CFPB Monitor

MARCH 7, 2023

Department of Justice (DOJ) that it engaged in unlawful redlining practices in the Columbus metropolitan area by not providing mortgage lending services to majority-Black and Hispanic communities from 2015 to 2021. . Continue Reading

National 78

National Columbus Ohio Lending 78

South State Correspondent

OCTOBER 23, 2022

This rapid change in interest rates requires careful planning, product selection, and new lending and deposit-gathering strategies. The most prolonged hiking duration is 36 months (December 2015 to December 2018), but that cycle was much less steep than the current hiking cycle. Dec 2015 – Dec 2018. Time Period.

Community Bank 221

Community Bank Community Meeting Lending 221

Abrigo

FEBRUARY 16, 2016

Financial institutions considering lending to nonprofits may want to be aware of these recent financial trends, as well as some of the ways lending to these organizations might differ from lending to for-profit businesses. Here are two mistakes to avoid when lending to nonprofits , according to the firm: 1.

Analysis 150

Analysis Lending Community Bank Community 150

Abrigo

SEPTEMBER 16, 2015

Member business lending (MBL) has been a hot topic in the financial services community this summer, particularly as the industry awaits finalization of the NCUA’s rule changes. More than 78 percent of credit unions with more than $100 million in total assets offered MBL to their members for the same period of 2015.

Lending 150

Lending New York City New York Strategy 150

Independent Banker

NOVEMBER 30, 2021

La Plata County commissioner Marsha Porter-Norton champions First Southwest Bank’s innovative lending. First Southwest Bank is carving out new business models to address a need for credit and financial services through nonprofit lending programs and software that leverages its community development financial institution (CDFI) funding.

Colorado 119

Colorado Community Bank Community New Mexico 119

South State Correspondent

AUGUST 1, 2016

This past December, the regulatory community telegraphed their intentions of focusing bank examinations on commercial real estate (CRE) concentrations in 2016: “During 2016, supervisors from the banking agencies will continue to pay particular attention to potential risks associated with CRE lending” (SR 15 17 , Dec 2015).

Lending 150

Lending Community 150

Celent Banking

MARCH 16, 2015

This last week the American Banker Retail Banking Conference 2015 was going on in Austin, TX. The conference was full of community bankers discussing evolving business models and the pressures its placing on their ability to gather deposits. P2P lending), and new payment schemes. Presenters proposed some solutions.

Conference 100

Conference Retail Community Bank Community 100

PYMNTS

MARCH 21, 2019

Aura , a community development financial institution that provides cost-friendly loans to families, has completed a $50 million private social bond issuance, the company announced on Thursday (Mar. The money from the issuance will allow for 32,561 credit-building loans to what the company calls underserved and underbanked communities.

Arizona 107

Arizona Illinois Community Capital 107

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. By Mary Thorson Wright. 3, 2016, compliance date.

Lending 70

Lending Compliance Regulation Virginia 70

PYMNTS

JULY 5, 2018

In related news, a recent report said that the amount of lending to small businesses by the five leading online lending providers increased 50 percent between 2015 and 2017. The report, entitled “The Economic Benefits of Online Lending to Small Businesses and the U.S. communities.”. communities.”.

Lending 100

Lending Online Community Fintech 100

Abrigo

AUGUST 3, 2015

The ABA’s 2015 Survey of Bank Compliance Officers , conducted February through March 2015, had participation from more than 450 financial institutions, with almost 80 percent being community banks. ABA president and CEO, Frank Keating, commented that Dodd-Frank has impacted banks, their customers and the communities they serve.

Compliance 150

Compliance Community Bank Community Survey 150

PYMNTS

FEBRUARY 3, 2020

The bank will also lend money according to farming cash flow needs, which change depending on the season. It was founded by James Farrar, who set up ClearBank in 2015, as well as Nick Evans, who started an agricultural tech company called Adaptris. The new bank wants to be the go-to institution for farmers who need banking services.

Security 198

Security Lending Community Regulation 198

Celent Banking

JANUARY 22, 2015

Peer to Peer (P2P) lending is one of those situations and banks have started to experiment with it, taking P2P lending to main street. Banks are certainly not playing hide and seek with P2P lending. Regulation is an important issue for banks to get into P2P lending and depending the country, there may be restrictions.

Maine 100

Maine Lending Regulation Risk Management 100

PYMNTS

DECEMBER 23, 2019

CUs are working to build community ties, especially during the holiday season. Credit union service organization (CUSO) CULedger is partnering with digital credential provider Autonomous Lending to offer next-gen digital credentials to its partner CUs. Developments From Around The World Of Credit Unions. About The Tracker.

Data 131

Data Lending Michigan Regulation 131

Abrigo

JANUARY 15, 2015

With mortgage rates down in the US , many homebuyers are looking locally to their community banks to finance their new, potentially life-changing purchase. In the spirit of the go local movement, new data from Sageworks Bank Information peeked in on 10 cities to see which community banks were making an impact on local mortgage lending.

Cleveland 150

Cleveland Detroit Michigan Community Bank 150

Abrigo

JUNE 25, 2015

During leaner years is often when the demand for ag loans increases , as it’s common for those full-time farmers to tap into their community bank to cover operating costs or invest is other lines of the agricultural business. The biggest name in ag lending is unlikely to be a surprise – John Deere Financial FSB.

Community Bank 150

Community Bank Sacramento Lending Wisconsin 150

PYMNTS

JUNE 14, 2018

The latest data from the monthly Biz2Credit Small Business Lending Index suggests a slump in small business lending among U.S. That figure is also a new high for post-recession big bank lending to small businesses. “ Credit union lending to small business has stagnated,” said Arora. credit unions.

Lending 108

Lending Community Bank Survey Community 108

Independent Banker

AUGUST 31, 2022

Daniel Galindo, pictured, and Doug Schaeffer of Woodforest National Bank helped involve the community bank in providing funding for and access to affordable housing. Combating the affordable housing crisis has been a critical goal for Woodforest since 2015. “We It supports many life endeavors.”.

Austin 91

Austin Texas Community National 91

CFPB Monitor

MAY 7, 2015

On May 13, 2015, the United States Hispanic Chamber of Commerce (USHCC) and the Community Financial Services Association of America (CFSA) will host a policy and research summit in Washington, D.C. on “Consumer Credit Under Assault: Does the Data Support the Rhetoric?” The event is open to media and requires an RSVP.

Lending 60

Lending Arizona United States Washington 60

PYMNTS

FEBRUARY 3, 2020

The bank will also lend money according to farming cash flow needs, which change depending on the season. It was founded by James Farrar, who set up ClearBank in 2015, as well as Nick Evans, who started an agricultural tech company called Adaptris. The new bank wants to be the go-to institution for farmers who need banking services.

Security 130

Security Lending Community Regulation 130

PYMNTS

DECEMBER 15, 2019

VeChain, which was started in 2015 in Singapore, showcases a lending platform based on the blockchain that aids clients in assessing the quality of items purchased via supply chain analysis. A hacker reportedly took tokens worth $6.7 The platform features the VeThor Token (VTHO) and VeChain Token (VET).

Bitcoin 133

Bitcoin blockchain Regulation social media 133

CFPB Monitor

NOVEMBER 18, 2021

Earlier this week, the CFPB issued a Request for Information (RFI) regarding an assessment of the significant amendments to the Home Mortgage Disclosure Act rules, known as Regulation C, adopted in October 2015 and subsequently revised in several additional rulemakings (the “HMDA Rule”).

Compliance 78

Compliance Data Lending Operations 78

PYMNTS

OCTOBER 8, 2018

Duff & Phelps, through its Global Enforcement Review, said at the end of last week that total penalties have climbed by 30 percent from 2015 to 2017, to $26.5 community banks and small business lending. The tally of these “large enforcement cases” may be on the decline, though as the findings show that they stand at $8.1

United States 174

United States Regulation cryptocurrency Cleveland 174

Abrigo

DECEMBER 26, 2014

Utilizing the Bank Information platform, Sageworks recently released a ranking of the top mortgage lending credit unions in the U.S. In a lending segment once cornered by banks, credit unions are making an impact for those looking to purchase their own home. Bruemmer, executive vice president for Landmark Credit Union.

Regional 186

Regional Milwaukee Lending Washington 186

PYMNTS

MARCH 30, 2017

Auto lending is big business for Santander — it is $38.5 Last week, the Federal Reserve told Santander to increase oversight of its subprime auto lending, giving the bank two months to put together a plan ensuring that all levels of the bank’s staff are instructed to improve the bank’s compliance with federal consumer protection laws.

Massachusetts 100

Massachusetts Delaware Lending Conference 100

CFPB Monitor

FEBRUARY 13, 2017

However, like the FTC’s letters on its 2014 and 2015 ECOA activities, the letter on 2016 activities does not describe any 2016 FTC ECOA enforcement activity and only contains information about the FTC’s research and policy development efforts and educational initiatives. Report on fraud in African American and Latino communities.

Report 68

Report Big Data Lending Survey 68

PYMNTS

OCTOBER 7, 2016

2015, will also support the ongoing needs of the company as it continues its growth. ” Financeit has increased its lending activity in the home improvement industry by almost 200 percent since 2015, the company noted. In August, Financeit announced it launched Financeit Direct , a direct-to-consumer financing platform.

Capital 155

Capital Innovation America Mobile 155

Chris Skinner

MARCH 1, 2017

Interesting, particularly when you look at what’s been happening with Lending Club and others. Asia’s just woken up to what FinTech can do to be honest, and are about two to three years behind most European and American FinTech communities, so it’s now wonder Asia is big on FinTech. billion in 2015 to $783 million last year.

Fintech 150

Fintech America Lending Community 150

PYMNTS

SEPTEMBER 14, 2017

In recent years, banks have even seen greater competition in the lending market from new FinTech players that can quickly approve loan applications and distribute funds to lenders. Some of the more prominent names in the marketplaces lending space include OnDeck, Kabbage and Orion First. New tools for new FinTechs.

Innovation 191

Innovation Lending Fintech Bitcoin 191

PYMNTS

JULY 12, 2018

Cuomo on June 1, 2017, required DFS to study online lending in New York State and submit a report of its findings. Access to credit is essential to the well-being of consumers, the lifeblood of small businesses and a driver of economic growth, job creation and prosperity of our communities in New York,” said Superintendent Vullo.

Online 100

Online New York Lending Regulation 100

ABA Community Banking

NOVEMBER 6, 2015

Top civil rights official draws link between 2015 civil unrest and credit availability Management Compliance Fair Lending.

Lending 40

Lending Compliance Management 40

PYMNTS

JUNE 24, 2016

trillion in 2015. Online lending . The Ethereum community is, surprisingly, split on whether the exploit should be fixed. Suddenly the surge looks less based on fundamentals than fortuitous timing, which does not in fact lend itself to follow on IPOs from other companies, because the stars may not align like this for them.

Lending 101

Lending Online South Dakota North Dakota 101

Independent Banker

FEBRUARY 24, 2016

As in past years, community bankers will continue to contend with a dynamic, highly competitive lending environment in 2016. Several trends have arisen that are likely to continue shaping the commercial lending market. Here are five commercial lending trends from some of the industry’s top commercial lenders.

Trends 79

Trends Community Bank Lending Community 79

PYMNTS

FEBRUARY 7, 2017

With just 11 percent going to B2C startups, China’s investing community is ready to tap into the B2C FinTech community that lacks funding from traditional banks. investments going to payments innovators, blockchain, insurance and wealth management (the latter two industries, in fact, saw no venture capital activity in 2015 whatsoever).

Fintech 100

Fintech US Capital Lending 100

PYMNTS

MAY 12, 2016

Payday loans and the advertising of some lending products just got a lot less Google-friendly. Google announced that it has updated its AdWords policy to effectively ban advertisers from marketing a number of lending products starting July 13.

Google 100

Google Policies Lending Leadership 100

PYMNTS

MAY 15, 2017

’ SME finance space to understand how lenders lend to small businesses — or even define what they are. “Small businesses fuel America’s economic engine, create jobs and nurture communities. The data, which represents 2015 figures — the most recent offered by the FSB — shows a 3.2 percent of U.K.

Lending 103

Lending Data Report Conference 103

Independent Banker

MAY 2, 2016

At The Bank of Tioga, we preserve the local touch and serve our clients and communities well. We ignite prosperity in all the communities we serve through community reinvestment, lending to local businesses, and providing educational opportunities for the community and our employees. ROAA in 2015: 1.74

North Dakota 70

North Dakota Community Bank Community Risk Management 70