PYMNTS

JULY 31, 2019

The merchant cash advance is considered the payday loan for many in the small business lending market — and that’s not necessarily a good thing. Regulators have taken note. In May, the Federal Trade Commission launched an investigation into the MCA industry and allegations of its unfair lending practices.

Lending 162

Lending Washington Technology Security 162

Abrigo

JULY 12, 2021

The message sent by FATF has been well received in Washington, and the hard work mandated by the AML Act of 2020 and FATF recommendations has begun. BSA Rules and Regulation. Lending & Credit Risk. Hidden Costs of Managing Multiple Vendors. AML Professionals and executives alike, hold on tight. Learn more. Learn More.

Training 195

Training Policies United States Report 195

PYMNTS

APRIL 7, 2016

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 We recognize management opposes a breakup on the grounds of value generated by scale and synergy,” supporters of the proposal shared, according to the proxy.

Washington 100

Washington Regulation Leadership Community Bank 100

CFPB Monitor

MAY 18, 2016

On June 23, 2016, the OCC will hold a forum in Washington, D.C. Topics will include risk management and strategic planning, financial inclusion, consumer protection, supervisory expectations, and regulatory concerns. .” on “Supporting Responsible Innovation in the Federal Banking System.”

Innovation 68

Innovation Washington Risk Management Fintech 68

Independent Banker

NOVEMBER 25, 2015

“We are going to have to lean into this digitized world, so that we can continue to serve our customers well into the 21st century,” ICBA President and CEO Cam Fine told the 24th World Congress of Savings and Retail Banks in Washington, D.C., See “Closing the Gap” in the November 2015 issue, online at www.independentbanker.org.).

Community Bank 70

Community Bank Community Analytics Lending 70

Jeff For Banks

NOVEMBER 24, 2019

September 1st, 1999, regulators from the Federal Deposit Insurance Corp, at the behest of the Office of the Comptroller of the Currency, descended on a small coal mining town in Keystone, West Virginia. Clearly, blue-suit regulators stood out. Nationwide lending! He set the tone for antagonizing regulators. But sold most.

National 78

National West Virginia Virginia Pennsylvania 78

PYMNTS

NOVEMBER 6, 2018

This kind of small business is a dying breed: recent stats from the RUPRI Center for Rural Health Policy Analysis at the University of Iowa found more than 16 percent of independent pharmacies shuttered their doors between March 2003 and March 2018, according to Washington Post reports.

Capital 130

Capital Iowa Management Community 130

Jeff For Banks

DECEMBER 16, 2022

Twenty-six percent of the bank is owned by the Board, Executive Management, and the ESOP. and Puerto Rico banking laws and regulations. Each employee has an ownership stake in the bank through its Employee Stock Ownership Plan. In 2021, the bank expensed over $530 thousand to the ESOP to benefit employees. Well done! #3 Virgin Islands.

Puerto Rico 78

Puerto Rico Virgin Islands Community Community Bank 78

TrustBank

DECEMBER 8, 2022

By the 1990’s, improvements in technology and further changes to securities regulations made it easier for corporate customers to access financial markets directly. Adding to the observation is the fact that from roughly 2001-2006, a devastating housing price bubble formed due to lax lending standards.

US 52

US Policies Taxes Washington 52

Abrigo

SEPTEMBER 20, 2021

Data collection for small business lenders Financial institutions, fintech companies, and other small business lenders will need to begin collecting a wide array of small business lending data under the Consumer Financial Protection Board’s (CFPB) proposed small business lending data collection rule. Proposal Issued. securities credit.

Lending 195

Lending Data Compliance Regulation 195

Independent Banker

NOVEMBER 30, 2022

An entrepreneur with a background in accounting and finance, CEO and chairman of the board Thomas Swenson set up Montana Business Capital Corporation in 1998 with a focus on job creation and economic development lending. Swenson’s goal has been to create a team of individuals who can manage themselves but also function well together.

Community Bank 169

Community Bank Community Montana Leadership 169

PYMNTS

JULY 31, 2017

Most of the drama this week was in Washington. Regulators are reportedly inquiring about how a lawyer for wealthy customers of Wells Fargo came to access so large a trove of customer information. Codel, head of consumer lending at Wells Fargo, said in an interview. “We

Taxes 100

Taxes Data Security Report 100

Javelin Strategy & Research

SEPTEMBER 2, 2014

This will require several trips a year to Washington, DC along with several touch-points, and I’m looking forward to getting acquainted with the CFPB’s staff and other 24 Consumer Advisory Board (CAB) members. I have a lot to learn! I can’t get enough of innovation and digital strategy. Impossible? Definitely not.

Innovation 58

Innovation DC FDIC Strategy 58

PYMNTS

APRIL 9, 2020

I think they’re missing a step there in Washington,” Edwards said. But while Speight agreed that sounds like a terrific way to manage the program — the reality is a bit different — at least right now since the guidance on this topic for bankers has been vague. Bankers want to lend this money out; small businesses desperately need it.

Lending 285

Lending Capital Washington Risk Management 285

Independent Banker

MARCH 15, 2015

Thoughtful lending and an open mind keep profits strong for incoming ICBA chairman Jack Hartings. in Coldwater, Ohio, and ICBA’s incoming chairman, held fast to his community bank’s conservative lending practices. To combat the decline in the bank’s loan-to-deposit ratio, Hartings actively sought out new opportunities in lending.

Ohio 70

Ohio Community Bank Community Lending 70

Fintech Labs Insights

APRIL 4, 2016

Real estate transaction management technology. HQ: Fort Washington, Pennsylvania. Tags: Consumer, lending, deposits, loans, payments, banking, underbanked, non-banked. Total raised: $205 million. HQ: New York City. Source: Finovate. Real Matters. Latest round: $76.7 million ($500 million valuation). Total raised: $136.7

New York City 12

New York City Company Fintech California 12

Independent Banker

SEPTEMBER 21, 2015

Greater uncertainty wins as the Supreme Court upholds statistical evidence in fair lending claims. Supreme Court, it is, and the high court’s recent ruling to that effect is likely to affect community banks, their regulatory examinations and their potential exposure to fair lending lawsuits. lending compliance.

Lending 70

Lending Community Bank Policies Community 70

Gonzobanker

DECEMBER 19, 2017

Heavy-handed regulators. Endless CRM and data management projects that shook our foundations and gutted our PMOs. The Real “Lending” Stock Award – Goes to longtime player LendingTree. Oh, by the way, that Fintech darling of two years ago Lending Club? This year brought us: Mergers out the yin-yang. Payments chaos.

Conference 91

Conference Industry Community Bank Community 91

PYMNTS

MARCH 28, 2016

The rest was related to bill payment, payday lending and remittances). Consumers who today pay anywhere from 1 percent to 4 percent of the face value of the check to a source that regulators and policymakers fear are preying on them. Ironically, the places with the highest check cashing fees are Maryland and Washington, D.C.).

US 100

US Payments Course System 100

PYMNTS

JANUARY 31, 2019

is set to see its first new community bank in decades, as the Federal Deposit Insurance Corporation (FDIC) lent its approval for MOXY Bank to launch in Washington, D.C. MOXY Bank, for example, aims to introduce corporate treasury management services, as well as offerings for small business (SMB) owners. have emerged to do. .

Community Bank 122

Community Bank Community FDIC Marketing 122

PYMNTS

MAY 19, 2017

In commentary from management after the release, Walmart Stores CEO Doug McMillion said that “We need to scale our eCommerce business further and see some additional strength in our store comps to deliver the results we know we’re capable of.” . Banking on Baking (the other kind of baking): Banks are lending to bakers.

Bitcoin 131

Bitcoin Online Lending Washington 131

PYMNTS

OCTOBER 11, 2019

PayPal officially pulled its support of Facebook’s Libra initiative after being a no-show at the Libra Association meeting in Washington, D.C. LendingClub Founder Renaud Laplanche built a business to help consumers manage the $800 million in outstanding credit card debt twelve years ago. What We’ve Learned From Libra.

Cards 116

Cards Online Houston Digital Banking 116

Fintech Labs Insights

AUGUST 8, 2016

HQ: Seattle, Washington. Tags: Institutions, underwriting, commercial lending, loans, information, BI, API. Compliance Science. Compliance platform for financial institutions. Latest round: $2.9 Total raised: $11.2 HQ: New York City. Source: FT Partners. Digital payments platform. Latest round: $2.8 million Equity Crowdfunding.

Company 12

Company Fintech New York City blockchain 12

PYMNTS

SEPTEMBER 5, 2016

Then, of course, there’s the jump into physical retail space, dominated by the opening of the Amazon bookstore in Seattle, Washington. If fairness in payments remains a key focus of regulators, fraud should remain a key focus of, well, just about everyone. The summer doldrums?

Payments 100

Payments Apple Retail Online 100

CB Insights

DECEMBER 7, 2017

In 2011, three banks accounted for half of new mortgage loans, according to the Washington Post. Quicken Loans founder Dan Gilbert’s innovation in mortgages was to assign regional-specific loan application reviewers, who familiarized themselves with the regulations of certain geographies.

Millennials 69

Millennials Lending United States Technology 69

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. Select Investors: MasterCard, Wellington Management. Table of contents.

Fraud 78

Fraud Las Vegas Company Video 78

Gonzobanker

DECEMBER 22, 2015

In the age of Twitter, Apple Pay and Lending Club, it’s important to remember the shareholder performance delivered by Gleason and team when compared to the behemoths. Bank project management offices. Regulator Award. Roboadvisor Future Advisor acquired by establishment asset management giant BlackRock for $150M.

Community Bank 60

Community Bank Apple Community Technology 60

PYMNTS

MAY 20, 2016

Lending Club. This week, though, the fizzle-y part has moved beyond a demolished stock price and a potential gutting of the online lending space. Between what’s unfolding at Lending Club and now the $9 billion company that was going to reinvent diagnostic testing that is now proven to be a total sham, it’s not such a stretch.

Retail 101

Retail Software Las Vegas United States 101

PYMNTS

MARCH 12, 2019

Call it Mr. Sloan Goes to Washington. Elsewhere, the Consumer Financial Protection Bureau, in tandem with the OCC, levied a $1 billion fine on Wells in the wake of deficiencies in process and risk management tied to auto and mortgage lending, and where the bank charged inappropriate fees on hundreds of thousands of clients.

Washington 115

Washington Risk Management Lending Report 115

PYMNTS

OCTOBER 3, 2017

Maxine Waters, the top Democrat on the House Financial Services Committee, issued a report last week suggesting that regulators might want to consider shutting down the scandal-ridden Wells Fargo. million potentially fake accounts , forcing up to 570,000 borrowers into unneeded auto insurance and allegedly discriminating in mortgage lending.

Regulation 107

Regulation Exercises Washington National 107

Fintech Labs Insights

AUGUST 14, 2015

Equity management system. Cloud-based spending management. Online investment management. HQ: Bellevue, Washington. Tags: 500 Startups (accelerator), bitcoin, security, regulation. HQ: London, England, UK. Latest round: $100 million ($87.5 million Debt, $12.5 million Equity). Total raised: $100 million($87.5

New York City 12

New York City Company Fintech New York 12

Gonzobanker

FEBRUARY 21, 2017

The organization that was born out of and scorned bad self-management suffered from the same disease. The phenomena of regulation and other hurdles resulting from bad business decisions is a tale that is regularly repeated. Here’s a list of internal “We Will” statements that any well-managed bank should embrace: We Will….

Regulation 73

Regulation Risk Management Management America 73

PYMNTS

MAY 16, 2017

The timing of how those rules went into effect — and the fact that they were mildly controversial, particularly in regards to the overdraft regulations — meant that it had seemed possible that Congress would exercise its authority under the CRA to repeal the law — but doing was subject to a ticking clock. Arbitration and PayDay Lending.

Lending 101

Lending Cards Regulation Georgia 101

Gonzobanker

FEBRUARY 21, 2017

The organization that was born out of and scorned bad self-management suffered from the same disease. The phenomena of regulation and other hurdles resulting from bad business decisions is a tale that is regularly repeated. Here’s a list of internal “We Will” statements that any well-managed bank should embrace: We Will….

Regulation 60

Regulation Risk Management Management America 60

FICO

AUGUST 27, 2018

It’s August and it’s hot in Washington DC. This document is the fourth in a series of reports in response to Executive Order 13772 that details the President’s core principles for financial regulation. Yet in the nation’s capital, fintech policy may actually be hotter than the temperatures outside.

Policies 49

Policies US Fintech DC 49

PYMNTS

OCTOBER 7, 2016

While it has not quite broken Lending Club’s record from this summer of longest consecutive number of days on the fizzle list, it has spent a rather unfortunate amount of time there since summer first started giving way into fall a few weeks ago. From there, things have gotten, well, increasingly brutal.

Fraud 162

Fraud CA Policies Meeting 162

PYMNTS

NOVEMBER 28, 2016

They should, however, be commended for lending money. Time to recognize the importance of lending for consumers and small businesses and for making the economy go ‘round and ‘round. This reset requires a change in mindset in Washington, D.C. A public beating on Capitol Hill is a common part of running the gauntlet.

Lending 100

Lending Regulation Cards Maine 100