PYMNTS

NOVEMBER 27, 2017

3 billion | Amount that Amazon Lending has lent to SMBs since the program’s launch in 2011, with borrowers primarily from the U.S., Here are the numbers: $7.9 billion | Estimated consumer spending between Thanksgiving and Black Friday sales.

Lending 100

Lending social media Data Cards 100

PYMNTS

DECEMBER 7, 2020

Social Finance (SoFi), a San Francisco-based online lending startup, is holding talks about selling to a blank-check acquisition company, Reuters reported, to help it debut on the stock market. The news reveals CEO Anthony Noto 's aspirations to go public after he succeeded SoFi Co-Founder Mike Cagney in 2018. SoFi was valued at $4.8

Report 269

Report San Francisco Lending America 269

PYMNTS

APRIL 29, 2020

The WSJ reported a 2011 audit of SBA lending found the agency’s inspector general discovered documentation deficiencies in 40 percent of the loans it reviewed resulting in “inappropriate or unsupported loan approvals.”. Verifying how SBA loans have been used in the past has posed problems for the agency.

Pennsylvania 353

Pennsylvania Illinois Comparison Lending 353

South State Correspondent

JULY 7, 2015

In fact, C&D loans were one of the major causes of bank failures from 2009 to 2011. While C&D loan volumes bolstered total loan growth, these same loans resulted in substantial detraction from risk-adjusted return on equity (ROE). Compared to their peak in 2007, current C&D loan portfolios are relatively small.

Lending 150

Lending Community Bank Community 150

PYMNTS

AUGUST 15, 2018

All that to say this has been an especially tough week for CashCall, and possibly the entire installment lending industry in the state. The plaintiffs borrowed from CashCall at rates of 96 percent or 135 percent between 2004 and 2011. The California Court Loss. There’s no bright line,” she said.

Lending 101

Lending California Marketing San Francisco 101

PYMNTS

APRIL 20, 2016

As the nation waits and drama builds over expected new guidelines from the Consumer Financial Protection Bureau on short-term lending, the government watchdog has issued a new report that indicates that the high cost of payday loans is even higher than most people think.

Study 100

Study Lending Guidelines Survey 100

PYMNTS

MAY 20, 2019

banks are seeing a deterioration in commercial lending portfolios for the first time in three years, according to a report by the Financial Times. Commercial lending has grown rapidly, and banks in the U.S. have $23 trillion in commercial loans, which is double the level from 2011 and bigger than overall bank lending growth.

US 164

US Lending America California 164

PYMNTS

JANUARY 7, 2021

Founded in 2011, SoFi has worked to leverage lending after the 2008 financial crisis, focusing on student loan refinancing. Users of Samsung’s Money by SoFi will be able to tap discounts for a variety of Samsung products, from Galaxy smartphones to washers, refrigerators and more. .

Samsung 183

Samsung Capital Lending Innovation 183

PYMNTS

JUNE 17, 2020

In addition, the total number of problem banks the FDIC was watching rose for the first time since 2011, with 54 firms in the first quarter, up from 51. Banks like Chase and Wells Fargo have set about tightening the reins on their lending practices, looking to minimize the risk during the times of economic uncertainty. Banks saw a $1.2

FDIC 203

FDIC US Lending Report 203

Abrigo

FEBRUARY 17, 2015

trillion at the end of the third quarter of 2011. Which areas of lending and what banks are driving the expansion? Agricultural lending represents two percent, and all other loan types represent the remaining 12 percent. The report notes the increased growth has “come primarily from more robust C&I and CRE lending.

St. Louis 150

St. Louis Lending Community Bank Regional 150

CFPB Monitor

FEBRUARY 10, 2020

He will also teach a course on consumer finance regulation at Georgetown’s McCourt School of Public Policy and at Harvard Law School in the next academic year.

Policies 78

Policies Course Regulation Lending 78

PYMNTS

APRIL 25, 2016

Visa is determined to make EMV faster, Starbucks wants to make getting that cuppa joe faster, too, and is crushing it with mobile order ahead and the CFPB might be moving closer to having a fast exodus of the payday lending business once its rules drop. The CFPB’s Latest Round Of Payday Lending Complaints. EMV’s Second Phase.

Lending 100

Lending Mobile Cards Fraud 100

PYMNTS

JULY 11, 2019

The tie-up with the bank is said to let Go-Jek bring SCB’s products in payments, insurance and digital lending to its apps in the months to come. It was also noted that customers, merchants and drivers will have additional access to bank products such as small business lending as well as insurance.

Lending 100

Lending Financial Technology Online Community 100

PYMNTS

DECEMBER 11, 2017

Researchers said about 72 percent of market volume in 2016 can be traced back to demand for lending options among startups and small businesses, up from 50 percent the year before. Peer-to-peer businesses lending was 2016’s largest alternative finance market segment, which saw 36 percent year-over-year growth.

Lending 109

Lending Survey Marketing Regulation 109

CFPB Monitor

OCTOBER 14, 2021

Martinez joined the Bureau in 2011 to help lead the implementation team and has since served as Senior Advisor for Supervision, Enforcement and Fair Lending, Associate Director for External Affairs, and Assistant Director for the Office of Community Affairs.

Leadership 78

Leadership Policies Lending Community 78

PYMNTS

JUNE 18, 2018

Biz2Credit’s latest Small Business Lending Index found that loan approval rates at alternative lenders stagnated – and at credit unions, they actually fell. Thirty percent of small business loan applications at big banks got approved in May, according to Biz2Credit’s latest Small Business Lending Index.

Lending 112

Lending Community Bank Regional Community 112

Jeff For Banks

AUGUST 14, 2022

The FDIC's quarterly Supervisory Insights for Summer 2011 had a list! Imagine the community bank that is experienced in lending to fuel oil businesses in or near its markets because it's comfortable using trucks, tanks, and oil inventory as collateral. Let bankers determine if lending to this industry or that is risky.

Operations 78

Operations Lending FDIC Industry 78

Abrigo

JUNE 17, 2015

Like other types of lending, banks must remain cautious to avoid too heavy of an agricultural concentration or too much lending within a certain ag segment. The challenge is that market conditions in this type of lending tend to be volatile. Without diversification, risks will be expounded.

How To 150

How To Kansas City Lending Analysis 150

PYMNTS

JUNE 29, 2016

” The bank said the charge relates to asset finance loans underwritten that did not meet Shawbrook’s lending criteria. In other words, the bank had been lending out what some reports described as “dodgy” loans. having launched in 2011 as the industry and regulators look to increase competition in the sector.

Lending 100

Lending Risk Management Meeting National 100

PYMNTS

JANUARY 7, 2021

Today, SoFi’s suite of products includes 11 different offerings including a no-fee bank and savings account, debit and credit cards, student loans, mortgages, investments, auto/life/homeowners/renters insurance, as well as lending and planning services for small businesses. The Path Of The Neobank Supermarket.

Capital 150

Capital Los Angeles Boston Lending 150

Jeff For Banks

APRIL 6, 2021

The period analyzed was immediately prior to the commencement of CFPB oversight in 2011, and afterward. The second, and presumably more actionable unintended consequence: Banks subject to CFPB oversight decreased FHA lending and replaced that activity with jumbo mortgage lending. Let that sink in a bit.

Regulation 78

Regulation Philadelphia Study Lending 78

PYMNTS

MAY 29, 2019

Over the last year, we’ve worked aggressively to grow SoFi from a desktop lending business to a broad-based, mobile-first financial platform enabling members to borrow, save, spend, invest and protect their money,” said Anthony Noto, CEO of SoFi. billion in 2018, up from under $1 billion in 2013. percent annual percentage yield.

San Francisco 116

San Francisco Capital Millennials cryptocurrency 116

PYMNTS

JANUARY 2, 2020

Southeast Asia’s digital lending market is anticipated to top $110 billion by 2025 — over four times what it is worth now. The earnings growth is the highest since the Paychex/IHS Markit Small Business Employment Watch report launched in 2011. Indonesia Likely To Implement Flat Rates For Digital Wallet Payments. percent year over year.

Fintech 133

Fintech Payments Digital Banking America 133

PYMNTS

AUGUST 14, 2017

He said during his employment from 2011 to 2013, it was nearly impossible for business owners to get out of their merchant agreement. CNN reported an ex-employee of Wells Fargo was told to target less sophisticated small businesses. “We

Cards 155

Cards Lending Meeting Report 155

PYMNTS

NOVEMBER 18, 2019

Taking the Friction out of Lending. DecisionLogic recently announced that it has surpassed 40 million customers since launching in 2011. Lenders are looking to lend money because that’s how they make money,” Evans said. They actually like spending money, so they’re looking for reasons and justifications to lend to people.”.

Analysis 102

Analysis Lending Payments Data 102

PYMNTS

MARCH 8, 2016

The bureau also released a bulletin about the marketplace lending industry and provided tips for consumers who are looking for alternative financing options. The CFPB has been accepting complaints since its inception in July 2011. The CFPB expects companies to close all but the most complicated complaints within 60 days.

Online 100

Online Lending Regulation Industry 100

PYMNTS

OCTOBER 25, 2019

Alternative small business (SMB) lending company Kabbage is entering the payments space in an effort to support small business cash flow. Since 2011, we’ve helped hundreds of thousands of small businesses access over $8 billion in funding,” said Kabbage CEO Rob Frohwein in a statement. “We Small businesses are charged 2.9

Payments 101

Payments Survey Cards Lending 101

PYMNTS

AUGUST 3, 2017

Pivotal Payments unit GlobalOnePay is partnering with InvoiceASAP to lend invoice-to-pay solutions to joint clients. The company launched in 2011, targeting businesses like contractors, plumbers and other independent companies. The offering is geared towards small- and medium-sized businesses (SMBs).

Cards 101

Cards Payments Tools America 101

CFPB Monitor

OCTOBER 29, 2020

In an internal memorandum recently circulated at the CFPB, Bryan Schneider, who leads the Bureau’s Division that houses its supervision, enforcement, and fair-lending functions, announced a major internal reorganization. When the CFPB became operational in July, 2011, Peggy was one of the first senior officers hired.

Policies 113

Policies Lending Tools Strategy 113

CFPB Monitor

JUNE 14, 2022

Servicemembers have submitted more than 250,000 complaints to the CFPB since 2011. Past reports have more broadly highlighted CFPB priorities, including military education, particular products (such as auto lending), coordination with other agencies, and military consumer research.

Report 78

Report Lending National Data 78

Abrigo

OCTOBER 30, 2015

Banks, according to Comptroller of the Currency Thomas Curry, are starting to reach for additional growth by lending to less creditworthy borrowers, a move that increases risk to the institution. One area of credit risk that is concerning to the OCC is auto lending, which has been steadily growing in recent years.

Lending 150

Lending Trends Risk Management Community Bank 150

PYMNTS

APRIL 30, 2018

Marketplace lending. The blockchain can even end world poverty and transform society by making it safer for total strangers to lend each other money — without any third-party intermediary — and without any risk. In 2011, Buffett made a $10 billion investment in the company in support of then-new CEO Ginni Rometty’s turnaround plans.

Fintech 183

Fintech blockchain Lending Digital Banking 183

PYMNTS

DECEMBER 19, 2018

Because of rising interest rates and a significantly large amount of leveraged lending, some investors are signaling that corporate ratings may not be as good as they seem. The SEC said the problems DERA faced were “generally resolved,” and that other departments pitched in to help.

Regulation 128

Regulation Data Analysis Compliance 128

Celent Banking

NOVEMBER 17, 2015

In the FinTech space, much of the focus is on consumer-oriented solutions like Mint for financial management, Venmo for P2P payments, and Prosper for social lending. Online small business lending by direct credit providers has especially taken off. Morgan Stanley reports that US small business direct lending grew to around $7.5B

Report 100

Report FDIC Lending Fintech 100

PYMNTS

JANUARY 10, 2018

Among last year’s highlights, Amazon Lending surpassed $3 billion lent to small businesses since the program started in 2011. Of the billions of dollars in orders from those businesses during 2017, more than 1 billion occurred during the holiday season. and 60 countries around the globe.

United States 109

United States Lending Community Operations 109

PYMNTS

MAY 2, 2019

“Since we launched the card in 2011, our cardmembers’ buying habits have evolved, which is why we’re evolving the card, too,” said Kunal Madhok, vice president of U.S. consumer lending and acquisition at American Express. American Express said the Blue Cash Preferred Card will still offer 6 percent cash back in U.S. gas stations.

Millennials 111

Millennials Cards Lending Industry 111

PYMNTS

APRIL 27, 2018

Among last year’s highlights, Amazon Lending surpassed loaning $3 billion to small businesses since the program started in 2011. Of the billions of dollars in orders from those businesses during 2017, more than 1 billion occurred during the holiday season. and 60 countries around the globe.

United States 101

United States Examples Apple Lending 101