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 billion yuan (US$70.4

Lending 131

Lending Regulation Capital Industry 131

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

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

CFPB Monitor

MAY 6, 2021

Atlanticus/Fortiva performs all of the collections, servicing, payment and remittance operations in connection with the accounts. 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.

Maryland 78

Maryland Lending Missouri FDIC 78

CFPB Monitor

FEBRUARY 13, 2017

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. In January 2016, the FTC issued a report warning that certain uses of big data consisting of consumer information may implicate various federal consumer protection laws.

Report 68

Report Big Data Lending Survey 68

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. Their next target could be small business lending, and according to some experts, it’s fast approaching the market. New reports in Bloomberg on Wednesday (Oct.

Lending 109

Lending Google Fintech Industry 109

PYMNTS

JUNE 17, 2019

The dispute over the Office of the Comptroller of the Currency ‘s (OCC’s) national bank charter, which became available to FinTech firms last year, has reportedly caused technology conglomerates to shy away from a tool that aims to provide nonbank firms with a more streamlined way to operate on a national level.

Google 142

Google National Fintech Regulation 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. Broken down a bit, business lending was most prevalent in countries such as Singapore, the Netherlands and Japan.

Fintech 172

Fintech Lending United States Regulation 172

Bank Innovation

MARCH 10, 2016

Is there a way to prevent regulators from derailing a bank’s fintech initiatives? Jill Castilla, president and CEO of Citizens Bank of Edmond, located in Edmond, Okla., says there is.

Regulation 150

Regulation Fintech Community Strategy 150

PYMNTS

JANUARY 10, 2019

Alternative small business (SMB) lending platform CAN Capital announced on Wednesday (Jan. CAN Capital added Siciliano from commercial financing company Marlin Business Services , where he served in a variety of roles, including CEO and chief operating officer. 9) that Edward J.

Capital 134

Capital Leadership Customer Experience Lending 134

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

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

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. Those shocks included LendingClub come-apart as the spark and increasingly interested looking pack of regulators coming to call.

Lending 100

Lending National Marketing Online 100

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

NOVEMBER 27, 2017

operator of China’s leading online lender Fenqile, was slated to meet with advisers over the weekend to decide if it will go ahead with a proposed initial public offering (IPO) in the U.S. The increased regulation put pressure on Qudian, the Chinese online lender that is backed by Alibaba and its affiliate Ant Financial.

Online 100

Online Lending Regulation Meeting 100

Independent Banker

JULY 31, 2022

Locality Bank, a digital-first community bank serving south Florida that opened in January, is run by industry veterans with such successful track records that regulators signed off on their application for a charter in less than a year. from 2016 until its sale in 2018. Location: Fort Lauderdale, Fla. Filling a need.

Florida 91

Florida Community Bank Community FDIC 91

CFPB Monitor

MARCH 30, 2016

As we have addressed , Congress passed the Helping Expand Lending Practices in Rural Communities Act of 2015 (HELP Act) on December 4, 2015, in efforts to expand the designation of additional areas as being “rural” under Regulation Z of TILA. The CFPB issued its first rule to the implement the HELP Act on March 3, 2016.

Lending 60

Lending Regulation Operations Community 60

Abrigo

JULY 7, 2021

Every bank and credit union in the United States either operates in a state that has legalized or decriminalized some form of cannabis or borders one that has. Steven Kemmerling , CEO of CRB Monitor, first introduced the idea of CRB tiers in 2016 to differentiate the types of marijuana-related businesses and their perceived risks.

Compliance 195

Compliance Operations Regulation United States 195

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. Research released in 2016 by the British Chambers of Commerce and by Bibby Financial Services found that only 18.8 As part of the U.K.

Lending 122

Lending Regulation Marketing Operations 122

PYMNTS

JANUARY 25, 2017

Will 2016 once again present an explosion in alt-lending transaction value? According to Robert Wardrop, executive director of the Cambridge Centre for Alternative Finance, the upcoming report on the issue will look to answer that — though the financial value of alternative lending may not be the right question to answer this year.

America 100

America Lending Regulation Regional 100

PYMNTS

APRIL 25, 2016

Visa is determined to make EMV faster, Starbucks wants to make getting that cuppa joe faster, too, and is crushing it with mobile order ahead and the CFPB might be moving closer to having a fast exodus of the payday lending business once its rules drop. Operating income increased 11 percent to $864 million. EMV’s Second Phase.

Lending 100

Lending Mobile Cards Fraud 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. For 40 percent, the challenges came from paying operational expenses, while 30 percent said securing credit was a pressing issue. In the 10 years following the financial crisis, the U.S.

Lending 115

Lending Community Bank Survey Community 115

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. The build-back from the revelations of 2016 was a bit more of a lengthy process.

Lending 135

Lending Fraud Management San Francisco 135

PYMNTS

SEPTEMBER 4, 2018

payday lending startup Wonga has come to the end of the road, having filed for administration (similar in concept to bankruptcy in the U.S.) According to the Financial Times , complaints against Wonga’s lending practices, logged with regulators, were up 80 percent since that emergency injection. A Long Walk. for that loan.

Lending 100

Lending Regulation Capital Report 100

PYMNTS

SEPTEMBER 27, 2017

Trade finance revenue is slipping at the world’s largest banks, especially as companies struggle in a global trade environment operating with a $1.5 More banks in 2017 are implementing digitized technologies than in 2016, researchers found, with FinTechs providing these solutions focusing on cost reduction for banks.

Fintech 128

Fintech Survey Lending United States 128

PYMNTS

OCTOBER 31, 2019

Regulators must approve it as well. Yes Bank is a private-sector bank that mainly operates as a corporate bank, but it also does asset management and retail banking. The deal is still awaiting approval by the bank’s shareholders and the board. He was replaced by Deutsche Bank executive Ravneet Gill.

Regulation 100

Regulation Taxes Maine Capital 100

PYMNTS

DECEMBER 21, 2016

s first banks built exclusively for mobile , provided an update on business since launching in April of this year and becoming fully operational as of October, saying in a press release the company has deposits that exceeded £110 million across its Fixed Saver accounts. Among the 2016 highlights, Atom said the bank became the only U.K.

Lending 100

Lending Mobile Regulation Technology 100

CFPB Monitor

MAY 3, 2016

The CFPB recently published a fact sheet for small creditors operating in rural or underserved areas. As we have reported , the CFPB issued a final rule, which became effective on January 1, 2016, revising the definitions of “small creditor” and “rural areas” under Regulation Z of the Truth in Lending Act (TILA).

Resources 60

Resources Compliance Regulation Lending 60

PYMNTS

JANUARY 22, 2020

Below, PYMNTS examines the latest in commercial card innovation, regulation and disruption. bank NatWest is augmenting its small business (SMB) lending offering through a new partnership with small business prepaid card provider Soldo. Visa, Sabre Pair For Virtual Travel Cards. NatWest Bolsters SMB Loans With Cards.

Cards 131

Cards New York Lending Strategy 131

PYMNTS

SEPTEMBER 19, 2019

The Brexit saga is a case study in uncertainty ever since then-British Prime Minister David Cameron stepped down June 24, 2016, the day after the referendum vote unexpectedly ruled in favor of leaving the European Union. Bank lending to business has hit its l owest level in two years. With Brexit’s Oct. Lots have happened.

Case Study 181

Case Study Lending Regulation Study 181

PYMNTS

OCTOBER 24, 2019

The Office of the Comptroller of the Currency (OCC) debuted a special purpose charter in 2016 that would have given FinTechs a leg up on competing with traditional financial services companies. By way of example, FinTechs must cobble together money transmitter licenses from each state in which they operate. As reported , the U.S.

Fintech 101

Fintech FDIC New York National 101

PYMNTS

JANUARY 11, 2018

According to the report, 88 percent of lenders plan to lend more in 2018 than they did in 2017, and more than a third (36 percent) said they plan to lessen requirements for loan approval. So while lending volume in the U.S. percent in 2016. might be expanding, gaps in business finance – especially among SMBs – remain.

Fintech 126

Fintech Lending Trends Operations 126

PYMNTS

FEBRUARY 9, 2017

Small business finance is one of the most competitive, innovative and challenging markets in which to operate. That dedication and focus is what led Fundbox to secure gold in the PYMNTS.com Innovation Project 2016 Awards category of Best Small Business Innovation. When it comes to regulation, “we welcome that,” he said.

Innovation 100

Innovation Fintech Regulation Lending 100

PYMNTS

FEBRUARY 15, 2019

American Banker reports that as several banks shift operations away from the United Kingdom and establish a greater presence on the continent, there will be more focus on risks tied to those banks, and greater attention paid to assets and liabilities.

Capital 108

Capital America Course Operations 108

BankUnderground

JANUARY 27, 2021

One key message stands out: banks that are more rooted in their market are much more likely to continue lending when faced with the economic fallout from such shock. Banks with access to central bank liquidity continued or even expanded their lending. A pandemic or natural disaster can impact lending in several ways.

Lending 70

Lending Study Marketing Capital 70

Independent Banker

JANUARY 28, 2016

Anticipating safety and soundness exam issues in 2016. As in past years, community bankers will have a dynamic regulatory environment to contend with in 2016. IB: What safety and soundness issues are the regulators watching out for this year? What should community banks anticipate here?

Community Bank 70

Community Bank Community Regulation Lending 70