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

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

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

PYMNTS

OCTOBER 31, 2018

Reuters noted the bank, which launched in 2015, isn’t profitable. While acquiring customers at a quick pace has resulted in widening pre-tax loss, the bank is improving on that thanks to a reduction in the cost to acquire new customers and launching some lending. With a valuation of $1.3

Capital 153

Capital Taxes Maine Mobile 153

PYMNTS

JULY 3, 2018

Some economists say tax reform is also likely to boost the nation’s SMB population. NDP Analytics found that small business lending by the nation’s top-five online lending providers jumped 50 percent between 2015 and 2017.

National 109

National Analytics Lending Survey 109

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

PYMNTS

JANUARY 24, 2017

the lending arm of Ford Motors — announced yesterday (Jan 23) that going forward it will use AutoFi Inc. AutoFi doesn’t underwrite or decide loans on its own — as a marketplace for lending, it allows auto dealers to select banks, credit unions or alt lenders to pitch to prospective car buyers. Ford Motor Credit Co. —

Online 100

Online Lending New York Taxes 100

PYMNTS

MARCH 13, 2017

Good news is ahead for those suffering from low FICO scores — according to reports this morning, civil judgements and tax liens will by and large be coming off of consumer credit reports. The change will apply to new tax lien and civil judgment data that are added to credit reports as well as existing data on the reports.

Report 111

Report Data Taxes New York 111

PYMNTS

APRIL 30, 2018

According to Bank of America head of small business Sharon Miller, this marks the highest level of optimism among SMBs since 2015. Eighty-three percent of SMBs said they don’t completely understand the new tax law and how it will impact their business, according to the National Association for the Self-Employed.

Taxes 144

Taxes America National Community 144

PYMNTS

AUGUST 4, 2016

With its stock value up 10 percent in after hours trading – Square has managed to please investors with losses smaller than expected, growing payments volumes and continuing signs of strength emanating from from its lending platform for small business, Square Capital. That is a 41 perecent pick up from the same quarter in 2015.

Lending 100

Lending Capital Payments Taxes 100

PYMNTS

APRIL 30, 2018

In this world, the only things certain are death and taxes. 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. Honesty is the best policy.

Fintech 183

Fintech blockchain Lending Digital Banking 183

PYMNTS

JULY 31, 2017

Codel, head of consumer lending at Wells Fargo, said in an interview. “We After a long partnership, Stripe has officially acquired Payable in an effort to bolster the tax reporting tools it has on offer for its market business customers through its Stripe Connect product. For Stripe, it means reducing friction at tax time.

Taxes 100

Taxes Data Security Report 100

PYMNTS

MAY 1, 2019

The online lending marketplaces participating including Funding Options, Funding Xchange, Business Finance Compared and Alternative Business Funding. Reports in Accountancy Daily on Monday (April 29) said the Corporate Finance Network is calling on U.K.

Policies 148

Policies Capital Lending Report 148

PYMNTS

MARCH 14, 2017

In 2015, all three credit-reporting firms settled out of court with the state of New York (and then the 31 other states that filed similar actions), and while several practices were at issue, how the agencies report errors was a highlight. Their efforts have been found to be … lacking, is probably the most diplomatic way to put it.

Taxes 100

Taxes Report Data Lending 100

PYMNTS

JULY 15, 2016

As of 2015, Hong Kong was home to approximately 1,558 startups, a 46 percent increase from the year prior. Hong Kong is known for its simple and predictable tax system, making it an attractive place for investment. Hong Kong is estimated to have a population of 7.3 The city’s GDP per capital is $54,722.

Taxes 100

Taxes Fintech Marketing Regional 100

BankUnderground

JULY 29, 2020

This view is in line with Stiglitz (2015) , who argued that reliance on flow-based models, without a role for credit, actually contributed to the 2008 crisis, and to the initially inadequate response in its aftermath. Bordignon and Tabellini (2020) argue that the ERF should be endowed with genuinely own EU sources of tax revenue.

Policies 101

Policies Lending System Tools 101

Abrigo

JANUARY 27, 2017

The good news for financial institutions that see SMB lending as a crucial part of their loan portfolio growth strategy is that small businesses are in need of capital. According to a 2015 study from Barlow Research, 82.1 Small businesses are an important market for growth-oriented banks and credit unions. Further, only 7.7

Online 150

Online Capital Software System 150

Independent Banker

DECEMBER 13, 2015

Competition and regulatory risk in car lending race off. Vehicle loan originations reached almost $120 billion during the second quarter of 2015, states the New York Fed’s Household Debt and Credit Report. Indirect auto lending has played a major role for Security Federal Savings Bank in Jasper, Ala. By Howard Schneider.

Community Bank 70

Community Bank Lending Community Security 70

Independent Banker

NOVEMBER 24, 2015

Competition and regulatory risk in car lending race off. Vehicle loan originations reached almost $120 billion during the second quarter of 2015, states the New York Fed’s Household Debt and Credit Report. Indirect auto lending has played a major role for Security Federal Savings Bank in Jasper, Ala. By Howard Schneider.

Community Bank 70

Community Bank Lending Community Security 70

PYMNTS

MAY 15, 2017

The TPG tax prep business was also a major source of growth, since it offered a variety of touchpoints with potential customers due to its “synergistic approach to its business.”. Those tax refund recipients, in turn, were able to get cash advances. So what did we learn this week?

Data 100

Data America Taxes Cards 100

Abrigo

DECEMBER 20, 2021

Millions of dollars in suspicious activity were not reported to FinCEN in a timely or accurate manner, including those connected to tax evasion, illegal gambling, money laundering, and other financial crimes. . The dates cited are between 2015 and 2019. Lending & Credit Risk. Fundamentals of BSA. Be Prepared. Learn More.

Resources 195

Resources Texas Analysis System 195

BankUnderground

JULY 17, 2020

We exclude other measures whose primary purpose is liquidity provision, or other instruments related to credit policy and transmission (such as the targeted medium-term lending facility). In contrast, the more material loosening in 2015 reflected significant cuts to the benchmark lending rate and the seven-day reverse repo rate.

Policies 70

Policies Taxes Study Lending 70

Independent Banker

FEBRUARY 25, 2015

Happy State Bank’s 32 offices are spaced over 500 miles, giving the bank’s lending portfolio geographic diversity. Today, Happy State Bank lends more conservatively as oil prices move higher. “I Energy lending has a few advantages over commercial real estate, says C.R. General Lending Web Exclusives'

North Dakota 70

North Dakota Texas Louisiana Community Bank 70

CB Insights

NOVEMBER 21, 2019

The startups selected for inclusion in the market map below are all Canada-headquartered, VC-backed fintech companies that have at least US $1M in equity funding, and have obtained equity funding since the start of 2015. or (2) leverage technology to provide lending products directly to end-users. Blockchain and crypto. Real estate.

Fintech 93

Fintech Marketing US Technology 93

Fintech Labs Insights

JULY 24, 2015

The online business lender now has a total capital of $70 million and says the investment will enable it to lend more than $100 million to small businesses. “The growth in alternative lending has breathed new life into so many small businesses,” Senturia said. million Series A round in April.

Capital 12

Capital Lending San Diego San Jose 12

TrustBank

DECEMBER 8, 2022

The BEA calculates the personal saving rate by subtracting taxes from personal income to arrive at “disposable personal income” and then subtracts personal outlays. Adding to the observation is the fact that from roughly 2001-2006, a devastating housing price bubble formed due to lax lending standards.

US 52

US Policies Taxes Washington 52

CFPB Monitor

NOVEMBER 24, 2015

” The report states that as of November 2015, the CFPB had received about 2,500 complaints from servicemembers, veterans and their dependents about high-cost consumer credit. ” The report includes a summary of the amendments to the MLA regulation published by the DoD in July 2015 which dramatically expanded the MLA’s scope.

Regulation 60

Regulation Taxes Cards Report 60

Abrigo

DECEMBER 15, 2016

In the 2015 Growth Strategy Survey by Bank Director , the most commonly cited areas for growth were Commercial Real Estate Lending, C&I loans, SBA loans, and Construction loans. To learn more about opportunities in small business lending, download the whitepaper Tapping Growth Opportunities in the Business Loan Portfolio.

Lending 150

Lending Millennials Study Survey 150

CFPB Monitor

MAY 15, 2015

On May 12, 2015 Senator Richard Shelby (R-AL) released a draft of a regulatory reform bill entitled the Financial Regulatory Improvement Act of 2015. The draft bill addresses various residential mortgage lending issues, a number of which are summarized below. The draft bill is scheduled for markup on May 21, 2015.

Study 60

Study Policies Lending Industry 60

Jeff For Banks

NOVEMBER 24, 2019

billion in assets, had 87 full-time equivalent employees, and accounted for two-thirds of the town's tax revenue. In 2015, nearly sixteen years to the day of the failure, the last defendant, Terry Church, was released from prison. Nationwide lending! And Church was released in 2015. The blue-suits were not well-received.

National 78

National West Virginia Virginia Pennsylvania 78

Jeff For Banks

JUNE 2, 2023

between 2015 and 2022. The old borrow short, lend long strategy. When the Taxpayer Relief Act of 1997 passed, the top capital gains tax rate was lowered, providing yet another incentive for equity speculators to pour money into the fledgling internet industry. Between 1941 and 1979, an average of 5.3 banks failed a year.

FDIC 78

FDIC Community Bank Regulation Lending 78

BankBazaar

JULY 4, 2019

the rate at which the RBI lends to commercial banks) by 25 basis points, banks will pass on this benefit to borrowers by slashing their lending as well as deposit rates. introduced the Pradhan Mantri Awas Yojana (PMAY) in 2015 with the goal of making housing affordable for the urban poor.

How To 60

How To Groups Lending Cards 60

Independent Banker

SEPTEMBER 22, 2015

Avoiding potential lending hazards from regulatory flood-insurance requirements. At first blush, this new general rule might provide for considerable fear among compliance and lending personnel. Biggert-Waters) the bank was not required under federal or state law to escrow taxes or insurance. taxes and insurance.

Regulation 70

Regulation Policies Community Bank Taxes 70

Fintech Labs Insights

MAY 24, 2016

The company links more than 1 million data sources to the company’s underwriting engine which pulls information such as business revenue, vendor payments, and tax and accounting data to assign the proper line of credit in real time. The post Kabbage Reaches $2 Billion in Originated Loans in 5 Years appeared first on Finovate.

San Francisco 15

San Francisco Georgia Big Data Lending 15

CB Insights

FEBRUARY 13, 2020

Business lending and corporate cards. Square has since expanded its offerings to standalone, integrated point-of-sale terminals, as well as a broader ecosystem of applications and services such as lending (Square Capital), payroll services (Square Payroll), and rewards (Square Loyalty). Will Gaybrick, who joined Stripe in 2015.

Online 98

Online Company Retail Payments 98

Fintech Labs Insights

APRIL 13, 2016

With Shopify Integration, Thinking Capital Helps Diversify Alt Lending in Canada. The latest from FinDEVr New York 2015 presenters: OutsideIQ joins fintech accelerator, Bank Innovation INV, as an API partner. Praesidio ranks Top 10 Most Promising Cloud Banking Solution Providers of 2015. API report covers Streamdata.io.

San Jose 12

San Jose New York Atlanta Lending 12

Abrigo

JUNE 29, 2022

farmers is even more unpredictable than in recent years, so financial institutions will want to keep a close eye on the agricultural sector -- both to protect ag lending portfolios and tap into ag loan growth opportunities. This year, direct payments were expected to be around 2%, which is closer to the 2015-2018 average of about 3%.

Kansas City 195

Kansas City Kansas Lending Oklahoma 195