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Dodd/Frank-CFPB: Small Business Lending Data Collection Rule

Abrigo

You might also like this whitepaper: "Beyond PPP: Propel Growth and Profitability with Technology.". A broad small business lending data rule. The proposed small business lending data collection rule, unveiled Sept. The proposed small business lending data collection rule, unveiled Sept. Proposal Issued.

Lending 195
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Credit Card Interest Rates Rise To Near-Record Levels

PYMNTS

The average interest rates on credit cards are nearing record levels, in spite of a 50-basis-point decline on a 10-year note yield. prime lending rate, which banks charge to their best credit customers, is now at almost its lowest point ever due to Federal Reserve monetary policy. trillion since 2010. trillion since 2010.

Cards 152
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A Decade On, Lending Transformed By Crisis And Innovation

PYMNTS

And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. But a standstill in the credit markets created a vacuum for a bit, at least along traditional lending conduits. Mortgages and Credit Cards and Student Debt…. Mortgages ?

Lending 148
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Bank Of America’s Corporate Banking Lead To Depart

PYMNTS

The unit handles the bank’s corporate lending, M&A advisory services and capital raising operations. It has fallen from the number-two spot in the industry, which it held between 2010 and 2013. The bank’s current Asia-Pacific President Matthew Koder is slated to replace Meissner, according to reports.

America 135
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Today In Digital-First Banking: ClearBank Unveils Multicurrency Accounts; LoanDepot Eyes IPO

PYMNTS

has rolled out EVO Express Deposit push payments technology. LoanDepot, which was started in 2010, refers to itself as the country’s second-biggest nonbank lender. Plus, EVO Payments Inc. ClearBank Introduces Multicurrency Bank Accounts. EVO Rolls Out Express Deposit B2B Push Payments With Visa Direct. EVO Payments Inc.

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Pandemic Car Buys, Rising Interest Rates, and High Gas Prices: A World of Hurt for Lenders

Perficient

Total outstanding debt in the sector grew by $84bn to $1.46tn, outpacing the increase seen in student and credit card debts combined.” the long-term average of 3.44%), and nearly half are underwater – this marks the second-highest percentage since 2010 when delinquency rates reached 5.27% during the Great Recession.

Strategy 294
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LendingClub Settles With SEC, DOJ

PYMNTS

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. The DOJ Finding. Attorney Alex Tse. Attorney Alex Tse. “We The Response.

Lending 135