CFPB Monitor

AUGUST 1, 2022

The CFPB announced last week that it has entered into a settlement with Hyundai Capital America (Hyundai) to resolve alleged violations of the Fair Credit Reporting Act and Regulation V arising from Hyundai’s reporting of information on vehicle retail installment contracts and leases to consumer reporting agencies (CRAs) from 2016 to 2020.

Policies 78

Policies Report System Regulation 78

Abrigo

APRIL 7, 2022

Instead, remember that if your institution’s process is reasonable, defensible, and based on accurate and available data , compliance will not be an issue. Once factors like the economy, new regulations, management changes, or even natural disasters are factored in, a greater allowance may be necessary. Stay on track with CECL.

Policies 195

Policies Data Examples Lending 195

PYMNTS

MAY 6, 2019

And, in light of that, anything that even remotely smacks of crypto could seem a little tone-deaf, especially to the regulators, since no one but people in the Valley really get its value. Besides, it will give them air cover if the regulated, compliant and trusted rails invest in Project Libra. But not their money.

Innovation 209

Innovation blockchain Payments cryptocurrency 209

PYMNTS

OCTOBER 1, 2018

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. In 2010, LendingClub added to its war chest with a $24.5 The DOJ Finding.

Lending 135

Lending Fraud Management San Francisco 135

Independent Banker

FEBRUARY 24, 2016

The quickness with which these Wall Street-driven nonbank lenders—variously called peer-to-peer, online marketplace or financial technology (FinTech) lenders—can fulfill borrowers’ requests has enabled alternative lending to double every year since 2010. FDIC-insured deposits largely solve this problem for banks.

Community Bank 70

Community Bank Community Lending FDIC 70

Jeff For Banks

JUNE 24, 2010

As I understand it, government officials (excluding regulators) want banks to lend, banks have the cash to lend, bankers are hesitant to lend, and regulators would just as soon have you hire another compliance officer and purchase a U.S. of total assets at March 31, 2010 (see link below). Are these more reliable?

Lending 65

Lending FDIC Regulation Regional 65

Independent Banker

DECEMBER 29, 2015

Although the scale of online marketplace lending is small compared to that of mainstream banks, this lending niche of so-called FinTech firms has been doubling in size annually since 2010, according to a Morgan Stanley study. capital policy. Lack of regulation. In September, ICBA filed a comment letter with U.S.

San Francisco 70

San Francisco Lending New York City Online 70

Independent Banker

FEBRUARY 16, 2015

Sherrod Brown (D-Ohio) appears before ICBA community bankers in 2013 to explain ICBA-backed legislation he co-sponsored that would have increased minimum capital requirements on the country’s very largest banks, as well as provided important regulatory relief for community banks. Richard Shelby (R-Ala.) David Vitter (R-La.)

Community Bank 70

Community Bank Alabama Ohio Community 70

CB Insights

FEBRUARY 13, 2020

This growth has created major opportunities in the payments space, and companies like Stripe — the payments unicorn valued at a masive $35B — are hungry to capitalize on them. These APIs handle everything from acceptance and processing to settlement and reconciliation, while ensuring compliance and security.

Online 98

Online Company Retail Payments 98

MyBankTracker

JULY 21, 2020

Look: The global regulations aren’t fun to deal with, but understandably, an investment firm wants to make sure that they aren’t, say, helping a money launderer become wealthy. Capital gains. citizen, you also might be able to avoid capital gains taxes , which American investors often complain about. stock market.

Taxes 52

Taxes United States America Course 52

PYMNTS

OCTOBER 21, 2019

We’ve watched the payments industry address changes in customer behavior, shifts in compliance rules (GDPR, UBO, CCPA, EMV), the introduction of cryptocurrencies and the race to move money faster. Financial services players succumb to that temptation less often because they are (rightly so) highly regulated from the get-go, he explained.

Innovation 131

Innovation Payments Apple Mobile 131

Tomorrow's Transactions

JULY 13, 2016

On 20 October 2010, the Directorate General of Civil Aviation (DGCA) suspended its licence to fly. The more cynical among you might just note this as another example the subverted corporatist version of capitalism that we are familiar with today, where profits are privatised and losses are socialised, and put it to one side.

blockchain 30

blockchain Examples Guidelines System 30

CB Insights

MAY 23, 2019

Zenefits skirts compliance regulations. Crescent Ridge Capital Partners’ elaborate Ponzi scheme. Zenefits skirts compliance regulations. In addition, regulators claimed that as many as 80% of insurance plans sold in Washington state by Zenefits reps were sold illegally by unlicensed brokers.

Fraud 78

Fraud Las Vegas Company Video 78

Gonzobanker

AUGUST 22, 2014

Between the end of 2010 and 2013, one new bank opened in the United States. . While we may see an uptick in the number of new bank charters from the near zero we have today, too many other industries with less regulation will attract capital. At the same time, the pace of new bank charters has dwindled to near non-existence.

Strategy 87

Strategy United States Community New York City 87

CB Insights

SEPTEMBER 10, 2018

The FDA is focused on clearly defining and regulating “software-as-a-medical-device,” especially in the light of recent rapid advances in AI. With $72M in funding and investors like Sequoia Capital China, Infervision is the most well-funded Chinese startup focused exclusively on AI solutions for the healthcare industry.

Industry 28

Industry Trends Apple Study 28

CB Insights

JUNE 11, 2018

In recent months, the Chinese government has increasingly eased regulations on autonomous vehicles in a number of cities to accelerate the path to commercialization. Google left China in 2010 after facing issues with China’s censorship rules. . The China advantage. Competition rising on the domestic front.

Google 71

Google Industry Software Data 71