PYMNTS

MARCH 13, 2019

The New York Times newspaper posted a job called “Lead, Blockchain Exploration” on Wednesday (March 13), and later took it down, according to reports. The posting said the organization was looking for someone to “design a blockchain-based proof of concept for news publishers.”.

New York 139

New York blockchain cryptocurrency Compliance 139

CFPB Monitor

DECEMBER 9, 2022

In a notice of “ Intent to Make Preemption Determination under the Truth in Lending Act (Regulation Z) ,” the CFPB announced that it is seeking comments on its preliminary determinations that the Truth in Lending Act (TILA) does not.

Lending 147

Lending New York Utah Virginia 147

CFPB Monitor

OCTOBER 25, 2022

Following up on a threat it made back in 2018 , the New York State Department of Financial Services (DFS) announced on October 6, 2022 that it entered into a consent order with Rhinebeck Bank (“Rhinebeck”) to settle discrimination claims involving discretionary dealer markups on retail installment contracts with minority borrowers.

New York 78

New York Lending Community Bank Community 78

American Banker

FEBRUARY 1, 2024

A day after the regional bank's stock tumbled on tough fourth-quarter results and some austerity moves, observers debated whether management just needs time to build enough capital to catch up with growth or if it is still too overexposed in multifamily lending.

New York 81

New York Strategy Community Regional 81

PYMNTS

APRIL 10, 2020

Federal Reserve said that it had launched a multi-trillion dollar lending program that targets smaller businesses, and in a broadened salvo, targets local governments, too. economy, that “we want to avoid a false start” tied to a partial reopening and a new spike in coronavirus cases. The Fed program is focused on lending.

Lending 338

Lending Maine New York Survey 338

CFPB Monitor

FEBRUARY 23, 2021

The New York Department of Financial Services (DFS) recently announced that it has entered into an agreement with Hunt Mortgage , a licensed mortgage banker, to address the DFS’s findings that there was a “demonstrable lack of lending to minorities and in majority-minority neighborhoods in Western and Central New York by Hunt Mortgage.”

New York 78

New York Lending Report Policies 78

PYMNTS

OCTOBER 11, 2020

Santander Bank has announced three high-level appointments, two overseeing lending operations and another overseeing marketing, according to a press release. Giancarlo Marchesi was named head of Consumer Lending, a new role at Santander. 2 and is coming from CVS, Santander stated in its news release. Smith holds a B.S.

Lending 160

Lending New York Virginia Boston 160

Bank Innovation

FEBRUARY 17, 2017

In his recent 2017 budget proposal, Governor Andrew Cuomo outlined a few changes that might be in store for New York State fintechs, particularly online lenders. The Empire State really wants to be in charge of the fintech sandbox—and it wants the OCC out already. These changes include expanding the Read More.

New York 218

New York Fintech Online Compliance 218

PYMNTS

NOVEMBER 23, 2017

New York Venture Bank, a new financial institution (FI) created by big names in the financial services industry, has applied for a national bank charter. The new FI is looking to provide commercial banking products and services to businesses in New York and other markets in the U.S.

New York 100

New York National FDIC Lending 100

CFPB Monitor

NOVEMBER 23, 2022

On December 22, 2021, New York State Senate Bill 2767A was signed into law. Contained in the Task Force’s information request is a lengthy list of questions, which include: What options are available for student loan borrowers to refinance private student loans both in New York State and outside the state?

New York 78

New York Study Maine Lending 78

American Banker

NOVEMBER 7, 2023

credit card balances continue to march above $1 trillion, the number of newly delinquent credit card users now exceeds the pre-pandemic average and millennials and those with student or auto loans are driving the increase in past-due payments, the New York Fed said.

New York 85

New York Cards Millennials Payments 85

Bank Innovation

JUNE 12, 2019

Lending platforms are evolving to the needs of younger customers’ financial habits, a pair of fintech executives told an audience at CB Insights’ Future of Fintech conference in New York Wednesday. People of younger generations […].

Lending 199

Lending New York Conference Fintech 199

PYMNTS

AUGUST 11, 2020

Federal and state authorities are targeting companies that allegedly lend money to small businesses at extreme rates and seek to collect payments with heavy-handed tactics, NBC News reported Tuesday (Aug. Representatives of the companies either denied wrongdoing or declined to comment.

Lending 237

Lending Regulation Philadelphia New York 237

Bank Innovation

APRIL 13, 2018

Small business banking company Kabbage is set to acquire startup Orchard Platform Markets, a provider of lending data and services, it was reported yesterday. Plans for the […].

Lending 223

Lending Marketing Data New York 223

American Banker

OCTOBER 26, 2023

The Hicksville, New York, company beat analysts' expectations on net interest income, but a pair of souring office loans contributed to a 68% increase in nonperforming loans from the prior quarter.

New York 74

New York Community Company Lending 74

Banking Exchange

JULY 27, 2020

The senate and assembly have passed a bill requiring improvements to loan cost transparency for online lenders Compliance Fair Lending Feature3 Feature Covid19 PPP.

New York 78

New York Lending Compliance Online 78

Bank Innovation

APRIL 7, 2016

The New York Times covered the subject — and the word — in depth yesterday, in a special section called “Fintech’s Power Grab.” Ok, it’s safe to say fintech has hit the big time. ” The lead item, by Andrew Ross Sorkin of CNBC fame, focuses on the fintech challenge to Read More.

New York 150

New York Fintech social media Operations 150

Bank Innovation

JANUARY 19, 2017

Ah, New York: If you can make it here, you can make it anywhere, but to even try, you need a license. After waiting a year, the lender SoFi received the thumbs up to operate in New York, CFO Michael Tannenbaum said recently. Luckily, SoFi and Coinbase just got theirs. Read More.

New York 150

New York Operations Bitcoin Lending 150

PYMNTS

JUNE 10, 2020

The Federal Trade Commission sued two New York small-business lenders Wednesday (June 10) for allegedly using deceptive terms in loans to companies, nonprofits, religious groups and medical offices, and threatening violence and personal-asset seizures to collect funds. A 14-page complaint filed in the U.S.

New York 130

New York Capital Groups Examples 130

American Banker

MARCH 13, 2024

The new team at Dime Community Bancshares intends to attract funding from an array of niche business segments, including medical billing, so-called death care services and hedge funds.

New York 81

New York National Groups Community 81

CFPB Monitor

JANUARY 6, 2021

On December 23, 2020, New York Governor Andrew Cuomo signed into law S 5470 – B , which requires consumer-like disclosures for “commercial financing” transactions of $500,000 or less. New York’s commercial financial law (NYCFL) states that it takes effect on the 180 th day after becoming law, which is June 21, 2021.

New York 78

New York Regulation Security Payments 78

CFPB Monitor

JULY 1, 2021

After announcing several years ago that it intended to pick up with fair lending enforcement in the indirect auto finance market where the CFPB left off, the New York Department of Financial Services has announced two consent orders with smaller, New York-chartered banks based on the allegation that allowing auto dealers to negotiate the retail prices (..)

New York 78

New York Retail Lending Analytics 78

PYMNTS

JUNE 28, 2019

Representative Nydia Velázquez (D-NY) is calling on lawmakers to address predatory lending to small businesses (SMBs), The Washington Post reported on Thursday (June 27). “By ending confessions of judgment in commercial lending, we can stop some of the abuses that are crippling honest small business owners,” she said.

Lending 129

Lending Washington US New York 129

Gonzobanker

AUGUST 11, 2020

It was into this world that the much celebrated digital lending fintech OnDeck recently sold to Enova for $90 million, a virtual fire sale at way under 1X OnDeck’s revenue. Among ICE’s assets are the New York Stock Exchange. They primarily support – don’t compete with – federally insured bank lending.

Lending 158

Lending Fintech Analytics UX 158

Let's Talk Payments

SEPTEMBER 12, 2017

New York is one of the hottest FinTech hubs globally and is known to be a notable hub of innovation. For talented entrepreneurs looking to explore New York as the.

New York 111

New York Fintech Industry Innovation 111

American Banker

DECEMBER 12, 2023

Analysts agree that the Long Island-based bank will probably absorb some losses due to its exposure to struggling segments of the commercial real estate market. But they differ on the extent of the likely damage.

New York 85

New York Community Marketing Lending 85

Bank Innovation

AUGUST 19, 2016

Today it was revealed that banking giant Goldman Sachs will be launching an online retail lending operation called Marcus, after founder Marcus Goldman, as reported by the New York Times, The operation will likely roll out this October, and will start by offering small consumer loans from $15,000 to $20,000.

Lending 150

Lending New York Operations Online 150

Bank Innovation

NOVEMBER 21, 2019

Fundera, a New York-based small business lending marketplace, is partnering with UPS to offer loans to UPS clients. The tie-up, announced this week, puts Fundera’s lending platform on UPS’ warehouse logistics platform Ware2Go, letting businesses access loans while they’re building supply chain solutions. “As

New York 243

New York Lending Customer Experience 243

PYMNTS

DECEMBER 30, 2019

30) said a lack of regulation in the online SMB lending arena is raising concerns over sky-high fees and interest rates, sparking a bigger conversation about expanding borrower protections beyond consumers. Top players in the industry, including PayPal and Amazon , have promoted borrower trust in the online lending business model for SMBs.

Lending 131

Lending Online California New York 131

PYMNTS

JANUARY 6, 2020

Chinese firm OneConnect , a blockchain-based small business (SMB) lending platform owned by insurance giant Ping An, has launched a new portal to facilitate SMB lending in the Guangdong province, the company announced on Monday (Jan.

Lending 130

Lending Data blockchain New York 130

PYMNTS

AUGUST 15, 2019

Monzo is “more nuanced than we were probably two or three years ago,” CEO Tom Blomfield told the news outlet. He added that jumping into more traditional lending “can get us a good way to profitability, if not even all the way.”. The company is hopeful that its consumer lending division will lead to profits, according to the report.

Lending 161

Lending Los Angeles Digital Banking San Francisco 161

CFPB Monitor

JANUARY 24, 2019

According to an American Banker report , Chris D’Angelo, the CFPB’s Associate Director of Supervision, Enforcement and Fair Lending, has announced that he is leaving the Bureau to serve in the Office of the New York Attorney General as Chief Deputy Attorney General for Economic Justice.

New York 60

New York Report cryptocurrency Lending 60

American Banker

JANUARY 4, 2024

The governor's proposed license for buy now/pay later lending adds momentum to the efforts to rein in the fast-growing and unregulated product.

New York 39

New York Lending Compliance Regulation 39

BankInovation

SEPTEMBER 30, 2022

Teslar Software is preparing to launch a new indirect lending solution for community banks. based software-as-a-solution (SaaS) platform showcased its new product, which automates and digitizes the underwriting process, during the recent FinovateFall 2022 in New York City. The Springdale, Ark.-based

Lending 52

Lending New York City New York Community Bank 52

American Banker

MAY 14, 2024

The number of borrowers who are at their credit limits is approaching its pre-pandemic level, and the percentage of balances that are sliding into delinquency has hit its highest rate in more than a decade, according to new research. Still, card companies are generally expressing optimism about their credit outlooks.

New York 36

New York Cards Company Lending 36

CFPB Monitor

NOVEMBER 16, 2021

On November 1, New York Governor Hochul signed into law amendments (S.5246-A/A.6247-A) 6247-A) to the New York Community Reinvestment Act (NYCRA) that expand the NYCRA’s coverage to non-depository mortgage lenders. Expansion of CRA coverage. The amendments are effective November 1, 2022.

New York 78

New York Community Regulation Data 78

Bank Innovation

NOVEMBER 27, 2017

The report, called Fact versus Fiction: FinTech Lenders, was released last week during the Digital Lending + Investing Conference in New York, […].

Fintech 326

Fintech New York Conference Lending 326