PYMNTS

MAY 24, 2019

Baoshang Bank, based in Inner Mongolia, will be taken over by China’s banking and insurance regulator over critical credit risks, according to a report by Reuters. billion) at the end of 2016, which is a leap of 65 percent since 2014. The bank’s non-performing loan ratio, as of December 2016, was 1.68 billion yuan ($22.68

Regulation 158

Regulation Lending Guidelines Maine 158

Jeff For Banks

APRIL 6, 2021

The study also analyzed the impact of the change in oversight intensity brought about by the 2016 election. The first was regulator arbitrage, where a bank decides to have an activity regulated by one entity rather than another because of the perception that the chosen regulator will be less risky to them. This is good.

Regulation 78

Regulation Philadelphia Study Lending 78

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. trillion ($9.1

Lending 100

Lending Regulation Maine Regional 100

PYMNTS

APRIL 12, 2019

Nonbank lending – also known as “ shadow banking ” – has seen its assets hit $52 trillion, despite the fact that the sector poses significant risks. In fact, the country’s regulators have gotten tough in recent years, causing outstanding loans in the sector to fall to ¥61.3 While the U.S. trillion ($9.1

Lending 123

Lending US Comparison Regulation 123

PYMNTS

OCTOBER 31, 2019

Shanghai regulators are ordering more than 40 peer-to-peer (P2P) lenders to get ready to close shop, the Financial Times (FT) reported on Thursday (Oct. P2P lending fell under scrutiny when President Xi Jinping starting cracking down on financial risk. Lufax had been struggling since 2016 to meet requirements.

Regulation 100

Regulation Lending Meeting Fraud 100

Abrigo

JULY 11, 2017

In December of 2016, the Consumer Financial Protection Bureau’s associate directors of the Office of Fair Lending expressed a new shift in priorities that will increase focus on small business lending, among other loan types.

Regulation 150

Regulation Memphis Tennessee Lending 150

Abrigo

NOVEMBER 12, 2016

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. Many community banks and credit unions are turning to small business loans as a source of loan growth.

Lending 186

Lending Community Bank Community Analysis 186

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

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.”. 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

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 29, 2018

despite a flurry of concerns over regulations, economic development and more. 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., Now, a decade on, small business optimism is up in the U.S.,

Lending 116

Lending Florida Report Community Bank 116

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

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

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

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

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

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. Transactions not covered by Regulation Z are excluded from coverage under the rule. 3, 2016, compliance date.

Lending 70

Lending Compliance Regulation Virginia 70

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

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. The New Subprime Lending Path. Citigroup’s auto lending unit has been nearly entirely sold off.

Lending 137

Lending Examples America Metro 137

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

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

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

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

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

PYMNTS

MARCH 10, 2017

Reports Thursday (March 9) said a review of small business lending practices among top banks suggest these FIs have “substantial work to do” to meet obligations outlined in legislation aimed at protecting borrowers and combating unfair contract terms. I’m gob-smacked really,” said ASBFEO’s Kate Carnell in a statement.

Regulation 101

Regulation Meeting Lending Report 101

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

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

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

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

PYMNTS

SEPTEMBER 5, 2016

Reports late last week said the nation’s mid-sized lenders continue to push into the shadow lending segment. Earlier this year the China Banking Regulatory Commission (CBRC) introduced legislation to gain control of shadow lending practices. trillion in value as of the end of June, according to data from 25 listed Chinese banks.

Lending 100

Lending National Report Marketing 100

CFPB Monitor

JULY 6, 2016

In its Summer 2016 Supervisory Highlights , which covers supervision work generally completed between January and April 2016, the CFPB highlights violations found by its examiners involving automobile origination, debt collection, mortgage origination, small-dollar lending, and fair lending. Small-dollar lending.

Lending 68

Lending Regulation Compliance System 68

American Banker

SEPTEMBER 27, 2023

based Washington Trust over race-based lending discrimination and redlining in the state, saying the bank denied lending services to Black and Hispanic neighborhoods from 2016 to 2021. The Department of Justice reached a $9 million settlement Wednesday with Westerly, R.I.-based

Rhode Island 68

Rhode Island Washington Lending Compliance 68

Abrigo

NOVEMBER 12, 2020

Real estate lending BSA training should include GTO guidance. Monitoring systems and/or procedures should automatically alert the BSA department to these types of activity. These red flags include R eal e state lending BSA training should include GTO guidance. BSA Rules and Regulation. BSA Rules and Regulation.

New York City 195

New York City Las Vegas San Antonio San Diego 195

PYMNTS

JUNE 17, 2019

However, reports noted that the companies ultimately decided against pursuing a national charter, fearing that doing so might jeopardize their relationships with state-level regulators, particularly in the context of state lawsuits filed against the OCC over its authority to create such a national-level bank charter.

Google 142

Google National Fintech Regulation 142

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