PYMNTS

OCTOBER 1, 2019

When the economy crashed in 2008, and fully bottomed out in June 2009 credit across the board froze. While other forms of credit were showing signs of returned in 2014, SMB lending still trailed its 2007 peak by 17 percent. The good news is that the bad news wasn’t worse news — the economy recovered, albeit unevenly and slowly.

Data 135

Data Lending Capital Regulation 135

PYMNTS

OCTOBER 1, 2018

By using funds managed by LCA to benefit its parent company, LCA and Laplanche failed to do so.”. Last week’s announcements capped off two years of investigation into the P2P lending firm, and its board has expressed some relief that it seems to be time to turn the page on the events of 2016. The DOJ Finding. Attorney Alex Tse. “We

Lending 135

Lending Fraud Management San Francisco 135

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

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.

Lending 60

Lending Regulation Community Community Bank 60

CFPB Monitor

SEPTEMBER 24, 2020

ITT”) story was written last week with the CFPB’s announcement that it entered into a stipulated settlement with PEAKS Trust 2009-1 (“PEAKS”), a special purpose entity created in 2009 to purchase, own, and manage certain private student loans with students enrolled at ITT.

Management 78

Management Lending Report Company 78

Abrigo

FEBRUARY 9, 2016

Internal challenges Top management will be familiar with many of the internal challenges. As the market has shifted from 2009, almost every bank wants to grow, and they are receiving pressure to do that,” says Peter Brown, director of strategy and operations for the financial institutions division at Sageworks.

Compliance 150

Compliance Lending System Data 150

Bank Innovation

FEBRUARY 28, 2017

Bank Innovation today released a beta of its relaunch, the most significant rebuilding of the site since its start in 2009. Let us know what you think of the rebuilt site by emailing info@bankinnovation.net.

Innovation 150

Innovation US social media Operations 150

PYMNTS

AUGUST 30, 2017

“Even with this number moving upward, the data is showing a decrease of delinquencies, which means that consumers are managing their loan payments better than they have in the past. percent since 2009, noted Experian. A student loan is an investment that can benefit someone for a lifetime. per person. but that has increased to 3.7

Analytics 112

Analytics Lending National Management 112

Celent Banking

JUNE 12, 2015

Jim covers core systems modernization, the impact of cloud computing, and treasury management technology. My coverage will be focused on the technology impacts of meeting the financial management needs of business customers, ranging from global multinational corporates to small businesses. Transaction Banking Revenue and Deposits.

Lending 100

Lending Trends Meeting Banking Trends 100

PYMNTS

JUNE 28, 2016

Scott and the management team have demonstrated they can lead LendingClub through this turbulent time,” Hans Morris, who was named the company’s chairman, said in the statement. The first was on the valuation of assets in six private funds, and the other was tied to loans made in 2009 to the former CEO and three of his family members.

Lending 101

Lending Maine Meeting Management 101

Bank Innovation

MARCH 6, 2017

Today, Bank Innovation releases its most significant redesign and relaunch since the site initially dropped online in 2009. We hope you love the new Bank Innovation. When we started Bank Innovation, while the crosswinds of the credit crisis were still swirling, we were the lone voice for innovation at banks.

Innovation 150

Innovation Online social media Operations 150

Bank Innovation

FEBRUARY 28, 2017

We have undertaken our most significant redesign and relaunch since Bank Innovation initially dropped online in 2009. This beta officially kicks off today and marks a new chapter in the life of Bank Innovation. We hope you love it. When we started Bank Innovation, while the crosswinds of the credit crisis were still swirling, we […].

Innovation 150

Innovation Online social media Operations 150

PYMNTS

AUGUST 30, 2017

While the homeowner was initially told that Wells Fargo would pay to extend the home interest rate lock, a regional manager reversed that decision, according to court documents. Truth in Lending Act. Real Estate Settlement Procedures Act and the U.S. Fees would then amount to between 0.125 percent to 0.25

San Francisco 121

San Francisco Nevada Regional Analysis 121

PYMNTS

JULY 25, 2017

But, Passione noted, many of the players who are taking a pass on offering student lending and other forms of personal loans often aren’t doing so for lack of interest — but lack of ability via smart technology. Lending-as-a-Service. By offering a white label lending service, we are making those connections possible.”.

Lending 100

Lending Community Bank Millennials Community 100

Abrigo

MARCH 6, 2015

The reports were positive: all 31 stressed banks “passed,” showing that they are stronger than they have been at any time since the tests began in 2009, the Fed reported. Stress testing is a critical risk management technique that deserves bolstering.

Risk Management 150

Risk Management Capital Community Bank Regulation 150

PYMNTS

OCTOBER 20, 2018

On this day in history in the year 2009, the world of payments and commerce was changed forever. No, we’re not talking about the launch of Square – that was in February of 2009. True in 2009. If this person can’t afford this, we won’t lend. The skies parted, the Earth shook and the song of angels was heard from on high.

Innovation 177

Innovation Payments Cards Retail 177

FICO

OCTOBER 19, 2022

FICO recently released its second set of FICO® Resilience Index benchmarking reports, revealing interesting insights and trends about lending portfolio resilience over time. In contrast, both new and existing borrowers in 2013 had historically low sensitivity levels, following years of conservative post-recession lending and borrowing.

Lending 52

Lending Industry Trends Management 52

BankUnderground

NOVEMBER 30, 2021

In our paper , we use balance sheet data for 118 UK banks to empirically investigate whether the asset compositions of banks involved in the UK QE operations reacted differently in comparison to banks not involved in the initial rounds of QE between March 2009 and July 2012. QE and bank lending. QE and central bank reserves.

Lending 75

Lending Capital Groups Policies 75

PYMNTS

APRIL 11, 2018

Blue Suit would listen to the customer’s pitch and decide whether to lend that person money. Thus, in 2009, ZestFinance was born. If they can’t, then financial service management teams would be foolhardy to sign on for such an unknown risk, Merrill said. It was, says ZestFinance founder and CEO Douglas Merrill , always a man.

Lending 100

Lending Regulation Google Risk Management 100

FICO

DECEMBER 8, 2022

If we think of a lending portfolio as an exclusive night club, its underwriting policy acts as the doorperson, checking IDs and making sure anyone trying to enter meets minimum acceptance criteria. Traditional underwriting risk management strategy approach in stressed versus unstressed economy. Senior Director, Scores.

Risk Management 52

Risk Management Strategy Management Meeting 52

PYMNTS

JUNE 5, 2019

The real trick is to tie engaging consumer experiences to those cards, which is critical, as prepaid and reloadable cards continue to evolve — moving from plastic cards to mobile accounts that can adapt to an expanding portfolio of use cases, including payroll, online gambling or even consumer and business lending. Step back a bit first.

Cards 158

Cards Las Vegas Innovation Mobile 158

Celent Banking

AUGUST 21, 2014

Nudge: Improving Decisions about Health, Wealth, and Happiness , Thaler and Sunstein, 2009. Predictably Irrational: The Hidden Forces that Shape our Decisions, Ariely, 2009. and yet customers typically think that most of these functions should be free (on the deposit side) or should cost less than they do (lending).

Course 178

Course Miami Examples Lending 178

Abrigo

APRIL 14, 2020

Managing through uncertainty. It is no secret that we are all trying to cope with and manage through the uncertainty due to the coronavirus and the health and economic impacts of COVID 19. During the crisis in 2009, the banking system saw shockwaves hit, causing a number of bank closures. Lending & Credit Risk.

Community 195

Community Lending Meeting Marketing 195

PYMNTS

JANUARY 16, 2019

This isn’t 2008 or 2009, when consumers were having a hard time paying their bills and small business owners were trying to keep the lights on. But, according to Patrick, “most individuals and small businesses continue to struggle with short-term cash flow management,” adding that four out of 10 consumers have such problems.

Lending 139

Lending Training Technology Analysis 139

Fintech Labs Insights

APRIL 27, 2016

This week, small business lender Mayava Capital honored the most influential people in small business lending in its Marketplace Lending Power 20 awards. The recipients in order of rank: Lending Club CEO & Founder, Renaud Laplanche. FinovateSpring 2009 demo. Prosper’s FinovateSpring 2009 demo.

Lending 12

Lending San Francisco Utah Capital 12

Jeff For Banks

FEBRUARY 19, 2012

In many strategy sessions, senior management teams began to feel pretty good about their efforts in attracting core deposits, and how they are beating the big banks in deposit gathering. But the chart below from recent Small Business Administration research, although using 2009 data, demonstrates a trend worth noting. Not so fast.

Community Bank 100

Community Bank Community Industry Strategy 100

Jeff For Banks

JUNE 2, 2023

The old borrow short, lend long strategy. To you, manage your interest rate risk. The Great Recession, in contrast to the relatively short dot-com bubble recession, officially lasted from December 2007 to June 2009, the longest recession since the Great Depression. What caused it?

FDIC 78

FDIC Community Bank Regulation Lending 78

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) (..)

Innovation 15

Innovation Fintech Online Mobile 15

Independent Banker

FEBRUARY 25, 2015

Coping just fine, community banks in energy-producing regions manage the oil-price plunge. Crude oil prices have dropped more than 50 percent from last July to this January, and they haven’t hovered this low since 2009. Happy State Bank’s 32 offices are spaced over 500 miles, giving the bank’s lending portfolio geographic diversity.

North Dakota 70

North Dakota Texas Louisiana Community Bank 70

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. their yield on loans in 2009 was 12.19%.

Community Bank 60

Community Bank Community Baltimore Lending 60

PYMNTS

JANUARY 30, 2019

In one case reviewed by the publication, small industrial warehousing company Oliver Morley Estates, which is currently pursuing legal action against RBS, claims that GRG relationship managers denied a refinancing proposal to rescue the business because the APA blocked the action — despite RBS’s preference to move forward with the initiative.

Report 116

Report Regulation Groups Conference 116

Jeff For Banks

OCTOBER 15, 2021

Retiree: That's Not So Funny To the retiree that prefers the safe haven of FDIC insured deposits held at the local bank that lends it out locally, this is a serious issue. Heck, maybe there'll be a reassessment and your real estate taxes will go down. Taxes go down? I made a funny. Eleven basis points difference to the peer median.

Taxes 78

Taxes FDIC Guidelines Policies 78

Fintech Labs Insights

FEBRUARY 27, 2017

P2P lending giant Prosper announced a deal in which a group of institutional investors has agreed to purchase up to $5 billion in loans on the San Francisco-based company’s platform over the next 24 months. Jefferies Group and Third Point, and an entity of which Soros Fund Management serves as principal investment manager.

Lending 12

Lending San Francisco Groups Capital 12

FICO

JANUARY 8, 2021

For FICO, customer development means working with customers through all the stages of the lifecycle – from marketing to originations to customer management. To be clear, this is not only about efficiency in lending. Value of Customer-Level Management. Here are our top 5 posts from 2020. #1.

Analytics 52

Analytics Analysis Lending Management 52

Let's Talk Payments

SEPTEMBER 14, 2016

Embracing the Southeast Asian digital revolution in financial technology, FinTech seems to be exploding with quite a lot of startups having been established from 2009 onwards. The breadth and depth.

Fintech 40

Fintech Innovation Financial Technology Technology 40

CFPB Monitor

SEPTEMBER 25, 2015

The joint complaint filed by the CFPB and DOJ in federal district court in New Jersey states that the action resulted from a joint investigation by the agencies of the bank’s lending practices following the CFPB’s referral of the bank to the DOJ pursuant to the ECOA. The proposed consent order requires the bank to pay a $5.5

NJ 60

NJ New Jersey New York Philadelphia 60

Jeff For Banks

SEPTEMBER 13, 2015

He joined COB's board in 2009 after its $310 million recapitalization which was needed from a disastrous slew of losses incurred starting in 2008 as a result of awful credit decisions, leading to a 21% NPA/Asset ratio peak in 2010. Prior to BofI, he was an investment banker, management consultant, and attorney to the banking industry.

Community Bank 60

Community Bank Lending Community Security 60