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.

Lending 150

Lending Kansas City Kansas Analysis 150

PYMNTS

DECEMBER 12, 2017

Demand for corporate finance helped propel China’s banks to new lending records in November, according to news from Reuters on Monday (Dec. While demand for corporate lending has increased, analysts are also increasingly worried about rising bad corporate debt levels in China. Chinese banks provided $169.27

Lending 100

Lending New York Regulation Survey 100

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

Abrigo

OCTOBER 28, 2022

Takeaway 1 Signs point to increased loan modifications and loan workouts, and regulators have urged financial institutions to work prudently with borrowers. . 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.

Management 195

Management Risk Management Policies Lending 195

PYMNTS

MAY 9, 2016

Last week, OnDeck, Kabbage and CAN Capital banned together to form the Innovative Lending Platform Association (ILPA), an advocacy group to champion increased transparency for small business borrowers in the alternative and marketplace lending sphere. Is the alternative lending space concerned about incoming regulation?

Regulation 100

Regulation Lending Capital Industry 100

PYMNTS

MARCH 7, 2018

We do hope that, and believe that, as we get into the late second quarter, early third quarter, that the regulators will now start to … make judgments with respect to sustainability,” said Dolan. The efforts are a result of a consent order that the bank signed with the Office of the Comptroller of the Currency in October 2015.

Regulation 100

Regulation Minneapolis New York Conference 100

PYMNTS

FEBRUARY 23, 2020

The banking firm has been talking with London regulators about the idea, according to The Financial Times on Saturday (Feb. The operation will likely include savings and lending products, and it comes just two years after U.S. JPMorgan Chase tapped an ex-regulator , Clive Adamson, to head up the efforts to launch the digital bank.

Digital Banking 255

Digital Banking Lending Regulation Operations 255

PYMNTS

MAY 7, 2018

Bitcoin may be the marquee name in cryptocurrencies, but regulation may loom for its digital dollar brethren. Recent inquiries from regulators in the federal securities and commodities realms have centered on Ethereum. PHH filed a suit in 2015 alleging the CFPB was unconstitutional. of Massachusetts.

Bitcoin 108

Bitcoin Regulation cryptocurrency Virginia 108

CFPB Monitor

OCTOBER 4, 2022

The key allegations in the DOJ’s complaint are the following: During the relevant time period (2015-2021), the Newark, New Jersey-Pennsylvania Metro Division (Newark MD) as delineated in 2015 included Essex, Somerset, Union, Sussex, and Morris counties in New Jersey (Newark Lending Area).

New Jersey 147

New Jersey Lending Community National 147

Abrigo

OCTOBER 14, 2022

Takeaway 3 Utilize regulatory guidance to understand regulators' expectations, which are likely to include consistent stress testing. King recommends more staff training on loan modifications and workouts, particularly for banking staff that came on board after 2015 and may not have any experience with loan modifications.

Risk Management 195

Risk Management Management Policies Lending 195

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

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

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

CFPB Monitor

JUNE 7, 2016

The Federal Trade Commission has provided its annual report to the CFPB covering the FTC’s enforcement activities in 2015 related to compliance with Regulation Z (Truth in Lending), Regulation M (Consumer Leasing), and Regulation E (Electronic Fund Transfers). Reg Z/TILA.

Report 60

Report Regulation Compliance Lending 60

CFPB Monitor

FEBRUARY 11, 2016

The FTC has sent its annual letter to the CFPB reporting on the FTC’s activities related to compliance with the Equal Credit Opportunity Act and Regulation B. The FTC has authority to enforce the ECOA and Reg B as to nonbank providers within its jurisdiction.

Report 60

Report Policies Lending Compliance 60

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

CFPB Monitor

DECEMBER 4, 2019

The Department of Defense announced in its Fall 2019 rulemaking agenda that it is engaged in proposed rulemaking to amend its Military Lending Act (MLA) regulations, apparently in order to allow non-bank creditors to provide secured auto financing for purchase transactions. (The How did we get here?

Regulation 88

Regulation Security Lending Course 88

PYMNTS

APRIL 26, 2016

With new regulations set to drop at some point later this spring and battle lines being drawn, payday lending (and short-term lending in general) are catching a lot of attention. borrowers are taking out in payday (and other) short-term loans annually as of 2015. So how to separate the wheat from the chafe? We can help.

Lending 100

Lending Data Course Regulation 100

PYMNTS

SEPTEMBER 14, 2018

To challenge the Office of the Comptroller of the Currency (OCC)’s decision to allow online payment companies and lenders to have national bank charters, the top banking regulator in New York is suing the federal government. Cuomo on June 1, 2017 required DFS to study online lending in New York State and submit a report of its findings.

New York 173

New York Fintech Lending Regulation 173

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. Beginning Oct.

Lending 70

Lending Compliance Regulation Virginia 70

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

CFPB Monitor

JUNE 8, 2016

On June 9, 2016, the FTC will host a “ FinTech forum on marketplace lending ,” the first in a forum series described by the FTC as “exploring emerging financial technology and its implications for consumers.”

Lending 60

Lending Fintech California Survey 60

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.

Lending 100

Lending US United States Company 100

CFPB Monitor

APRIL 15, 2016

The interest of federal regulators in marketplace lending continues to grow. In July 2015, the Treasury Department issued a request for information regarding online marketplace lending and, in February 2016, the FDIC published an article highlighting the risks for banks that partner with marketplace lenders. .

Lending 60

Lending FDIC Washington Financial Technology 60

PYMNTS

DECEMBER 16, 2019

Peer-to-peer (P2P) lending platforms have shuttered in China’s Hebei province as regulators aim to get rid of deception and inefficiency in the sector, South China Morning Post (SCMP) reported on Friday (Dec. By the end of October , Shanghai regulators ordered more than 40 P2P lenders to get ready to close.

Leadership 131

Leadership Regulation Regional Lending 131

CFPB Monitor

NOVEMBER 5, 2015

In its Fall 2015 Supervisory Highlights , which covers supervision work generally completed between May and August 2015, the CFPB highlights legal violations resolved using non-public supervisory actions involving consumer reporting, debt collection, student loan servicing, and mortgage origination and servicing. Mortgage origination.

Report 60

Report Policies Compliance Regulation 60

PYMNTS

DECEMBER 23, 2019

In the December Credit Union Tracker , PYMNTS explores the latest in the world of CUs, including new regulations in Ireland, charitable CU donations for the holiday season, and how emotional marketing is leveling the playing field between CUs and their competitors. Developments From Around The World Of Credit Unions.

Data 131

Data Lending Michigan Regulation 131

FICO

DECEMBER 13, 2019

The most prominent villain for fintech companies is regulation. And so it’s easy to see why a fintech company — believing fully in the virtue of its mission and faced with a litany of illogical and intractable regulations — might just say "F*ck it, we're doing it anyways." and China). A Prediction for the 2020s. Brand protection.

Regulation 52

Regulation Fintech Lending Branding 52

PYMNTS

OCTOBER 8, 2018

The impact of Europe’s General Data Protection Regulation ( GDPR ) continues to take shape roughly five months after taking effect, and Facebook could be on the hook for billions of dollars in fines tied to a data breach of about 50 million user accounts. Crypto Regulations. billion over the corresponding period.

United States 174

United States Regulation cryptocurrency Cleveland 174

CFPB Monitor

MAY 4, 2016

The CFPB recently joined other federal regulators who have indicated a growing interest in marketplace lending with its announcement that it is accepting consumer complaints about loans obtained through marketplace lenders.

Lending 60

Lending Study Online Regulation 60

Celent Banking

MARCH 16, 2015

This last week the American Banker Retail Banking Conference 2015 was going on in Austin, TX. With interest rates low and new regulations following the financial crisis, banks are running incredibly thin margins, and traditional revenue sources are no longer viable. P2P lending), and new payment schemes.

Conference 100

Conference Retail Community Bank Community 100

CFPB Monitor

FEBRUARY 10, 2020

He will also teach a course on consumer finance regulation at Georgetown’s McCourt School of Public Policy and at Harvard Law School in the next academic year. He will also teach a course on consumer finance regulation at Georgetown’s McCourt School of Public Policy and at Harvard Law School in the next academic year.

Policies 78

Policies Course Regulation Lending 78

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 MLA’s overall goal is to prevent predatory lending against U.S. The 2017 date applies only to credit cards.

Lending 60

Lending Regulation Taxes Security 60

CFPB Monitor

MARCH 12, 2015

The CFPB has announced that it will hold a field hearing on payday lending on. March 26, 2015 in Richmond, Virginia. Payday Lending CFPB payday loan'

Lending 60

Lending Virginia Regulation Groups 60

PYMNTS

FEBRUARY 3, 2020

The bank secured its license from the Bank of England’s Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). . The bank will also lend money according to farming cash flow needs, which change depending on the season. The new bank wants to be the go-to institution for farmers who need banking services.

Security 198

Security Lending Community Regulation 198

PYMNTS

JULY 12, 2018

New York’s Department of Financial Services is recommending that online lenders are subjected to the same scrutiny and regulations that traditional banks face. Cuomo on June 1, 2017, required DFS to study online lending in New York State and submit a report of its findings. A bill signed by Governor Andrew M. Superintendent Maria T.

Online 100

Online New York Lending Regulation 100

PYMNTS

JUNE 28, 2016

Those shocks included LendingClub come-apart as the spark and increasingly interested looking pack of regulators coming to call. As more loans that expected went bad in the fall of 2015, investor/loan buyers started backing away – making it harder to attract desirable borrowers, making it harder to attract investor/lenders.

Lending 100

Lending National Marketing Online 100