PYMNTS

MAY 24, 2018

The guidance did not change any regulation, but clarified the regulator’s stance on the loans, Reuters reported. In 2013, the OCC had discouraged short-term lending by banks with limitations on what could be offered to customers depending on their credit. In any market, robust competition is a win for consumers.

FDIC 100

FDIC Lending Regulation Study 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

Abrigo

DECEMBER 1, 2021

This article is substantially updated from a 2013 blog post. Banks are required by regulators to have formal risk rating policies in place to determine how ratings are assigned. Lending & Credit Risk. Lending & Credit Risk. Lending & Credit Risk. Lending & Credit Risk. Credit Risk Management.

Risk Management 195

Risk Management Lending Policies Management 195

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

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

BankUnderground

NOVEMBER 27, 2020

In a recent paper , we shed new light on the consequences of this type of regulation by examining the recent UK ‘ring-fencing’ legislation. Our results indicate that ring-fencing encourages UK banks subject to the reform to rebalance their activities towards retail lending and away from capital markets.

Lending 109

Lending Retail Groups Maine 109

CFPB Monitor

JANUARY 30, 2020

Bernard will serve as Assistant Director for Regulations in the Research, Markets and Regulation Division. Before joining the Bureau, she served as the Director of the Office of Regulations and Policy in the Center for Food Safety and Applied Nutrition at the U.S. Food and Drug Administration. Department of Justice.

Regulation 78

Regulation Policies Lending Community 78

CFPB Monitor

OCTOBER 14, 2015

A new article by Todd Zywicki for the Mercatus Center at George Mason University urges the CFPB to consider the “unintended consequences” of new debt collection regulations and conduct a careful cost-benefit analysis before imposing such regulations. Each of these steps requires careful analysis.”

Regulation 60

Regulation Analysis System Lending 60

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. A Long Walk. for that loan.

Lending 100

Lending Regulation Capital Report 100

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

Abrigo

NOVEMBER 11, 2019

Obviously, protecting financial institutions against the impact to capital and earnings of rising interest rates has been the particular focus of regulators for more than a decade. FDIC FIL-46-2013 October 8, 2013. It actually has fallen since April as the market anticipated three cuts to the Fed’s target fed funds rate.

Management 150

Management FDIC Community Risk Management 150

CFPB Monitor

JULY 29, 2022

and related entities (collectively, “Harris Jewelry”), a national jewelry retailer that markets and sells military-themed gifts, to resolve their lawsuit which alleged that Harris Jewelry had engaged in unlawful sales and credit practices targeting servicemembers. State regulators may also supervise MLA requirements pursuant to state law).

National 78

National Retail Regulation New York 78

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

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

CFPB Monitor

MARCH 23, 2017

Dovetailing with President Trump’s recent Executive Order requiring a reduction in regulatory burden, on March 21, 2017, a CFPB official remarked at the American Bankers Association Government Relations Summit that the CFPB was planning to start its review of significant mortgage regulations, including the ability to repay/qualified mortgage rule.

Regulation 97

Regulation Lending Meeting Industry 97

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. Marketplace Lending. Blockchain. Digital banks. Blockchain. Take the blockchain. And to learn.

Fintech 183

Fintech blockchain Lending Digital Banking 183

PYMNTS

SEPTEMBER 11, 2019

As spotlighted in the Digital Banking Tracker , the global digital banking market is slated to grow by 16 percent, compounded annually. One of the first neobanks in the region, Nubank , traces its genesis back to 2013, having raised hundreds of millions of dollars to expand across several financing rounds. Circling back to the U.K.,

Digital Banking 160

Digital Banking Millennials Mobile Regulation 160

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. lending marketplace. Attorney Alex Tse. “We The Response.

Lending 135

Lending Fraud Management San Francisco 135

PYMNTS

JUNE 17, 2016

A few days later, one of the founding fathers of FinTech, Renaud Laplanche , was forced out of Lending Club, the peer-to-peer lender he founded in 2006, following scandals over loan disclosures and conflicts of interest. The really interesting, though less juicy, story is what got Lending Club into trouble.

Bitcoin 100

Bitcoin Lending blockchain Fintech 100

BankUnderground

JULY 29, 2020

For central banks whose policy rates are already close to zero, Lilley and Rogoff (2020) have recently restated their case for negative policy rates when markets no longer believe that QE is sufficient to maintain inflation at target. Fiscal Policy. A small recent literature studies interactions between fiscal policy and interest rate policy.

Policies 101

Policies Lending System Tools 101

CFPB Monitor

JULY 29, 2019

The general QM loan under the rule is based on a strict debt-to-income (DTI) ratio limit of 43%, and there is guidance in Appendix Q to Regulation Z regarding the calculation and verification of debt and income that is based on standards for Federal Housing Administration (FHA) loans. CFPB Off-Base Prediction of Market Behavior.

Compliance 60

Compliance Marketing Regulation Meeting 60

Independent Banker

MAY 24, 2016

million farms and the community banks that lend to them each growing season, Scanlan points out. Falling crop prices—exaggerated by weak currencies in many foreign markets—are expected to pressure U.S. The Federal Reserve Bank noted that increases in short-term lending “have occurred amid a significant decline in income.”

Community Bank 70

Community Bank Kansas City Community Iowa 70

Independent Banker

OCTOBER 14, 2014

Robust online mortgage websites embrace today’s lending challenges as well as consumer needs. I still do a lot of lending myself,” Michelotti says. The impetus for starting a robust mortgage website “was convenience for our customers,” explains Zehireta Avdic, marketing officer for the $1 billion-asset community bank.

Community Bank 70

Community Bank Lending Community Oklahoma City 70

CFPB Monitor

NOVEMBER 24, 2014

million new and used motor vehicle retail installment contracts originated during 2012 and 2013. The study’s other key findings were the following: When appropriately considering the relevant market complexities and adjusting for proxy bias and error, the observed variations in dealer reserve are largely explained.

Study 68

Study Analysis Regulation Analytics 68

PYMNTS

NOVEMBER 16, 2017

Mary’s has since occupied the same site, constructing a new building in 1970 and replacing that structure with its current headquarters in 2013. According to Senus, the CU emphasized a “conservative approach” in its lending decisions to emerge successfully from the difficult economic environment. “We PYMNTS recently spoke with St.

Millennials 101

Millennials US New Hampshire Resources 101

CB Insights

FEBRUARY 1, 2019

By 2050, Indonesia is projected to have the third largest middle class among emerging markets. Two that are already seeing lots of activity are payments and lending. Meanwhile, alternative lending is also seeing strong growth, with P2P fintech platforms distributing $1.4B in 2013 to 15.8% Indonesians carry a policy).

Policies 61

Policies Lending Operations Examples 61

PYMNTS

JULY 15, 2016

When Amazon, the largest retailer by market cap, says that it had its best day ever , it’s hard not to call that a sizzle – and then some. Even Amazon competitors like Macys, Target and even Best Buy reported that their sales rose that day by 13 percent or more – as they rode the Prime Day draft and put their own offers in market.

Retail 100

Retail FDIC Bitcoin Lending 100

CFPB Monitor

SEPTEMBER 25, 2015

The joint complaint filed by the CFPB and DOJ in federal district court in New Jersey states that the action resulted from a joint investigation by the agencies of the bank’s lending practices following the CFPB’s referral of the bank to the DOJ pursuant to the ECOA. The proposed consent order requires the bank to pay a $5.5

NJ 60

NJ New Jersey New York Philadelphia 60

PYMNTS

SEPTEMBER 18, 2017

The credit bureaus were included in the CFPB’s scope of oversight in 2012, and she’s asked the agency to let her know what additional power it might need to better regulate the credit reporting agencies going forward. There aren’t many markets where consumers actually have little to no other choice, but this is one of them.

Report 202

Report Regulation Data Retail 202

PYMNTS

SEPTEMBER 9, 2016

The brothers are aware of the security issues surrounding bitcoin and recommend that exchange operators and their regulators need to look closely at “multisig” security services, which require many people to sign off on a transaction. Gevers told Reuters: “I believe cryptofinance is the next big wave after the internet.

Bitcoin 100

Bitcoin cryptocurrency Security Taxes 100

CB Insights

FEBRUARY 13, 2020

Brothers Patrick and John Collison founded Stripe in 2010 in an attempt to gain share in online payments, a then-nascent market with seemingly boundless growth opportunity. Market opportunity. Business lending and corporate cards. Stripe is ramping up its private market investments. Expansion into emerging markets.

Online 98

Online Company Retail Payments 98

Fintech Labs Insights

FEBRUARY 22, 2017

If peer-to-peer lending isn’t hip enough to pique your interest, how does bitcoin lending sound? According to Albrecht, the funds will help Bitbond to “make lending and borrowing globally accessible” by furthering product development and growing its user base in underserved markets.

Lending 15

Lending blockchain New York Bitcoin 15

CB Insights

OCTOBER 10, 2018

Startups targeting retail and commercial banking have been emerging globally, spurred by favorable tech regulations, an uptick in mobile adoption, and shifting customer demographics. Incumbents are not standing still and are acting to protect their market share. Market Map: The Startups Disrupting Retail & Commercial Banking.

Retail 78

Retail Cards Millennials Mobile 78

Gonzobanker

NOVEMBER 9, 2015

Continuing on the “Pay” theme, we know all about Apple Pay and the noise it caused in the market last year. The consensus is that the next phase of blockchain will be laying the foundation and identifying its two biggest hurdles: cost and regulation. That info plus marketing tools got her sales up quite a bit on said rainy days.

blockchain 60

blockchain Bitcoin Lending Innovation 60

Independent Banker

MARCH 15, 2015

Thoughtful lending and an open mind keep profits strong for incoming ICBA chairman Jack Hartings. in Coldwater, Ohio, and ICBA’s incoming chairman, held fast to his community bank’s conservative lending practices. Jack Hartings and Mindy Kremer, marketing director for Mercer Health Hospital in Coldwater, talk in a patient care unit.

Ohio 70

Ohio Community Bank Community Lending 70

CB Insights

MAY 8, 2018

Even as the media storm around the sector has calmed, regulators are acting more aggressively and decisively, issuing subpoenas to bad actors and providing guidance to good ones. See how venture firms, corporates, regulators, and builders are shaping the future of blockchain technology. So far it looks like US regulators do not agree.

blockchain 75

blockchain Trends Technology cryptocurrency 75

Fintech Labs Insights

SEPTEMBER 21, 2020

Making it easier to comply with global regulations. Capital Markets & WealthTech. Founded: 2013. Winner: Pirkz (see also Wildcard) Making people happier, healthier and wealthier by providing affordable well-being benefits through their employers. HQ: London. Founded: 2018. Funding: $1.3M (Jan 2020). Winner: QuoteVine.

Innovation 15

Innovation Fintech blockchain Capital 15