Abrigo

APRIL 18, 2020

Camden National Bank in Camden, Maine, told customers on its website, “Unfortunately, the SBA is currently unable to accept new applications for the Paycheck Protection Program based on available appropriations funding. “We We trust we will catch the other 5% when additional funding is provided.” It’s something we look at as our duty.”

Lending 195

Lending Wyoming Maine Nebraska 195

CFPB Monitor

NOVEMBER 28, 2022

trillion nationally) are on pace to surpass student loans as the second-largest debt category in 2023. In announcing this request, “Enhancing Public Data on Auto Lending,” the CFPB stated: Financial markets and policymakers have long had access to granular mortgage data that has provided insight into patterns in lending and risk.

Data 147

Data Marketing Lending Trends 147

PYMNTS

APRIL 10, 2020

Marcus , the online-only consumer banking and lending arm of Goldman Sachs, offers personal loans with no late fees of up to $10,000, with rates ranging from 10.99 The deal follows JetBlue’s announcement that it has temporarily consolidated service in Boston, Los Angeles, New York City, San Francisco and Washington, D.C.

Los Angeles 212

Los Angeles San Francisco New York City New York 212

PYMNTS

OCTOBER 11, 2017

Last week, after five years of debates, discussions, arguments and waiting, the Consumer Financial Protection Bureau’s (CFPB) final rules for payday lending dropped. Even more surprising is that the editorial boards and writers at The Washington Post and The Boston Globe agree with them, given their historical pro-CFPB stance.

Lending 109

Lending Regulation Guidelines FDIC 109

PYMNTS

SEPTEMBER 7, 2016

As it turned out, Amazon thought it was offering a Prime perk — when what it was actually doing was walking into a political firestorm over student lending. With the advocate outcry came senatorial involvement, specifically Senators Elizabeth Warren, Sherrod Brown, Dick Durbin and Patty Murray, who is from Amazon’s home state of Washington.

Regulation 100

Regulation Lending Massachusetts Washington 100

American Banker

APRIL 14, 2016

Washington Federal in Seattle said its profit rose 3.4% million in the three months that ended March 31 as loan growth outweighed higher information technology costs.

Washington 28

Washington Seattle Lending Technology 28

PYMNTS

FEBRUARY 15, 2018

Through the Conference of State Bank Supervisors, Georgia, Illinois, Kansas, Massachusetts, Texas, Tennessee and Washington are looking to standardize the ways firms across traditional financial services and FinTech upstarts apply for, and are granted, licenses. and Alibaba in China, may be able to “replace many banks.”

Washington 101

Washington Regulation Conference Fintech 101

PYMNTS

JULY 3, 2018

Reports in The Washington Post on Monday (July 2) said the survey shows small- and medium-sized businesses (SMBs) in the U.S. Strong cash flows in the nation’s small business population may also be a sign of a strong national economy, with analysts predicting a 4 percent increase in gross domestic product for Q2.

National 109

National Analytics Lending Survey 109

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

CFPB Monitor

SEPTEMBER 21, 2020

Eric Kaplan, Director of the Housing Finance Program, Milken Institute (Washington, DC), was appointed to serve as CAB Chairperson. Nikitra Bailey, EVP, Center for Responsible Lending (Durham, NC). Jean Setzfand, Senior Vice President, AARP (Washington, DC). Clarksdale, MS). Bank (Minneapolis, MN).

DC 78

DC Mississippi Washington Oklahoma City 78

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. The bank is one of several newly proposed community banks in the region, with goals of disrupting the financial services landscape, including business and corporate banking.

Community Bank 122

Community Bank Community FDIC Marketing 122

PYMNTS

SEPTEMBER 22, 2020

The nation mourns this week as Supreme Court Justice Ruth Bader Ginsburg will lie in state in Washington, DC starting Wednesday (Sept. Under the law, it is illegal to discriminate against a borrower “on the basis of race, color, religion, national origin, sex, marital status or age in credit transactions.”.

Cards 350

Cards Policies Idaho DC 350

Jeff For Banks

NOVEMBER 24, 2019

The bank, First National Bank of Keystone, was $1.1 And so went the birth of First National Bank of Keystone's meteoric rise. Nationwide lending! Keystone expanded its lending to include high loan-to-value mortgages and home equity loans. The town, already depressed from coal's decline, had a population of 600.

National 78

National West Virginia Virginia Pennsylvania 78

Bobsguide

FEBRUARY 22, 2022

The core transformation program, titled “FutureCore,” is divided into phases and Consumer Lending for the 7 affiliate banks is the first phase to go live, with other phases to follow. The completion of this consumer lending installation represents our first step toward having a fully integrated core loan and deposit system.

Software 78

Software Wyoming Idaho Nevada 78

PYMNTS

NOVEMBER 15, 2017

The latest PYMNTS Credit Union Tracker™ , powered by CO-OP Financial Services, features news on the latest regulation changes facing the credit union market, along with recent partnerships and innovations that are changing how credit unions conduct their lending practices. Beyond recent developments in Washington, D.C.,

Trends 130

Trends New Hampshire Phoenix Millennials 130

PYMNTS

APRIL 21, 2020

The spate of bankruptcies also presents two ancillary issues: One: Why haven’t retailers been helped by the various stimulus packages coming out of Washington? They are too big to qualify for the Main Street lending program aimed at companies with fewer than 10,000 employees or $2.5 The first issue has caught department stores head on.

Retail 220

Retail Dallas Washington National 220

PYMNTS

JULY 3, 2019

It appears that these products may lend themselves to an entirely new global financial system that is based out of Switzerland and intended to rival U.S. Carolyn Maloney, Lacy Clay, Al Green and Stephen Lynch. “It monetary policy and the dollar. and global financial stability” if left without proper oversight or regulation.

cryptocurrency 132

cryptocurrency Policies United States Washington 132

PYMNTS

MAY 8, 2020

Most small businesses don’t have a lending relationship with a bank. Patrice Frey, president and CEO of the National Main Street Center , is a proponent of supporting existing local economic development organizations like chambers of commerce, community foundations and Main Street programs. Some don’t have any relationship with a bank.

Maine 142

Maine Groups San Francisco Lending 142

The Financial Brand

OCTOBER 24, 2021

Financial institutions must scrutinize marketing, branching and lending strategies as Attorney General targets redlining in mortgage credit. The post Justice Department Sets Major Fair-Lending Enforcement Push appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

Lending 32

Lending Banking Trends Analysis Trends 32

PYMNTS

MARCH 30, 2020

With the National Retail Federation (NRF) saying that $430 billion in industry revenues could disappear in Q2, the issue turns to how many retailers can remain open. One industry consultant has predicted that 30 nationally known U.S. Almost 630,000 outlets in the U.S. have been forced to close, according to the Financial Times.

Retail 131

Retail National Washington Industry 131

TrustBank

JUNE 30, 2020

In Washington, for example, Governor Jay Inslee approved real estate along with mortgage lending as essential activities , although significant restrictions and limitations were placed on these activities. Last week, the National Association of Realtors (NAR) reported that existing home sales decreased 26.6% million).

Washington 52

Washington National Exercises Report 52

CFPB Monitor

OCTOBER 11, 2018

At the Online Lending Policy Institute’s (OLPI) annual summit in Washington, D.C. earlier this week, the OCC’s recent decision to accept applications from non-depository financial technology firms for a special purpose national bank (SPNB) charter was the focus of considerable discussion.

Policies 60

Policies Lending Data Online 60

PYMNTS

JUNE 24, 2016

This week it was Minnesota, and then yesterday Walmart really got warmed up and announced the expansion of their new payments service in: Michigan, Virginia, the Carolinas, Indiana, Iowa, Kentucky, Nebraska, North Dakota, South Dakota, Tennessee, Louisiana, Missouri, Mississippi and Washington, D.C. Online lending .

Lending 101

Lending Online South Dakota North Dakota 101

PYMNTS

MARCH 13, 2020

That’s less likely to happen, given the loose credit and less than stringent mortgage lending that went on – not to mention the opaque securitizations that made it hard to know exactly which lenders owned what. But there are other headwinds gathering, tied to wallets and purses and consumer confidence.

Marketing 150

Marketing Washington Groups Analytics 150

PYMNTS

APRIL 18, 2017

The slowdown of China’s economic growth has had markets concerned, but new data suggests the nation could be on its way to reversing the trent. The first quarter’s results were boosted by bank lending and a peak in starts of long-term construction projects. percent GDP annual growth rate.

Policies 100

Policies Washington National Study 100

PYMNTS

OCTOBER 3, 2017

million potentially fake accounts , forcing up to 570,000 borrowers into unneeded auto insurance and allegedly discriminating in mortgage lending. Jaret Seiberg, senior policy analyst at Cowen Washington Research Group, said the Waters report will keep pressure on the Fed to crack down on Wells Fargo management and the board. “We

Regulation 107

Regulation Exercises Washington National 107

PYMNTS

FEBRUARY 19, 2019

The remarks were made at a conference, focusing on the issue of “financial deserts,” involving the struggle for rural communities to feel the benefits of overall national economic strength and a declining unemployment rate. making it one of the nation’s first new community banks in years.

Marketing 108

Marketing Community Community Bank Industry 108

PYMNTS

JUNE 12, 2018

According to Financial Times , the Economic Growth, Regulatory Relief, and Consumer Protection Act has a number of provisions that primarily target banks deemed too small to be a serious risk to the nation’s financial system. Though further legislation seems unlikely, regulators are already making life easier for banks in general.

US 108

US Regulation Washington Policies 108

PYMNTS

OCTOBER 24, 2019

In the ruling handed down this week, Judge Victor Marrero said in his decision that the National Bank Act’s “business of banking” clause “unambiguously requires that, absent a statutory provision to the contrary, only depository institutions are eligible to receive national bank charters from the OCC.”.

Fintech 101

Fintech FDIC New York National 101

Independent Banker

APRIL 30, 2022

Brazos National Bank. Douglas National Bank. In order to compete as a small bank, we have been forced to keep higher-than-peer capital levels, so that our lending limit allows us to service local borrowers’ needs. FSNB, National Association. Pioneer Trust Bank, National Association. AMG National Trust Bank.

Community Bank 172

Community Bank Community Montana Taxes 172

PYMNTS

APRIL 5, 2017

CEO Jamie Dimon gave a mixed assessment of some of the larger issues confronting the United States, touting its strength as a nation even while “it is clear that something is wrong” with this “exceptional country.”. As a new administration settles into Washington, D.C.,

Taxes 115

Taxes United States Washington Policies 115

Finer Points

AUGUST 18, 2015

The National Credit Union Administration has proposed dramatically revising business-lending rules for these tax-subsidized institutions. The tax-exempt credit union industry apparently skipped this civics lesson because it obviously doesn’t believe it should have to listen to Congress. Current […].

United States 100

United States Taxes Lending National 100

American Banker

MAY 23, 2016

Enough with the big bank-small bank divide, says First National Bank of Dennison chairman and chief executive Blair Hillyer. It's difficult when all banks are operating "with Washington as our co-CEO," but nevertheless it is important "to work together if we're going to remain relevant in this brave, new financial world."

Lending 28

Lending Washington Customer Experience National 28

Independent Banker

FEBRUARY 28, 2023

So, he joined a training program at what was then Citizens & Southern National Bank, once the largest bank in the southeastern U.S., I got a job with First National Bank of Griffin, and I’ve been a community banker ever since.” He believes ICBA’s advocacy work in Washington D.C.,

Community 172

Community Community Bank Georgia San Antonio 172

Jeff For Banks

JUNE 20, 2017

The banking system is stable, which is critical to national and state economies. So what am I talking about, that deposit insurance is why banks don't do like FinTech lending firms and use alternatives to the FICO score in underwriting consumer credits? They have to find out later, after a bureaucrat in Washington does a white paper.

Data 60

Data FDIC Regulation Washington 60

Independent Banker

MARCH 31, 2022

“I’m so inspired by the professionalism, integrity and commitment of our executive committee and board of directors as we work together to serve the needs of community bankers across the nation,” says Terry Jorde, ICBA senior executive vice president and chief of staff. ICBA president and CEO Rebeca Romero Rainey, Washington, D.C.

Community Bank 239

Community Bank Community Industry Texas 239

FICO

OCTOBER 10, 2022

And financial institutions use FICO® Scores to underwrite lending to millions of people so that they can achieve their financial goals like buying a first home or starting a business. The National Consumer Law Center suggests that “a bad score could shut out a renter out of apartments in a decent school district or even permanent housing.”

Analytics 52

Analytics Lending Data Michigan 52