Jeff For Banks

MAY 20, 2017

Today, I read an American Banker article on how a multi-billion dollar bank is going to ramp up its business lending. To remind readers, in 2006 the OCC, Federal Reserve, and FDIC issued joint interagency Guidance on Concentrations in Commercial Real Estate Lending. They need a marketing person to title their reports.

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Lending Regulation Community Community Bank 60

Abrigo

DECEMBER 1, 2014

Credit unions have seen an unprecedented uptick in business-related loans in recent years, according to the Credit Union National Association’s (CUNA) U.S. From June 2007 to December 2012, MBL volume increased 66 percent, growing from $26.04 Credit Union Profile. billion to $43.16 Blog Credit Union'

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Strategy How To Resources Lending 186

PYMNTS

AUGUST 30, 2017

Lenders need deeper insights into the consumers they are lending to, and consumers — particularly younger borrowers — need a better understanding of how to manage their obligations.”. Back in 2007, the number of student loans per person was 2.4, A student loan is an investment that can benefit someone for a lifetime. per person.

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Analytics Lending National Management 112

Fintech Labs Insights

APRIL 12, 2024

Innovations from 1995 to 2014 (with launch dates) Note: Ranking as of Jan 2014 Wells Fargo is first in the world to offer Web-statement access (launched May 1995) Security First Network Bank launches first full-service Internet bank brand (Oct 1995, disbanded 2002) PayPal launches first online optimized payment system (Nov 1999, bought by eBay in 2003) (..)

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Innovation Fintech Online Mobile 15

Jeff For Banks

NOVEMBER 7, 2015

Me to a community banker: Why don't you offer more options than real estate secured lending to help fund early stage businesses? What I hear most often is that community banks take deposits from people and businesses in their community and lend it to people and businesses in that same community. You read it right: 100%. Seems risky.

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Community Bank Community Baltimore Lending 60

Jeff For Banks

MARCH 20, 2016

Remember during the depression when the National Housing Act of 1934 created the Federal Housing Administration (FHA). Similarly, SBA guarantees reduce risk for small business lending. In 2007-08, the first asset class impacted was residential mortgages. We don't know. And I suspect we won't know. Perhaps not.

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Virginia Risk Management Capital Comparison 60

Independent Banker

FEBRUARY 25, 2015

Happy State Bank’s 32 offices are spaced over 500 miles, giving the bank’s lending portfolio geographic diversity. Today, Happy State Bank lends more conservatively as oil prices move higher. Energy lending has a few advantages over commercial real estate, says C.R. General Lending Web Exclusives'

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North Dakota Texas Louisiana Community Bank 70

Jeff For Banks

JUNE 4, 2018

Their conversation goes something like this: pretend that your non-core and wholesale funding dries up, and you are unable to attract local funds via rate promotion because of our restrictions on rates paid above the national rate cap. The national average rate for a money market account at the end of last year was 0.09%.

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FDIC System Regulation Conference 60

Jeff For Banks

OCTOBER 4, 2014

Lending Club funded $5 billion in loans since its founding in 2007. How long before those corporate accounting system providers strike a deal with some regional or national bank to provide seamless views to corporate customers? Do you think your bank customers had an Orange account? Was ING Direct a disruptor? And Quicken Loans.

Technology 107

Technology Cyber Security FDIC Strategy 107

Independent Banker

NOVEMBER 30, 2022

Clockwise from top left: Grand Ridge National Bank, Wheaton, Ill.; An entrepreneur with a background in accounting and finance, CEO and chairman of the board Thomas Swenson set up Montana Business Capital Corporation in 1998 with a focus on job creation and economic development lending. Grand Ridge National Bank: The premier league.

Community Bank 169

Community Bank Community Montana Leadership 169

Jeff For Banks

JUNE 24, 2010

Economists and government officials continue to cite lack of lending activity as a key contributor to our economic malaise. Much of the standoff revolves around real estate secured lending. Our current slump, which started at the end of 2007 was real estate driven. dropped 24% from 2007 through the first quarter 2010.

Lending 67

Lending FDIC Regulation Regional 67

Gonzobanker

DECEMBER 17, 2021

Some interesting finalists would be: M&T and People’s United Old National and First Midwest Webster and Sterling Columbia Bank and Umpqua. million gets the vaunted consumer lender a much-prized bank charter, low-cost deposits to juice current earnings, and a business lending capability to drive future growth.

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Fintech Strategy Leadership Lending 147

Jeff For Banks

MARCH 3, 2018

Sticking with the Apple theme, in 2007, they launched the iPhone. SunTrust - Developed Lightstream , a national online lending platform to provide consumer loans for practically any purpose. Which runs the risk of making the cartoon above become a reality. Let me highlight some strategic bets for you. Thanks Napster!"

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Apple Millennials Massachusetts FDIC 67

Independent Banker

FEBRUARY 25, 2015

Community banks, which will continue to face a growing number of senior customers with everyday cash needs and built-up home equity, should explore this niche lending opportunity, two community bankers providing these specialty loans suggest. Consumer Lender Life Lending Web Exclusives'

Trends 70

Trends Community Lending Community Bank 70

Lex Sokolin

DECEMBER 25, 2019

Ethereum’s decentralized lending and trading are floating around 2,500 daily users. The lending product above is a bit more complicated. Other things like Compound are essentially a securities lending marketplace?—?you It’s like watching Mint.com emerge in 2007. So what does the future to come look like?

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blockchain Bitcoin Software Lending 52

Filene

MAY 3, 2016

To recognize entrepreneurs and the impact they have on the heartbeat of our economy, we join millions of Americans celebrating National Small Business Week in May. And as we honor the large economic contributions of our nation’s small business community, it’s worth noting a growing trend in its development.

Trends 28

Trends Marketing Community Lending 28

Jeff For Banks

OCTOBER 19, 2012

It seems to me that reducing burdensome regulations and not implementing harsher capital requirements would be more effective alternatives to incentivize lending than pushing all yields toward zero while buying up all of our bonds. Maybe it is nationally, but Bucks County (PA) has yet to participate. We should all be so lucky.

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National Security US Massachusetts 82

Jeff For Banks

DECEMBER 19, 2015

Independent Bank Corporation (Nasdaq: IBCP) Independent Bank dates back to 1864 as the First National Bank of Iona. million of red ink 2007-11. through its subsidiary BNC National Bank, offers community banking and wealth management services in Arizona, Minnesota, and North Dakota from 16 locations. It's size today, at $2.4

North Dakota 60

North Dakota Arizona Michigan Florida 60

CB Insights

DECEMBER 4, 2019

Through trial and error, the company has set up key financial pillars across payments, cash deposits, and lending. Below is a timeline of some of the major Amazon Pay milestones: Amazon’s first known payments product, Pay with Amazon, launched in 2007. In 2007, the company also invested in Bill Me Later (fka I4 Commerce).

Cards 101

Cards Lending Strategy US 101

TrustBank

DECEMBER 8, 2022

From Q2 of 1993 through the end of 2007, household debt as a percentage of disposable personal income climbed by 26% to13.1%. Adding to the observation is the fact that from roughly 2001-2006, a devastating housing price bubble formed due to lax lending standards. Recall the NINJA loans (No Income, No Job, Apply).

US 52

US Policies Taxes Washington 52

South State Correspondent

APRIL 10, 2023

In secondary and tertiary markets, it is only smaller financial institutions lending. CRE Risk Circa 2008 If all this feels too familiar, these are the same conditions that were present in late 2007 when the Fed raised overnight rates from 1.00% to 5.25%, and many financial institutions had a negative market-to-market on their assets.

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Community Bank Community Los Angeles Regional 195

CB Insights

APRIL 17, 2018

While Lin left the company in 2005, it was acquired by Microsoft in 2007. He then went on to serve as president of Paypal in 2004 before becoming president and CEO of OpenTable in 2007. Notable Investments: Lending Club (IPO), DocuSign , Square (IPO), Spotify (IPO), Twitter (IPO), Houzz. JEREMY LIEW.

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San Francisco CA Capital Operations 71

Qudos Bank

MARCH 10, 2021

It’s fair to say that Australia is a nation of travellers. Normal lending criteria, terms and conditions, fees and charges apply and are available on request. Liquor Act 2007: It is an offence to sell or supply to or to obtain liquor on behalf of a person under the age of 18 years. In fact, in 2019 we took a huge 11.3

Taxes 40

Taxes Cards How To Payments 40

CFPB Monitor

APRIL 14, 2016

The announcement included the news that the CFPB has filled the position of Assistant Director for the Office of Small Business Lending Markets. The leadership additions announced by the CFPB were the following: Grady Hedgespeth will serve as the Assistant Director for the Office of Small Business Lending Markets.

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Leadership Lending Marketing Regional 60

Jeff For Banks

DECEMBER 29, 2021

Triumph also serves a national client base with carrier payment solutions through TriumphPay, invoice factoring through Advance Business Capital LLC d/b/a Triumph Business Capital, insurance through Triumph Insurance Group, Inc. and equipment lending and asset based lending through Triumph Commercial Finance.

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Capital Texas Metro North Carolina 78

CB Insights

DECEMBER 7, 2017

Banks have receded from mortgage lending for a host of reasons, principally because the cost of complying with strict regulation from the Consumer Financial Protection Bureau on loan qualification and capital requirements has made the business more expensive. In 2011, just two of the top 10 biggest lenders were non-bank lenders.

Millennials 69

Millennials Lending United States Technology 69

PYMNTS

JANUARY 20, 2018

And the band’s timing was good: Its members just missed the compulsory National Service program, and the first generation of Baby Boomers had just reached their teens. The peculiar mystery drama television series “ Twin Peaks ” was an overnight phenomenon that had the entire nation asking in unison, “Who killed Laura Palmer?”

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Bitcoin Marketing Course cryptocurrency 105

South State Correspondent

JUNE 13, 2022

For some banks, the amount of gas station and convenience store loans is about equal to loans to US businesses that are owned by foreign nationals. Examples abound, but a common one is when banks list “loan sales or participation” as a mitigant for credit shocks relating to lending sector concentrations.

Risk Management 195

Risk Management Examples social media Management 195

Jeff For Banks

APRIL 14, 2022

2019 Mehrsa Baradaran Baradaran, Mehrsa The Color of Money: Black Banks and the Racial Wealth Gap 2019 Neil Barofsky Barofsky, Neil Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street 2012 Patricia Beard Beard, Patricia Blue Blood and Mutiny: The Fight for the Soul of Morgan Stanley 2007 Ben S.

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America National Denver United States 78

PYMNTS

AUGUST 21, 2017

financial system that have been in place since the financial crisis began back in 2007. If repealed, these tenets would relax capital requirements and other mandates governing big banks’ balance sheets, ostensibly freeing up lending activities. WannaCry malware serves as a call-to-action for the nation, according to the report.

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Regulation Security Lending Report 108

Independent Banker

FEBRUARY 16, 2015

The signature regulatory relief bill that garnered the most co-sponsors was the Community Lending Enhancement and Regulatory Relief Act (CLEAR Relief Act). He has called for capping banks so they cannot hold more than 2 percent of the national gross domestic product or 10 percent of total insured bank deposits nationally.

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Community Bank Alabama Ohio Community 70