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CFPB issues Office of Servicemember Affairs 2019 annual report

CFPB Monitor

The Bureau analyzed servicemember first-time homebuyer data over a ten-year period from 2006-2016. The Bureau concluded that veterans who took the survey reported higher levels of financial well-being than the average U.S. VA-Home Loans. Educational Activities and Coordination with Other Federal and State Government Agencies.

Report 78
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Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish

Jeff For Banks

bank failures per year between 1996 and 2006, and 3.6 The old borrow short, lend long strategy. Economists cite as the main culprit the collapse of the subprime mortgage market — defaults on high-risk housing loans — which led to a credit crunch in the global banking system and a precipitous drop in bank lending.

FDIC 78
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Why Peer-to-Peer models struggle against oligopoly

Lex Sokolin

And this realization takes us to Lending Club. Peerless Lending Lending Club represents an era of Fintech credit. The core premise at its founding was to recreate the dynamics of the sharing and social media revolutions. and by the way banking licenses are sort of hard to find in 2006?—?why

Lending 52
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What Beautiful Artificial Intelligence Art teaches us about Financial Services

Lex Sokolin

Home photo albums grew from a few dozen mundane, poorly composed pictures, to millions of images immaculately designed and filtered for social media. Roboadvisors in 2019 will give you Goldman’s 2006 asset allocation for pretty much free. Lending Club charge-offs below illustrate the point by analogy.

US 40
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What Beautiful Artificial Intelligence Art teaches us about Financial Services

Lex Sokolin

Home photo albums grew from a few dozen mundane, poorly composed pictures, to millions of images immaculately designed and filtered for social media. Roboadvisors in 2019 will give you Goldman’s 2006 asset allocation for pretty much free. Lending Club charge-offs below illustrate the point by analogy.

US 40
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Walmart’s Daniel Eckert On Why TailFin Is Retail’s Next Big Thing

PYMNTS

The two companies already have a payments partnership, one that involves Walmart MoneyCard program and which launched in 2006. When asked which app consumers first look at when they wake up in the morning, it was either a social media app like Facebook (or Instagram if they are millennials) or text/email to organize and plan their days.

Retail 110
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Fools Rush In: 37 Of The Worst Corporate M&A Flops

CB Insights

The housing bubble bursting that same year had the opposite effect and various penalties and real estate losses relating to Countrywide’s lending practices ended up costing BofA about $40B, all told. Date: November 30, 2006. Date: February 6, 2006. In 2006, it was the most-visited website in the US, even beating out Google.

Google 76