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.

Regulation 122

Regulation United States Community Bank National 122

PYMNTS

DECEMBER 8, 2019

France, Spain and Switzerland have suffered due to Brexit, slowing economic growth, increasing regulations and the European Central Bank’s negative interest rates. million people, a fifth lower since 2008. BNP Paribas reduced its financial targets citing “extreme market conditions” and is looking to cut costs by €600 million.

Strategy 141

Strategy Regulation Regional Marketing 141

PYMNTS

NOVEMBER 16, 2017

Put a different way: If you open a country’s financial markets, will the (foreign) banks bring the capital? News came last week that China offered up plans to let outside investors into its markets — allowing for stakes big enough to take control of that country’s financial companies. Will China’s invitation get the party started?

Marketing 101

Marketing Capital Lending Course 101

PYMNTS

NOVEMBER 5, 2018

Roughly a decade on, is it time to remove some of the rules governing the financial sector that took shape in the aftermath of the Financial Crisis of 2008? The rule stipulates that companies must have liquid assets such as Treasury securities on the books so that they can raise cash with speed during times of stress. PSD2 News, Too.

Regulation 128

Regulation Guidelines New York Groups 128

BankBazaar

APRIL 19, 2023

Amid the financial uncertainties, Silicon Valley Bank (SVB) collapsed in March this year, sending shockwaves across the global financial markets. The SVB collapse marked the largest bank failure in 2008 financial. What have the regulators done? Why did US banks collapse?

US 78

US United States FDIC Regulation 78

PYMNTS

JANUARY 30, 2019

The global economy offers a wide range of opportunities for businesses to expand their reach, and promote their brands to new markets. The challenges faced by merchants, banks, FinTech firms, retailers and other players looking to expand globally are also creating a market for potential solutions to their KYC and AML needs. In the U.K.,

How To 170

How To blockchain Compliance Regional 170

PYMNTS

MARCH 27, 2019

While regulators had transparency and financial security in mind when introducing more stringent requirements for banks following the global financial crisis, financial institutions faced a sudden surge in the burden compliance. There is a silver lining, however, if financial institutions are willing to recognize it.

Compliance 116

Compliance Data Regulation Analytics 116

Jeff For Banks

JULY 8, 2017

The markets continue to roll and bond markets continue to trade in a 25 basis point range, hitting the higher end when they think the economy is strong (why else would the Fed raise rates?) trillion in 2008. trillion in Agency mortgage backed securities. Here we are in July already! I usually write with a cautious tone.

Marketing 60

Marketing Community Bank Security Data 60

Abrigo

AUGUST 30, 2022

Expanding the commercial loan portfolio in today's market With the right strategies, banks and credit unions can expand their commercial loan portfolios successfully. Takeaway 2 With high net interest margins, high real estate values, and lack of alternative markets to invest in, the time is right for commercial loans. Risk management.

Strategy 195

Strategy Lending Risk Management Analysis 195

NCR

APRIL 13, 2017

The market will be particularly active in the UK, where efforts to open up the banking system to more players are expected to bear fruit in terms of encouraging competition and innovation, with more payment services providers gaining access to key systems. million) and £4 million upfront for access to the market. million ($3.12

Marketing 72

Marketing Payments Metro System 72

Jeff For Banks

JUNE 2, 2023

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. My lesson learned to the regulators, read your past lessons learned.

FDIC 78

FDIC Community Bank Regulation Lending 78

PYMNTS

JULY 17, 2019

Historically, banks are taking a reactive approach to risk: reactionary measures were largely behind financial institutions’ pullback from the small business lending market following the 2008 global financial crisis, for example. On top of that balancing act is the rising pressure of regulatory compliance, too.

Data 130

Data Management Analytics Compliance 130

PYMNTS

MAY 31, 2019

The 2008 financial crisis gave rise to the alternative lending market as a result of a massive gap in available capital, especially for small businesses and startups. The market’s creation was a spark that ignited a slew of disruptive changes for the small business financial services space. Earlier this month, the U.S.

Lending 130

Lending Regulation Capital Industry 130

PYMNTS

APRIL 12, 2017

Regulation A+ has made a mostly quiet splash on the market. Years in the making, the regulation was born from the JOBS Act, which was signed into law in 2012, with Title IV of the act — also known as Regulation A+ — enabling average joes to invest in companies seeking capital. This is very, very new.”.

Regulation 102

Regulation Lending social media Operations 102

PYMNTS

MARCH 22, 2019

Biometric authentication capabilities built into smartphones allow users to secure the information related to these personas, too. The country’s national Aadhaar system has already issued unique 12-digit ID numbers to more than 1 billion residents since its launch in 2008, a figure that includes almost the entire Indian population.

National 150

National User Experience Cards Data 150

BankUnderground

JUNE 25, 2020

Broadly, the Bank of England receives two main types of quantitative data from regulated firms. Second, and separately, regulators also have access to more granular data on specific types of financial agreements and transactions. Central banking is also becoming more data intensive. 15 of this report ).

Data 108

Data Big Data Regulation Risk Management 108

PYMNTS

APRIL 21, 2016

The alternative finance industry boomed post-2008 financial crisis as banks retreated from small business lending. Now that the newness of alternative lending has faded, the industry is settling into the market and looking a lot less scary to traditional banks. Managing Director and Cofounder Sam Hodges in a statement.

Lending 100

Lending Industry Regulation Groups 100

Abrigo

AUGUST 6, 2019

Blanco discussed the organization’s active approach toward addressing the top financial threats to our financial system, our national security, and our communities and families. FinCEN is committed to addressing compliance failures that put our financial system and national security at risk.

System 264

System Las Vegas San Antonio San Diego 264

PYMNTS

OCTOBER 1, 2019

When the economy crashed in 2008, and fully bottomed out in June 2009 credit across the board froze. The data insights required by section 1701 of Dodd-Frank are just the kind of information regulators need to understand not just that the market is failing large classes of entrepreneurs, but exactly where and how it is failing.

Data 135

Data Lending Capital Regulation 135

FICO

JUNE 16, 2022

Prior to the 2008 global financial crisis, the average RtFG of consumer credit customers having reached charge-off was 2.5 Key Differences in Recovery and Debt Collections from 2008 to 2022. Regulation was not always focussed on driving the right customer outcomes. Collections books for many lenders reduced.

Meeting 52

Meeting Analytics Strategy Data 52

PYMNTS

FEBRUARY 4, 2019

This rapid expansion is fueling predictions that the global real-time payments market will rise from a value of $6.8 percent, according to a Markets and Markets Research report. . launched its own Faster Payments Service in 2008. bank account would be able to securely receive real-time payments by 2020. .

Payments 183

Payments System Cards Policies 183

Jeff For Banks

FEBRUARY 4, 2023

The labor market has also improved, with unemployment declining and job growth picking up. Additionally, the implementation of new policies by the government, such as changes to taxes and regulations, could also influence economic outlook. Assistance in cyber security measures, such as "Describe the 2021 Kaseya ransomware attack

United States 78

United States US Cyber Security Taxes 78

PYMNTS

APRIL 17, 2018

It is undeniable that broadly speaking, the landscape a quarter into 2018 doesn’t bear much resemblance to the crater it resembled by the end of 2008. People are buying houses such that there is now a supply shortage in the market. Today, unemployment is at a historic low of 4.1 Today, unemployment is at a historic low of 4.1

Lending 137

Lending Examples America Metro 137

PYMNTS

MAY 2, 2019

” While regulators and industry participants have raised the issue of longer payment terms for small suppliers as of late, Shanahan explained that doing so actually makes little financial sense for large companies. Of course, the reality of today’s market is far from ideal. There’s no security in the scheme.”

Payments 158

Payments Capital Strategy Company 158

FICO

MARCH 30, 2020

Across many EMEA markets, debt collection has been focussed on driving the right outcome for the customer at the outset, rather than how soon and how quickly can cash be collected. I think there are more similarities with the 2008 financial crash than we think. The global financial crises of 2008. Lessons Learned.

US 81

US Strategy Policies Data 81

FICO

MARCH 25, 2020

This approach was particularly successful for Germany during the 2008-09 crisis, resulting in Germany only seeing a 0.9% Home working has often been a restricted practice for C&R teams due to data security concerns around working with customer data. Customer Communications.

Operations 40

Operations Exercises Security Data 40

PYMNTS

JULY 28, 2016

According to the OECD (Organization for Economic Co-Operation And Development) the value of the international counterfeit good market was around $250 billion in 2007. The more pessimistic International Chamber of Commerce clocked that figure in at $650 billion in 2008 — and estimated that by 2015 that value would have swelled to $1.7

New York 100

New York National Groups System 100

BankUnderground

SEPTEMBER 8, 2022

Stress-testing models aimed at capturing tail-risk interdependence and the level of systemic risk need therefore to take these network features into account, so as to model the financial system’s stability through the lens of its market microstructure. Stochastic microstructural stress-testing models. Big granular data sets.

Capital 96

Capital System Policies Data 96

PYMNTS

OCTOBER 1, 2018

Both the Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) have officially ended a two-year investigation of LendingClub, its subsidiary LC Advisors (LCA), its founder and former CEO Renaud Laplanche and its former CFO Carrie Dolan. “As On Friday (Sept. Attorney Alex Tse. “We The Response. billion.

Lending 135

Lending Fraud Management San Francisco 135

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. This forced banks to renew their focus on middle market commercial banking and consumers. It expanded by 262% from 1990-2004 and by over 369% through 2008.

US 52

US Policies Taxes Washington 52

PYMNTS

SEPTEMBER 18, 2017

has strongly hinted that the agency she birthed in 2008 and opened for business in 2011 — the Consumer Financial Protection Bureau (CFPB) — should be given the authority to do even more. There aren’t many markets where consumers actually have little to no other choice, but this is one of them. Senator Elizabeth Warren (D – Mass.)

Report 202

Report Regulation Data Retail 202

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. They have not been distributed by fiduciaries to the mass market. Selling a diversified, cheap asset allocation as your core investment is a stable market equilibrium. Here it is. It is logic.

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. They have not been distributed by fiduciaries to the mass market. Selling a diversified, cheap asset allocation as your core investment is a stable market equilibrium. Here it is. It is logic.

America 52

America Wyoming National Capital 52

Jeff For Banks

OCTOBER 27, 2013

Throughout the summer, the great bond market selloff of 2013 continued on. Treasuries, Agencies, mortgage backed securities, corporate, municipals- all were battered because the markets believed that the Federal Reserve was about to cut the amount of, or “taper,” its $85 billion of monthly purchases of long term bonds.

Washington 79

Washington Marketing Data Regulation 79

FICO

JUNE 22, 2017

At the time, Madoff had been running an elaborate Ponzi scheme through the wealth management arm of his business that reached $65 million by the time of his arrest in 2008, deliberately hiding the money intricately within the financial system. Innovating AML tools has increasingly become a priority for banks and financial institutions.

Tools 55

Tools Compliance Innovation social media 55

CB Insights

OCTOBER 26, 2020

This regulation reduced trading profits and created a need to cut costs, spurring investment banks to spin off unprofitable divisions or eliminate them entirely. And across equity research and sales & trading, poor performances and new regulations have led to widespread layoffs as banks have figured out they can do more with less.

Management 78

Management Capital Company Marketing 78

Lex Sokolin

DECEMBER 25, 2019

Other things like Compound are essentially a securities lending marketplace?—?you you get paid some market-clearing interest rate to loan out assets like Bitcoin, which someone is borrowing for a trading or hedging purpose. Nothing like some good old financial engineering to lever up a small market!

blockchain 52

blockchain Bitcoin Software Lending 52