CFPB Monitor

AUGUST 29, 2016

According to the CFPB, its enforcement action represents “the eighth action the Bureau has taken in coordination with another regulator to address illegal practices with respect to credit card add-on products and the 12th action the Bureau has taken in total to address these practices.”

Cards 84

Cards Omaha Policies Compliance 84

Jeff For Banks

OCTOBER 29, 2016

I recently spoke at a Financial Managers' Society (FMS) breakfast meeting on this subject and thought I would share my comments with you. I recently mentioned to a community bank management team that community financial institutions are slower to close branches because their decision making goes beyond the spreadsheet and market potential.

Training 60

Training FDIC Community Resources 60

FICO

DECEMBER 4, 2019

The last time the 2-cycle average balance was higher than September 2019 was September 2012, when they were still coming down off the peak in 2010. This has partially been driven by the Persistent Debt regulations introduced in September 2018. Source: FICO Benchmark Reporting Service Accounts.

Trends 52

Trends Cards Customer Experience Regulation 52

PYMNTS

OCTOBER 1, 2018

By using funds managed by LCA to benefit its parent company, LCA and Laplanche failed to do so.”. We have full confidence in our new management team and we are a better company today.”. By 2012, LendingClub announced it had underwritten $1 billion in loans on its platform and was cash flow positive. lending marketplace.

Lending 135

Lending Fraud Management San Francisco 135

Jeff For Banks

OCTOBER 19, 2012

And don’t forget that they are still finishing the $667 billion Operation Twist Program by year end 2012, where they sell shorter maturities and buy longer term ones to push interest rates lower. I know I risk sounding like Charles Plosser, but so be it. in the second quarter of 2012. We should all be so lucky.

National 79

National Security US Massachusetts 79

Jeff For Banks

JANUARY 12, 2012

Before looking ahead to 2012, I can’t resist the traditional temptation to look back at the past year. They survived tight credit, lack of confidence, and over regulation to take GDP to record levels, to take corporate profits to record levels, and to make lots of cash so that they can hoard it on their balance sheets to the tune of $2.1

National 75

National Groups Survey Marketing 75

Fintech Labs Insights

MARCH 1, 2017

Experian said that the year-long authorization process has helped it to “stress-test [its] risk management structures and the plans [it has] in place to ensure fair outcomes for [its] customers.” Financial Conduct Authority became responsible for regulating consumer credit agencies in 2014. ” The U.K.

Risk Management 12

Risk Management Lending Tools Regulation 12

Jeff For Banks

NOVEMBER 7, 2015

But EnerBank represents about 5% of CMS's earnings, so regulators may find comfort that EnerBank's holding company, unlike most bank holding companies, has significant wherewithal to be a source of strength for the bank. Non-performing loans to total loans peaked at 22 basis points in 2012 and now stand at 9 basis points. Seems risky.

Community Bank 60

Community Bank Community Baltimore Lending 60

CFPB Monitor

NOVEMBER 7, 2016

The report notes that examiners “also observed a [compliance management system (CMS)] weakness at one or more collectors that had not maintained any records showing the relationship between the amount of the collection fee and the cost of collection.” Regulation E. ” Collection calls; third party communications. .”

Lending 83

Lending Report Regulation Policies 83

Jeff For Banks

JULY 24, 2015

If selling in stocks and bonds begins in earnest over this crisis, we will have some of the first tests of liquidity in the markets since new regulations kicked in and restricted financial institutions from trading or making markets. All of this Greek drama could hurt the Euro initially, but it could actually improve if Greece exited.

Puerto Rico 60

Puerto Rico Community Bank Community Risk Management 60

Jeff For Banks

JULY 15, 2013

growth in the fourth quarter of 2012. Ever increasing regulations, health care law enactments, and now the newly approved Basel III increased capital requirements for banks make it more difficult to achieve sustainable GDP growth. I personally am waiting for Jamie Dimon to save the day. What About the Data? Thanks for reading.

Marketing 83

Marketing Dallas Policies Groups 83

Gonzobanker

DECEMBER 22, 2015

Bank project management offices. Regulator Award. The all-powerful banking regulator claimed that car dealers discriminated against minority borrowers—by guessing the race of borrowers based on last names and addresses in loan files, and claimed racism if the people they guessed were minorities seemed to be paying higher rates.

Community Bank 60

Community Bank Apple Community Technology 60

CB Insights

MARCH 27, 2019

into cybersecurity startups globally — especially as tech companies have been largely at the center of privacy regulation issues. The company has since worked to improve the AWS user interface to help better manage and control access. Collectively, FAMGA has poured nearly $2.5B Source: Cloudnosys. Source: Chronicle.

Google 76

Google Apple Security Data 76

Abrigo

JANUARY 29, 2020

“This advisory reminds financial institutions engaged in agricultural lending to maintain sound underwriting standards, strong credit and administration practices, effective risk management strategies, and appropriate allowances for losses and capital levels through the credit cycle,” the FDIC statement said.

Lending 195

Lending How To FDIC Survey 195

CB Insights

OCTOBER 6, 2017

In financial markets, global risk and asset management firm BlackRock laid off around 40 employees earlier this year, including portfolio managers and stock managers. These are the professions at the greatest risk. Risk of automation is highest in predictable work environments in industries with lower regulations.

Software 69

Software Industry Retail United States 69