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. In 2010, LendingClub added to its war chest with a $24.5 lending marketplace.

Lending 135

Lending Fraud Management San Francisco 135

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

Independent Banker

FEBRUARY 24, 2016

Community banks cannot afford to ignore the staggering pace of lending adoption by both individuals and businesses using digital-only platforms from various nonbank technology-based specialty lending firms. Competing and beating FinTech’s digital-platform lenders. By Jonathan Rowe.

Community Bank 70

Community Bank Community Lending FDIC 70

Jeff For Banks

JUNE 24, 2010

Economists and government officials continue to cite lack of lending activity as a key contributor to our economic malaise. Much of the standoff revolves around real estate secured lending. This preference resulted in real estate assets (including mortgage-backed securities) representing 44.1% Would your bank lend to Ted?

Lending 66

Lending FDIC Regulation Regional 66

Gonzobanker

JANUARY 17, 2020

In the years 2010-2020, new tech adoption transformed customer expectations. For execs who climbed the ladder in finance, lending or branches, buckle in because the techies are about to steal the show. Banks are most afraid of big tech, just when these players face regulation. We are entering the “tech decade” in banking.

Customer Experience 127

Customer Experience Fintech Regional Cards 127

PYMNTS

OCTOBER 17, 2017

An industrial bank is an FDIC-insured depository institution that is generally subject to the same banking laws and regulations as any other bank charter type, with the important exception of the Bank Holding Act of 1956. Square already has an SMB lending arm – Square Capital – which it operates through a deal with Utah-based Celtic Bank.

Industry 108

Industry Fintech FDIC Community Bank 108

Abrigo

SEPTEMBER 20, 2021

Data collection for small business lenders Financial institutions, fintech companies, and other small business lenders will need to begin collecting a wide array of small business lending data under the Consumer Financial Protection Board’s (CFPB) proposed small business lending data collection rule. securities credit.

Lending 195

Lending Data Compliance Regulation 195

Jeff For Banks

JANUARY 27, 2011

They mostly meant sub-prime residential mortgage lending. In 2010, Mac-related sales represented a paltry 20% of total sales. Below is their segment reporting from 2001 and 2010. They point to Commerce''s demise, having to sell to TD Bank to get out from under regulator scrutiny. They would probably be out of business.

Community Bank 71

Community Bank Community Apple National 71

Abrigo

SEPTEMBER 14, 2022

Financial institutions, fintech companies, and other small business lenders will need to begin collecting a wide array of small business lending data under the Consumer Financial Protection Board’s (CFPB) proposed small business lending data collection rule. Those implementing regulations were coming. A Decade in the Making.

Lending 195

Lending Data Regulation Community 195

CB Insights

FEBRUARY 13, 2020

Brothers Patrick and John Collison founded Stripe in 2010 in an attempt to gain share in online payments, a then-nascent market with seemingly boundless growth opportunity. These APIs handle everything from acceptance and processing to settlement and reconciliation, while ensuring compliance and security. Fraud prevention tools.

Online 98

Online Company Retail Payments 98

Jeff For Banks

OCTOBER 19, 2012

First of all, if they continue to buy securities, they are removing many of the high quality securities from the marketplace, possibly causing a disruption or shortage in the markets. trillion of securities amassed during QE1 and QE2. I know I risk sounding like Charles Plosser, but so be it.

National 79

National Security US Massachusetts 79

PYMNTS

OCTOBER 21, 2019

In November 2010, AT&T, T-Mobile and Verizon Wireless announced that they had joined forces to build a “transformative” mobile commerce network for their collective 200 million or so subscribers to compete with Visa, Mastercard and American Express. When most people asked “what’s next?”

Innovation 131

Innovation Payments Apple Mobile 131

Independent Banker

MARCH 15, 2015

Thoughtful lending and an open mind keep profits strong for incoming ICBA chairman Jack Hartings. in Coldwater, Ohio, and ICBA’s incoming chairman, held fast to his community bank’s conservative lending practices. To combat the decline in the bank’s loan-to-deposit ratio, Hartings actively sought out new opportunities in lending.

Ohio 70

Ohio Community Bank Community Lending 70

Jeff For Banks

SEPTEMBER 13, 2011

ESB does traditional mortgage lending, with some commercial real estate too, funded by retail deposits with a heavy dose of CDs. The CEO describes their success in the 2010 annual report as follows: "Throughout our 95-year history, ESB has continually and successfully responded to change. ESB operates like many other thrifts.

Arkansas 66

Arkansas Charlotte Pennsylvania Management 66

Perficient

MAY 17, 2022

In today’s mixed up, muddled up, shook up world, a business model that encourages — and even desires — some level of repossession can provide substantial profits to the lender (depending on state regulations). Currently, lenders can typically get more money from the sale of a repossessed vehicle at auction than is owed by the borrower.

Strategy 294

Strategy Customer Experience Study Technology 294

Abrigo

APRIL 7, 2022

Perhaps the most significant practical impact of SCALE is that by introducing it, regulators have clarified that financial institutions have the space to bring in external information like peer information for their computational estimates. It can be challenging to model forecasts for institutions with small lending footprints.

Policies 195

Policies Data Examples Lending 195

PYMNTS

JANUARY 31, 2019

DLA Piper , which advised MOXY on its FDIC application, said in a statement this week that the bank is still awaiting clearance from Washington’s Department of Insurance, Securities and Banking. The FDIC’s announcement said a private placement offering will raise at least $25 million for the bank ahead of its launch.

Community Bank 122

Community Bank Community FDIC Marketing 122

CFPB Monitor

MAY 4, 2021

With regard to the prohibition against unfair, deceptive or abusive acts or practices under the CFPA, the CFPB simply states that the asserted violations of the MAP rule and the Regulation Z advertising requirements also violate such prohibition.

Taxes 78

Taxes District of Columbia Regulation Payments 78

Tomorrow's Transactions

JULY 13, 2016

On 20 October 2010, the Directorate General of Civil Aviation (DGCA) suspended its licence to fly. There’s a permissioned shared ledger that is maintained by, amongst others, the airline itself, the 17 creditor banks and the airline industry regulator. A first glance a normal, run of the mill corporate failure….

blockchain 30

blockchain Examples Guidelines System 30

CB Insights

MAY 23, 2019

Zenefits skirts compliance regulations. After a comprehensive investigation by the Securities and Exchange Commission, Holmes was banned from the laboratory testing industry for two years and was ultimately charged with wire fraud by the Department of Justice in summer 2018. Zenefits skirts compliance regulations. The Outcome.

Fraud 78

Fraud Las Vegas Company Video 78

PYMNTS

AUGUST 6, 2018

The report urged regulation that would standardize efforts across these tech upstarts, with an eye on new services and the way data is collected and stored. As reported, financing FinTechs has been enthusiastic, touching $22 billion in 2017 — up 13 times from 2010. Faster Payments, and Lending, Too.

Regulation 100

Regulation Fintech Data Course 100

PYMNTS

SEPTEMBER 13, 2018

We’re looking backwards after some banking regulations were eased this past year – surely you know of Dodd-Frank – and from this vantage point, one might wonder how we got here. And, of course, here in the States, regulation writ large has helped transform banking. Business is no different – specifically in this case, banking.

Course 108

Course Capital Regulation System 108

PYMNTS

SEPTEMBER 13, 2018

We’re looking backwards after some banking regulations were eased this past year – surely you know of Dodd-Frank – and from this vantage point, one might wonder how we got here. And, of course, here in the States, regulation writ large has helped transform banking. Business is no different – specifically in this case, banking.

Course 100

Course Capital Regulation System 100

PYMNTS

FEBRUARY 26, 2018

Dodd-Frank , the controversial 2010 legislation that came in the wake of the financial crisis that was in the crosshairs of the Trump administration from the start, seems to be resting a bit easy at the moment – but perhaps just for the moment. . Talk of regulatory reform is normal discourse on the Hill.

Regulation 101

Regulation Bitcoin Innovation Fintech 101

CB Insights

NOVEMBER 9, 2017

The startup, which was established in 2008, privately raised $185 million before its $100 million initial public offering was blocked by the Australian Securities Exchange last year. So its secured lender, which [founder Scott] Jones didn’t name, recently emptied ChaCha’s bank accounts. via Business Insider. via SFGate.

Capital 78

Capital Company San Francisco Operations 78

CB Insights

FEBRUARY 16, 2021

Among plenty of emerging use cases, the technology aims to create a new and improved payments system for the world — one that’s secure, transparent, decentralized, fast, and uses cryptocurrencies (types of digital cash) as a means of exchange. In 2010, for example, a programmer purchased pizza for 10,000 bitcoin (~$30). Source: Quartz.

cryptocurrency 101

cryptocurrency Bitcoin Examples blockchain 101

CB Insights

OCTOBER 31, 2017

BTCjam, a P2P marketplace launched in 2012 to borrow and lend using bitcoin, announced the company has made “the difficult decision” to close up shop, according to multiple news sources. -Kyle Hill, HomeCare CEO. Title: BTCjam Sets Closing Date. Users May Withdraw Stored Bitcoin until July. Product: BTCJam. Product: Quidsi.

Company 78

Company US San Francisco Capital 78

PYMNTS

JANUARY 18, 2021

Gary Gensler, former head of the Commodity Futures Trading Commission under President Barack Obama, is expected to be appointed to be the commissioner of the Security and Exchange Commission (SEC), the sources told WSJ. He and Elizabeth Warren, not a senator then, established the CFPB in 2010 following the 2008 financial crisis.

Training 165

Training Policies Lending Regulation 165

FICO

JULY 17, 2017

In June, the House adopted, along a party line vote, the Choice Act, which aims to make broad changes to the 2010 Dodd-Frank statute. Similar efforts, further crowding the legislative calendar, may be pursued if the CFPB moves forward with issuing its final small-dollar lending regulation. So where does that leave us?

US 40

US Leadership Regulation Policies 40