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What #Banking Trend Will Have the Greatest Impact on Your Bank?

Jeff For Banks

The Fed has paused for nearly a year now, and it was our experience in 2006-07 that bank cost of funds continued to increase as the market closed the delta between what someone could earn in a money market mutual fund and a bank account. Such as direct lending funds, and insurance companies. Cost of funds is leveling off now.

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Branches after post-crisis pruning

ABA Community Banking

SNL Report: Office openings and closings by CRA-designation since 2006 Financial Trends Retail Banking Compliance Channels Fair Lending.

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Regulators Give Wells Fargo’s Top Examiner The Boot

PYMNTS

According to Reuters, Linskens began oversight at Wells Fargo back in 2006 and was responsible for day-to-day supervision of the financial institution. The Office of the Comptroller of the Currency accused Wells Fargo of an “extensive and pervasive pattern” of discriminatory and illegal lending practices for years.

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LendingClub Settles With SEC, DOJ

PYMNTS

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. Attorney Alex Tse. “We The Response. The Rundown on the Run-up to the Decisions.

Lending 135
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A Regulatory Oversight?

Independent Banker

ICBA warns of risks of online marketplace lending models. Online marketplace lenders are a new form of nonbank specialty lending that uses technology platforms to allow Wall Street and individual investors to directly fund loans to consumers and small businesses. Lend exclusively over online peer-to-peer platforms.

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FinDEVr Live: Thinking Capital on Using Software for Underwriting & Compliance

Fintech Labs Insights

Thinking Capital is the leader in the Canadian alternative lending space, leveraging technology to be at the forefront of the fintech industry. Since 2006, they have helped more than 10,000 small-to-medium sized Canadian businesses reach their full potential. thinkingcapital.ca | thinkingcapital.ca/blog blog | @ThinkingCapCA.

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All Pain, No Gain

Independent Banker

Most concerning has been the safety-and-soundness regulation’s unnecessary effect on reducing certain lending by community banks, say Kendrick and several community bankers. In 2006, before Basel III and the financial crisis that precipitated it, the call report instructions were about 45 pages long. Headwind for lending.