CFPB Monitor

APRIL 15, 2016

The interest of federal regulators in marketplace lending continues to grow. In March 2016, the CFPB announced that it is taking complaints about marketplace lenders. Now, the FTC has joined in by announcing that on June 9, 2016, it will host a half-day forum in Washington, D.C.

Lending 60

Lending FDIC Washington Financial Technology 60

PYMNTS

OCTOBER 1, 2018

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. Attorney Alex Tse. “We The Response.

Lending 135

Lending Fraud Management San Francisco 135

CFPB Monitor

AUGUST 8, 2019

The results showed that Upstart’s model using alternative data and machine learning approved 27% more applications than a traditional lending model and yielded 16% lower average APRs. The CFPB, in its July 2019 fair lending report, discussed supervisory reviews of alternative credit scoring models.

Data 60

Data Lending Compliance Policies 60

William Mills

SEPTEMBER 9, 2016

William Mills Agency will be live blogging at Finovate Fall 2016. International lending platform – Create opportunities for Investors. Regulated Financial Institution. 2015 formed aspire to address inefficiencies in alternative lending market. We are launching a pilot for the 2016-17 Australian grains harvest.

social media 40

social media ATM Mobile Customer Experience 40