Abrigo
DECEMBER 16, 2014
Lending standards continue to relax, according to data from the OCC’s 2014 Survey of Credit Underwriting Practices. This type of easing is similar to that experienced between 2004 and 2006, the time period leading up to the financial crisis, which many attribute to inadequate lending standards.
PYMNTS
APRIL 8, 2019
Bloomberg reported there are about 15 million more consumers that have credit scores of more than 740 today than back in 2006. What’s more, Bloomberg cited Moody’s as saying there are around 15 million fewer consumers with scores under 660 today then back in 2006.
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PYMNTS
MAY 4, 2016
The biggest individual cut will be a Utah office dedicated to lending for medical procedures, but 14 percent of Prosper’s San Francisco- and Phoenix-based workforce is also on its way out the door. Prosper also spent $40 million to acquire medical loan provider American Healthcare Lending LLC and personal finance startup Billguard Inc.
ABA Community Banking
JULY 2, 2015
SNL Report: Office openings and closings by CRA-designation since 2006 Financial Trends Retail Banking Compliance Channels Fair Lending.
PYMNTS
APRIL 5, 2019
In 2006, 44 percent of tappable equity came from homeownerships with credit scores of 780; in 2017, the share had increased to 53 percent. And here is the kicker: “Much of the corresponding decline in share came from homeowners under 45, whose share of equity declined from 24 percent in 2006 to 14 percent in 2017.”.
PYMNTS
APRIL 30, 2018
Marketplace lending. The blockchain can even end world poverty and transform society by making it safer for total strangers to lend each other money — without any third-party intermediary — and without any risk. Marketplace Lending. Blockchain. Digital banks. Blockchain. Take the blockchain.
PYMNTS
OCTOBER 17, 2017
Before this year, the last time that happened was in 2006, when Walmart made a move on an ILC. Square already has an SMB lending arm – Square Capital – which it operates through a deal with Utah-based Celtic Bank. That lending operation has been fairly successful for Square, and has lent out over $1.8
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