PYMNTS

JANUARY 9, 2018

With big banks pulling back from small and medium-sized business (SMB) lending in the wake of the global financial crisis, the market was ripe for someone else to fill the credit gap. Community banks approved 49 percent of SMB loan applications in November, according to the latest data from the Biz2Credit Small Business Lending Index.

Community Bank 131

Community Bank Community Fintech Lending 131

PYMNTS

JANUARY 31, 2019

is set to see its first new community bank in decades, as the Federal Deposit Insurance Corporation (FDIC) lent its approval for MOXY Bank to launch in Washington, D.C. With clearance to move forward with its plans, the community banking landscape will see its first new industry player in years. have emerged to do.

Community Bank 122

Community Bank Community FDIC Marketing 122

PYMNTS

OCTOBER 16, 2017

Last week, P2Bi announced the rollout of a new partnership program that enables community banks to participate in its small business loan marketplace. Community banks are typically a better bet for small businesses in search of a loan, with approval rates higher than those at larger financial institutions. suggests a shift is ahead.

Community Bank 110

Community Bank Community Fintech Lending 110

Bank Innovation

FEBRUARY 16, 2016

Silicon Valley is coming to banking? That happened long ago — just ask Silicon Valley Bank, a financial institution built to serve the world’s center of innovation. Few bankers can claim better knowledge of what the tech giants are up to. Startups, you say? SVB claims it banks a staggering two-thirds Read More.

Community Bank 244

Community Bank Branding Community Innovation 244

PYMNTS

OCTOBER 12, 2017

Just days after the Federal Reserve released a report highlighting the changing role of small business loans at community banks, the latest Biz2Credit Small Business Lending Index published, suggesting small and medium-sized business (SMB) lending at small banks remains strong. percent in 2016 compared to the year before.

Lending 109

Lending Community Bank Community Strategy 109

Abrigo

NOVEMBER 12, 2016

Many community banks and credit unions are turning to small business loans as a source of loan growth. In their Spring 2016 Semiannual Risk Perspective , regulators have publicly acknowledged increasing risk in commercial real estate lending, so small business lending seems like it may be an alternative path.

Lending 186

Lending Community Bank Community Analysis 186

PYMNTS

MARCH 12, 2018

Chamber of Commerce is voicing its support for legislation that would ease regulatory burdens for the nation’s community banks in an effort to improve access to funding for small business borrowers. A letter in support of the bill follows the Chamber of Commerce’s report released in 2016 that found Dodd-Frank rules are harming corporations.

Community Bank 110

Community Bank Community Regional Regulation 110

CFPB Monitor

JANUARY 31, 2017

The Independent Community Bankers of America issued a statement calling on the Trump administration “to rein in the overzealous application of fair lending laws.” Requiring community banks to expand their market presence into neighboring counties would force them to alter their model and sound business practices.”

Community Bank 60

Community Bank Community Lending Minneapolis 60

PYMNTS

AUGUST 12, 2019

One area of impact is small business finance and lending, with small businesses and lenders seeing a slowdown in demand. Small business lending platform Funding Circle commented on this effect in its latest earnings data, noting that there has been “some deterioration” in its higher-risk small business loan bands in the U.K.

Lending 144

Lending US Capital Data 144

PYMNTS

FEBRUARY 7, 2019

However, the impact of the tax reform on the small business community is not clear, particularly so soon after the reform came into effect. Big banks saw tax rates fall to an average of below 19 percent — that compares to the 28 percent they paid in 2016, reports noted. Overall, the top banks saw lending grow by 2.3

Taxes 122

Taxes Lending National New York 122

Gonzobanker

MAY 31, 2019

Financial institutions that want to play in the small business lending sandbox need to bring their digital toys. article , former Small Business Administration administrator Karen Mills said community banks with strong small business customer bases that don’t find new ways to serve them digitally are going to face a “reckoning.”

Lending 126

Lending Community Bank Community Data 126

CFPB Monitor

NOVEMBER 7, 2019

On October 29, 2019, the House Financial Services Subcommittee on Oversight and Investigations held a hearing to explore the issue of lending and housing discrimination against members of the LGBTQ+ community. A recording of the hearing is available here. Census Bureau be expanded to collect gender data.

Lending 60

Lending Community Iowa Policies 60

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

SEPTEMBER 18, 2018

And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. But a standstill in the credit markets created a vacuum for a bit, at least along traditional lending conduits. Necessity is the mother of invention.

Lending 148

Lending Innovation Fintech Cards 148

CFPB Monitor

FEBRUARY 23, 2021

The New York Department of Financial Services (DFS) recently announced that it has entered into an agreement with Hunt Mortgage , a licensed mortgage banker, to address the DFS’s findings that there was a “demonstrable lack of lending to minorities and in majority-minority neighborhoods in Western and Central New York by Hunt Mortgage.”

New York 78

New York Lending Report Policies 78

PYMNTS

APRIL 24, 2017

Small business lending activity across the globe is in flux. China saw a whopping 17 percent increase in small business lending in Q1, while U.S. We break down the latest on SME lending in these key markets. banks are rebooting their efforts to capture SMEs from their alternative rivals. A dip of 1.1

Lending 100

Lending US Capital Community 100

PYMNTS

JANUARY 29, 2018

There’s been a big rebound in lending to big businesses, but there’s been a very small recovery in lending to small businesses,” said Rebel Cole, Ph.D., In its report, the SBA outlines several recommendations for policymakers to encourage an expansion of small business lending among the traditional financial services industry.

Lending 116

Lending Florida Report Community Bank 116

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

Abrigo

JULY 13, 2017

In September 2016, more than 240 bankers and industry experts from both community banks and credit unions attended the Risk Management Summit in Austin, Texas. Here are the 2016 Summit Takeaways. The agenda fully embraced the “Year of CECL” and covered the accounting change in detail. “The

Risk Management 170

Risk Management Management Denver Conference 170

CFPB Monitor

DECEMBER 19, 2016

In a blog post published last Friday, Patrice Ficklin, Associate Director of the CFPB’s Office of Fair Lending, outlined the CFPB’s fair lending priorities for 2017. ” Although the CFPB entered into consent orders in 2015 and 2016 to settle claims of alleged redlining, by identifying redlining as a 2017 focus, Ms. .”

Lending 60

Lending Compliance Data Analysis 60

PYMNTS

FEBRUARY 16, 2018

Periu is CEO and co-founder of Neptune Financial (NepFin) , one of the newer lending companies in the U.S., Periu, who served as global co-head of Capital Markets at Funding Circle, launched NepFin in late 2016 alongside Co-Founder Thomas Meister, former senior counsel at Funding Circle too. This is about augmentation,” he said.

Lending 101

Lending Marketing Analytics Capital 101

Abrigo

NOVEMBER 18, 2016

In a survey of community banks and credit unions at the 2016 Sageworks Risk Management Summit, 42 percent of respondents said Commercial Real Estate, or CRE, lending was their primary focus for loan portfolio growth. For many, commercial real estate lending may be the ticket. This reflects a larger industry trend.

Community Bank 150

Community Bank Handbook Lending Risk Management 150

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. 3, 2016, compliance date. By Mary Thorson Wright. The effective date of the final rule was Oct. Beginning Oct.

Lending 70

Lending Compliance Regulation Virginia 70

Abrigo

MARCH 22, 2017

In September 2016, more than 240 bankers and industry experts from both community banks and credit unions attended the Risk Management Summit in Austin, Texas. Here are the 2016 Summit Takeaways. The agenda fully embraced the “Year of CECL” and covered the accounting change in detail. “The

Risk Management 186

Risk Management Management Denver Conference 186

NCR

DECEMBER 1, 2017

It’s an interesting time to be a community financial institution (FI) right now. For smaller community banks and credit unions in the US, it might seem like a difficult time to do business, with so much change, intensifying competition and regulatory compliance to contend with. Challenges for community financial institutions.

Community 56

Community Community Bank Michigan Lending 56

PYMNTS

FEBRUARY 6, 2018

“It’s a bit like if a bank allowed depositors to interact with borrowers, and you organized that interaction around social groups to create additional loyalty to the bank,” Rockefeller said in a 2016 interview. That rate, he noted, is based on more than mutual soldier loyalty, as StreetShares has other lending requirements.

Lending 119

Lending Virginia United States Capital 119

CFPB Monitor

OCTOBER 24, 2023

of its mortgage loan applications from residents of, or for properties located in, majority-Black and Hispanic areas in its CRA assessment area, compared to 9.5% for its peer lenders, and on average 46.5% of the applications generated by WTC in those areas were from White applicants, compared to 25% for its peers.

Rhode Island 158

Rhode Island Washington Community Marketing 158

PYMNTS

FEBRUARY 13, 2019

According to The Wall Street Journal ( WSJ ), the Federal Reserve revealed that the average merger review time — with opposition from community groups — fell to 3.8 months in 2016. Another issue is that community input doesn’t seem to carry much weight anymore. months in the first half of 2018 from 5.6

Community 148

Community Groups Policies Regulation 148

Independent Banker

JULY 31, 2022

Observing the gap in pandemic relief in south Florida due to a lack of local community banks, a trio of banking veterans teamed up to form a digital-first community bank—and were granted a charter in record time to support local businesses. from 2016 until its sale in 2018. By Katie Kuehner-Hebert. Name: Locality Bank.

Florida 91

Florida Community Bank Community FDIC 91

PYMNTS

MARCH 11, 2020

The central bank acknowledged that it might be difficult for financial institutions (FIs) to reduce their deposit rates and that also could limit the banks’ ability to cut their lending rates. As part of the economic plan, the B0E is making additional funds available to FIs that increase lending, especially to SMBs.

Lending 130

Lending Policies Community Meeting 130

PYMNTS

JUNE 17, 2019

Thomas Curry, the OCC comptroller who first proposed the idea for a charter in 2016, according to reports, led the OCC to meet with the technology and FinTech conglomerates as it developed the idea. The proposal was met with early backing from the banking, FinTech and alternative lending community.

Google 142

Google National Fintech Regulation 142

PYMNTS

JULY 18, 2016

And while reality has offered many fine examples to back up the expression in the 193 years since it was first coined, 2016 might just end up being the year that truth, finally and comprehensively, beats fiction’s ability to top it. Lending Club’s Latest Bad News. This week was no different. Need to know more?

Lending 100

Lending Payments Metro Cards 100

PYMNTS

JULY 5, 2018

It is the first time since early 2016 that wage growth has been below 2.50 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. communities.”. communities.”. percent year over year.”.

Lending 100

Lending Online Community Fintech 100

PYMNTS

MAY 30, 2018

Financing of all sorts was on the downswing, and SMB owners began dipping into their own piggy banks before seeking a lending agreement. The Economic Growth, Regulatory Relief and Consumer Protection Act loosened some of the regulations on small financial institutions, including community banks whose customers included many small businesses.

Lending 115

Lending Community Bank Survey Community 115

PYMNTS

AUGUST 10, 2018

Marketplace lending : Firms put up numbers amid earnings reports, showing traction in the model that online is the place to be. trillion in cash spent in 2016. Amazon always puts in a strong performance, but Walmart is using robots — and PYMNTS has a known enthusiasm for any plan that involves a robot.

Lending 100

Lending New Hampshire Sacramento Online 100

Independent Banker

OCTOBER 31, 2021

The CARES Act extended the CECL implementation deadline for many larger community banks until the end of the COVID-19 pandemic. Community bankers tell us that while the extension is welcome, they’re already down the road to implementation. ICBA tells FASB CECL isn’t feasible for community banks. February 2016. April 2011.

Community Bank 91

Community Bank Community Software New York City 91

Filene

APRIL 13, 2016

About opportunities to implement Community Microfinance at your credit union. Register for any of the following sessions (click on date to register): Wednesday, April 13, 2016 | 2:00 PM - 3:00 PM CDT. Community Microfinance is one of five programs in the Reaching Minority Households Incubator. million to small business owners.

Community 28

Community Lending Training 28