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

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.

National 78

National Retail Regulation New York 78

PYMNTS

JULY 13, 2018

trillion, and competition is rising as regulators slowly ease restrictions on banks’ corporate lending practices. The Federal Reserve issued guidance in 2013 to curb leverage in an effort to prevent a financial crisis repeat, the publication said, but regulators failed to predict the emergence of shadow lenders and non-bank players.

Marketing 100

Marketing Regulation Dallas Retail 100

Abrigo

AUGUST 8, 2021

This article is substantially updated from a 2013 blog post. Larger or more complex institutions might have credit risk review functions entirely separate from their lending functions. Reviewing lending staff’s risk ratings. Takeaway 2 However, a loan review or credit risk review program should accomplish several key objectives.

System 195

System Lending Policies Regulation 195

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. Lending Club Algorithms . It is truly not our intention to call out Lending Club week after week in this column as a fizzle. Pokémon GO: Pet Rock or Opportunity To Rock Retail?

Retail 100

Retail FDIC Bitcoin Lending 100

Abrigo

FEBRUARY 17, 2015

Which areas of lending and what banks are driving the expansion? Regarding loan type, retail loans (residential mortgages, HELOCs, consumer loans) represent 44 percent of the total loan portfolio. Agricultural lending represents two percent, and all other loan types represent the remaining 12 percent. trillion, up from $6.5

St. Louis 150

St. Louis Lending Community Bank Regional 150

PYMNTS

JUNE 21, 2019

Chinese P2P lending company Dianrong, which offers lending solutions and investment products, has completed its latest funding round, according to reports. The company is known as the “lending club of China.” The company has raised $549 million over seven funding rounds since the end of 2013.

Lending 100

Lending Capital Maine Groups 100

PYMNTS

AUGUST 11, 2017

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. They’ve all chosen her distribution platform because, she says, Linda’s Stuff can get them close to retail value and an audience that can be found nowhere else.

Lending 117

Lending Capital Video Online 117

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

JUNE 19, 2018

Rent-A-Center ‘s decision to sell itself to Vintage Capital comes amid a continuing expansion of so-called “alt lending” options for consumers, which could make it more difficult for the chain to reinvent itself as it becomes a private company under its new ownership. percent between 2013 and 2018, according to research from IBIS World.

Lending 103

Lending United States America Industry 103

Abrigo

FEBRUARY 2, 2015

The banking industry has seen a steady stream of media attention since 2008, much of it in the form of stories about data breaches linked to major retailers or mega banks’ profits. That number is up about four percent from 2013. One reason is that loan officers are under tighter restrictions in all areas of lending.

Community Bank 150

Community Bank Community Regulation Survey 150

PYMNTS

MARCH 31, 2020

COVID-19 is spurring firms that rely on consumer spending, and on lending to finance big-ticket purchases, to invent new ways to keep business flowing – with a nod to the fact that the uncertain economic impact of the virus may hurt consumers’ near-term ability to pay for those items. Necessity, as they say, is the mother of invention.

Houston 141

Houston Lending New York Examples 141

CB Insights

FEBRUARY 13, 2020

Business lending and corporate cards. The company was ultimately acquired by PayPal in 2013, and now represents a sizable chunk of its merchant business. Most recently, Stripe has launched a Corporate Card and a Lending product geared towards small businesses. Fraud prevention tools. Supporting merchant partner growth.

Online 98

Online Company Retail Payments 98

CFPB Monitor

NOVEMBER 30, 2020

During the same period, the share of retail revolving and credit card loans with actual payment information significantly declined. While 95 percent of retail revolving tradelines contained actual payment data in 2015, the share declined to 71 percent in 2020.

Report 78

Report Data Payments Guidelines 78

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 Innovation 186

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.

Fintech 183

Fintech blockchain Lending Digital Banking 183

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. This year in the US, JP Morgan launched mobile banking app Finn and Goldman Sachs’ retail banking arm Marcus crossed 1.5M Incumbents Play Catch-Up.

Retail 78

Retail Cards Millennials Mobile 78

Fintech Labs Insights

APRIL 12, 2024

Innovations from 1995 to 2014 (with launch dates) Note: Ranking as of Jan 2014 Wells Fargo is first in the world to offer Web-statement access (launched May 1995) Security First Network Bank launches first full-service Internet bank brand (Oct 1995, disbanded 2002) PayPal launches first online optimized payment system (Nov 1999, bought by eBay in 2003) (..)

Innovation 15

Innovation Fintech Online Mobile 15

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. Business Lending & Financing. General Lending & Marketplaces. Mortgage Lending.

Fintech 78

Fintech Lending Capital Analytics 78

PYMNTS

JULY 28, 2017

According to a press release, the average loan size for Lendio’s small business customers is $26,873, with the top five industries funded through the site being construction, restaurants, retail, healthcare and manufacturing. “Lendio is proud of the impact that $500 million in business loans is having on the American economy.

Los Angeles 101

Los Angeles South Carolina Capital California 101

PYMNTS

APRIL 10, 2018

Tienda Pago provides micro loans to small- and medium-sized retailers in the form of lines of credit that last one week. The company links SMB borrowers to financing via mobile phone and has already serviced 17,000 businesses since 2013, reports said. The company said it will use the funds to expand across Latin America.

Mobile 100

Mobile America Regional Marketing 100

PYMNTS

SEPTEMBER 11, 2019

In a bit of granular detail, the authority will offer up two “full bank” licenses, which will allow non-banking companies to offer a gamut of services, including taking on deposits from retail customers. As reported in this space earlier this year, as much as 70 percent of the population lacks bank accounts.

Digital Banking 160

Digital Banking Millennials Mobile Regulation 160

BankUnderground

JULY 29, 2020

However, the empirical literature, most prominently Heider, Saidi and Schepens (2019) , find that commercial banks generally do not push deposit rates to negative levels, so that negative policy rates compress banks’ net interest margins and hence their willingness to lend. Fiscal Policy. Macroprudential Policy.

Policies 106

Policies Lending System Tools 106

PYMNTS

AUGUST 16, 2016

. “When looking at trending data on this topic from the past five years, 2016 is showing the largest year-over-year increase for back-to-school shopping,” Jed Scala, American Express’ senior vice-president of consumer lending, said in a press release. That number is up from just 19 percent in 2013.

Lending 100

Lending Trends Data Report 100

Independent Banker

SEPTEMBER 22, 2015

Treasury program that’s the well-kept secret in small-business lending. In 2013, Columbia State Bank in Oregon used a 50 percent loan guarantee from the state of Oregon’s Business Oregon program to support a loan to Boneyard Brewery for the company’s expansion to a new, 15,000-square-foot facility. By Jessica Milano.

Oregon 70

Oregon Illinois Community Bank Lending 70

CFPB Monitor

FEBRUARY 25, 2015

For example, in a 2013 report , The Pew Charitable Trusts recommended that a payday loan should be presumed unaffordable, and prohibited as a result, if it required payments of more than 5 percent of a borrower’s pretax income. .” Payday Lending CFPB payday loan'

Study 60

Study Austin Texas Lending 60

South State Correspondent

AUGUST 16, 2023

We are seeing the lowest origination totals since 2013. Consumers are going through a revaluation valuing more retail products over travel products (i.e., There are issues with Fair Lending around trying to mitigate this risk, so banks are cautioned to proceed with counsel and risk review. restaging their wallet”).

Trends 195

Trends Cards Capital Data 195

ABA Community Banking

MAY 23, 2019

Sixty-one percent (up 11 points from 2013) said they could cover a $400 emergency expense in cash, a benchmark often cited by policymakers. The post Fed Survey: Unbanked Share of Americans at 6% appeared first on ABA Banking Journal.

Survey 40

Survey Community Bank Policies Community 40

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

Jeff For Banks

OCTOBER 23, 2017

In 2013, their non-performing asset/asset ratio was near 5%, down to 2% today. Commercial Real Estate ("CRE") loans grew from 29% of total loans in 2013 to 38% in the second quarter. It’s in their Annual Report. FFKT is not a client, and I do not know any non-public information about them.

Kentucky 66

Kentucky Analysis Capital Lending 66

PYMNTS

MARCH 3, 2017

This would bring a certain amount of stability eventually, but it could see short-term exuberance by retail traders.”. It’s a technology that’s very much in its infancy, and it’s not something that in my mind lends itself to being packaged as an ETF.”. “Perhaps key would be the institutional money which would flow into bitcoin.

Bitcoin 100

Bitcoin cryptocurrency Course Capital 100

CFPB Monitor

NOVEMBER 24, 2014

million new and used motor vehicle retail installment contracts originated during 2012 and 2013. 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

CB Insights

DECEMBER 19, 2019

From payments to insurtech to lending, fintech companies are attracting investor attention. The online insurtech company was launched in 2013 in a joint effort by China-based tech giants Alibaba, Tencent, and Ping An. Beijing-based electronics retailer Qudian raised nearly $955M in funding before going public at a valuation of $7.9B

Fintech 51

Fintech Regional Analytics Groups 51

CFPB Monitor

FEBRUARY 8, 2016

According to the CFPB press release , the CFPB did not assess a civil penalty “because of the proactive steps the company is taking that directly address fair lending by substantially reducing or eliminating discretionary pricing and compensation systems.” million in remediation to affected consumers.

Policies 60

Policies Company Compliance United States 60

PYMNTS

APRIL 17, 2017

Solutions such as Square Capital, Caviar (the food ordering and delivery service it acquired) and Instant Deposit (which puts money into merchant accounts immediately) not only helps its existing SMB customers navigate the changing retail world in which they were operating but also recruits larger merchants to the portfolio.

Apple 110

Apple Capital Cards Payments 110

Gonzobanker

NOVEMBER 9, 2015

We are rotating the team, as Misters Kilmer and Weikart reported that rehab from BAI Retail Delivery is taking a bit longer than estimated.) 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

PYMNTS

AUGUST 5, 2016

Now why, you might ask, would the biggest retailer in the world buy an eCommerce site that was facing a mega cash crunch in December and had to raise a whopping $550M just to keep the lights on? We said this in December 2013 when Target was hacked and every other time every other POS was hacked too. Unencrypted POS Data.

Bitcoin 100

Bitcoin Payments Samsung social media 100