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

PYMNTS

NOVEMBER 9, 2020

Lending decisions under the bounce-back loan scheme are fully delegated to the accredited lenders. Tide was founded by banker George Bevis in 2015; London venture capitalist Eileen Burbidge serves as the bank's chair. The FinTech doesn’t qualify for the Bank of England’s term funding scheme aimed at small business lending.

Fintech 177

Fintech Lending Digital Banking Capital 177

PYMNTS

JULY 28, 2016

alternative lending space is broad, with new entrants frequently stepping in. marketplace lending in the country hit £286.7 percent growth from June 2015, the third-largest monthly growth spurt recorded on the index. percent growth from June 2015, the third-largest monthly growth spurt recorded on the index.

Lending 100

Lending Survey Data Industry 100

Independent Banker

DECEMBER 13, 2015

New Military Lending Act regulations kick in next fall. Following a three-year study on predatory lending, the U.S. Department of Defense has now issued the final rule to implement the Military Lending Act. 1, 2015, and compliance with the rule is required by Oct. 1, 2015, and compliance with the rule is required by Oct.

Lending 70

Lending Compliance Regulation Virginia 70

Celent Banking

JANUARY 22, 2015

On the social aspect of banking, Banco Colpatria in Colombia offers credit cards to individuals using Lenddo’s social scoring. Galicia MOVE includes a savings account, a debit card and a credit card. Banks are certainly not playing hide and seek with P2P lending. What about banks? Change or die.

Maine 100

Maine Lending Regulation Risk Management 100

Celent Banking

MARCH 16, 2015

This last week the American Banker Retail Banking Conference 2015 was going on in Austin, TX. P2P lending), and new payment schemes. US Bank discussed Peri , its eCommerce app developed in cooperation with Monitise, while other presenters spoke about card-linked and MFR propositions. This requires additional spending.

Conference 100

Conference Retail Community Community Bank 100

CFPB Monitor

MAY 26, 2015

Just in time for the holiday weekend, the CFPB released its Spring 2015 rulemaking agenda last Friday. In November 2014, the CFPB issued a proposed rule for prepaid financial products, including general-purpose reloadable prepaid cards and certain digital and mobile wallets. Payday and deposit advance loans. ” Overdrafts.

Study 60

Study Analysis Lending Report 60

CFPB Monitor

APRIL 5, 2016

The CFPB has issued guidance to credit card issuers regarding the resumption of the requirement to submit card agreements to the CFPB on a quarterly basis. By May 2, issuers must submit to the CFPB all credit card agreements offered to the public as of the end of March 2016. The next submission is due on or before May 2, 2016.

Cards 60

Cards Lending Regulation System 60

PYMNTS

JUNE 13, 2016

CurrentC has announced its curtain call, Uber moved to sweeten the deal for its drivers and Lending Club proved the firm is far from out of surprises. By the time Walmart Pay was announced late in 2015, the writing was more than on the wall. Lending Club — Never A Dull Moment. What’s worth watching? CurrentC Signing Off. “So

Lending 100

Lending Columbus Mobile Cards 100

PYMNTS

NOVEMBER 2, 2018

In a Kakao Pay -led Series B round, peer-to-peer (P2P) lending platform PeopleFund took in $11 million in funding. The South Korean company, which was started in 2015, matches borrowers with investors in a marketplace for lending, according to reports.

Lending 134

Lending Cards System Report 134

Gonzobanker

MAY 9, 2017

Is automation a missing link to a more productive and profitable commercial lending department? The 2015 Cornerstone Performance Report found significant reductions among mid-size banks in both monthly loans originated and outstandings per commercial lending full-time equivalent employee.

Lending 81

Lending Analytics Data United States 81

CFPB Monitor

JULY 27, 2015

The Department of Defense (DoD) dramatically expanded the scope of the Military Lending Act (MLA) on July 22, 2015, publishing its Final Rule amending the MLA’s implementing regulation. On August 24, 2015, Ballard Spahr attorneys will hold a webinar on the Final Rule from 12 p.m. to 1 p.m.

Lending 60

Lending Taxes Cards Regulation 60

PYMNTS

MAY 13, 2016

On the heels of Lending Club’s fall from grace this week – the day after to be precise – Wells Fargo announced that it would come to the rescue of SMBs by offering fast decisions on small business loans. Merchants and Chip Cards. Alt Lending. Across the pond, however, it remains a rather different story.

Cards 100

Cards Lending Google Apple 100

CFPB Monitor

SEPTEMBER 2, 2016

The American Bankers Association, joined by six other prominent industry trade groups, is seeking a six-month extension of the date by which depository institutions must comply with the Military Lending Act (MLA) final rule adopted by the Department of Defense (DoD) in July 2015 that dramatically expanded the scope of the MLA’s coverage.

Compliance 79

Compliance Groups Lending FDIC 79

MyBankTracker

OCTOBER 27, 2020

When picking a credit card, it’s tough to resist the allure of big rewards. In a year-long MyBankTracker survey, nearly 3 out of 4 respondents (72.6%) preferred to receive cash back rewards on their credit card purchases. of respondents had specific spending categories in mind for their next credit card while 47.3%

Study 52

Study Cards Survey United States 52

CFPB Monitor

APRIL 11, 2016

A number of prominent industry trade groups have written to the Department of Defense (DoD) seeking clarifications to the Military Lending Act (MLA) final rule adopted in July 2015 that dramatically expanded the scope of the MLA’s coverage.

Groups 60

Groups Lending Regulation Taxes 60

Abrigo

OCTOBER 28, 2022

The only real deterioration we're starting to see is in subprime auto and credit card portfolios.” Even as news headlines announce that “the sky is falling,” many Abrigo clients are relaying they can count only six or seven charge-offs since 2015 or so, he added. Construction Lending. Lending & Credit Risk.

Management 195

Management Risk Management Policies Lending 195

CFPB Monitor

FEBRUARY 25, 2015

The CFPB has issued a proposal to suspend for one year the Truth in Lending Act/. Regulation Z requirement for issuers of open-end credit cards to send their credit card agreements to the CFPB quarterly for posting in a public database on the CFPB’s website. March 13, 2015.

Cards 60

Cards System Lending Regulation 60

PYMNTS

DECEMBER 19, 2019

India is still largely cash-based and its adoption of credit cards is low — just 3 percent of the population uses an alternative to physical money. ZestMoney was founded in 2015 by Chapman, Priya Sharma and Ashish Anantharaman in 2015. ZestMoney was founded in 2015 by Chapman, Priya Sharma and Ashish Anantharaman in 2015.

Fintech 130

Fintech Millennials Online Lending 130

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

FEBRUARY 17, 2020

Monzo, a loss-making firm launched in 2015, has burned through cash in its attempt to grow and eventually launch in the U.S. million customers in its British home base, boasting a bright coral card and spend-tracking data. Yet, it’s had no problem raising capital — it’s valued at more than £2 billion ($2.6

Digital Banking 192

Digital Banking Survey Lending Capital 192

PYMNTS

JUNE 24, 2016

trillion in 2015. Online lending . Costco Card. The Costco Card has generated a lot of buzz. But all that buzz was based on anticipation and the hope that the card would be all it is cracked up to be. Well, the card has dropped, but unfortunately, it may not be so dearly loved as it was dearly anticipated.

Lending 101

Lending Online South Dakota North Dakota 101

PYMNTS

MARCH 1, 2016

The tallies are in: Innovate Finance has calculated the state of investment in FinTech for 2015, and we have the numbers. Innovate Finance released The 2015 FinTech Investment Landscape this month, a report that offers a snapshot at how investors are placing their money among financial innovators. It amounted to about $12.5

Fintech 100

Fintech Lending Capital Innovation 100

ZootBlog

JUNE 8, 2016

In July 2015, the Department of Defense (DoD) passed major changes to the Military Lending Act (MLA) with target compliance dates of October 3, 2015 and October 3, 2017. The 2017 date applies only to credit cards. The MLA’s overall goal is to prevent predatory lending against U.S.

Lending 60

Lending Regulation Taxes Security 60

PYMNTS

JULY 28, 2020

Davies is leaving to take over Allica Bank, which specializes in lending to businesses. Founded in 2015, Revolut began by offering prepaid debit cards that allowed users to avoid foreign exchange fees while traveling abroad. Revolut said Tuesday (July 28) that it is one of “only a handful of U.K.

Comparison 141

Comparison San Francisco Fintech Groups 141

CFPB Monitor

SEPTEMBER 2, 2016

Although the DoD’s final rule took effect on October 1, 2015, it applies only to consumer credit transactions or accounts that are consummated or established after October 3, 2016 for most products, and after October 3, 2017 for credit cards.

Compliance 60

Compliance Groups Lending FDIC 60

CFPB Monitor

MARCH 10, 2017

The CFPB has issued another request for information about the credit card market that identifies significant new issues of CFPB interest. The request is intended to inform the CFPB’s biennial review of the credit card market mandated by the CARD Act. On April 13, 2017, from 12 p.m. to 1 p.m. Subprime specialist products.

Cards 68

Cards Comparison Trends Marketing 68

PYMNTS

DECEMBER 23, 2019

billion in credit card debt and $382.9 Credit union service organization (CUSO) CULedger is partnering with digital credential provider Autonomous Lending to offer next-gen digital credentials to its partner CUs. This shift will allow many CUs to double or triple their lending capabilities, after taking effect in January.

Data 131

Data Lending Michigan Regulation 131

PYMNTS

MAY 16, 2016

The alternative lending market is showing signs of defeat against traditional bank loans, and SMEs are strengthening their demands for more than the typical solutions currently offered by traditional FIs. In B2B payments, that means changes in how businesses access, protect and ultimately make their money. 65% of U.K. 65% of U.K.

Fintech 108

Fintech Lending Fraud Cards 108

PYMNTS

JULY 27, 2020

Davies is leaving Revolut to take over the Allica Bank, which specializes in lending to businesses, according to the FT. Revolut was launched in 2015 by issuing prepaid debit cards that let customers conduct transactions in multiple currencies without incurring additional fees.

United States 140

United States Leadership Risk Management California 140

PYMNTS

JUNE 19, 2018

Businesses that are buying on the Handshake Direct eCommerce website and mobile app can pay suppliers using any major credit card, while vendors can see money deposited into their accounts within two business days. The integration is available to joint customers in the Square App Marketplace, the companies noted.

Payments 116

Payments Cards Lending Online 116

PYMNTS

OCTOBER 14, 2016

The unbanked are often young employed workers that have not built up a credit history and do not own a credit card. According to Forbes, the past few years has seen an increase in bad loans that has caused traditional lenders to be more cautious in their lending, and that includes the nationalized banks.

Lending 100

Lending Capital Maine Cards 100

PYMNTS

JUNE 18, 2019

The company is said to use the funds to grow new offerings such as its Razorpay Capital lending arm and Razorpay X neo-banking platform. It authenticates as well as takes payments via debit cards, credit cards, digital wallets and internet banking through a secure link connecting users and merchants.

Capital 108

Capital Management Cards Lending 108

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

PYMNTS

JULY 25, 2019

Researcher Jeremiah Fowler first discovered an accessible database that was eventually revealed to be owned by Jana Bank and included sensitive customer data including Voter ID, driver’s license, passport, PAN Card, transaction, email, username and other information, part of the bank’s Know Your Customer verification database.

Data 124

Data Security Lending Report 124

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

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