CFPB Monitor

OCTOBER 26, 2021

The Biden Administration’s prioritization of fair lending as a law enforcement focus took center stage last week with the announcement that the U.S. Attorneys’ Offices “as force multipliers to ensure that fair lending enforcement is informed by local expertise on housing markets and the credit needs of local communities of color.”.

Mississippi 78

Mississippi Memphis National Tennessee 78

PYMNTS

JUNE 17, 2019

The dispute over the Office of the Comptroller of the Currency ‘s (OCC’s) national bank charter, which became available to FinTech firms last year, has reportedly caused technology conglomerates to shy away from a tool that aims to provide nonbank firms with a more streamlined way to operate on a national level.

Google 142

Google National Fintech Regulation 142

PYMNTS

JANUARY 29, 2018

In fact, according to the SBA’s latest report , corporate finance has largely bounced back in the nation — but small businesses aren’t seeing much of that recovery. There’s been a big rebound in lending to big businesses, but there’s been a very small recovery in lending to small businesses,” said Rebel Cole, Ph.D.,

Lending 116

Lending Florida Report Community Bank 116

PYMNTS

FEBRUARY 13, 2019

According to The Wall Street Journal ( WSJ ), the Federal Reserve revealed that the average merger review time — with opposition from community groups — fell to 3.8 months in 2016. Another issue is that community input doesn’t seem to carry much weight anymore. months in the first half of 2018 from 5.6

Community 148

Community Groups Policies Regulation 148

Independent Banker

DECEMBER 13, 2015

New Military Lending Act regulations kick in next fall. Following a three-year study on predatory lending, the U.S. Department of Defense has now issued the final rule to implement the Military Lending Act. armed forces or servicemembers on active National Guard or Reserve duty, their spouses and their card-carrying dependents.

Lending 70

Lending Compliance Regulation Virginia 70

Independent Banker

JULY 31, 2022

Observing the gap in pandemic relief in south Florida due to a lack of local community banks, a trio of banking veterans teamed up to form a digital-first community bank—and were granted a charter in record time to support local businesses. from 2016 until its sale in 2018. By Katie Kuehner-Hebert. Name: Locality Bank.

Florida 91

Florida Community Bank Community FDIC 91

PYMNTS

FEBRUARY 19, 2019

The average merger review time at the Office of the Comptroller of the Currency (OCC) declined between 2016 and 2018, too, reports in The Wall Street Journal said. ” Other critics have raised the issue that the OCC is advising examiners to take community group concerns into consideration separately from their M&A approval processes.

Marketing 108

Marketing Community Community Bank Industry 108

PYMNTS

APRIL 30, 2018

National Small Business Week is this week in the U.S., and finance experts are celebrating with new data on the state of the entrepreneurial community. But analysts from Bank of America, Square, Navcom and the National Association for the Self-Employed warn that challenges for some SMBs have reached new heights, too.

Taxes 144

Taxes America National Community 144

PYMNTS

OCTOBER 1, 2018

What does small business (SMB) lending look like? seems to be kicking off, showing evidence of surpassing traditional bank lending at many times. In Mexico, small business lending is muted across the board. In Mexico, small business lending is muted across the board. For example, alternative finance in the U.K.

Lending 115

Lending Survey Data National 115

PYMNTS

JULY 18, 2016

And while reality has offered many fine examples to back up the expression in the 193 years since it was first coined, 2016 might just end up being the year that truth, finally and comprehensively, beats fiction’s ability to top it. Lending Club’s Latest Bad News. This week was no different. Need to know more?

Lending 100

Lending Payments Metro Cards 100

CFPB Monitor

SEPTEMBER 19, 2016

In a new blog post , the CFPB states that recent research “underscores the disproportionate impact of student debt on communities of color.” Culhane, Jr. The NCLC lists various types of “borrower outcome data” it wants the ED to track, analyze by race, and report (e.g.,

Community 60

Community National Data Mobile 60

CFPB Monitor

MARCH 30, 2020

This section further extends to the National Credit Union Administration (NCUA) the authority to increase to unlimited the share insurance coverage it provides on any noninterest-bearing transaction accounts to federally insured credit unions. Section 4011 – Temporary Lending Limit Waiver.

Regulation 122

Regulation United States Community Bank National 122

PYMNTS

DECEMBER 5, 2018

India saw a busy year in B2B FinTech as the small business (SMB) community continued to demand enhanced financial services. The nation continues to push against cash in favor of digital payments, while both the government and private sector continue to fuel FinTech innovation.

Innovation 171

Innovation Survey Operations Community 171

PYMNTS

JUNE 24, 2016

Online lending . But on the upside, with the various scandals, higher than expected default rates, and a loss of stock market investor confidence that neatly mirrors the diminishing confidence of platform investors, the various online lenders of the nation have likely gotten good at bracing themselves. A pretty clear-cut sizzle.

Lending 101

Lending Online South Dakota North Dakota 101

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

Independent Banker

JULY 29, 2016

The demand for professional development opportunities for community bankers has never been greater. Last year Community Banker University’s eight certification programs provided more than 4,000 community bankers with highly tailored training.

Minneapolis 70

Minneapolis Community Bank Community San Antonio 70

PYMNTS

MAY 9, 2016

The firm published its 2016 Small Business Fraud Report , emphasizing the risks that small businesses face in back-office fraud. 69% of small business owners are optimistic about the year ahead , found Chase for Business in its 2016 Business Leaders Outlook report. Dive into the data below to make up your own mind. .

America 100

America National Capital Survey 100

Independent Banker

APRIL 28, 2016

I have served on the audit committee (yes—we are thoroughly audited) for the past three years and will be serving on the budget committee in 2016. Finally, I focus on economic news in our markets, which include five communities south of Houston. Our lending strongly supports our tourist economy.

Dallas 131

Dallas Texas Houston Community 131

Independent Banker

JANUARY 28, 2016

Anticipating safety and soundness exam issues in 2016. As in past years, community bankers will have a dynamic regulatory environment to contend with in 2016. Safety and soundness concerns will remain a prominent driver of that supervisory dynamic for community banks. What should community banks anticipate here?

Community Bank 70

Community Bank Community Regulation Lending 70

Independent Banker

FEBRUARY 25, 2015

Coping just fine, community banks in energy-producing regions manage the oil-price plunge. Yet community bankers serving the oil industry say they’ve been expecting a drop in the notoriously cyclical price of crude. billion-asset community bank based in Happy, Texas. By Howard Schneider. Pat Hickman, Happy State Bank.

North Dakota 70

North Dakota Texas Louisiana Community Bank 70

PYMNTS

SEPTEMBER 4, 2019

The program launched toward the end of 2016 , but so far only 1,700 businesses have been referred to alternative providers of capital under the program, reports noted. The Times reported this week that fewer than 800 businesses were referred to an alternative lender under the scheme, leading to just $19.36 A total of $38.7 A total of $38.7

Data 109

Data Operations Community National 109

Gonzobanker

DECEMBER 22, 2020

And how did community banks and credit unions respond to the COVID craziness? Financial institutions went from having no PPP lending program at all to funding their first loan in 90 days – and this with literally last-minute regulatory guidance. Jill is continually demonstrating just how loud a $300 million community bank can roar!

Idaho 172

Idaho Community Industry Strategy 172

CFPB Monitor

AUGUST 22, 2016

The CFPB has announced the appointment of new members to its Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council, and Academic Research Council. In January 2016, the CFPB published a notice in the Federal Register soliciting applications from individuals interested in becoming members.

San Antonio 60

San Antonio Kansas City Groups CA 60

PYMNTS

JULY 8, 2016

The Asia-Pacific region undoubtedly led the way, with India securing the largest investment of the week (alternative SME lending) and other deals reaching Australia and China in the logistics, cross-border payments and SaaS segments. ” Alternative Lending. Check out our breakdown of all the deals below.

Capital 101

Capital Lending Industry Management 101

CFPB Monitor

FEBRUARY 14, 2019

” In December 2018, the CFPB issued proposed revisions to its 2016 final policy on issuing “no-action” letters (NAL), together with a proposal to create a new “product sandbox.” NAL Policy and New “Product Sandbox.” The comment period on the proposals ended earlier this week.

Policies 68

Policies Groups Fintech Lending 68

PYMNTS

JULY 26, 2017

The federal banking system is, and should be, a source of strength for the nation and its economy. When it is running well, it powers tremendous growth and economic prosperity for consumers, businesses and communities across the country,” said Keith A. Shifts in Lending Practices.

Compliance 115

Compliance System Fintech Report 115

PYMNTS

AUGUST 14, 2017

The combined entity, using annual data at the end of 2016, will be processing at least $1.5 The effects have been felt keenly by community banks and regional banks, said the attorney, and expenses have been onerous, even though those smaller outfits did not engage in the same risky lending and trading activities that larger firms embraced.

Fintech 100

Fintech Regulation United States Lending 100

Filene

JANUARY 20, 2017

Credit unions exist to serve the needs of their community of members who collectively own, oversee and guide the business. Credit unions are there for their communities when others are not. It is with that mission and principle at heart that 13 credit unions are participating in our Non-Citizen Lending Program.

El Paso 28

El Paso Community Lending Seattle 28

CFPB Monitor

JULY 30, 2020

On July 28, 2020, the CFPB issued a request for information (“RFI”) seeking public input on how best to create a regulatory environment that expands access to credit and ensures consumers and communities are protected from discrimination in all aspects of credit transactions. How to facilitate greater usage of special purpose credit programs.

Regulation 78

Regulation Lending Industry Innovation 78

CFPB Monitor

OCTOBER 30, 2018

Supreme Court’s 2015 Inclusive Communities decision. The Rule is the subject of a lawsuit originally filed in June 2013 by the American Insurance Association and National Association of Mutual Insurance Companies in the D.C. Comments on the ANPR were due by August 20, 2018. federal district court.

Community 68

Community Groups Compliance National 68

PYMNTS

JULY 20, 2016

Brazil is getting a lot of press time these days, but that isn’t too terribly surprising since the 2016 Olympics are gearing up to kick off in in about two weeks. But innovation watchers have been watching Rio and Brazil in general for some time as the nation increasingly becomes an incubator nation for FinTech development and talent.

New Jersey 100

New Jersey National Trends Community Bank 100

Tech and Finance

SEPTEMBER 22, 2016

The current issue of Fortune (September 15, 2016) has a list of the fastest growing companies in the world, and 28 are banks and other financial institutions. Many of the banks are laser-focused on a small community for both deposits from, and lending to, locals firms and individuals.

Los Angeles 28

Los Angeles New York California National 28

Jeff For Banks

DECEMBER 29, 2021

I also filtered for anomalies such as recent merger announcements as a seller, turnaround situations (losses suffered from 2016 forward), mutual-to-stock conversions, stock dividends/splits without price adjustments, and penny stocks. years starting full-year 2016 ending LTM 9/30/21). billion, or 31.4x It's Price/LTM EPS is 57x.

Capital 78

Capital Texas Metro North Carolina 78

PYMNTS

SEPTEMBER 12, 2016

We want to lend our voice and the support of the ModCloth community to this movement to stop the extreme and harmful photoshopping of women in advertisements.”. Ileana Ros-Lehtinen (R-FL) to discuss the importance of the movement. “It It demonstrates to young women that measurements are a fact, not a judgment.

social media 100

social media San Francisco Retail Branding 100

Filene

JULY 18, 2018

is contributing to steady growth of this vibrant community – a community of more than 43 million that continues to be overlooked by mainstream financial services. Learning as much as you can about the foreign-born community and their families in your area is an essential first step. trillion in financial services in 2016.

Community 28

Community Study Resources Lending 28

Gonzobanker

JUNE 22, 2016

November 2015 – Banking Exchange publishes an interview with Neville and Sanchez, the ostensible faces of the D+H core, about the client conference, pointing to the importance of core and user/community events. March 2016 – Neville announces his coming retirement in late 2016 and writes to clients that the 2016 client conference is cancelled.

Conference 60

Conference Management Marketing Operations 60

Fintech Labs Insights

MARCH 2, 2017

Franchise owners will work with local small business owners in their community to support their needs for working capital. The Salt Lake City-based company will support franchisees by giving them access to Lendio’s marketplace and technology, training, marketing tools, national advertising, and partnerships.

Lending 12

Lending Community Training Capital 12