Abrigo

FEBRUARY 2, 2015

For most consumers who have a checking account, savings account and maybe a mortgage, the regulations placed on their community bank isn’t given a second thought. Two recent surveys addressing the community banking landscape have pointed to increasing regulations as the primary cause of stress for these institutions.

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Community Bank Community Regulation Survey 150

PYMNTS

APRIL 17, 2019

Monthly lending volumes have also dropped 60 percent. Supporters of the P2P industry said that since banks aren’t always willing to lend to small businesses, P2P lending plays a critical role in making sure funding goes where it’s needed. In January, P2P lenders numbered around 1,000, down from 2,350 in the middle of 2007.

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PYMNTS

FEBRUARY 24, 2016

When OnDeck first went public in 2014, around the same time that fellow alternative lender Lending Club did, it signaled the possibility of a new era of small business finance. But the company, at the time, admitted disappointing results from a marketing campaign, as well as the challenge of an increasingly saturated alt-lending scene.

Lending 100

Lending Leadership Online Regulation 100

CFPB Monitor

JUNE 11, 2015

The Federal Trade Commission has provided its annual Financial Acts Enforcement Report to the CFPB covering the FTC’s enforcement activities in 2014 related to compliance with Regulation Z (Truth in Lending), Regulation M (Consumer Leasing), and Regulation E (Electronic Fund Transfers). Reg E/EFTA.

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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?

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Abrigo

AUGUST 20, 2015

According to recent data from the Agricultural Finance Databook , non-real estate farm loan volumes continued to rise in the second quarter of 2015, increasing by five percent over the second quarter of 2014. This growth continues the trend from the first quarter of 2015 , which saw an increase of eight percent year over year.

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PYMNTS

SEPTEMBER 5, 2016

Changes to commercial card regulations could be tripping up small businesses in Australia, according to reports on Friday (Sept. Analysts have also examined how including commercial cards in swipe fee regulations in the U.S. An interchange fee cap means less profits for the banks. would impact the market.

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PYMNTS

OCTOBER 18, 2016

Lending Club has had a tough year. In early May, news broke that Lending Club had played fast and loose with its documents and disclosures, including the fact that then-CEO Renaud Laplanche had failed to disclose a personal stake in a firm Lending Club had an investment relationship with. The revelations were shocking.

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PYMNTS

FEBRUARY 18, 2020

LendingClub provides personal lending online, and it wants access to funding that is more stable and not as expensive. The bank is one of a few smaller lenders that has teamed up with FinTechs who need services only an FDIC-regulated institution can provide. It had a huge initial public offering (IPO) in 2014, with an $8.5

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Fintech FDIC Boston Lending 242

PYMNTS

SEPTEMBER 30, 2020

It would instead offer payment companies a national servicing platform to replace the regime of state regulations such firms would be subject to under existing laws. Commercial companies accessing a payments charter would avoid oversight and regulations that protect the financial system and consumers,” the bank industry leaders wrote.

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PYMNTS

MARCH 29, 2016

Post-financial crisis, amid economic recovery, financial institutions across the EU have been calling for a cut in capital charges if they are to ramp up their lending, especially to SMEs. The latest figures show levels of bank lending to large corporates has recovered back to pre-crisis levels. Apparently, it hasn’t.

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Lending Capital Report Regulation 100

PYMNTS

MARCH 2, 2016

billion goodwill impairment charge tied to its consumer lending unit. And, in another bit of not-so-good news, the bank said that executives at the consumer lending unit have delayed filing the annual report mandated by the Securities and Exchange Commission, due to lingering concerns on how Santander Consumer USA Holdings Inc.

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Lending US United States Company 100

BankInovation

NOVEMBER 6, 2023

While the Consumer Financial Protection Bureau plans to step up enforcement action in the lending sector, the federal watchdog has yet to implement measures laid out in its own information security audits dating back to 2014. At a consumer rights conference Oct.

Security 59

Security Conference Lending Regulation 59

CFPB Monitor

NOVEMBER 3, 2014

Klein The Federal Reserve Board indicated it is scrutinizing mortgage loan pricing models that comply with Regulation Z but nonetheless, in the view of the Board, significantly increase fair lending risk. Fair Lending Mortgages disparate impact LO Comp Rule mortgage lending origination' here and here.

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Jeff For Banks

AUGUST 2, 2014

My firm will occasionally provide feedback on correspondence to our clients'' regulators. I thought about what we should have said to the regulator, versus the sweet words I was encouraging our client to use. Below is a sample letter to your regulator, saying it like you mean it. Today we did just that. Truth is, I haven''t.

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Regulation DC FDIC Analytics 95

Jack Henry

JUNE 3, 2015

According to the Commercial Finance Association’s annual survey, asset based lending (excluding factoring) commitments rose to $216 billion by the end of 2014, with funded balances reaching $90 billion. During a year that saw a return to commercial real estate lending for many, working capital lines were also clearly a factor.

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Lending Capital Survey Trends 60

Independent Banker

SEPTEMBER 25, 2014

The better prepared, the less likely they are to run afoul of the continually shifting regulations. Regulators and industry consultants agree that community banks are generally doing a great job handling their regulatory oversight and requirements. Be aware of existing or emerging risk concerns. increased operational risks.

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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

PYMNTS

APRIL 22, 2016

Reports on Thursday (April 21) said China’s financial institutions boosted small business lending by 14.5 That growth rate surpassed those of lending to mid-sized and large corporates, reports said. percent in 2014, its slowest rate in two decades. percent in March. The data, released by the central bank, revealed $2.8

Lending 100

Lending Regulation Report Data 100

PYMNTS

OCTOBER 22, 2020

In today’s top payments news around the world, Swedish peer-to-peer (P2P) lending upstart Lendify has reportedly secured $115 million of funding, while international trade platform Contour has teamed with information technology (IT) solutions firm Mphasis. Swedish Startup Lendify Closes $115M Funding Deal.

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Security Groups Payments Regulation 134

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.”.

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Digital Banking Lending America Report 123

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.

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Lending Report Compliance Meeting 60

PYMNTS

SEPTEMBER 26, 2018

Australian regulators on Tuesday (Sept. Regulators probed the banks’ breaches of law in a review scrutinizing operations between 2014 and 2017, according to reports. 25) criticized top banks in the country for what authorities called inadequate reporting of breaches of financial law. Those breaches resulted in $361.9

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Regulation National Compliance System 108

Abrigo

JANUARY 13, 2015

During an October 2014 NCUA examination of Palm Springs Federal Credit Union (FCU), a confidential flash drive went missing. In fact, as of Q3 2014, 43% of companies suffered from a data breach in the past year according to a report from the Ponemon Institute – an increase of 10% over the previous year. Blog Bank Credit Union'

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Lending Regulation Data How To 150

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.

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Data Lending Capital Regulation 135

PYMNTS

MAY 1, 2018

Bitcoin, marketplace lending — pick your poison — they came to disrupt, but the jury is still out on whether they can ever achieve that goal. And new EU regulations like GDPR may be a sea change in how business worldwide will get done, but no one seems to know if that change will come as an easy, rising tide or a tsunami of transformation.

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ATM blockchain Bitcoin Lending 109

Abrigo

JUNE 22, 2015

On June 18th, the board of the National Credit Union Administration (NCUA) unanimously approved five items , including a proposed rule aimed at modernizing member business lending (MBL). Small business lending at credit unions has continued to increase over the last several years. billion in 2014 from only $13.4 billion in 2004.

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Lending Regulation Policies Meeting 150

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.

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Fintech Trends South Dakota Apple 474

Abrigo

JULY 9, 2015

The report, based on data through the end of 2014, discusses risks facing national banks and federal savings associations, and focuses on issues that pose threats to the safety and soundness of those OCC-regulated institutions. For example, net income declined 4 percent year over year. percent versus a 3.5

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Maine Policies Survey Lending 150

PYMNTS

SEPTEMBER 28, 2016

Investors have cooled off to alternative lending in the U.S. Just look at the near-immediate struggle faced by Lending Club and OnDeck after their IPOs in 2014, or more recently, the knock-on effect Lending Club’s less-than-noble lending practices have had on investor confidence in other marketplace lenders.

Lending 100

Lending Regulation Capital Industry 100

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

MAY 24, 2016

are dropping by nearly $145 million every month, according to new analysis from online marketplace lending site Funding Options. The company, which revealed the statistic on Monday (May 23), said recent regulations pertaining to bank overdrafts have caused the steep decline in small business lending volumes.

Lending 101

Lending Trends Regulation Analysis 101

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.

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PYMNTS

JANUARY 25, 2017

billion recorded in 2014. Will 2016 once again present an explosion in alt-lending transaction value? His remarks reflect the fact that success of the alternative lending space cannot be measured solely by transaction volume and value. The debate continues to rage over the future of alternative lending.

America 100

America Lending Regulation Regional 100

PYMNTS

APRIL 21, 2016

The alternative finance industry boomed post-2008 financial crisis as banks retreated from small business lending. Marketplace lenders emerged to fill the gap, and analysts began to ponder a paradigm shift: Could alternative lending threaten traditional financial institutions’ place in the world? Alt-Lenders On The Defense.

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Lending Industry Regulation Groups 100

PYMNTS

MARCH 31, 2016

Analysts have largely been looking at the impact on SMEs in particular, especially as Chinese authorities promote bank lending to small businesses. This month, the China Banking Regulatory Commission (CBRC) reportedly ordered local banks to boost lending to small and medium-sized corporate customers. Bank Lending.

Lending 100

Lending Online Regulation Guidelines 100

Independent Banker

FEBRUARY 24, 2016

Regulators warn once again about rising CRE concentrations and risks. A whopping 95 percent of ICBA members are active commercial real estate (CRE) lenders, according to the latest ICBA Community Bank Lending Survey. He adds that regulators and bank management need to act to prevent those risks from becoming reality. “We

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Community Bank Lending Community Regulation 70