Celent Banking
NOVEMBER 17, 2015
Let’s take a look at data compiled by the FDIC starting in 2010. The total dollar value of small business loans outstanding dipped slightly in 2011 and 2012, reflecting slightly smaller loan amounts, a result of tighter lending standards. And that common wisdom that US banks have pulled back from small business lending?
Jeff For Banks
OCTOBER 29, 2016
But allowing branches to operate at losses takes resources away from areas that need immediate resources, such as technology acquisition and deployment. deposit market share in 2012 to a 80.7% So they worry about other things that go beyond the fact that their branch in that market has little chance of being profitable.
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PYMNTS
AUGUST 17, 2017
Chase, Wells Fargo, Bank of America and Citi, to name a few, all scaled back their physical bank branch locations between 2012 and 2016, according to the Federal Deposit Insurance Corporation (FDIC). For traditional banks, the largest impact of mobile and digital technology has been how it has shifted consumer expectations. “As
Fintech Labs Insights
APRIL 17, 2017
Today we’re taking a closer look at one of those categories, real estate investment technology, and 14 startups in that sector. Investor funds are held in an Investors Trust Account with City National Bank and in the event of default, the funds are FDIC insured up to $250,000. CK Mack ( FF 2012 demo ). Cash flow share.
Abrigo
JANUARY 29, 2020
Key Takeaways The FDIC issued an advisory to FIs encouraging safe and sound lending practices in today's ag lending environment. Technology has been a key resource for both ag borrowers and ag lenders seeking efficiency, growth, and profitability. Leverage technology to mitigate risk and gain efficiency. Learn More.
Fintech Labs Insights
NOVEMBER 10, 2023
7,270 $4,100 4 Revolut 3004 2015 London 11,460,000 $1,700 5 Chime 2727 2012 SF 10,710,000 2.6 2 $520 12 Acorns 613 2012 LA 2,170,000 2.3 7,270 $4,100 4 Revolut 3004 2015 London 11,460,000 $1,700 5 Chime 2727 2012 SF 10,710,000 2.6 2 $520 12 Acorns 613 2012 LA 2,170,000 2.3 8,860 $2,300 6 Upgrade 1426 2016 SF 3,013,000 4.5
PYMNTS
OCTOBER 1, 2018
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. lending marketplace.
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