PYMNTS

DECEMBER 10, 2016

Two years ago today, Lending Club was ringing the bell on an IPO that one early investor called “a no-brainer.”. Lending Club’s model does not need bank branches on each street corner, and it can turn around in minutes and hours, not days. I crossed paths with Laplanche back in 2007 and wanted to back him right away,” Petrushka said.

Lending 100

Lending Compliance Capital Marketing 100

PYMNTS

APRIL 17, 2018

Interest rates plummeted as the Fed held the federal funds rate at zero in the hopes of stimulating lending in an environment where credit went from dangerously free-flowing to dangerously non-existent in the span of a few months. The New Subprime Lending Path. Citigroup’s auto lending unit has been nearly entirely sold off.

Lending 137

Lending Examples America Metro 137

TheGuardian

NOVEMBER 11, 2020

HBOS whistleblower who had warned against its unsustainable lending and the sale of financial products such as PPI In the years leading up to the economic crisis of 2007-08 few challenges were made to excessive and opportunistic financial activity and since then few individuals have been called to account for the damage it caused.

Training 95

Training Compliance Lending Regulation 95

Abrigo

JULY 25, 2017

In a recent Sageworks webinar Robert Ashbaugh, senior risk management consultant at Sageworks, discusses High Volatility Commercial Real Estate (HVCRE) lending best practices. Ashbaugh’s presentation begins with a quick summary of why regulators care about HVCRE. How did we get here? What are HVCRE loans?

Risk Management 150

Risk Management Management Capital Lending 150

CFPB Monitor

DECEMBER 9, 2021

In his most noteworthy remarks, Director Chopra: Identified federal preemption as having played a major role in the 2007-2009 sub-prime mortgage crisis and suggested that the OCC had used preemption “to attack state consumer protection enforcement.”

National 78

National Lending Regulation Compliance 78

Jeff For Banks

APRIL 12, 2018

When I first read Standards Needed for Safe, Small Installment Loans from Banks, Credit Unions by the Pew Charitable Trusts that encouraged financial institutions to get back into small ticket consumer lending, I thought “what are they nuts!” So why would banks expand small-ticket, unsecured personal lending? Real estate secured.

Lending 60

Lending Resources Community Metro 60

PYMNTS

MAY 6, 2019

The judge ruled that “such dramatic disruption of federal state relationships in the banking industry occasioned by a federal regulatory agency lends weight to the argument that it represents exercise of authority that exceeds what Congress may have contemplated in passing the NBA. lakh (roughly $1.6

National 165

National Fintech New York Exercises 165

PYMNTS

APRIL 5, 2019

Charles Taylor, had its license revoked because, as the Russian central bank said, it “regularly” broke regulations governing anti-money laundering rules. Commercial Bank of Ivanovo was Russia’s 294th largest bank, as estimated by regulators. Taylor served in Congress from 1991 to 2007.

North Carolina 116

North Carolina Wichita Regulation Fraud 116

PYMNTS

OCTOBER 1, 2019

Consumer, enterprise and SMB lending all ground to a near halt and underwriters across the spectrum struggled to regain equilibrium after a crisis in mortgage underwriting bloomed into a plague that destabilized the entire global economic system. The rising tide, it seemed, was lifting all boats. topped the number of ones that closed.

Data 135

Data Lending Capital Regulation 135

PYMNTS

APRIL 21, 2016

The alternative finance industry boomed post-2008 financial crisis as banks retreated from small business lending. Marketplace lenders emerged to fill the gap, and analysts began to ponder a paradigm shift: Could alternative lending threaten traditional financial institutions’ place in the world? Alt-Lenders On The Defense.

Lending 100

Lending Industry Regulation Groups 100

PYMNTS

MAY 4, 2018

In a 2017 study by the Cleveland Federal Reserve, economists took a rather dim view of the online lending space and the ways in which it recruits and handles its customers, believing additional regulation was needed to rein in some of the excesses their research uncovered.

Virginia 108

Virginia Online Cleveland Study 108

PYMNTS

AUGUST 21, 2017

It has been a key aim of the Republican Congress and President Donald Trump’s administration over the past several months, and an explicitly stated goal: to unwind regulations governing the U.S. financial system that have been in place since the financial crisis began back in 2007. Going back to pre-crisis status for banks? “It

Regulation 108

Regulation Security Lending Report 108

PYMNTS

APRIL 25, 2016

And who can’t get any other people to lend them money on a short-term basis. Of course, it isn’t just that regulators have their playlist tuned into the one of Prince, Pink, Lynyrd Skynyrd or Janis’s odes to “free.” Lots of other players have been serenading the regulators, courts, and whoever else will listen with those same tunes.

Regulation 100

Regulation Google Course Cards 100

South State Correspondent

JUNE 13, 2022

The result is an unrealistic view of risk that deceive both management and the regulators into believing the bank has a solid risk plan when in fact, they do not. 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

PYMNTS

SEPTEMBER 13, 2018

We’re looking backwards after some banking regulations were eased this past year – surely you know of Dodd-Frank – and from this vantage point, one might wonder how we got here. And, of course, here in the States, regulation writ large has helped transform banking. Business is no different – specifically in this case, banking.

Course 108

Course Capital Regulation System 108

PYMNTS

SEPTEMBER 13, 2018

We’re looking backwards after some banking regulations were eased this past year – surely you know of Dodd-Frank – and from this vantage point, one might wonder how we got here. And, of course, here in the States, regulation writ large has helped transform banking. Business is no different – specifically in this case, banking.

Course 100

Course Capital Regulation System 100

Jeff For Banks

JUNE 2, 2023

More recently and by comparison, the mortgage meltdown and subsequent global financial crisis took down more than 500 banks between 2007 and 2014, with total assets of nearly $959 billion. The old borrow short, lend long strategy. Third, the regulators need adequate financial resources. trillion failed. What caused it?

FDIC 78

FDIC Community Bank Regulation Lending 78

PYMNTS

MAY 1, 2018

It’s a bold statement, considering that the lending space is still trying to articulate what, exactly, the financial inclusion problem is — and everyone else is still trying to figure out what, exactly, “machine learning” means and why it matters to them. First, many in the lending space may wonder, “What financial inclusion problem?”

Lending 143

Lending Data Compliance Tools 143

BankUnderground

AUGUST 31, 2022

Since 2007, macroprudential policymakers have grappled with a broad set of vulnerabilities. While regulators cannot be sure what risks the next decade will feature, they can be sure that the set of issues will continuously evolve. Regulating an internationally interconnected system.

Policies 88

Policies Marketing System Regulation 88

Jeff For Banks

JUNE 8, 2013

It appears that banks that had the ability to do the same during the heady lending times of 2004 - 2007 found it to be an enduring strategy (see table from Fed study). In addition to that, here is what I think a bank should do to avoid the lending hubris that led up to the crisis: 1. Lend Consistent With Your Strategy.

St. Louis 107

St. Louis Lending Study Strategy 107

Jeff For Banks

JUNE 4, 2018

Regulators and consultants promulgate this untruth. This week I sat in a bank CEO's office where he complained, ranted really, about his latest exam and the regulators' perception of liquidity risk, driven by the aforementioned Supervisory Insights. This has happened before. Pretty magnanimous of me, right? Train board members 4.

FDIC 60

FDIC System Regulation Conference 60

Jeff For Banks

APRIL 25, 2014

In 2013 there were 246 bank and thrift merger and acquisition deals announced, the highest number since 2007 when there were 318 deals. This all comes with fewer banks than there were in 2007. Read: We need to be bigger and have more capital to keep up with regulation and the industry. What is driving deal volume?

Community 92

Community New York Indiana Connecticut 92

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. Regulators are slightly schizophrenic on the subject. What I suggest regulators consider is collateral alternatives.

Lending 65

Lending FDIC Regulation Regional 65

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.

Community Bank 60

Community Bank Community Baltimore Lending 60

BankUnderground

FEBRUARY 5, 2021

Negative liquidity shocks on the other hand constitute a tightening of financial conditions, reducing lending and real investment ( Bruno and Shin (2015) and Avdjiev et al (2018) ). In a recent paper , we propose the use of money market rates to measure transmission of global funding shocks to EMs.

Marketing 101

Marketing Policies Study Tools 101

Independent Banker

DECEMBER 29, 2015

The internationally adopted rules, aimed at responding to the deficiencies that led to the 2007 financial crisis, took effect Jan. 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. Headwind for lending.

Community Bank 70

Community Bank Community Capital Lending 70

PYMNTS

OCTOBER 17, 2017

An industrial bank is an FDIC-insured depository institution that is generally subject to the same banking laws and regulations as any other bank charter type, with the important exception of the Bank Holding Act of 1956. Square already has an SMB lending arm – Square Capital – which it operates through a deal with Utah-based Celtic Bank.

Industry 108

Industry Fintech FDIC Community Bank 108

CB Insights

OCTOBER 4, 2018

As the financial affiliate of Chinese e-commerce giant Alibaba Group , Ant Financial encapsulates a fintech ecosystem that starts with its dominant mobile payments service, Alipay, and expands into credit scoring, wealth management, insurance, and lending. The effects of regulation. get the entire 54-page ant financial report.

US 78

US Fintech Mobile Regulation 78

Jeff For Banks

JANUARY 24, 2015

If you look at Citigroup''s or BofA''s leverage ratio today versus 2006 or 2007, it is clear that they carry far more capital than before the financial crisis. Perhaps regulators would save banks time, resources, and money if they took the age-old parent response to why banks should carry more capital. But not why you think.

Capital 60

Capital Analysis Regulation Strategy 60

BankUnderground

OCTOBER 4, 2023

Financial crises and macroprudential policy The global financial crisis of 2007–08 highlighted major deficiencies in macrofinancial policy frameworks. The appropriate combination of tools can vary: both should tighten to counter a joint expansion of credit and activity, but move in opposite directions during an exuberance-driven credit boom.

Policies 120

Policies Tools Capital System 120

Gonzobanker

DECEMBER 17, 2021

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. Rex Johnson, Baxter Credit Union founder and former CEO – Rex was a legend in the credit union industry who will always be remembered as the “Yoda” of lending.

Fintech 143

Fintech Strategy Leadership Lending 143

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?

blockchain 52

blockchain Bitcoin Software Lending 52

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

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. This helped navigate fragmented regional regulations.

Millennials 69

Millennials Lending United States Technology 69

Fintech Labs Insights

NOVEMBER 17, 2016

based Monzo, Atom, Starling, and Tandem, P2P lending company Zopa announced yesterday it has applied for a banking license. Founded in 2005 and a pioneer in P2P lending, Zopa was the first to launch a P2P lending platform in 2007. Note that Zopa’s bank will run alongside its current P2P lending model.

Lending 12

Lending Regulation Innovation Company 12

Jeff For Banks

MAY 29, 2011

I was researching videos of positive customer experiences for another potential post when I discovered this gem from Forrester Research done in 2007. But strategy has only been around corporate America since the 1960’s, and much later in FIs because of repressive regulation. thanks Ron!). not just their borrowing needs.

Strategy 74

Strategy Customer Experience Video Boston 74

TrustBank

DECEMBER 8, 2022

By the 1990’s, improvements in technology and further changes to securities regulations made it easier for corporate customers to access financial markets directly. From Q2 of 1993 through the end of 2007, household debt as a percentage of disposable personal income climbed by 26% to13.1%. and averaged 66% over that 14-year period.

US 52

US Policies Taxes Washington 52