Gonzobanker

DECEMBER 19, 2017

Heavy-handed regulators. Seriously, sit back with a pocket flask of Pappy Van Winkle, smoke a cigar (or your combustible of choice if you live in Colorado, California, Washington, Oregon, Nevada, Main or Massachusetts) and enjoy the 2017 GonzoBanker Awards. The Real “Lending” Stock Award – Goes to longtime player LendingTree.

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ZootBlog

JUNE 8, 2016

In July 2015, the Department of Defense (DoD) passed major changes to the Military Lending Act (MLA) with target compliance dates of October 3, 2015 and October 3, 2017. The 2017 date applies only to credit cards. The MLA’s overall goal is to prevent predatory lending against U.S.

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PYMNTS

JANUARY 29, 2020

small businesses had sought a loan online, compared to just 19 percent that did so in 2017. As online lending platforms proliferate among the SMB borrowing community, however, experts warn that a lack of regulation means these companies rarely publicly reveal interest rates and fees. ” Knowing Their Options. .

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PYMNTS

FEBRUARY 23, 2018

The company disclosed it “self-reported” the findings to regulators, said Reuters, as pertains to Regulation Z and the CARD Act. In other news gleaned from the filing, unreserved legal costs in their entirety have been estimated at $1 billion as of the end of 2017, down from the $1.5

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CFPB Monitor

JULY 27, 2015

The Department of Defense (DoD) dramatically expanded the scope of the Military Lending Act (MLA) on July 22, 2015, publishing its Final Rule amending the MLA’s implementing regulation. The DoD consulted with the CFPB in developing the Final Rule, and the CFPB actively supported the DoD’s plans to expand MLA coverage.

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PYMNTS

OCTOBER 31, 2019

Regulators must approve it as well. The bank has had a tumultuous 2019, facing increased attention from regulators as well as scrutiny from investors, who are concerned about bad loans , lack of lender regulation and availability of capital. The deal is still awaiting approval by the bank’s shareholders and the board.

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PYMNTS

FEBRUARY 8, 2017

The financing will leverage New Markets Tax Credits (NMTC), alongside private capital, to provide short-term financing to small businesses with competitive rates and flexible terms, the company said. Greenline pointed to the retreat of banks in the SME lending space as adding to the struggle for small business owners to access financing.

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PYMNTS

APRIL 30, 2018

In this world, the only things certain are death and taxes. Marketplace lending. According to a Crunchbase article published in February of 2018, investments in blockchain and blockchain-related startups (excluding initial coin offerings, or ICOs) were already 40 percent of what they were in 2017. Honesty is the best policy.

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Independent Banker

MARCH 31, 2022

We must also keep our focus on protecting the 2017 tax cuts and, as always, monitoring and confronting credit union overreach. Lucas White: We need to continue to differentiate community banks and educate policymakers on why tiered and proportionate regulation is necessary. We are not Wall Street banks—we are community banks.

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PYMNTS

JANUARY 3, 2017

This growth will ostensibly be spurred by heavy investments in infrastructure and also by tax cuts. The traditional banking system has shied from opening the lending spigots to SMBs in the wake of the financial crisis of 2008. A dampening on lending has also come because of regulations, of course via Dodd-Frank.

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Jeff For Banks

FEBRUARY 3, 2017

Change Happy 2017, everyone! Third, the explosion in regulations over the past eight years has served to hinder businesses, especially new small business formation, and has drained valuable resources as compliance costs soared. He has promised the elimination of many regulations that are strangling businesses.

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CFPB Monitor

MARCH 2, 2020

ET, Ballard Spahr will hold a webinar, “The DoD’s MLA Interpretive Rule Rollback on GAP and Other Recent Developments in Military Lending Law.” f)(2)(iii) and must comply with the provisions set forth in the MLA regulation.” On March 13, 2020, from 12:00 p.m. to 1:00 p.m. Click here to register. because § 232.8(f) 58840, 58841.

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PYMNTS

APRIL 17, 2017

Meanwhile, data from Biz2Credit’s latest Small Business Lending Index, released last week, found small business loan approval rates at small banks and institutional investors saw increases in March, with big bank approval rates holding steady.

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PYMNTS

NOVEMBER 20, 2017

Defaults are high, with borrowers facing all sorts of actions as lenders try to get the unpaid money, including filing lawsuits, garnishing wages, putting liens on properties and seizing refunds from taxes. From 2012 to 2017, officials reported greater than 5,400 individuals to professional license agencies because of unpaid debt.

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Gonzobanker

FEBRUARY 7, 2018

Nothing seems to put a bounce in a banker’s step more than a tax break and regulatory relief, and this bountiful energy was radiating at Bank Director’s annual “mecca” for bank M&A in Phoenix last week – Acquire or be Acquired. For those in the know – simply AOBA. The chatter at AOBA centered on three important topics: #1: The Breaks.

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CFPB Monitor

NOVEMBER 24, 2015

.” The CFPB also comments that “the good news is that recent updates [to the Department of Defense (DoD) regulation implementing the Military Loan Act (MLA)] should generally help servicemembers and their families avoid this type of high-cost debt going forward.”

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PYMNTS

SEPTEMBER 9, 2016

The brothers are aware of the security issues surrounding bitcoin and recommend that exchange operators and their regulators need to look closely at “multisig” security services, which require many people to sign off on a transaction. by the end of 2017, not to mention the uncertainty associated with the presidential election.

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PYMNTS

FEBRUARY 12, 2018

Yet, according to Fung Global Retail & Technology, 6,985 stores closed in 2017 , up 229 percent from 2016, and well above the number of stores which closed in the year that started physical retail’s death spiral: 2008. billion at the start of the year — to $18 billion in September 2017. In other words, it’s a lot.

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Gonzobanker

DECEMBER 17, 2021

million gets the vaunted consumer lender a much-prized bank charter, low-cost deposits to juice current earnings, and a business lending capability to drive future growth. Since 2017, ROAE has grown from 7% to approximately 20% and ROAA has increased from.82% We salute a legend of lending and credit union leadership.

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Lex Sokolin

DECEMBER 25, 2019

Ethereum’s decentralized lending and trading are floating around 2,500 daily users. The lending product above is a bit more complicated. Other things like Compound are essentially a securities lending marketplace?—?you But being a leader doesn’t yet mean celebrating industry victory?—?Ethereum’s

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FICO

JULY 17, 2017

Perhaps an equally daunting challenge is the already crowded legislative agenda, which includes heavy-lift items like healthcare and tax reform and increased infrastructure spending. Similar efforts, further crowding the legislative calendar, may be pursued if the CFPB moves forward with issuing its final small-dollar lending regulation.

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Independent Banker

JULY 29, 2016

Every spring ICBA holds its Washington Policy Summit where hundreds of community bankers from across the country visit with their congressional members and with federal regulators. The next summit takes place April 30–May 3, 2017. Fair lending ruling. Any community banker is welcome and encouraged to attend. In March, the U.S.

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PYMNTS

NOVEMBER 9, 2017

In 2017, those things are centered on interacting with software platforms, whether its registering a new domain name (e.g. It’s perhaps not so good for the existing merchant acquirers and processors, who Aberman said are no longer the “tip of the spear” for serving SMB businesses — a role the software provider is now assuming.

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Gonzobanker

DECEMBER 20, 2018

Capital One quit mortgage late in 2017. This award goes to Ally Bank ’s mind-numbingly fast growth in its auto lending unit. According to BankRegData, Ally has grown its auto lending portfolio by 68% since 4Q15. Ally accounted for over half of the entire bank auto lending industry’s growth over the same period.

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CB Insights

FEBRUARY 13, 2020

Business lending and corporate cards. This process also comes with hurdles like regulations, fees, compliance standards, and payment card issuers — all of which become increasingly complex for international transactions. Most recently, Stripe has launched a Corporate Card and a Lending product geared towards small businesses.

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CB Insights

OCTOBER 10, 2018

Startups targeting retail and commercial banking have been emerging globally, spurred by favorable tech regulations, an uptick in mobile adoption, and shifting customer demographics. In December 2017, Amazon’s Alexa Fund participated in its $16M Series A. why profitability won’t come easy.

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CB Insights

MAY 23, 2019

Zenefits skirts compliance regulations. Zenefits skirts compliance regulations. In addition, regulators claimed that as many as 80% of insurance plans sold in Washington state by Zenefits reps were sold illegally by unlicensed brokers. Table of contents. Theranos and the revolutionary blood tests that never existed.

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Fintech Labs Insights

FEBRUARY 14, 2017

Given the pending PSD2 regulation in Europe, almost half of the technology we saw on stage at FinovateEurope had some sort of PSD2 compliance element. P2P lending. According to the fintech-ers in the audience, P2P lending is ice cold! This topic received the most positive feedback and was by far the hottest trend of the night.

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Fintech Labs Insights

JANUARY 8, 2017

House of Fraser currently offers consumers credit and loyalty cards; it said it will detail how it will use its new relationship with Tandem in the first half of 2017. At the same time, the OCC is doing what it can to make it easier for fintech companies to become a part of the regulated federal financial system.

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CB Insights

OCTOBER 31, 2017

2017 Third Update (10/31/17). 2017 Second Update (6/9/17). 2017 First Update (2/10/17). 2017 Third Update (10/31/17). Six months prior to Wikimart’s July 2017 demise, co-founder Maxim Faldin wrote the following note on the company’s Facebook page. ” 2017 Second Update (6/9/17). .”

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