PYMNTS

MARCH 19, 2019

The country’s regulators have gotten tough on the shadow banking market in recent years. percent from the end of 2017 and hitting its lowest level since 2016. However, while regulators are happy to see shadow lending fade, the sector’s main borrowers — private companies — are feeling the strain.

Lending 100

Lending Regulation Maine Regional 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

CFPB Monitor

DECEMBER 13, 2018

The CFPB has issued a new annual report covering its fair lending activities during 2017. Since Mick Mulvaney did not become Acting Director until the end of November 2017, the fair lending activities described in the report largely took place under former Director Cordray’s leadership.

Lending 92

Lending Report Regulation Leadership 92

PYMNTS

JANUARY 9, 2020

China’s peer-to-peer (P2P) lending market is headed for more turbulence in 2020 as more of its popular platforms face potentially being shut down as the government tightens regulatory reins. Stronger regulatory rules compelled P2P services to plunge to 343 last year compared to 2,680 in 2016. billion yuan (US$70.4

Lending 131

Lending Regulation Capital Industry 131

PYMNTS

OCTOBER 18, 2016

Lending Club has had a tough year. In early May, news broke that Lending Club had played fast and loose with its documents and disclosures, including the fact that then-CEO Renaud Laplanche had failed to disclose a personal stake in a firm Lending Club had an investment relationship with. The revelations were shocking.

Lending 100

Lending San Francisco Comparison Maine 100

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.”. The consumer credit market has huge potential — trillions and trillions of dollars — and I wanted to ride that winner. And disrupt Lending Club did, with its marketplace lending model, scores of imitators in the U.S.

Lending 100

Lending Compliance Capital Marketing 100

PYMNTS

AUGUST 2, 2016

Small businesses will be crucial to the expansion of the P2P lending market across the globe, analysts from Technavio said. 1) said micro, small and medium-sized enterprise (MSME) lending will help fuel growth in the global peer-to-peer lending space between 2016 and 2020. ”

Lending 100

Lending Capital Management Analytics 100

Celent Banking

MARCH 30, 2016

Last week, I participated in a Finextra webinar on the topic of “Connected Credit and Compliance for Lending Growth” with panelists from ING, Vertus Partners, Misys and Credits Vision. Cost of compliance. Changing client expectations. Competition from new entrants.

Lending 100

Lending Compliance Training Capital 100

PYMNTS

JANUARY 13, 2017

The alternative lending industry continues to scoff at doubters, and the latest B2B venture capital roundup suggests confidence is growing in the space — and not just in the U.S., Last month was a booming time for alternative lending when top names, like BlueVine, scored hefty sums. Alt-Lending. and across Europe and the U.K.

Lending 100

Lending Capital Industry Analytics 100

PYMNTS

OCTOBER 26, 2017

It was the (initially) small FinTech startups that delivered a collective shakeup to the small business (SMB) lending industry. Technology giants like Google and Amazon , which gained their market muscle from non-finance-related ventures, are slowly stepping into the space. When I look at it from a U.S.

Lending 109

Lending Google Fintech Industry 109

PYMNTS

APRIL 17, 2018

Interest rates plummeted as the Fed held the federal funds rate at zero in the hopes of stimulating lending in an environment where credit went from dangerously free-flowing to dangerously non-existent in the span of a few months. People are buying houses such that there is now a supply shortage in the market. economy.

Lending 137

Lending Examples America Metro 137

PYMNTS

JANUARY 29, 2018

The financial services market has progressed by leaps and bounds in terms of innovation, from the rise of alternative finance to the development of technologies like blockchain and open banking initiatives. despite a flurry of concerns over regulations, economic development and more.

Lending 116

Lending Florida Report Community Bank 116

PYMNTS

FEBRUARY 10, 2017

The Federal Trade Commission had a busy year in 2016, surveying consumers about buying and financing car purchases, issuing a report aimed at helping businesses harness the power of Big Data without discriminating and also taking a hard look at the FinTech market and its implications for consumers.

Big Data 100

Big Data Fintech Data 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

PYMNTS

FEBRUARY 18, 2020

LendingClub provides personal lending online, and it wants access to funding that is more stable and not as expensive. The bank is one of a few smaller lenders that has teamed up with FinTechs who need services only an FDIC-regulated institution can provide. Radius is based in Boston and has in the neighborhood of $1.4

Fintech 242

Fintech FDIC Boston Lending 242

PYMNTS

SEPTEMBER 5, 2016

China has worked to curb the rise of so-called “shadow banking” in an effort to stave off risky borrowing, but government efforts aren’t making headway in all areas of the market. Reports late last week said the nation’s mid-sized lenders continue to push into the shadow lending segment.

Lending 100

Lending National Report Marketing 100

CFPB Monitor

MAY 23, 2016

The CFPB has released its Spring 2016 rulemaking agenda. The Spring 2016 agenda does not reflect the CFPB’s release of its proposed arbitration rule on May 5, 2016, stating only that the CFPB “is preparing to issue a Notice of Proposed Rulemaking this spring.” Arbitration. Payday and deposit advance loans.

Kansas City 84

Kansas City Lending Missouri Kansas 84

CFPB Monitor

MAY 6, 2021

The OCFR claims that the Bank’s failure to hold the required lending licenses makes the loans unenforceable and prohibits Atlanticus/Fortiva from collecting any amounts on the loans. In 2016, the OCFR brought an enforcement action against CashCall, a nonbank operating a high-rate bank model program.

Maryland 78

Maryland Lending Missouri FDIC 78

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

CFPB Monitor

DECEMBER 1, 2016

The CFPB’s Fall 2016 rulemaking agenda has been published as part of the Fall 2016 Unified Agenda of Federal Regulatory and Deregulatory Actions. The preamble indicates that the information in the agenda is current as of October 19, 2016. The Fall 2016 agenda does not give an estimated date for a final rule.

Regulation 60

Regulation Lending Data Report 60

PYMNTS

DECEMBER 11, 2017

s alternative finance market grew by 43 percent in 2016, and researchers are pointing to small businesses (SMBs) as a key driver of that expansion. billion was raised through alternative finance platforms like crowdfunding and peer-to-peer (P2P) financing in 2016, up from about $4.3 billion driven by startups and SMBs in 2016.

Lending 109

Lending Survey Marketing Regulation 109

PYMNTS

JUNE 28, 2016

And while we expect 2016 will mark the 24oth July 4th in a row that the British have not celebrated, one can not help but admire the impressive degree to which they’ve upped the level of the fireworks game. By the end of Friday – $2 trillion was gone from the world markets. to get back on the SS E.U.) freedom of motion.

Lending 100

Lending National Marketing Online 100

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.

United States 174

United States Regulation cryptocurrency Cleveland 174

PYMNTS

DECEMBER 1, 2019

Launched in 2005, Zopa is considered one of the world’s first P2P lenders, lending almost £4 billion to consumers in the U.K. Zopa raised £60 million from new and existing investors in two funding rounds since applying for the banking license in 2016, and hired a number of former banking executives to create a new bank board.

Digital Banking 142

Digital Banking Capital Regulation Lending 142

PYMNTS

SEPTEMBER 25, 2018

When it comes to FinTech firms and lending, might it be that what we don’t know could hurt us? Beyond that, volume has exploded, with $284 billion extended in 2016 compared to $11 billion in 2013. China was the largest market, yet volume has declined in recent periods.

Fintech 172

Fintech Lending United States Regulation 172

PYMNTS

FEBRUARY 19, 2019

The average merger review time at the Office of the Comptroller of the Currency (OCC) declined between 2016 and 2018, too, reports in The Wall Street Journal said. Reports said Powell noted that looser community bank regulations may help keep branches open. months in the first half of 2018, from 5.6 months in the first half of 2017.

Marketing 108

Marketing Community Community Bank Industry 108

PYMNTS

JUNE 17, 2019

Citing unnamed sources, the technology firms approached the OCC about obtaining the bank charter, a new mechanism offered by the OCC aimed at making it easier for FinTech firms to enter the banking market and promote competition for customers. The proposal was met with early backing from the banking, FinTech and alternative lending community.

Google 142

Google National Fintech Regulation 142

CFPB Monitor

MARCH 30, 2020

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes the following key provisions that affect financial institutions and regulation of financial institutions: Section 4003 – Emergency Relief and Taxpayer Provisions. Section 4011 – Temporary Lending Limit Waiver.

Regulation 122

Regulation United States Community Bank National 122

PYMNTS

MARCH 14, 2017

As small digital lending startups have recently began flourishing across China, government officials are getting ready to exert just a bit more control over them. This crackdown follows a similar move made in recent months to bring more regulatory oversight to P2P lending in China.

Lending 115

Lending Big Data Online Regulation 115

CFPB Monitor

NOVEMBER 7, 2016

In its Fall 2016 Supervisory Highlights , which covers supervision work generally completed between May and August 2016, the CFPB highlights violations found by its examiners involving origination and servicing of auto financing, debt collection, mortgage origination and servicing, student loan servicing, and fair lending.

Lending 83

Lending Report Regulation Policies 83

PYMNTS

NOVEMBER 20, 2018

This reverses the previous year’s trend, between 2016 and 2017, when sub-prime loan originations across categories fell by 7.1 In 2016, the market experienced a pullback as lenders slowed or stalled sub-prime originations,” Komos said. “In It shows the resiliency of the market.”. 30 was the biggest jump since 2016.

Lending 188

Lending Trends Cards Capital 188

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

NOVEMBER 27, 2017

News of increased scrutiny of the online market in China is leading to concerns about the LexinFintech IPO and the market in general. The increased regulation put pressure on Qudian, the Chinese online lender that is backed by Alibaba and its affiliate Ant Financial. LexinFintech is aiming to raise $500 million in its U.S.

Online 100

Online Lending Regulation Meeting 100

PYMNTS

APRIL 29, 2019

The committee, which is the result of the 2016 SEC Small Business Advocate Act, will meet for the first time in early May, according to reports. It succeeds the Advisory Committee on Small and Emerging Companies, which ceded operation in 2017.

Capital 108

Capital Lending Regulation Report 108

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

PYMNTS

JANUARY 10, 2019

Alternative small business (SMB) lending platform CAN Capital announced on Wednesday (Jan. In 2016, the company placed its then-CEO Daniel DeMeo on a leave of absence. 9) that Edward J. Siciliano has been appointed as the new chief executive officer. ” CAN Capital has endured highs and lows throughout its years of operation.

Capital 134

Capital Leadership Customer Experience Lending 134

PYMNTS

JANUARY 25, 2018

In an attempt to address many of these concerns, regulators have stepped in with initiatives, such as establishing a Small Business Commissioner last year to champion SMB-related causes. “It will transform the business funding market and is a real step [toward] change for small businesses.”

Lending 122

Lending Regulation Marketing Operations 122