CFPB Monitor

NOVEMBER 10, 2016

The CFPB was represented by Victoria Pawelski, Counsel, Supervision Policy, Supervision, Enforcement and Fair Lending. In addition to a CFPB representative, the presenters included representatives from the Fed, FDIC, OCC and NCUA. On November 9, 2016, the Federal Reserve hosted a webinar on overdraft practices.

FDIC 76

FDIC Policies Lending Report 76

PYMNTS

OCTOBER 1, 2019

Consumer, enterprise and SMB lending all ground to a near halt and underwriters across the spectrum struggled to regain equilibrium after a crisis in mortgage underwriting bloomed into a plague that destabilized the entire global economic system. The rising tide, it seemed, was lifting all boats. topped the number of ones that closed.

Data 135

Data Lending Capital Regulation 135

Abrigo

NOVEMBER 29, 2021

Financial institutions generate most of their income by lending and investment activities. million customers over "deceptive" overdraft enrollment practices between 2014 and 2018, Banking Dive noted in a recent article about growth in overdraft fees. Types of Noninterest Income. An important source of revenue.

Community Bank 195

Community Bank Community FDIC Trends 195

Abrigo

MARCH 17, 2015

According to the latest FDIC Quarterly Banking Profile, community banks continue to thrive and lead the industry. percent achieved that threshold in the fourth quarter of 2014 – they aren’t just competing with large, national banks; their community bank counterparts also account for much of their competition.

How To 150

How To Community Bank Community FDIC 150

Abrigo

FEBRUARY 16, 2015

Over the course of the last five years, the researchers noted that community banks'' market share (by assets) fell 12 percent, as well as lost momentum in market share in several lending categories. She noted that bank earnings were up more than 7 percent in the third quarter of 2014, compared with the same period the previous year.

Community Bank 150

Community Bank Community Regulation Lending 150

Jeff For Banks

JUNE 2, 2023

More recently and by comparison, the mortgage meltdown and subsequent global financial crisis took down more than 500 banks between 2007 and 2014, with total assets of nearly $959 billion. The old borrow short, lend long strategy. Although community banks did not lend to sub-prime borrowers in any meaningful way, did we participate?

FDIC 78

FDIC Community Bank Regulation Lending 78

PYMNTS

JULY 25, 2018

With a specialty in car loans, 321 Crédit has been a Cabot Square Capital company since 2014. In May of 2017, Financial Times reported that data released by the Federal Deposit Insurance Corporation (FDIC) showed the first sequential drop in outstanding car loans at commercial banks in at least six years. Cabot Square Capital, a U.K.

Capital 108

Capital FDIC Resources National 108

CFPB Monitor

JULY 9, 2020

The OCC’s decision to hurriedly issue the final rule on May 20, 2020 without achieving consensus with the FDIC, the agency with which the OCC had jointly issued the proposed rule, has drawn the ire of both consumer advocacy groups and Congress. First, consumer advocates have vigorously opposed the rule.

Groups 140

Groups Community FDIC California 140

Independent Banker

FEBRUARY 24, 2016

A whopping 95 percent of ICBA members are active commercial real estate (CRE) lenders, according to the latest ICBA Community Bank Lending Survey. Community banks that are growing their CRE lending will be a focus of examination activity in 2016, adds the regulatory statement. Responsible lending. Two recent speeches by U.S.

Community Bank 70

Community Bank Lending Community Regulation 70

PYMNTS

JULY 15, 2016

But when it comes to a tactic that plays rope-a-dope with the facts about something, say as serious as whether or not China hacked into the FDIC, then it is not at all cool. Top as in the very top: the FDIC chairman, his chief of staff, and the General Counsel. Lending Club Algorithms . Really, since when?).

Retail 100

Retail FDIC Bitcoin Lending 100

PYMNTS

OCTOBER 13, 2016

Kabbage is a data and technology platform that enables real-time lending. The goal of all that money is, of course, to lend to small business owners. That was a challenge that it was definitely unexpected where we had to come up with an alternative and now we’re happy to be working with an FDIC regulated bank.”.

Regulation 100

Regulation Lending US FDIC 100

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

Jeff For Banks

DECEMBER 16, 2022

They provide white label payments and depository services (think Paypal, Chime) and deploy that funding into specialized lending programs such as lending to wealth management firms, commercial fleet leasing, and real estate bridge lending. It has not been all sunshine and rainbows for TBBK.

Puerto Rico 78

Puerto Rico Virgin Islands Community Community Bank 78

Jeff For Banks

AUGUST 2, 2014

August 2, 2014 Mr. John Whatshisname Examiner In Charge Bank Regulatory Body 1 Bureaucrat Way, NW Washington, DC 20429 Mr. Whatshisname, Below is our response to the Matters Requiring Attention ("MRA") that were included in your most recent examination report on Schmidlap National Bank ("Schmidlap"). And Schmidlap is not gonna take it.

Regulation 95

Regulation DC FDIC Analytics 95

CFPB Monitor

FEBRUARY 2, 2015

As a follow up to a January 2014 meeting with private student loan lenders and servicers convened by Director Cordray and Education Secretary Arne Duncan, the CFPB sent letters last week to certain “market participants” requesting information about current and planned loan modification options. Culhane, Jr. Information Requests.

Industry 60

Industry FDIC Meeting Regulation 60

Jeff For Banks

APRIL 14, 2022

Inside the FDIC: Thirty Years of Bank Failures, Bailouts, and Regulatory Battles 2015 Louis D. Stress Test: Reflections on Financial Crises 2014 Carter H. Guardians of Prosperity: Why America Needs Big Banks 2013 John F. Bovenzi Bovenzi, John F. Brandeis Brandeis, Louis D. Calomiris Calomiris, Charles W. Federal Deposit Insurance Corp.

America 78

America National Denver United States 78

Independent Banker

SEPTEMBER 25, 2014

As David Barr, spokesperson for the FDIC, points out, “a vast majority of community banks remain well-rated and exhibit satisfactory corporate governance programs and compliance management systems.”. The first-quarter 2014 edition of the “Quarterly Banking Profile” notes that year-over-year loan growth at community banks reached 6.6

Compliance 101

Compliance Regulation Community Bank Community 101

Independent Banker

JULY 30, 2015

While all of ICBA’s members are FDIC-insured, the association represents Federal Reserve member banks, nationally chartered banks and state-chartered institutions. An award-winning, monthly magazine that provides in-depth industry news, including member profiles, lending and technology trends, and expert insights. Independent Banker.

Resources 70

Resources Tools Community Bank Community 70

CB Insights

DECEMBER 4, 2019

Through trial and error, the company has set up key financial pillars across payments, cash deposits, and lending. Webpay failed to gain user traction and was shut down in 2014, unlike up-start Venmo (now a part of rival payments processor PayPal). Amazon Lending. Table of Contents: Amazon’s product strategy. adults and 6.4M

Cards 101

Cards Lending Strategy US 101

Fintech Labs Insights

SEPTEMBER 9, 2014

At the end of the contract period, between 3 and 12 months, the user gets their money back (without interest) or can use the funds as a down payment on a vehicle or other item with the balance financed by Self Lender lending partners ( see screenshot below ). The funds are held in an FDIC-insured account. Source: NY Times, 6 Feb 2012.

Denver 25

Denver FDIC Bitcoin Security 25

Fintech Labs Insights

NOVEMBER 10, 2023

161 $323 21 Branch 357 2015 Minneapolis 222,000 $633 22 Albert 315 2015 LA 1,270,000 $176 23 Current 307 2015 NYC 856,000 $402 24 Greenlight 302 2014 Atlanta 458,000 3.8 197,000 $1,700 2 Robinhood 6080 2013 SF 17,190,000 $6,200 3 SoFi 4017 2011 SF 13,080,000 4.6 8,860 $2,300 6 Upgrade 1426 2016 SF 3,013,000 4.5

Digital Banking 15

Digital Banking Online Atlanta Las Vegas 15

Banking 2020

MARCH 10, 2015

The rapid emergence of crowdfunding, alternative lending, and peer-to-peer transactions strongly indicates that small businesses are shifting away from the traditional banking environment. According to FDIC Data Calls as outlined in the Forbes , in the 4th Quarter of 2014, traditional banks’ commercial loan portfolios saw a 3.1%

Community 40

Community Lending Capital Conference 40

Independent Banker

SEPTEMBER 22, 2015

Avoiding potential lending hazards from regulatory flood-insurance requirements. Recently Congress passed the Biggert-Waters Flood Insurance Reform Act of 2012, followed by the Homeowner Flood Insurance Affordability Act of 2014 (HFIAA). By Lindsay LaNore. 1, 2015, in the agencies’ flood regulations. Force-placed insurance.

Regulation 70

Regulation Policies Community Bank Taxes 70

Fintech Labs Insights

APRIL 17, 2017

In 2014, things changed significantly for these investors; historically if they didn’t have $40,000 for a down payment on an investment property loan or $4 million to spend on commercial property development, they would be out of luck. Patch of Land ( FF 2014 demo ). Realty Mogul ( FS 2014 demo ). LendingHome.

Technology 19

Technology Montana Company Management 19