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

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

PYMNTS

DECEMBER 9, 2020

Developing a quick, seamless and secure onboarding process for financial institutions (FIs), lending startups and other financial services providers has long posed its trials. Such entities in India were granted relief on Jan. Capital Float had provided 500,000 clients with $1.2 Capital Float had provided 500,000 clients with $1.2

Video 175

Video Capital Lending Security 175

CFPB Monitor

JANUARY 21, 2022

In 2013, the CFPB issued a “larger participant rule” that allows it to supervise any nonbank servicer of federal or private student loans if the servicer’s account volume, as defined by the rule, exceeds one million accounts. The Dodd-Frank Act gave the CFPB supervisory authority over entities that originate private education loans.

Lending 78

Lending Regulation Policies Operations 78

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

Independent Banker

OCTOBER 31, 2021

October 2013. December 2013. Regulators implement ICBA-supported three-year transition. Curt Allison, The Fountain Trust Company’s chief lending officer, says his bank’s software program has been collecting data since Dec. April 2011. ICBA tells FASB CECL isn’t feasible for community banks. December 2011. February 2016.

Community Bank 91

Community Bank Community Software New York City 91

PYMNTS

SEPTEMBER 11, 2019

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. Last week, money transfer company B2B Pay said it plans to become a regulated financial institution and is raising money to pursue licensure.

Digital Banking 160

Digital Banking Millennials Mobile Regulation 160

PYMNTS

OCTOBER 13, 2016

“I think it was a real advantage to us to start during an economic downturn,” says Kathryn Petralia, a co-founder and Head of Operations at Kabbage. “It Kabbage is a data and technology platform that enables real-time lending. which was added in 2013. “We To date, the business has provided over $2.5

Regulation 100

Regulation Lending US FDIC 100

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

Independent Banker

MARCH 15, 2015

As advocated by ICBA, the CFPB proposed rule released in January 2013 structured the qualified mortgage with legal safe harbor protections for some loans. It also promised to provide qualified mortgage status to balloon loans originated and held in portfolio by “small creditors” operating predominantly in rural or underserved areas.

Washington 70

Washington Community Bank Community Survey 70

Independent Banker

FEBRUARY 24, 2015

As advocated by ICBA, the CFPB proposed rule released in January 2013 structured the qualified mortgage with legal safe harbor protections for some loans. It also promised to provide qualified mortgage status to balloon loans originated and held in portfolio by “small creditors” operating predominantly in rural or underserved areas.

Washington 70

Washington Community Bank Community Survey 70

Independent Banker

MAY 24, 2016

million farms and the community banks that lend to them each growing season, Scanlan points out. Because real estate often collateralizes rural loans, diminishing land prices are a factor that regulators will ask community banks to keep monitoring. A total of 300 million acres are covered by crop insurance. Rural housing loans.

Community Bank 70

Community Bank Kansas City Community Iowa 70

Jeff For Banks

MARCH 29, 2014

It is annual report season, meaning publicly traded financial institutions are finalizing their 2013 numbers and submitting their 10k''s to the Securities and Exchange Commission (SEC). Lending services include commercial loans to small to medium-sized businesses and professional concerns as well as consumers.

Strategy 101

Strategy Texas San Antonio Fort Worth 101

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

Guerrieri, Lorenzoni, Straub and Werning (2020) argue that while the lockdown is originally an (inflationary) negative supply shock because it keeps certain types of business from operating, the balance of the effects can resemble a (deflationary) demand shock under two conditions. Fiscal Policy. Macroprudential Policy.

Policies 101

Policies Lending System Tools 101

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

NOVEMBER 16, 2017

It operated out of its first volunteer president’s home for its first five years before moving to a rented office in 1913, later relocating to its own building in 1930. Mary’s has since occupied the same site, constructing a new building in 1970 and replacing that structure with its current headquarters in 2013. For its part, St.

Millennials 101

Millennials US New Hampshire Resources 101

PYMNTS

DECEMBER 19, 2018

A 2013 Forbes article noted this trend emerging, especially in Europe, in the wake of banks’ pullback from SMB lending, though the explosion of alternative FinTech firms in the years since has largely pushed the bond market out of SMBs’ minds. Several years ago, however, SMBs began to show interest in the bond market, too.

Marketing 134

Marketing Capital Security Trends 134

Jeff For Banks

APRIL 25, 2014

In 2013 there were 246 bank and thrift merger and acquisition deals announced, the highest number since 2007 when there were 318 deals. will provide greater capital resources and operational scale that will allow us to grow as part of a larger community bank." - Loralee Hutchinson, President of Alarion Financial Services, Inc.

Community 93

Community New York Indiana Connecticut 93

CB Insights

FEBRUARY 1, 2019

Two that are already seeing lots of activity are payments and lending. Another player in the mobile wallet battle is T-Cash, the e-wallet service of Indonesia’s largest mobile operator Telkomsel, which recently opened up its e-wallet to the customers of rivals. in 2013 to 15.8% in loans in 2018 vs. $182M in 2017. .

Policies 61

Policies Lending Operations Examples 61

CFPB Monitor

DECEMBER 1, 2014

Mishkin Last week, the CFPB’s Ombudsman’s Office issued its third annual report covering the Office’s activities during fiscal year 2014 (October 1, 2013 through September 30, 2014). A desire for more clarity on regulatory compliance for business planning and operations. Unanticipated outcomes from regulations.

Report 92

Report Industry Meeting Groups 92

CFPB Monitor

NOVEMBER 24, 2014

million new and used motor vehicle retail installment contracts originated during 2012 and 2013. The researchers also noted that these factors are generally unknown to the financial institution and regulators. Conducted by Charles River Associates, the study used an array of industry data and a data base consisting of approximately 8.2

Study 68

Study Analysis Regulation Analytics 68

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. In March of 2013, Experian was fined $3 million for a variation on that same theme.

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

Gonzobanker

NOVEMBER 9, 2015

The consensus is that the next phase of blockchain will be laying the foundation and identifying its two biggest hurdles: cost and regulation. Frank Bisignano of First Data and team showed the latest version of Clover, first announced at Money20/20 in 2013. Innovation we saw that we’re all not talking about enough: lending.

blockchain 60

blockchain Bitcoin Lending Innovation 60

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. One of the biggest challenges these companies face is that many operate without a bank charter or license. why profitability won’t come easy.

Retail 78

Retail Cards Millennials Mobile 78

CB Insights

FEBRUARY 13, 2020

Business lending and corporate cards. Sigma aims to streamline business operations. This process also comes with hurdles like regulations, fees, compliance standards, and payment card issuers — all of which become increasingly complex for international transactions. Virtual card issuance. Growing the internet economy.

Online 98

Online Company Retail Payments 98

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

CB Insights

OCTOBER 29, 2018

In 2013, Microsoft CEO Steve Ballmer saw an opportunity in Nokia, a Finnish phone company that was losing ground to competitors. Date: May 20, 2013. The company shut down Nextel’s networks in 2013. In 2013, Cisco decided to cut its losses in the consumer products division and sell Linksys off to Belkin.

Google 76

Google Software Innovation Company 76

PYMNTS

MAY 31, 2016

And maybe I’m not really cool either, but the notion that I’m going to lend my car to someone for $10 a hour to run errands (Get Around), and that anyone would even want to when there’s this thing called Uber and Lyft to get me where I want to go without the hassle of parking – I’m not convinced.

San Francisco 100

San Francisco Meeting Video Course 100

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. Much uncertainty still exists as to whether Congress will extend the tax cuts that are set to expire on January 1, 2013. So stay tuned!

National 79

National Security US Massachusetts 79

Fintech Labs Insights

JANUARY 8, 2017

At the same time, the OCC is doing what it can to make it easier for fintech companies to become a part of the regulated federal financial system. This includes a new chartering system announced in December , that would, among other things, enable fintech companies to operate across state lines. Wealth Management and Investing.

Fintech 12

Fintech blockchain Technology Lending 12

Gonzobanker

DECEMBER 19, 2016

Maybe a regulator was out sick or on maternity leave, but this is one crawling bureaucratic nightmare. Be Careful What You Wish for Award – To all those Fintech providers that can now get an official bank charter to operate within the confines of simple regulatory requirements. Best Free Market Research a Retail Banker Will Ever Get.

Utah 60

Utah System Community Marketing 60

Gonzobanker

DECEMBER 19, 2016

Maybe a regulator was out sick or on maternity leave, but this is one crawling bureaucratic nightmare. Be Careful What You Wish for Award – To all those Fintech providers that can now get an official bank charter to operate within the confines of simple regulatory requirements. Best Free Market Research a Retail Banker Will Ever Get.

Utah 60

Utah System Community Marketing 60

William Mills

SEPTEMBER 12, 2017

I checked out their web site and they are promoting their IOS/Google Play mobile apps (no surprise) and I found this: This website is operated and maintained by Collective Returns, Inc. An industry leader in lending and benchmarking solutions for financial institutions. They’re s howing a lending example using their API.

Samsung 69

Samsung Mobile User Experience Google 69

CB Insights

MAY 23, 2019

Zenefits skirts compliance regulations. Zenefits skirts compliance regulations. In addition, regulators claimed that as many as 80% of insurance plans sold in Washington state by Zenefits reps were sold illegally by unlicensed brokers. Table of contents. Theranos and the revolutionary blood tests that never existed.

Fraud 78

Fraud Las Vegas Company Video 78

PYMNTS

DECEMBER 11, 2019

That waiver has been periodically expanded and renewed every few years, most recently in 2013, when it received a permit to impose its greenhouse gas and create its zero-emission vehicle program. They are taking out a loan to operate their business, to be economically productive.

California 131

California District of Columbia Lending Taxes 131