American Banker

AUGUST 6, 2020

Credit card balances declined most sharply as consumers cut back their spending due to the coronavirus pandemic and associated shutdown orders, the New York Fed said Thursday. But delinquencies also fell across all debt categories, thanks to government and lender relief efforts.

New York 99

New York Cards Lending 99

PYMNTS

MAY 25, 2018

We have a lot of predatory lending out here, which we want to regulate,” Geoffrey Mwau, director general of budget, fiscal and economic affairs at the country’s treasury, said on Thursday (May 24). Suri told the paper the kiosks act as debit cards. Once the money is deposited, Kenyans can spend it anywhere in the country.

Regulation 101

Regulation Lending Mobile Course 101

PYMNTS

DECEMBER 10, 2016

Two years ago today, Lending Club was ringing the bell on an IPO that one early investor called “a no-brainer.”. Lending Club’s model does not need bank branches on each street corner, and it can turn around in minutes and hours, not days. “I So what went so right for LendingClub two years ago today at its IPO — and then so wrong?

Lending 100

Lending Compliance Capital Marketing 100

CFPB Monitor

JUNE 15, 2015

The CFPB has announced that its FY 2014 service contract inventory is available for public viewing. The inventory provides information on service contracts over $25,000 funded by the CFPB in FY 2014. These obligations represented, respectively, 18.96% and 16.84% of the CFPB’s total FY 2014 obligations. ” .”

Analysis 60

Analysis Study Analytics Lending 60

PYMNTS

SEPTEMBER 5, 2016

Changes to commercial card regulations could be tripping up small businesses in Australia, according to reports on Friday (Sept. Paying with a commercial card means up to 55 days interest-free (an offer from the cards’ issuing banks). An interchange fee cap means less profits for the banks. would impact the market.

Regulation 100

Regulation Cards Report Lending 100

Perficient

JULY 11, 2022

Here are critical facts to know about some of the most popular BNPL service platforms: Afterpay: Afterpay was founded in Australia in 2014 but was acquired by fintech Square earlier this year. When deciding whether to use a BNPL service for a purchase, it is essential to read the fine print.

Fintech 474

Fintech Trends South Dakota Apple 474

PYMNTS

JULY 22, 2016

It feels like 2014 again with the ongoing popularity of alternative lending startups. Earlier this week, reports emerged that some alternative lending and industry professionals are beginning to heighten their anxieties about incoming regulation, particularly as some ponder whether the U.S. Alternative Lending.

Lending 100

Lending Regulation Big Data Risk Management 100

PYMNTS

JULY 18, 2016

Lending Club continued to prove there is almost always more to the story, American Express announced a surprise collaboration with Airbnb and PayPal pushed harder into B2B payments. Lending Club’s Latest Bad News. The last several weeks of news for Lending Club suggest that there’s a little of both to be had here.

Lending 100

Lending Payments Metro Cards 100

CFPB Monitor

JULY 23, 2021

Credit cards, auto loans, and personal loans are widely available at risk-based rates under a 36 percent MAPR. A MAPR limit of 28 percent would likely have no impact on servicemembers’ access to credit cards, assuming card issuers meet exemptions for eligible bona fide fees when calculating the MAPR.

Report 78

Report Lending Cards National 78

Gonzobanker

NOVEMBER 18, 2014

Pointing to creating sales opportunities with branch traffic declines, Verba talked about the power of instant issue/replacement debit cards and 1 million gift cards issued a year. Visa had a quiet presence that was a large part of focus on anything related to credit cards. So, isn’t retail delivery about consumer lending?

Chicago 97

Chicago Retail Branch Design Training 97

PYMNTS

APRIL 25, 2016

Plus, the latest analysis on alternative lending demand, expense management fraud and the gap between what CFOs have for their companies and what they need. Of course, we have the quarterly numbers, too, including insight into how American Express’ commercial card business is holding up. billion worth of the industry in 2014.

Fraud 100

Fraud Cards Lending Analysis 100

CFPB Monitor

MAY 3, 2016

The CFPB has issued a report covering its fair lending activities during 2015. The report states that in 2015, CFPB fair lending supervisory and public enforcement actions required institutions to provide approximately $108 million in remediation. Much of the information contained in the report was the subject of previous blog posts.

Lending 60

Lending Report Compliance Meeting 60

PYMNTS

JULY 1, 2019

While it gears up to apply for a digital banking license in Singapore, cross-border payments firm InstaReM is reportedly seeking lending business partners. Nanu continued per reports, “One key aspect where we have limited ability is lending and we will be looking to partner to create the lending experience in the same technology stack.”.

Digital Banking 123

Digital Banking Lending America Report 123

PYMNTS

AUGUST 12, 2016

Upserve is said to have a fancy, slick restaurant management algorithm that could help Square Capital refine its own fancy, slick risk management algorithm to make better lending decisions. This could come as a welcome relief, as lending decisions will be based on data about the viability and success of the business, which helps everyone.

Lending 100

Lending Apple Cards Study 100

PYMNTS

JANUARY 2, 2019

According to a report citing data from the Federal Reserve, consumer debt — which includes credit cards , auto loans, student loans and personal loans — is expected to hit $4 trillion this year. According to data from Experian, the credit scoring company, consumers owe on average $6,826 on credit cards, which is 1.9

Cards 131

Cards Lending Report Data 131

Gonzobanker

MAY 8, 2015

The annual LendIt conference was held last month at Times Square in New York City and GonzoLender descended boldly on the scene to evaluate the mysterious underbelly of digital lending. The lending attack on community banks and credit unions has been waged. LENDING VERTICALS. peer-to-peer or Marketplace) and lending vertical.

Conference 60

Conference Lending Community Bank Community 60

PYMNTS

APRIL 26, 2018

Payday and short-term lending is an approximately $6 billion-a-year industry, one that both critics and supporters of payday lending agree will take a major hit if the CFPB’s proposed rules were to go through. Postal Service could make $8.9

Retail 119

Retail Lending New York Community 119

Independent Banker

OCTOBER 1, 2022

In the absence of explicit federal guidelines, banks and regulators follow the 2014 FinCEN guidance and the Cole Memo guidelines published under the Obama administration. which began banking CRBs in 2014, the regulatory requirements align with standard Bank Security Act (BSA) requirements. in Longview, Wash.

Marketing 113

Marketing Compliance Community Community Bank 113

Abrigo

JANUARY 22, 2015

Over the first half of 2014, these banks, with an approval rate of just under 60 percent, beat out large national banks (31 percent), large regional banks (45 percent) and online lenders (38 percent). While the approval rates are high and portfolios are expanding, the OCC did point out that lending standards continued to soften.

Community Bank 150

Community Bank Community Regional Cleveland 150

Bank Innovation

JUNE 23, 2016

Launched in 2014, Ant Financial Read More. Lucy Peng, CEO, Ant Financial Ant’s latest fundraising round – the largest ever anywhere – of $4.5 billion, and its overall valuation of more than $60 billion, have turned the Alibaba spinoff into one of the most valuable private tech companies in the world.

Innovation 284

Innovation Company social media Operations 284

PYMNTS

MARCH 14, 2018

“We will continue developing and rolling out our app and credit card as planned, [now] with a little more spring in our step. Founded in 2014 by Ford, London-based Pariti is a mobile app that has access to your existing bank accounts. In addition, Pariti also has integrations with lending FinTechs Zopa and Lendable.

Management 100

Management Lending Fintech Data 100

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. Additionally, LendingClub’s stock has lost 88 percent of its value since its 2014 IPO.

Fintech 183

Fintech blockchain Lending Digital Banking 183

PYMNTS

JUNE 25, 2018

In a ruling Monday morning (June 25), the Supreme Court of the United States ruled that American Express , the third-largest card network in the U.S., did not violate federal antitrust laws with business practices — known as anti-steering — that prohibit merchants from, in turn, dissuading consumers from using American Express cards.

Ohio 103

Ohio Cards Exercises United States 103

Bank Innovation

MAY 1, 2016

Robinhood: On Target Launched in December 2014, Robinhood is a zero-fee stock trading app that quickly gained popularity among financially ambitious millennials. Robinhood was paid the enormous compliment of having “cracked the millennial code” by none other than Jay Sidhu, CEO of Customers Bank and founder of BankMobile.

Millennials 240

Millennials social media Operations Cards 240

PYMNTS

AUGUST 8, 2018

LendingClub had acquired the business in 2014 for $140 million. And the push for said turnaround is paying off, Sanborn said — and LendingClub is seeing its investors return, its originations go up and consumers begin to trust it as an alternative form of credit underwriting that is cheaper for consumers than the average credit card rate.

Report 100

Report Lending US Cards 100

Bank Innovation

AUGUST 28, 2017

Founded in 2014, Baltimore-based Blispay provides point of sale financing for customers of small and medium-sized merchants. EXCLUSIVE — Point of sale financing provider, Blispay is looking at partnerships as its next phase of growth.

Baltimore 170

Baltimore Innovation Company Cards 170

Celent Banking

NOVEMBER 17, 2015

In the FinTech space, much of the focus is on consumer-oriented solutions like Mint for financial management, Venmo for P2P payments, and Prosper for social lending. Many of the top FinTech companies—Square for card acceptance, Stripe for e-commerce, and Kabbage for business loans, have gained prominence serving primarily small businesses.

Report 100

Report FDIC Lending Fintech 100

PYMNTS

APRIL 2, 2018

The bank offers corporate banking, retail banking, treasury management, capital markets, credit cards and wealth management services in a range of consumer and corporate offerings. In February, alternative lending company TruFin, based in the U.K., An F-1 registration statement revealed the bank’s plans for an IPO in the U.S.,

US 112

US Capital Regional Analysis 112

Fintech Labs Insights

APRIL 12, 2024

The last one, published in Jan 2014, featured 50 innovations (see below). I will update with milestones from 2014 to today and publish next month. Note: These are the rankings from 10 years ago. I’m taking suggestions here (so far: crypto, BNPL, earned-wage access, chatbots, deposit networks).

Innovation 15

Innovation Fintech Online Mobile 15

PYMNTS

MARCH 1, 2016

Overall, 2015 venture capital investment levels dipped compared to 2014, though only slightly compared to the fraction of investment seen just three and four years ago. The alternative lending platform focuses on student lending, but some of the top U.S. It amounted to about $12.5 Global Breakdown. reigned supreme.

Fintech 100

Fintech Lending Capital Innovation 100

PYMNTS

MAY 2, 2017

Auto lending, particularly to subprime borrowers, has been looking especially concerning as delinquencies and default rates have steadily climbed. And auto lending is not the only alarm bell currently going off — student loans are also showing a spike in defaults. Card Weakness. trillion in loans currently outstanding.

Millennials 103

Millennials Lending Capital Cards 103

Bank Innovation

AUGUST 11, 2016

The program, launched in May 2014, allows merchants who charge less than $1 million a year through American Express, to use one of 18 merchant processors to secure a lower discount rate. American Express today dispelled market rumors that it would expand its OptBlue program. Market participants tell Bank Innovation Read More.

Innovation 150

Innovation Marketing Security System 150

PYMNTS

FEBRUARY 13, 2019

Since its launch in 2014, Insikt has provided more than $390 million in affordable, credit-building loans to 320,000 borrowers. The company doesn’t intend to open storefronts, but will continue to work through its partner network to help them offer lending services to their customers as a loyalty boost. Emerging From Invisibility.

How To 144

How To Lending Branding Tools 144

PYMNTS

DECEMBER 27, 2016

Wells Fargo was just a bank that was really good at getting its customers to sign up for credit cards, and Lending Club and its P2P counterparts were coming to eat mainstream banking’s lunch. They should, however, be commended for lending money. P2P (Marketplace) Lending. And they are.

Lending 117

Lending New York DC Cards 117

CFPB Monitor

JULY 25, 2016

The CFPB describes its supervisory work and highlights enforcement actions involving credit cards, mortgage servicing, mortgage discrimination, RESPA, mortgage modification scams, auto finance, checking accounts, payday and installment loans, debt collection, student lending, debt relief services, consumer reporting, and wireless cramming.

Resources 60

Resources Cards Lending Tools 60

CFPB Monitor

MARCH 13, 2015

In its Winter 2015 Supervisory Highlights , which covers supervision work generally completed between July and December 2014, the CFPB highlights legal violations resolved using non-public supervisory actions involving debt collection, consumer reporting, overdraft practices, mortgage origination, and fair lending. Fair lending.

Report 60

Report Lending Compliance Regulation 60

Tech and Finance

SEPTEMBER 16, 2019

And we don’t provide just access to your money, you can pay bills, load cards, you can call Uber, pay for Amazon through us. PayActiv, which launched in 2014, now has more than 100 participating employers, including Walmart where it works with Even’s Pay Access, and empowers more than one million employees, Shah said.

Lending 39

Lending ATM Cards Community 39