportunity. Credit scoring.

US 78

US Fintech Mobile Regulation 78

Independent Banker

MAY 24, 2016

million farms and the community banks that lend to them each growing season, Scanlan points out. Falling crop prices—exaggerated by weak currencies in many foreign markets—are expected to pressure U.S. The Federal Reserve Bank noted that increases in short-term lending “have occurred amid a significant decline in income.”

Community Bank 70

Community Bank Kansas City Community Iowa 70