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Mastercard CFO Retiring; Sachin Mehra To Take On Role

PYMNTS

Sachin Mehra, Mastercard’s current chief financial operations officer, will succeed Hund-Mejean as CFO on April 1, reporting to Mastercard President and Chief Executive Officer Ajay Banga. In a press release , Mastercard said that after more than a decade as CFO Martina Hund-Mejean will retire in the spring.

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Solve This Problem with Your Strategic Horizon

South State Correspondent

Risk management also needs to change. Finding your bank tied to a rural area that is decreasing in size and profitable demographics is your bigger risk. Strategy Is About Choices – Blockbuster If your strategic plan operates under the common theory “more but better,” then you likely have more strategic risk than you know.

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

Perficient

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. We believe now is the perfect time for auto lenders to address their debt collection operations. 1% of auto loans in the U.S. are behind on payments (vs.

Strategy 294
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Preparing for Section 1071

Abrigo

Takeaway 3 Financial institutions should consider the impact of this rule and prepare for changes to their business operations. Online lenders, platform lenders, and fintechs should also consider sending feedback to the CFPB and considering the ways their operations might be affected. Credit Risk Management. CRE Lending.

Lending 195
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Dodd/Frank-CFPB: Small Business Lending Data Collection Rule

Abrigo

The new rule stems from section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank). Possible operating changes In addition, some lenders will need operating changes, such as with their application process. public utilities credit. securities credit. incidental credit.

Lending 195
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Dodd-Frank and Durbin: Were They ‘Trumped Up?’

Gonzobanker

Most admit that it forced them to address portfolio data aggregation and reporting challenges, resulting in improved risk management capabilities. Study data illustrates how banks’ interchange income and enterprise risk management/compliance costs have been impacted since DFA/Durbin’s enactment in 2010.

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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. In 2010, LendingClub added to its war chest with a $24.5 The DOJ Finding.

Lending 135