PYMNTS

FEBRUARY 6, 2018

Veterans often find it extremely difficult to secure bank funding, despite the fact that a myriad of programs exist to encourage entrepreneurship among those who have left the military in good standing. That rate, he noted, is based on more than mutual soldier loyalty, as StreetShares has other lending requirements. What’s Next.

Lending 119

Lending Virginia United States Capital 119

PYMNTS

MARCH 4, 2020

Securities and Exchange Commission (SEC) to have a contingency plan in the event of service interruption, CNBC reported. Robinhood was founded in 2013 in Silicon Valley by Vladimir Tenev and Baiju Bhatt. It doesn’t charge any fees and earns revenue from interest earned on customers’ cash balances and margin lending.

System 213

System Lending Marketing US 213

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

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. Broken down a bit, business lending was most prevalent in countries such as Singapore, the Netherlands and Japan.

Fintech 172

Fintech Lending United States Regulation 172

Abrigo

MAY 5, 2022

Using Data to Acquire, Engage, and Retain Banking Customers,” and “Customer Identity: Balancing Security and Seamless Banking Experiences.” 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. Lending & Credit Risk. keep me informed.

Community 195

Community Lending Maine Resources 195

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

JANUARY 30, 2020

Department of Homeland Security. Ward will serve as Assistant Director of Enforcement in the Supervision, Enforcement & Fair Lending Division. Mr. Wernecke has served at the Bureau since 2013, most recently as the Section Chief in the Consumer Response Product Office. Department of Justice.

Regulation 78

Regulation Policies Lending Community 78

PYMNTS

AUGUST 11, 2017

According to a report by the country’s 12 regional Federal Reserve banks, over half of all startups report difficulty in securing loans, and 81 percent report having had to dip into their personal funds to cover gaps in their corporate cash flow. And they did. Plus, PayPal can do what it most wants to: meet more of the needs of its customers.

Lending 117

Lending Capital Video Online 117

PYMNTS

AUGUST 18, 2016

But when the CFPB went to court shortly after (this was in 2013) – it turned out that both of those applicants were mystery borrowers who were working for the agency to test for bias. The black applicant had a higher stated income and credit score than the white applicant. The white applicant got a lager loan for more favorable terms.

Lending 100

Lending Alabama Security Marketing 100

PYMNTS

NOVEMBER 15, 2017

Wells Fargo Advisors and the Securities and Exchange Commission (SEC) reached a settlement this week resolving charges that the bank dropped the ball in reporting suspect activities pertaining to money laundering for several years. According to a MarketWatch report published Tuesday (Nov.

Report 155

Report Policies Training Fraud 155

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

BankUnderground

MARCH 6, 2024

Paul and Zhou (2018) define refinancing risk as the potential inability of a borrower to secure new financing to replace existing debt coming due. This is in part because the pre-GFC period was characterised by relaxed lending standards, and excessive leverage levels. in 2013 ( Bank Rate of 0.5% What is refinancing risk?

Policies 71

Policies Lending Data Marketing 71

PYMNTS

NOVEMBER 16, 2017

As for the bank’s mortgage and consumer lending business, the executive said that Wells Fargo is focused largely on prime jumbo loans that have little chance of defaulting. Department of Treasury, Wells Fargo failed to do so — or to do it in a timely manner — on 50 or more occasions between March 2012 and June 2013. .

Conference 134

Conference Cards Lending Report 134

PYMNTS

OCTOBER 17, 2019

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

Digital Banking 107

Digital Banking San Francisco Leadership Cards 107

Abrigo

JANUARY 13, 2015

According to Palm Springs FCU President & CEO Debbi Pitigliano, the drive was provided to the NCUA and contained members’ personal information, including names, addresses and social security numbers. Target’s late 2013 breach is among the largest in recent memory, affecting over 70 million individuals.

Lending 150

Lending Regulation Data How To 150

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. trillion; on security-related hardware, software and services at 10 percent a year from a 2018 base of $91.4

Fintech 183

Fintech blockchain Lending Digital Banking 183

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

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

Bankelele

OCTOBER 21, 2015

The total SME lending portfolio in December 2013 was estimated at Kshs. According to Treasury, the scheme was discontinued because “the intention was not for the Government to lend, but to create an incentive for banks to engage with SMEs”. 332 billion, representing 23.4% of all banks’ total loan portfolio. It takes 4.5

Lending 28

Lending Capital Analysis Mobile 28

PYMNTS

APRIL 4, 2016

We examine the findings from several market reports on small business access to capital, lending, growth and employment. That’s up from 57 percent in 2013. Researchers also found that the number of B2B buyers that spent at least 90 percent of their budgets online has doubled between 2013 and 2014, from 9 percent to 18 percent.

Survey 100

Survey Lending Analysis Management 100

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

PYMNTS

AUGUST 8, 2017

Back in September of 2013, the Federal Trade Commission said it charged Money Now Funding (MNF) with running a deception business scheme that told consumers they could earn thousands of dollars by lending money to small businesses. The court in that case ruled the promises made by the company were false.

Cards 112

Cards Fraud America Lending 112

PYMNTS

DECEMBER 8, 2017

The Consumer Financial Protection Bureau’s new interim head, Mick Mulvaney , is looking at Wells Fargo’s case to see if it should be on the hook for tens of millions of dollars over mortgage lending abuse, reported Reuters. In November, the Bureau accepted an internal review from Wells Fargo and set settlement terms.

Lending 108

Lending Regulation Report Company 108

PYMNTS

OCTOBER 1, 2018

Both the Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) have officially ended a two-year investigation of LendingClub, its subsidiary LC Advisors (LCA), its founder and former CEO Renaud Laplanche and its former CFO Carrie Dolan. lending marketplace. On Friday (Sept. Attorney Alex Tse. “We The Response.

Lending 135

Lending Fraud Management San Francisco 135

CFPB Monitor

NOVEMBER 7, 2016

for alleged violations of the Truth in Lending Act and the Consumer Financial Protection Act in connection with closed-end consumer loans made by the company. While the complaint only describes the loans as closed-end loans secured by personal property, the CFPB’s press release describes the loans as “pawn and auto title loans.”

Virginia 83

Virginia Regulation Lending Examples 83

Fintech Labs Insights

APRIL 12, 2024

I’m taking suggestions here (so far: crypto, BNPL, earned-wage access, chatbots, deposit networks).

Innovation 15

Innovation Fintech Online Mobile 15

PYMNTS

APRIL 10, 2018

Reports in ImpactAlpha on Monday (April 9) said Peru-based Tienda Pago, which operates in Peru and Mexico, secured $7.5 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

CFPB Monitor

JULY 29, 2022

The action is notable in that it is the first time the FTC has brought an action under the Military Lending Act (“MLA”). On July 20, 2022, the Federal Trade Commission (“FTC”) and 18 state attorneys general led by New York Attorney General Letitia James announced that they have entered into a settlement with Harris Originals of NY, Inc.

National 78

National Retail Regulation New York 78

PYMNTS

MARCH 3, 2017

The big news this week in cryptocurrency is, of course, bitcoin hitting new record highs amid the possibility that the Securities and Exchange Commission (SEC) could approve a bitcoin exchange–traded fund. Some are worried, for instance, about security risks surrounding a bitcoin-based ETF given the cryptocurrency’s rocky history.

Bitcoin 100

Bitcoin cryptocurrency Course Capital 100

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. How do I know this without having inside information about the Company and Bank? It’s in their Annual Report.

Kentucky 66

Kentucky Analysis Capital Lending 66

PYMNTS

MARCH 14, 2017

With the possible exception of a social security number, a credit score is really one of the more impactful set of digits in a consumer’s life. According to an FTC report in 2013, a full 20 percent of consumers have an error on at least one of their three major credit reports.

Taxes 100

Taxes Report Data Lending 100

Fintech Labs Insights

APRIL 27, 2016

This week, small business lender Mayava Capital honored the most influential people in small business lending in its Marketplace Lending Power 20 awards. The recipients in order of rank: Lending Club CEO & Founder, Renaud Laplanche. Added a small business lending option in 2015. Took the company public in 2014.

Lending 12

Lending San Francisco Utah Capital 12

Fintech Labs Insights

FEBRUARY 22, 2022

Circle Internet Financial. July 2021 SPAC (proposed). Fireblocks. Jan 2022 round. Infrastructure. Nov 2021 round. Dec 2021 round. Blockchain.com. Mar 2021 round. Chainalysis. June 2021 round. Aug 2021 round. Mar 2021 round. Celsius Network. Oct 2021 round. Amber Group. June 2021 round. April 2021 round. May 2021 round. Mercado Bitcoin. MobileCoin.

Fintech 15

Fintech Bitcoin blockchain Lending 15

Fintech Labs Insights

FEBRUARY 22, 2022

Circle Internet Financial. July 2021 SPAC (proposed). Fireblocks. Jan 2022 round. Infrastructure. Nov 2021 round. Dec 2021 round. Blockchain.com. Mar 2021 round. Chainalysis. June 2021 round. Aug 2021 round. Mar 2021 round. Celsius Network. Oct 2021 round. Amber Group. June 2021 round. April 2021 round. May 2021 round. Mercado Bitcoin. MobileCoin.

Fintech 15

Fintech Bitcoin blockchain Lending 15

PYMNTS

OCTOBER 25, 2019

In case one doesn’t know (hey, the hotel industry is undergoing some significant development), OYO is an India-based operator of economy and mid-economy hotels that launched in 2013, is now active in some 80 countries and is trying to increase its U.S. market share as this new decade looms. One way to play harder in the U.S. properties.

Online 100

Online US Trends Operations 100

Jeff For Banks

DECEMBER 7, 2019

I also filtered for anomalies such as recent merger announcements, turnaround situations (losses suffered from 2013 forward), mutual-to-stock conversions, stock dividends/splits without price adjustments, and penny stocks. It is the Mountlake Terrace, Washington holding company for 1st Security Bank, a $1.7 FS Bancorp, Inc.

Indiana 78

Indiana Oregon South Dakota Community Bank 78

Fintech Labs Insights

NOVEMBER 10, 2023

The first, online bank Security First Network Bank (SFNB) launched in 1995, just a year after Amazon.com. 197,000 $1,700 2 Robinhood 6080 2013 SF 17,190,000 $6,200 3 SoFi 4017 2011 SF 13,080,000 4.6 124 $66 27 Axos 220 2013 1,110,000 $0 28 Majority 126 2019 Stockholm 168,000 4.6 10 $15 37 GoBank 35 2013 LA 189,000 1.4

Digital Banking 15

Digital Banking Online Atlanta Las Vegas 15