PYMNTS

JULY 24, 2020

Online lenders will need the green light from the central bank to roll out new offerings or hike lending rates if the legislation is put into law, Quartz Africa reported. Online lending has brought about a number of complications in Kenya, with digital loans reportedly leading rising personal debt for users in the country.

Lending 157

Lending National Mobile Online 157

Abrigo

JUNE 12, 2020

Key Takeaways The soon-to-begin Main Street Lending Program (MSLP) aims to fulfill a need for mid-sized businesses to access relief funds amid the coronavirus pandemic. The MSLP aims to be a lifeline for businesses that may have been too big to participate in the PPP, but too small to access corporate lending facilities. learn more.

Maine 195

Maine Lending Regulation Resources 195

PYMNTS

NOVEMBER 3, 2020

3), stock exchanges in Shanghai and Hong Kong have suspended the looming IPO (initial public offering) in Ant Group, citing regulatory changes in the financial services landscape — and summoning executives including controller Jack Ma to meet with Chinese regulators at the China Securities Regulatory Commission.

Lending 199

Lending Meeting Groups Regulation 199

Abrigo

MAY 15, 2020

Their loan requests, according to court documents, were made to pay employees for a business that was not operating at the time of pandemic and had no salaried employees. It is not too late to perform CDD and transaction monitoring of these businesses – the regulators will expect it. Lending & Credit Risk. SBA Lending.

Lending 195

Lending Rhode Island Fraud Los Angeles 195

Abrigo

FEBRUARY 16, 2024

It's about ensuring that every aspect of your lending operation is optimized for efficiency and effectiveness. Customize documentation : Avoid a one-size-fits-all approach to documentation when it comes to the underwriting process. Clearly defined policies and procedures can help avoid confusion and streamline credit operations.

Training 195

Training Risk Management Analysis Policies 195

Abrigo

MAY 19, 2017

With the National Credit Union Administration issuing its final member business lending (MBL) ruling as of January 2017, credit unions are seeing increased flexibility in their lending limits. Who is responsible for collecting key documents, and will a system be used to track tickler documents and member compliance?

Lending 150

Lending Analysis Knowledge Base System 150

Abrigo

MAY 19, 2023

They should be knowledgeable of both sound lending practices and their own institution’s specific lending guidelines. In addition, they should be familiar with pertinent laws and regulations affecting credit and lending activities. Then they told me nobody’s perfect, so I stopped practicing.”

Training 195

Training Lending Risk Management Guidelines 195

Abrigo

OCTOBER 14, 2022

Takeaway 3 Utilize regulatory guidance to understand regulators' expectations, which are likely to include consistent stress testing. The document provides a baseline and severely adverse scenario that banks can use as a defensible starting point for stress testing worst-case scenarios. Lending & Credit Risk. CRE Lending.

Risk Management 195

Risk Management Management Policies Lending 195

CFPB Monitor

SEPTEMBER 22, 2022

The public comment period for the notice of proposed rulemaking (“NPRM”) regarding the Motor Vehicle Dealers Trade Regulation Rule (the “Rule”) closed on September 15, 2022 after the FTC declined in August to extend it. The comments from AFSA, CBA, and NADA were among the close to 27,000 comments on the proposed Rule received by the FTC.

Regulation 148

Regulation Groups Customer Experience Retail 148

Abrigo

NOVEMBER 9, 2020

Prudential regulators have made it clear that while they will adjust supervisory strategies as appropriate to emerging risks of the pandemic, examiner scrutiny will continue assessing basic principles that ensure the safety and soundness of financial institutions. Loan administration is a basic and yet far-reaching process of lending.

System 195

System Lending Software Risk Management 195

Abrigo

MAY 2, 2022

Takeaway 3 Minor inconsistencies between policy and loan portfolio can be a red flag to regulators, so careful review is key. . Your policy should include what type of loans you are actively seeking and what loans you don’t have an appetite for so regulators understand your institution’s direction. keep me informed.

Policies 195

Policies Lending Regulation Examples 195

PYMNTS

AUGUST 14, 2018

Changes may soon be coming to the Military Lending Act (MLA), a piece of legislation designed to prevent military service members from getting swept up in deceptive or unfair lending practices. The product causing concern on the auto lending side of things is gap insurance. New Lending Rules . Retired Army Col.

Lending 100

Lending Regulation Kentucky Utah 100

Abrigo

JULY 11, 2017

In December of 2016, the Consumer Financial Protection Bureau’s associate directors of the Office of Fair Lending expressed a new shift in priorities that will increase focus on small business lending, among other loan types.

Regulation 150

Regulation Memphis Tennessee Lending 150

PYMNTS

DECEMBER 14, 2018

.” “New Yorkers would be astounded to find out that our state is an outlier when it comes to the use and abuse of confessions of judgment, and the punitive impact on small businesses,” said Hoylman, referring to the document that small business borrowers are often required to sign that forfeits their right to a court hearing.

New York 139

New York Lending Washington Analysis 139

Abrigo

APRIL 12, 2023

Independent loan review Lenders write numbers, independent loan reviewers review them Credit grading reviews performed by individuals independent of the lending function are preferred because they can often provide a more objective assessment of credit quality. well, I have others.” well, I have others.”

System 195

System Lending Risk Management Management 195

Abrigo

MAY 18, 2023

How to evaluate loan review processes based on their scope and depth A closer look at loan review can help your institution determine what steps to take to please regulators and streamline processes. You might also like this webinar, "Return to basics: Asking the right credit risk questions."

Lending 195

Lending Training Guidelines Policies 195

Abrigo

NOVEMBER 8, 2019

Some financial institutions may view stress testing as a “check the box” practice to satisfy regulators, but others are making the most out of the process. Effective stress testing can benefit many different facets of lending, from risk management and strategic decision-making to capital adequacy and liquidity management. Learn More.

Lending 150

Lending Risk Management Analysis Capital 150

Abrigo

MAY 30, 2023

Final rule Effective dates & compliance dates for rule 1071 As they do with any new requirement, financial institutions want to know when the CFPB 1071 rule is effective and when they must begin collecting and reporting data on their small business lending activities. Which lenders are counted as “covered financial institutions”?

Compliance 195

Compliance Lending Data Regulation 195

Abrigo

DECEMBER 18, 2023

Critical capital Should CRE lending be off the table? Recent headlines may lead bankers to believe that shunning commercial real estate lending is the safest path to limit or avoid credit risk, given stresses on CRE and regulatory concerns. Loan documentation will be critical in upcoming exams.

Risk Management 221

Risk Management Management Lending Capital 221

PYMNTS

DECEMBER 19, 2016

Other charges stemming from the case include smuggling precious metals, illegal possession of weapons and border crossing without the proper documentation. The report noted Ezubao , which is one of the larger peer-to-peer lending platforms in China, has allegedly created fake investment projects in an effort to collect 59.8

Lending 100

Lending Fraud Regulation Online 100

Abrigo

OCTOBER 28, 2022

Takeaway 1 Signs point to increased loan modifications and loan workouts, and regulators have urged financial institutions to work prudently with borrowers. . Meanwhile, regulators are focusing fresh attention on prudent credit risk management of loans, especially CRE, and loan modifications in general. CRE loan accommodations.

Management 195

Management Risk Management Policies Lending 195

Abrigo

AUGUST 8, 2021

Independent Loan Review Systems in Banking Banking regulators have outlined expectations for effective, independent loan review and credit risk review. . The change reflects regulators’ expectations that financial institutions will develop loan review or credit review systems tailored to their specific risks and circumstances.

System 195

System Lending Policies Regulation 195

CFPB Monitor

SEPTEMBER 14, 2020

The report discusses the Bureau’s examinations in the areas of consumer reporting, debt collection, deposits, fair lending, mortgage servicing, and payday lending that were completed between September 2019 and December 2019. Violations of Regulation E requirements regarding qualifying notices of EFTA errors. Fair lending.

Lending 78

Lending Report Regulation Exercises 78

Abrigo

APRIL 15, 2020

Of course, many financial institutions these days are struggling simply to finalize PPP loans and disburse the funds, due to numerous questions surrounding the documents required to issue the loan. ( Overall, banks are like, ‘So we’re going to lend this money, and you tell me it’s guaranteed. Needleman says they can’t always do that.

Lending 221

Lending Philadelphia Payments Community 221

Abrigo

SEPTEMBER 5, 2023

unsecured lending is bad rather than unsecured lending should only be extended to high pass risk rated credit). 3 categories of credit exceptions I would divide exceptions into three categories: structural credit exceptions, account management exceptions, and documentation exceptions. and property tax payments.

Policies 195

Policies Lending Risk Management Examples 195

CFPB Monitor

DECEMBER 13, 2021

The report discusses the Bureau’s examinations in the areas of credit card account management, debt collection, deposits, fair lending, mortgage servicing, payday lending, prepaid accounts, and remittances that were completed between January 2021 and June 2021. Fair lending. Key findings by CFPB examiners are described below.

Lending 78

Lending Cards Regulation Payments 78

PYMNTS

MAY 23, 2016

In the continuing emergence of details surrounding Lending Club and its woes in the wake of the resignation earlier this month of its chief executive officer, Reuters reported on Friday (May 20) that Citigroup backed off from supporting the company. In addition, it was uncovered that some application dates on several loans had been falsified.

Lending 100

Lending Online Meeting Regulation 100

Abrigo

SEPTEMBER 2, 2020

The PPP might have been the first time many community financial institutions saw such clear returns on digitization investments, but the same automation and efficiency gains can be found in other end-to-end lending solutions. Community financial institutions' experience with PPP technology also translates to other areas of lending.

Lending 259

Lending Community San Antonio Survey 259

PYMNTS

APRIL 5, 2019

Silicon Valley-based financial services startup Earnin has potentially run afoul of New York State regulators with its payday advance product for consumers. New York is one of 15 states where payday lending has been banned and interest rates have been capped at 25 percent.

Regulation 100

Regulation New York Lending Capital 100

Abrigo

AUGUST 20, 2015

While it isn’t necessarily required for banks under $10 billion in assets, regulators and auditors generally view it as a proactive best practice, especially when a portfolio is highly concentrated in a volatile industry like agriculture.

Lending 150

Lending Kansas City Kansas Analysis 150

PYMNTS

FEBRUARY 16, 2018

Periu is CEO and co-founder of Neptune Financial (NepFin) , one of the newer lending companies in the U.S., Periu said this process means automating things like document collection and, especially, enhancing data aggregation and analytics. There weren’t many FinTech or digital solutions for this segment.

Lending 101

Lending Marketing Analytics Capital 101

South State Correspondent

JANUARY 16, 2024

BSBY was not well received by US regulators from its inception, but the market eventually embraced SOFR over BSBY. The documentation was lengthy and complex, the regulatory compliance and reporting was cumbersome, the accounting was tricky, and the overhead cost of launching a hedging program was challenging. No ISDA documents.

Community Bank 195

Community Bank Community Compliance CA 195

PYMNTS

OCTOBER 18, 2016

Lending Club has had a tough year. In early May, news broke that Lending Club had played fast and loose with its documents and disclosures, including the fact that then-CEO Renaud Laplanche had failed to disclose a personal stake in a firm Lending Club had an investment relationship with. The revelations were shocking.

Lending 100

Lending San Francisco Comparison Maine 100

Abrigo

JANUARY 24, 2021

The updated SBA Form 3508S , intended by lawmakers to be used by most PPP borrowers of $150,000 or less for first or second draw loans, doesn’t require borrowers to show calculations or submit documentation like the other forms (SBA Form 3508EZ and SBA Form 3508, which were also updated). Other forgiveness forms updated.

Lending 195

Lending Risk Management Management Payments 195

Perficient

FEBRUARY 29, 2024

Banking institutions are responding by integrating advanced technologies, particularly artificial intelligence and data analytics, into their lending operations to enhance efficiency and adaptability. Facilitation of embedded lending while ensuring compliance: Embedded finance initiatives must adhere to regulatory requirements.

Trends 221

Trends Industry Analytics Compliance 221

South State Correspondent

AUGUST 21, 2022

Lending Discipline: Hedging programs make loan pricing more transparent and force bankers to exercise sensible pricing methodologies. The first decision a community bank must make in choosing a hedging program is if they will subject their commercial customers to ISDA documents.

How To 195

How To Community Bank Community FDIC 195

Abrigo

DECEMBER 2, 2021

In a competitive lending environment, many banks and credit unions are concerned about losing good-quality loans if they over-price them. Learn how to satisfy regulators and yield more useful information in this whitepaper, "Effective Loan Review". Lending & Credit Risk. Consumer Lending. Lending & Credit Risk.

Conference 195

Conference San Antonio Lending Fraud 195