PYMNTS

DECEMBER 19, 2018

securities regulator is having trouble with rating agencies because it doesn’t have the tools or specific knowledge it needs to analyze huge amounts of rating data, according to a report from Reuters. Those entities and their elevated ratings of mortgage-backed securities, analysts say, were gasoline for the U.S. housing bubble fire.

Regulation 128

Regulation Data Analysis Compliance 128

PYMNTS

MAY 30, 2018

Financing of all sorts was on the downswing, and SMB owners began dipping into their own piggy banks before seeking a lending agreement. For 40 percent, the challenges came from paying operational expenses, while 30 percent said securing credit was a pressing issue. In the 10 years following the financial crisis, the U.S.

Lending 115

Lending Community Bank Survey Community 115

Independent Banker

JUNE 30, 2022

Here, we highlight some of last year’s most successful loan producers in the areas of agriculture, commercial and consumer/mortgage lending. The score combines the average of the bank’s percentile rank for lending concentration and for loan growth over the past year in each lending category. By Ed Avis. Methodology. AGRICULTURE.

Community Bank 172

Community Bank Community National Philadelphia 172

PYMNTS

MAY 30, 2017

Small business software startup Wave announced today (Tuesday, May 30) that it secured $24 million in new funding as it looks to integrate more financial solutions into its offering. Since 2010, Wave has been an innovator in small business financial solutions,” said Wave CFO and co-founder Kirk Simpson in a statement announcing the funding.

Capital 123

Capital Software Analysis Innovation 123

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

PYMNTS

JANUARY 12, 2017

Sweden-based iZettle secured new funding from investors, reports said Wednesday (Jan. IZettle has expanded its presence across Europe and Latin America since its 2010 launch and has similarly introduced new services for its SME clients. 11), as the company looks to strengthen its position in the SME financial services space.

America 100

America Lending Cards Capital 100

PYMNTS

MARCH 2, 2018

Total venture capital across the global FinTech market between 2010 and 2017 hit a combined $97.7 Alternative Lending. alternative small business lending firm, that secured $900 million in 2017, while other alternative finance players, like LendingPoint and SoFi , landed significant investment rounds. ZenBusiness.

Fintech 118

Fintech Capital blockchain Lending 118

PYMNTS

JANUARY 14, 2021

What Upgrade is instead offering is a debit product that rewards consumers for everyday spend — actually quite generously — something almost unheard of since the passage of the Durbin Act in 2010, which more or less shuttered the notion of debit rewards. Mobile banking done better, he noted, is a big priority.

Mobile 178

Mobile Cards Security Lending 178

PYMNTS

OCTOBER 3, 2016

In 2010, Westernbank Puerto Rico, the country’s second-largest commercial bank, took a loss of more than $140 million on loans to a Florida businessman, 53-year-old Jack Kachkar, which contributed to its failure, according to the FDIC’s inspector general. In 2010, Westernbank was subsumed by the Federal Deposit Insurance Corp.

Puerto Rico 133

Puerto Rico Fraud Miami Florida 133

CFPB Monitor

JULY 6, 2020

2155, directs the CFPB to implement an exemption from the mandatory escrow account requirement for higher-priced mortgage loans (HPMLs) under the Truth in Lending Act (TILA) and Regulation Z for certain insured credit unions and insured depository institutions. The CFPB recently proposed amendments to Regulation Z pursuant to this directive.

Regulation 78

Regulation Lending Meeting Report 78

Perficient

MAY 17, 2022

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. The proportion of auto to consumer debt has hit a 10-year high, rising to 9.5%, up from 5.8% 1% of auto loans in the U.S. are behind on payments (vs.

Strategy 294

Strategy Customer Experience Study Technology 294

PYMNTS

SEPTEMBER 19, 2017

The latest report from Finastra , the FinTech conglomerate recently formed through the merger of Misys and D+H, and financial research firm Celent finds that banks are poised to see a 4 percent growth rate in corporate banking revenue through 2020, double the growth rate seen between 2010 and 2016.

Innovation 108

Innovation Survey blockchain Lending 108

Abrigo

OCTOBER 17, 2019

Excel tips blogger Debra Dalgleish on her Spreadsheet Day blog claims credit for starting the holiday in 2010 after realizing that despite plenty of other obscure holidays like Pickle Day and Pi Day, there was no designated day to celebrate Excel and other spreadsheets people use in their everyday lives. Credit Risk. Learn More.

San Antonio 150

San Antonio Analysis Study Compliance 150

PYMNTS

MAY 5, 2017

from 2008 to 2010 said in several interviews the pressure-filled sales environment led bankers in her branch to go after undocumented vineyard workers to meet the daily quota of opening eight new accounts each day. According to a report in American Banker , Guitron, who worked for Wells Fargo in St. Helena, Calif.,

Regional 119

Regional America Lending Meeting 119

Bankelele

OCTOBER 21, 2015

The total SME lending portfolio in December 2013 was estimated at Kshs. Limited Government Intervention: In 2010 The Government (though the Treasury) established a special SME scheme, called the MSE Fund, but since 2012 no new loans have been approved by the fund. 332 billion, representing 23.4% of all banks’ total loan portfolio.

Lending 28

Lending Capital Analysis Mobile 28

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

PYMNTS

APRIL 4, 2016

We examine the findings from several market reports on small business access to capital, lending, growth and employment. That figure represents a 30 percent increase in borrowing among these SMEs compared to 2010 and a 70 percent increase compared to 2006 figures. Security, as companies depend more on Big Data.

Survey 100

Survey Lending Analysis Management 100

Jeff For Banks

APRIL 14, 2022

Searching Through My Prayer List: A Memoir about Family, Career, and a Meaningful Retirement 2010 Gregory Corso Corso, Gregory The American Express 2015 Howard E. Clark Clark, Bernard F. The Last Tycoons: The Secret History of Lazard Frères & Co. 2008 Richard P. Cooley Cooley, Richard P. Covington Covington, Howard E.

America 78

America National Denver United States 78

Fintech Labs Insights

APRIL 12, 2024

I’m taking suggestions here (so far: crypto, BNPL, earned-wage access, chatbots, deposit networks).

Innovation 15

Innovation Fintech Online Mobile 15

Jeff For Banks

JUNE 2, 2023

The old borrow short, lend long strategy. Economists cite as the main culprit the collapse of the subprime mortgage market — defaults on high-risk housing loans — which led to a credit crunch in the global banking system and a precipitous drop in bank lending. To fight inflation, the Fed raised rates aggressively (familiar?).

FDIC 78

FDIC Community Bank Regulation Lending 78

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 67

Lending FDIC Regulation Regional 67

BankUnderground

JANUARY 11, 2024

In the period that we study, June 2010 to January 2014, collateral was grouped into two sets: Level A, which includes gilts, sterling Treasury bills and certain sovereign and central bank debt, and Level B, which includes less liquid sovereign debt and certain asset-backed securities.

Charlotte 61

Charlotte Study Policies Examples 61

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. Security Bank in Midland, Texas lends to business, period. i.e. true business loans.

Community Bank 60

Community Bank Lending Community Security 60

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 need to elevate their chief information security officer (CISO) role and beef up security talent … NOW!

Customer Experience 131

Customer Experience Fintech Regional Cards 131

FICO

SEPTEMBER 30, 2022

Douglas Blakey is group editor banking and payments at GlobalData and has edited Retail Banker International and Electronic Payments International since 2010. Martin Elliott has more than 18 years of lending strategy and product management experience in banking and financial services. Nikhil Behl.

Meeting 52

Meeting Analytics Management Strategy 52

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

PYMNTS

DECEMBER 5, 2016

Brian Krebs of Krebs on Security reported that the hacker believed to be behind the attack on the SFMTA was himself hacked over the weekend by an anonymous security researcher. Starting in 2010, CAN Capital began offering term loans that required borrowers to make payments daily, irrespective of whether they made sales that day.

Capital 100

Capital San Francisco Bitcoin United States 100

Jeff For Banks

DECEMBER 19, 2015

Those investors that jumped onboard at the end of 2010 were well rewarded. Investors that got in the stock at the end of 2010 were rewarded with an 862% total return. share at the end of 2010. Please do not claim to invest in any security based on what you read here. Their total return was greater than 1,000%.

North Dakota 60

North Dakota Arizona Michigan Florida 60

Jeff For Banks

DECEMBER 18, 2014

The lion''s share of their growth, profitability, and capital have come since their re-branding to Open Bank in 2010. share at the end of 2010. It also has a national platform of specialized finance units in homeowners'' associations, public finance, resort finance, and warehouse lending. BofI Holding, Inc.

North Dakota 93

North Dakota Arizona Minnesota Los Angeles 93

Jeff For Banks

MARCH 3, 2010

Alex Pollack, a resident fellow at The American Enterprise Institute, had a sobering editorial in the March 3, 2010 American Banker. These statistics ignore the amount of real estate secured bonds and government agency bonds designed to fund real estate in banks’ securities portfolio. bank consulting banks lending thrifts'

Lending 60

Lending Capital Community National 60

PYMNTS

OCTOBER 17, 2017

Square already has an SMB lending arm – Square Capital – which it operates through a deal with Utah-based Celtic Bank. That lending operation has been fairly successful for Square, and has lent out over $1.8 Perhaps Cole’s biggest concern is the precedent it would set if Square is successful at securing such a charter.

Industry 108

Industry Fintech FDIC Community Bank 108

FluentBanking

APRIL 18, 2020

Such limits may be attained in two to three years (2010, 2011 and 2012, respectively) after making the course contents, reading materials, library facilities and coaching facilities available to the candidates.

Regulation 52

Regulation Case Study Security Management 52

PYMNTS

JANUARY 11, 2017

Moving much further down the ladder, and shifting geographic focus a bit, British Business Bank said this past week that it had expanded its relationship with Funding Circle, with intent to lend a further £40 million to small businesses through that platform. By 2010, Conversica had developed AVA — the automated virtual assistant.

Capital 100

Capital US Company System 100

Fintech Labs Insights

DECEMBER 7, 2020

To qualify, a company must have been founded in 2000 or later (OK, we have a couple of 1999s too, just so we can keep PayPal on the list) and have its primary business related to financial services including banking, savings, lending, investing, insurance, wealth management, SMB accounting and payroll. April 2020 round. United States.

United States 15

United States Fintech Portland Oregon 15

BankUnderground

JULY 20, 2021

The authors show that through this channel, borrowing secured on assets can amplify the initial effects of temporary negative shocks. Duchin et al (2010) finds larger cuts in investment during the 2008 financial crisis for US firms with higher levels of short-term debt. Some open questions remain however.

Policies 101

Policies US Marketing Capital 101

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

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. I would contend that this statement is true. Community FIs, in general, did not make loans to those with little wherewithal to repay them.

Community Bank 73

Community Bank Community Apple National 73