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.”. Lending Club’s model does not need bank branches on each street corner, and it can turn around in minutes and hours, not days. “I So what went so right for LendingClub two years ago today at its IPO — and then so wrong?

Lending 100

Lending Compliance Capital Marketing 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

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. The rules were rescinded in 2017, leading to this guidance.

FDIC 100

FDIC Lending Regulation Study 100

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

JULY 13, 2018

trillion, and competition is rising as regulators slowly ease restrictions on banks’ corporate lending practices. Bloomberg said less-regulated regulators saw sharp increases in their share of new U.S. leveraged loans underwritten between 2013 and 2017 as a result of the regulations.

Marketing 100

Marketing Regulation Dallas Retail 100

PYMNTS

JUNE 10, 2016

As a general rule, most startups aren’t too happy when the regulator comes around, and it is rarely indicative of good news. And while that is bad news for a startup like Uber, as it turns out, instinctive fear of the regulator is not an endemic condition among startups.

Regulation 100

Regulation National Austin Fintech 100

Abrigo

FEBRUARY 23, 2023

According to the Federal Reserve Bank of Kansas City , community banks’ deposit market share dropped to 15% in 2022 from 22% in 2013. The best lending software for small banks, for example, is flexible enough that it can be customer-facing for only those product types the bank chooses. People have other options,” Kirby said.

Community Bank 195

Community Bank Kansas City Community Lending 195

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. Broken down a bit, business lending was most prevalent in countries such as Singapore, the Netherlands and Japan.

Fintech 172

Fintech Lending United States Regulation 172

Jack Henry

JUNE 3, 2015

According to the Commercial Finance Association’s annual survey, asset based lending (excluding factoring) commitments rose to $216 billion by the end of 2014, with funded balances reaching $90 billion. increase in funded balances from 2013. This represents a 12.3% Overall credit line utilization rose 41% for the year.

Lending 60

Lending Capital Survey Trends 60

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

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 110

Lending Retail Groups Maine 110

PYMNTS

JUNE 21, 2019

Chinese P2P lending company Dianrong, which offers lending solutions and investment products, has completed its latest funding round, according to reports. The company is known as the “lending club of China.” The company has raised $549 million over seven funding rounds since the end of 2013.

Lending 100

Lending Capital Maine Groups 100

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

DECEMBER 9, 2020

Developing a quick, seamless and secure onboarding process for financial institutions (FIs), lending startups and other financial services providers has long posed its trials. Such entities in India were granted relief on Jan. Capital Float had provided 500,000 clients with $1.2

Video 175

Video Capital Lending Security 175

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. Lending & Credit Risk. ALM seen as checking the box. Asset/Liability. Learn More. Asset/Liability.

Management 150

Management FDIC Community Risk Management 150

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

CFPB Monitor

JANUARY 21, 2022

In 2013, the CFPB issued a “larger participant rule” that allows it to supervise any nonbank servicer of federal or private student loans if the servicer’s account volume, as defined by the rule, exceeds one million accounts. The Dodd-Frank Act gave the CFPB supervisory authority over entities that originate private education loans.

Lending 78

Lending Regulation Policies Operations 78

Abrigo

JANUARY 13, 2015

Target’s late 2013 breach is among the largest in recent memory, affecting over 70 million individuals. She also mentioned that the NCUA’s intention is not to over regulate, but rather to figure out how to enhance levels of protection. Mark McWatters , NCUA Board Member. Blog Bank Credit Union'

Lending 150

Lending Regulation Data How To 150

CFPB Monitor

JULY 29, 2022

The action is notable in that it is the first time the FTC has brought an action under the Military Lending Act (“MLA”). State regulators may also supervise MLA requirements pursuant to state law). a)(2)), it is rare to see a claim that an alleged violation of TILA constitutes a MLA violation.

National 78

National Retail Regulation New York 78

PYMNTS

NOVEMBER 20, 2018

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. Auto lending saw its sub-prime loans delinquency rate improve by 15 basis points, from 6.9 In fact, that lowering delinquency story was also one that occurred across segments.

Lending 188

Lending Trends Cards Capital 188

PYMNTS

DECEMBER 8, 2017

The Consumer Financial Protection Bureau’s new interim head, Mick Mulvaney , is looking at Wells Fargo’s case to see if it should be on the hook for tens of millions of dollars over mortgage lending abuse, reported Reuters. In November, the Bureau accepted an internal review from Wells Fargo and set settlement terms.

Lending 108

Lending Regulation Report Company 108

PYMNTS

AUGUST 18, 2016

But when the CFPB went to court shortly after (this was in 2013) – it turned out that both of those applicants were mystery borrowers who were working for the agency to test for bias. The black applicant had a higher stated income and credit score than the white applicant. The white applicant got a lager loan for more favorable terms.

Lending 100

Lending Alabama Security Marketing 100

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

Independent Banker

FEBRUARY 28, 2023

Derek Williams and fellow Georgia community bankers at the 2013 ICBA Washington Policy Summit, now the Capital Summit. where he stayed for 15 years, from 1998 to 2013. We lost 90-plus banks to failure in between 2008 and 2013. He achieved it at 34 years old at First Peoples Bank in Pine Mountain, Ga.,

Community 172

Community Community Bank Georgia San Antonio 172

CFPB Monitor

NOVEMBER 7, 2016

for alleged violations of the Truth in Lending Act and the Consumer Financial Protection Act in connection with closed-end consumer loans made by the company. For example, Regulation Z requires the term “APR” to be described as “the cost of your credit as a yearly rate.”). ”). (For

Virginia 83

Virginia Regulation Lending Examples 83

Independent Banker

OCTOBER 31, 2021

October 2013. December 2013. Regulators implement ICBA-supported three-year transition. Curt Allison, The Fountain Trust Company’s chief lending officer, says his bank’s software program has been collecting data since Dec. April 2011. ICBA tells FASB CECL isn’t feasible for community banks. December 2011. February 2016.

Community Bank 91

Community Bank Community Software New York City 91

Abrigo

JULY 9, 2015

The report, based on data through the end of 2014, discusses risks facing national banks and federal savings associations, and focuses on issues that pose threats to the safety and soundness of those OCC-regulated institutions. For example, net income declined 4 percent year over year. percent loan growth during the same period.

Maine 150

Maine Policies Survey Lending 150

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

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

CFPB Monitor

OCTOBER 27, 2020

On October 25, a Massachusetts federal district court entered a preliminary injunction staying and postponing the effective date of the final rule issued by HUD last month (“2020 Rule”) revising its 2013 Fair Housing Act disparate impact standards (“2013 Rule”).

Massachusetts 78

Massachusetts Policies Community Connecticut 78

PYMNTS

SEPTEMBER 11, 2019

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. Last week, money transfer company B2B Pay said it plans to become a regulated financial institution and is raising money to pursue licensure.

Digital Banking 160

Digital Banking Millennials Mobile Regulation 160

PYMNTS

MARCH 15, 2019

The move, which is seen as a setback for Maduro ’s government, makes the IADB the first financial lender to recognize Guaido, and would allow for the freeing up of development lending if and when Maduro leaves. Maduro took over as president of Venezuela in 2013 and was re-elected in 2018 in an election that is widely viewed as fraudulent.

America 108

America Lending Community Meeting 108

PYMNTS

OCTOBER 13, 2016

Kabbage is a data and technology platform that enables real-time lending. which was added in 2013. “We The goal of all that money is, of course, to lend to small business owners. In a highly regulated sector, regulations are ever-evolving, which can implicate, limit and change relationships.

Regulation 100

Regulation Lending US FDIC 100

PYMNTS

APRIL 7, 2016

The concept of breaking up the bank was shot down both in 2013 and 2015. The breakup plans proposed would entail JPMC splitting the bank into at least two companies — which would break apart consumer lending from the investment/trading side. “We In 2014, the proposal was removed before it got to the voting stage.

Washington 100

Washington Regulation Leadership Community Bank 100

CFPB Monitor

SEPTEMBER 13, 2018

57, disapproving of the CFPB’s Bulletin 2013-2 regarding “Indirect Auto Lending and Compliance with the Equal Credit Opportunity Act.” They assert that action by the CFPB in derogation of those regulations would violate the Administrative Procedure Act.

Rhode Island 60

Rhode Island District of Columbia North Carolina Vermont 60

CFPB Monitor

NOVEMBER 19, 2018

In June 2014, the national trade association for the payday lending industry and several payday lenders initiated a lawsuit in D.C. Initiated in 2012, Operation Choke Point targeted banks serving online payday lenders and other companies that have raised regulatory or “reputational” concerns.

FDIC 68

FDIC Operations Policies Regulation 68

CFPB Monitor

APRIL 26, 2022

Although the CFPB adopted a final rule in July 2013 (12 C.F.R. A risk-based determination is to be made through the CFPB’s issuance of an order after providing notice to the nonbank and a reasonable opportunity for it to respond.

New Jersey 146

New Jersey Maryland Pennsylvania Virginia 146