PYMNTS

JANUARY 29, 2018

The global financial crisis in 2008 was, in many ways, a catalyst to this innovation, especially in the area of small business (SMB) finance, as banks pulled their services away from SMBs and FinTechs stepped in to offer another option. despite a flurry of concerns over regulations, economic development and more.

Lending 116

Lending Florida Report Community Bank 116

PYMNTS

AUGUST 25, 2016

Though small businesses have suffered from a gap in financing availability post-2008, the demographic continues to shape the financial markets. One of these lenders, Clearinghouse Community Development Financial Institution , better known as Clearinghouse CDFI, offers an interesting view into the state of SME finance. A Regional Reach.

Regulation 100

Regulation Lending Community California 100

TheGuardian

JANUARY 15, 2023

As originally showcased in a 2012 Channel 4 series, it is the true story of how self-made Burnley businessman Dave Fishwick took on London’s elite banking institutions to get a licence to open his own bank serving the local community. Continue reading.

Lending 98

Lending Community Regulation Operations 98

CFPB Monitor

MARCH 30, 2020

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes the following key provisions that affect financial institutions and regulation of financial institutions: Section 4003 – Emergency Relief and Taxpayer Provisions. Section 4011 – Temporary Lending Limit Waiver.

Regulation 122

Regulation United States Community Bank National 122

PYMNTS

JUNE 26, 2018

The ONO focuses on small firms that have been unfairly treated by excessive regulation, like repeated audits and investigations, excessive fines or unfair activity on the part of a regulator. The SBA and AICPA have been working together since 2008, the entities noted.

Groups 101

Groups National Compliance Lending 101

NCR

MARCH 7, 2018

However, these firms have long been barred from offering full financial services in the US due to regulations mandating the separation of commerce and banking. But now one key regulator in the US has suggesting this could change. At the moment, thoughts of any changes to these regulations are still hypothetical.

Regulation 53

Regulation Retail Community Bank Community 53

PYMNTS

APRIL 24, 2017

The Dodd-Frank Wall Street and Consumer Protection Act was supposed to prevent another 2008 banking meltdown — and solve the problem of “too big to fail.” Louis Fed estimated that community banks pay an estimated $4.5 The move will reportedly reduce 40 percent of the 2,400 data points banks must provide to regulators every quarter.

St. Louis 105

St. Louis Regulation Compliance Community Bank 105

Abrigo

MARCH 6, 2015

While federal regulators only require this small number of banks to be subject to these particular stress tests, as outlined in the Dodd-Frank Act following the economic crisis of 2008, stress testing is becoming a critical part of financial institutions’ risk management strategies, regardless of their asset sizes.

Risk Management 150

Risk Management Capital Community Bank Regulation 150

Independent Banker

OCTOBER 31, 2021

The CARES Act extended the CECL implementation deadline for many larger community banks until the end of the COVID-19 pandemic. Community bankers tell us that while the extension is welcome, they’re already down the road to implementation. ICBA tells FASB CECL isn’t feasible for community banks. By Stephanie Vozza. April 2011.

Community Bank 91

Community Bank Community Software New York City 91

PYMNTS

OCTOBER 9, 2018

The alternative finance boom post-2008 financial crisis undoubtedly provided more options for small business (SMB) borrowers, but that doesn’t mean the industry is guaranteed to become a staple among entrepreneurs seeking financing. The company eventually changed those terms to satisfy officials. In the U.S.,

National 167

National Regulation Capital Industry 167

Jeff For Banks

JUNE 2, 2023

The old borrow short, lend long strategy. Second, this can be accomplished only if the industry does not have too much influence over its regulators and if the regulators have the ability to hire, train, and retain qualified staff. Third, the regulators need adequate financial resources.

FDIC 78

FDIC Community Bank Regulation Lending 78

PYMNTS

APRIL 19, 2017

When the Small Business Borrowers’ Bill of Rights was developed in 2015, it appeared as if alternative SME lenders were collectively taking a stance against predatory lending practices in an effort to protect small businesses. “Bank lending has still not recovered from 2008. Loan sizes have gone up.”.

Lending 116

Lending Resources Community Capital 116

Abrigo

AUGUST 5, 2020

Key Takeaways This recession is significantly different than the 2008 financial crisis, creating a unique credit environment for financial institutions. This recession is significantly different than the 2008 financial crisis, creating a unique credit environment for financial institutions. Learn More. Portfolio Risk & CECL.

Management 195

Management Risk Management Trends Industry 195

Jeff For Banks

JANUARY 27, 2011

I was at a strategic planning retreat a few weeks back where a colleague lauded the concept of bankers getting back to plain vanilla community banking. But if you read or watch interviews of CEOs of community FIs from 2008 forward, you will be bombarded with the message that they didn''t engage in the things that led to the collapse.

Community Bank 71

Community Bank Community Apple National 71

FICO

DECEMBER 1, 2020

Increased provisions, reduced capital, less ability to lend. All this will raise the question: Whatever capital I have got, how much can I lend to borrowers who have a low confidence on their own financial prospects, and are unsure if they should borrow or not? They can optimize the use of their capital and who they lend to.

Taxes 76

Taxes Lending Capital Regulation 76

Independent Banker

DECEMBER 29, 2015

Community bankers offer real-world reasons for more Basel III relief. Nearly one year after the Basel III capital rules went into effect, community bankers say that now recognize just how much more complex and how much more difficult this new set of capital rules will make life and business for them if they remain in place.

Community Bank 70

Community Bank Community Capital Lending 70

CFPB Monitor

JANUARY 12, 2021

The Taskforce was charged with examining the existing legal and regulatory environment for consumers and financial services providers and making recommendations to the Bureau’s leadership for improving consumer financial laws and regulations. The report consists of two volumes.

Report 78

Report Regulation Policies Compliance 78

Abrigo

MARCH 20, 2015

For the largest of American financial institutions – those that much of the public banks with for checking, mortgages and auto loans – stress testing regulations have been passed and executed to avoid a repeat of 2008. California is also a healthy state for banking – with 15 of 20 banks on the Western list in the Golden State.

Texas 150

Texas Regional California Community Bank 150

The Financial Brand

DECEMBER 1, 2021

This could be the biggest challenge since the 2008 financial crisis. Here's a sustainability crash course for banks and credit unions. The post Banks Can No Longer Ignore Climate Change (And Here’s Why) appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

Banking Trends 34

Banking Trends Analysis Course Trends 34

Jeff For Banks

APRIL 21, 2012

Since I estimate my Twitter community only reads about 10% of their tweet stream, and so many of my blog readers do not follow Twitter, below are selected quotes that I tweeted so far this year. JeffMarsico Credit Union CEO: "The differences between CUs & community banks are inflated by trade groups. We should focus on big banks."

Community Bank 71

Community Bank Community Groups Lending 71

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. If you withdraw your Ether, you get charged an interest rate determined by an open governance community. Other things like Compound are essentially a securities lending marketplace?

blockchain 52

blockchain Bitcoin Software Lending 52

Lex Sokolin

JANUARY 14, 2021

But regardless of all that, $1 trillion of value has indeed materialized and grown on blockchain-based financial networks since 2008. American financial regulation is an alphabet soup, and has grown out of politics and crises. Targeting banks and money services businesses allows for jurisdiction and regulation of the choke points (i.e.,

America 52

America Wyoming National Capital 52

Lex Sokolin

JANUARY 14, 2021

But regardless of all that, $1 trillion of value has indeed materialized and grown on blockchain-based financial networks since 2008. American financial regulation is an alphabet soup, and has grown out of politics and crises. Targeting banks and money services businesses allows for jurisdiction and regulation of the choke points (i.e.,

America 52

America Wyoming National Capital 52

Gonzobanker

SEPTEMBER 14, 2016

We consult to the mid-size and community banking space. The bank that didn’t dive into reverse swaps and other Wall Street shenanigans that caused so much pain back in 2008. Two of their biggest fears are the cost of compliance and the CFPB and other regulators overstepping their mandates.

Management 60

Management Community Bank Community US 60

Abrigo

DECEMBER 22, 2023

Abrigo's most popular risk management blogs over the last 12 months cover topics that continue to catch the attention of professionals and regulators. As regulators focus on interest rate forecasts used for interest rate risk management, remember that flattening, steepening, or inverting yield curves can influence your projections.

Risk Management 221

Risk Management Regulation Management Lending 221

Abrigo

MARCH 13, 2023

Historic collapse SVB is different from other financial institutions The FDIC closure and assumption of Silicon Valley Bank (SVB) – the largest bank failure since 2008 – is a stark reminder that when a crisis occurs, it can spread as fast as a wildfire in dry fields with a strong wind. Do you get that from your deposit analysis ?

Strategy 195

Strategy Lending Security Analysis 195

CB Insights

FEBRUARY 13, 2020

Stripe’s early success in acquiring customers was largely due to its mass appeal to the developer community. Business lending and corporate cards. This process also comes with hurdles like regulations, fees, compliance standards, and payment card issuers — all of which become increasingly complex for international transactions.

Online 98

Online Company Retail Payments 98

Abrigo

APRIL 7, 2022

At recent Abrigo CECL Kickstart webinars, consultants demonstrated CECL implementation practices with an emphasis on the needs of community banks and credit unions. Once factors like the economy, new regulations, management changes, or even natural disasters are factored in, a greater allowance may be necessary.

Policies 195

Policies Data Examples Lending 195

PYMNTS

JULY 10, 2018

’s Open Banking regulation made waves in the financial services market, and those effects have been felt far beyond the U.K.’s Today, Australian FIs are facing increased pressure from regulators, especially when it comes to small business banking and lending. ’s — and even Europe’s — borders.

Fintech 106

Fintech Regulation Innovation Data 106

Abrigo

DECEMBER 19, 2019

Due to new and emerging technologies, changing regulations, and ever-evolving customer expectations, banks and credit unions across the country are taking an assortment of different strategies to achieve their growth goals in 2020. In 2008, there were 7,061 FDIC-insured commercial banks in the U.S. Lending & Credit Risk.

Lending 195

Lending Fraud Community FDIC 195

PYMNTS

MAY 5, 2017

Although there were early inklings of the technology dating back to 1991, it wasn’t until 2008 when Satoshi Nakamoto implemented it as the base component of bitcoin currency that it really took off. IBM and Sovrin have contributed the Hyperledger software and infrastructure to the open source community. Why or why not?

blockchain 110

blockchain Bitcoin Regulation Industry 110

Lex Sokolin

SEPTEMBER 30, 2020

It does not take an army, but a community. Do we live in a world where it is good that regulators are able to punish malfeasance? Whether or not it, i.e., the regulation and its enforcement, works is a separate question. Although this did happen to Auction Rate Securities in 2008! Both are somewhat beside the point.

blockchain 52

blockchain Regulation Capital Marketing 52

CB Insights

NOVEMBER 6, 2018

But there’s a dark side to YouTube’s influencer marketing community. YouTube has recently taken a more active role in regulating influencers on its platform. Originally launched as Facebook Chat back in 2008, Facebook Messenger has evolved into a global platform of over 1B active monthly users. Source: Think with Google.

Google 72

Google Apple Industry Branding 72

Gonzobanker

DECEMBER 19, 2022

As if that wasn’t enough, regulators took a sledgehammer to debit fee income with Reg II changes that will begin reducing card-not-present interchange fees starting in July 2023. 2008 called and wants its headlines back. SoFI gets a commercial bank that brings deposits, compliance, AND business lending. Goes to Sen. Bravo April!

Community 216

Community Fintech Industry Innovation 216

South State Correspondent

JUNE 13, 2022

Instantly, the cash flow for those businesses that many community banks lent to is impacted. That is a significant change in risk for a material part of a large community bank’s balance sheet. By mid-2008, that turned into a 50% discount and then a 70% discount. In this case, the expected loss changed by 30%.

Risk Management 195

Risk Management Examples social media Management 195

PYMNTS

AUGUST 7, 2017

Calling the legislation — which put capital and other requirements in place in the aftermath of the 2008 financial crisis — “a great start,” Paul Merski, executive vice president of Congressional relations and strategy at Independent Community Bankers of America, said smaller banks will be able to increase lending activity.

Regulation 100

Regulation Taxes United States Lending 100

PYMNTS

DECEMBER 18, 2017

Following the global financial crisis and a pullback among banks from small business (SMB) lending, some jurisdictions have recently begun introducing new initiatives to entice competition in the space. When the Apple Store came out in 2008, Apple had no idea where the App Store was going,” he explained. Developers Get Involved.

Apple 112

Apple Regulation Innovation Community 112