PYMNTS

MAY 10, 2016

Renaud Laplanche , Former CEO of Lending Club, in a 2013 interview. Those were the good old days of Lending Club, a Silicon Valley darling that was the next big thing in lending. Lending Club was the poster child of that alt lending movement. I want to create something new and innovative.” The problem?

Lending 100

Lending Capital Compliance Operations 100

PYMNTS

JANUARY 6, 2017

-based startup company that operates an online lending platform, has received an investment of £40 million from British Business Bank, the state-owned bank, but the money comes with strings. According to a report , Funding Circle has to use the funds to lend to small businesses. The new funds will go to loan money to U.K.

Lending 100

Lending Report Operations Online 100

PYMNTS

DECEMBER 19, 2018

The bond market, on the other hand, isn’t the most likely of places for an entrepreneur to seek financing. Typically seen as a low-risk, low-rewards instrument reserved for middle-market and large enterprises, corporate bonds offer the opportunity for businesses to remain private while raising money and diversifying debt.

Marketing 134

Marketing Capital Security Trends 134

PYMNTS

MAY 25, 2016

Reports by Financial Times said on Tuesday (May 24) that Wells Fargo vowed to continue to lend to businesses that have significant outstanding debt against the guidance of U.S. ” Reports said Wells has pursued greater market share in its non-retail banking operations since its acquisition of Wachovia in 2008. .

Lending 100

Lending Regulation America US 100

BankUnderground

NOVEMBER 27, 2020

We show that ring-fencing has an important impact on banking groups’ funding structures , and find that this incentivises banks to rebalance their activities towards retail mortgage lending and away from capital markets, with important knock-on effects for competition and risk-taking across the wider banking system.

Lending 109

Lending Retail Groups Maine 109

Abrigo

DECEMBER 1, 2021

This article is substantially updated from a 2013 blog post. Lending & Credit Risk. Lending & Credit Risk. Lending & Credit Risk. Lending & Credit Risk. Member Business Lending. Takeaway 2 It's imperative that FI senior management demonstrate commitment to a robust loan review program. .

Risk Management 195

Risk Management Lending Policies Management 195

PYMNTS

NOVEMBER 16, 2018

Small business credit analysis company PayNet is linking up with a community bank to streamline SMB lending for the institution. In another statement, BNB Bank EVP and Chief Lending Officer Kevin L. ” Analysis has also found that community banks are playing a larger role in small business lending. .”

Community Bank 134

Community Bank Community Lending Analysis 134

PYMNTS

MAY 24, 2018

In 2013, the OCC had discouraged short-term lending by banks with limitations on what could be offered to customers depending on their credit. Regulatory uncertainty forced banks out of this space, leaving families to rely on pawn shops, costly payday lenders or loosely regulated online lending during times of financial stress.

FDIC 100

FDIC Lending Regulation Study 100

Jeff For Banks

JANUARY 20, 2024

In fact, the most read of 2023 was from 2013, ten years prior. jeff4banks.com) Publish date: September 6, 2013 Amazing that a 10-year old post rose to the top of the list. No matter the how, I'm pleased with the interest in simplifying loan pricing to account for the market, risk, and profitability of the individual loan.

New Jersey 102

New Jersey Lending Florida Strategy 102

PYMNTS

FEBRUARY 6, 2018

That rate, he noted, is based on more than mutual soldier loyalty, as StreetShares has other lending requirements. Between its founding in 2013 and 2016, StreetShares had previously raised $8.3 Imagine what that market could look like with real and fair access.”. What’s Next. million in three equity rounds.

Lending 119

Lending Virginia United States Capital 119

CFPB Monitor

NOVEMBER 15, 2018

A glaring regulatory impediment to small-dollar lending by FDIC-supervised institutions is the FDIC’ s November 2013 guidance on deposit advance products , which effectively precludes FDIC-supervised institutions from offering deposit advance products. (In

FDIC 60

FDIC Lending National Examples 60

Abrigo

AUGUST 8, 2021

This article is substantially updated from a 2013 blog post. Financial institutions with strong, independent loan review and, more broadly, credit risk review, can react more quickly to changes in the market, according to Ancin Cooley , principal of Synergy Bank Consulting and Synergy Credit Union Consulting. Independent Assessment.

System 195

System Lending Policies Regulation 195

PYMNTS

JULY 1, 2016

bank branch closures has forced financial institutions in the market to halve their small business lending operations over the last three years, according to reports. Move Your Money found that local small business lending was reduced by up to 63 percent in some towns affected by a branch closure. The spread of U.K.

Data 101

Data Lending Community Analysis 101

PYMNTS

MARCH 4, 2020

Robinhood’s 10 million users were stuck on the sidelines during the biggest market rally since December 2018 and the third-best day since the financial crisis. Robinhood was founded in 2013 in Silicon Valley by Vladimir Tenev and Baiju Bhatt. The S&P 500 gained 4.6

System 213

System Lending Marketing US 213

Abrigo

MAY 5, 2022

or largely focused on the domestic banking market. If you have an interesting podcast to share, please send it to marketing@abrigo.com. Breaking Banks Breaking Banks , billed as the #1 global fintech podcast and radio show, began in 2013 and is hosted by media firm Provoke.fm. Check them all out in our Knowledge Center.

Community 195

Community Lending Maine Resources 195

BankUnderground

APRIL 3, 2024

Net lending represents the overall surplus or deficit, and it is theoretically the same whether you look at it from the income or financial account viewpoint. Evolution of the net lending positions of households and corporates The pre-GFC era was a period of strong growth and low inflation , which coincided with a large expansion of credit.

Lending 63

Lending Analysis Policies Trends 63

PYMNTS

SEPTEMBER 25, 2018

When it comes to FinTech firms and lending, might it be that what we don’t know could hurt us? Beyond that, volume has exploded, with $284 billion extended in 2016 compared to $11 billion in 2013. China was the largest market, yet volume has declined in recent periods.

Fintech 172

Fintech Lending United States Regulation 172

PYMNTS

NOVEMBER 20, 2018

In 2016, the market experienced a pullback as lenders slowed or stalled sub-prime originations,” Komos said. In some areas, the growth in sub-prime lending matches overall growth in the segment, with credit cards and personal loans as the best example. It shows the resiliency of the market.”. It never happened.

Lending 188

Lending Trends Cards Capital 188

Jeff For Banks

MAY 20, 2017

Today, I read an American Banker article on how a multi-billion dollar bank is going to ramp up its business lending. To remind readers, in 2006 the OCC, Federal Reserve, and FDIC issued joint interagency Guidance on Concentrations in Commercial Real Estate Lending. They need a marketing person to title their reports.

Lending 60

Lending Regulation Community Community Bank 60

BankUnderground

MARCH 6, 2024

Refinancing of bond debt is important as the UK corporate funding landscape has materially evolved since the late 2000s with companies reducing their dependence on bank borrowing and increasing their use of market-based finance (MBF). in 2013 ( Bank Rate of 0.5% as at December 2013 plus high-yield OIS spread of 4.4%).

Policies 71

Policies Lending Data Marketing 71

PYMNTS

AUGUST 21, 2017

BlueVine, which is an online lender that is focused on the small business market, raised funding last year and has secured a total of $188 million in venture capital funding since 2013. The executive noted that investors are looking at the “viability of the overall lending model” and what effect it will have on the weaker players.

Online 100

Online Lending Capital Compliance 100

CFPB Monitor

FEBRUARY 10, 2022

Zywicki and Miller have co-authored a soon-to-be published study, “The Effects on Consumers from Two State-Level Regulations of the Payday Loan Market,” in which they analyzed 15.6 million unique borrowers in 2013 to determine whether the number of loans a consumer takes in a year is a meaningful assessment of consumer welfare.

Mississippi 60

Mississippi Regulation Study Analysis 60

Gonzobanker

FEBRUARY 15, 2019

Just six weeks into the new year, and another monster deal is positioned to shake up the industry, this time in lending. The big question regarding the deal’s viability revolves around the place-your-bets economic forecast on mortgage volume in a churning market. At the same time, Ellie undertakes no mortgage-market credit risks.

Lending 102

Lending Data System Software 102

PYMNTS

AUGUST 11, 2017

The Great Recession had a crippling effect on credit markets across the board. PayPal has been offering short-term loans to its smaller merchants via Working Capital since 2013, when it began as a “skunk works” project to see how merchants might respond. And they did.

Lending 117

Lending Capital Video Online 117

BankUnderground

JANUARY 27, 2021

One key message stands out: banks that are more rooted in their market are much more likely to continue lending when faced with the economic fallout from such shock. Banks with access to central bank liquidity continued or even expanded their lending. A pandemic or natural disaster can impact lending in several ways.

Lending 68

Lending Study Marketing Capital 68

Bank Innovation

MARCH 1, 2019

This is up from 35% in 2017, and way up from 18% in 2013, according to Financial Technology Partners’ 2018 Annual Fintech Almanac. Strategic participation in fintech climbed in 2018, with 41% of all fintech financings containing either a corporate VC or strategic investor.

Fintech 170

Fintech Financial Technology Technology Operations 170

PYMNTS

JULY 31, 2018

Founded in 2013, BlueVine is one of the leading FinTech players in online small business lending. The company’s [BlueVine] market traction to date has been impressive, and we believe their technology and talent have set them on the path for continued growth,” said M12 Partner Elliott Robinson in the report. “We

Lending 100

Lending Capital Fintech Online 100

CFPB Monitor

JANUARY 30, 2020

Bernard will serve as Assistant Director for Regulations in the Research, Markets and Regulation Division. Ward will serve as Assistant Director of Enforcement in the Supervision, Enforcement & Fair Lending Division. The CFPB announced that the following individuals have joined its executive team: Susan M. Department of Justice.

Regulation 78

Regulation Policies Lending Community 78

PYMNTS

APRIL 18, 2018

Reports in The Sydney Morning Herald on Wednesday (April 18) said the executive spoke at the AltFi Australiasia Summit event held in Sydney this week, declaring Australia to be the Asia-Pacific region’s second-largest market for alternative finance. “We These numbers are from KPMG in 2013, and in 2016 that had grown to $220 million.”.

Fintech 108

Fintech US Lending Industry 108

PYMNTS

AUGUST 18, 2016

Because progress exists, these days redlining is not nearly so prominent a feature of the market place – largely because it is very illegal, and the penalties for being caught in the act are quite steep. The black applicant had a higher stated income and credit score than the white applicant.

Lending 100

Lending Alabama Security Marketing 100

CB Insights

OCTOBER 21, 2018

The 2018 Fintech 250 have raised approximately $53B in aggregate funding across 947 deals since 2013, and includes startups at different investment stages of development, from early-stage (seed/Series A) companies to well-funded unicorns. The market map below categorizes the Fintech 250 companies based on core area of focus.

Fintech 78

Fintech Lending Capital Analytics 78

BankUnderground

FEBRUARY 11, 2021

Our case study of French banks operating in London – part of a broader international initiative – suggests prudential policies have a much bigger offsetting effect on French banks’ lending out of the UK’s financial centre than on their lending out of headquarters in France.

Policies 102

Policies Lending Capital Case Study 102

Abrigo

NOVEMBER 11, 2019

FDIC FIL-46-2013 October 8, 2013. However, back when the FDIC sent that 2013 letter mentioned above to financial institutions, the effective federal funds rate was 0.09%. It actually has fallen since April as the market anticipated three cuts to the Fed’s target fed funds rate. Lending & Credit Risk.

Management 150

Management FDIC Community Risk Management 150

PYMNTS

OCTOBER 17, 2019

San Francisco-based Chime launched in 2013, offering debit cards, savings accounts and checking accounts to consumers without any fees. “We can assure you all account information remains secure, and no personal or financial data is at risk.”. The startup generates income by receiving a portion of interchange fees from debit cards.

Digital Banking 107

Digital Banking San Francisco Leadership Cards 107

Bank Innovation

JUNE 29, 2016

Square Cash was launched by Square in 2013 for P2P payments. Is Citigroup going to partner with Square to offer the startup’s peer-to-peer payments service to Citi customers? That’s the implication from a recently published article in Fortune. The service is available in the U.S., and for both personal or Read More.

Payments 186

Payments Marketing Cards Lending 186

PYMNTS

SEPTEMBER 4, 2018

payday lending startup Wonga has come to the end of the road, having filed for administration (similar in concept to bankruptcy in the U.S.) According to the Financial Times , complaints against Wonga’s lending practices, logged with regulators, were up 80 percent since that emergency injection. in the closing days of last week.

Lending 100

Lending Regulation Capital Report 100

CFPB Monitor

NOVEMBER 30, 2020

For credit cards, the share of credit card tradelines containing actual payment data declined from 88 percent in 2013 to 40 percent in 2020. Since the industry markets services to these two groups differently, lenders may view the furnishing of actual payment data as creating a competitive disadvantage.

Report 78

Report Data Payments Guidelines 78