Independent Banker

OCTOBER 31, 2021

Offering digital lending isn’t about the bells and whistles. started developing its digital lending platform about three years ago—and the bank is really glad it did. “I’m Community bankers are increasingly recognizing that the future of digital lending is here. Illustration by Out of the box/Stocksy. By Beth Mattson-Teig.

Lending 91

Lending Community Bank Community North Dakota 91

Gonzobanker

MAY 31, 2019

Financial institutions that want to play in the small business lending sandbox need to bring their digital toys. But how can community banks successfully compete with big banks and fintechs that are spending billions on their digital lending capabilities? In a recent American Banker. In a recent American Banker. Source: DeBanked ).

Lending 136

Lending Community Bank Community Data 136

PYMNTS

APRIL 25, 2018

Capital One logged stronger than expected results when it posted its earnings yesterday — the growth was driven largely by rising interest rates and an uptick in its largest lending categories, cars and cards. The competitive marketplace remains intense, but generally rational. Capital One reported net income up 71 percent to $1.3

Capital 100

Capital Lending Cards Taxes 100

PYMNTS

MARCH 13, 2017

70 percent of SMEs didn’t use tax software in 2016 , found Office Depot in its most recent Small Business Index survey. Nearly a quarter of small businesses said they still use paper forms when filling out taxes. There are so many options available to small businesses today, the executive added. 37 percent of SMEs in the U.K.

Financial Technology 127

Financial Technology Technology social media Taxes 127

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

PYMNTS

MARCH 1, 2018

56 percent | Percentage of ground transportation expenses Uber secured for travel and expense company Certify’s customers in 2017, up 52 percent in 2016. 25 | Number of hours it can take for SMBs to manually prepare and submit paperwork for the business lending process. workforce by 2020.

Innovation 100

Innovation Data Taxes Lending 100

ZootBlog

JUNE 8, 2016

In July 2015, the Department of Defense (DoD) passed major changes to the Military Lending Act (MLA) with target compliance dates of October 3, 2015 and October 3, 2017. The MLA’s overall goal is to prevent predatory lending against U.S. If not already planning, starting now can avoid a rush to the October 3, 2016 deadline.

Lending 60

Lending Regulation Taxes Security 60

PYMNTS

AUGUST 31, 2020

The AP reported that economists said Prime Minister Narendra Modi’s 2016 decision to strip the country’s currency of its status as legal tender and a goods and services tax hurt manufacturing. Among the problems is a history of bad lending decisions and poor governance. India has been tracking GDP since 1996.

Taxes 150

Taxes Lending Report System 150

CFPB Monitor

SEPTEMBER 2, 2016

The American Bankers Association, joined by six other prominent industry trade groups, is seeking a six-month extension of the date by which depository institutions must comply with the Military Lending Act (MLA) final rule adopted by the Department of Defense (DoD) in July 2015 that dramatically expanded the scope of the MLA’s coverage.

Compliance 79

Compliance Groups Lending FDIC 79

PYMNTS

APRIL 30, 2018

The FI said this statistic is two percentage points higher than last year’s report, and a whopping 25 percentage points up from 2016 levels. More than half of small firms also say their local economies are going to improve this year (56 percent), up from 50 percent in the spring of last year, and just 38 percent in 2016.

Taxes 144

Taxes America National Community 144

CFPB Monitor

JULY 27, 2015

The Department of Defense (DoD) dramatically expanded the scope of the Military Lending Act (MLA) on July 22, 2015, publishing its Final Rule amending the MLA’s implementing regulation. The DoD consulted with the CFPB in developing the Final Rule, and the CFPB actively supported the DoD’s plans to expand MLA coverage.

Lending 60

Lending Taxes Cards Regulation 60

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

APRIL 16, 2019

The overhaul was put forth by the European Commission in November of 2016, and it mandates the amount of cash a bank has to put aside to be able to absorb losses. Parliament also passed protection for whistleblowers who bring crimes like tax evasion to light.

System 116

System Taxes Regional Google 116

CFPB Monitor

SEPTEMBER 2, 2016

Although the DoD’s final rule took effect on October 1, 2015, it applies only to consumer credit transactions or accounts that are consummated or established after October 3, 2016 for most products, and after October 3, 2017 for credit cards. The request was made in a letter to the CFPB, the Fed, the FDIC, the OCC, and the NCUA (Agencies).

Compliance 60

Compliance Groups Lending FDIC 60

Abrigo

MAY 5, 2017

Instead, applicants have more gripes about the process they encountered at financial institutions than about the financial aspects of their transactions, according to the 2016 Small Business Credit Survey by the Federal Reserve. How are you going to know if the institution even lends to your industry unless it says it does?

Survey 150

Survey Online Lending Taxes 150

PYMNTS

MAY 1, 2019

.’s Bank Referral Scheme, part of the government’s array of initiatives to expand access to capital for small businesses, has been marred by controversy and criticism since it first came into effect in late 2016. But the scheme faced some of its harshest attacks yet at the hands of the Corporate Finance Network, a U.K.

Policies 148

Policies Capital Lending Report 148

PYMNTS

JULY 1, 2016

The Consumer Financial Protection Bureau said Thursday (June 30) that it has, through the first four months of 2016, recovered $24.5 The products under scrutiny run the gamut from auto loans to mortgages to small dollar lending. . million for consumers harmed by illegal auto finance and other types of loans. .

Training 101

Training Taxes Lending Payments 101

PYMNTS

FEBRUARY 20, 2018

Late payments and out-and-out defaults and charge-offs are on the rise across a few lending segments. trillion, a $193 billion increase from Q3 and $402 billion higher than the fourth quarter of 2016. A fair portion of that interest rate, according to the Fed, was an uptick in mortgage lending. Student Lending.

Lending 105

Lending Cards America New York 105

PYMNTS

NOVEMBER 7, 2018

That growth was outpaced by a record number of applications, up 30 percent year on year, as LendingClub looks to spur “awareness” of the benefits of fixed-rate lending in an era where interest rates are on the rise. The company said it had loan originations of $2.9

Taxes 159

Taxes Management Risk Management Capital 159

PYMNTS

APRIL 30, 2018

In this world, the only things certain are death and taxes. Marketplace lending. The blockchain can even end world poverty and transform society by making it safer for total strangers to lend each other money — without any third-party intermediary — and without any risk. Marketplace Lending. Honesty is the best policy.

Fintech 183

Fintech blockchain Lending Digital Banking 183

PYMNTS

JULY 31, 2017

Codel, head of consumer lending at Wells Fargo, said in an interview. “We Consulting firm Oliver Wyman prepared the document after reviewing insurance policies sold to the banking firm’s customers from January 2012 through July 2016. For Stripe, it means reducing friction at tax time. North Korea’s For-Profit Hacking.

Taxes 100

Taxes Data Security Report 100

PYMNTS

FEBRUARY 23, 2018

As noted by Reuters , and, in an additional statement from Citigroup, the banking giant — which is the third-largest card lender in the United States in 2016, according to the Nilson Report — disclosed the extent of the impact: 1.75 Citigroup disclosed in a filing with the Securities and Exchange Commission (SEC) on Friday (Feb.

Cards 109

Cards United States Regulation Taxes 109

William Mills

SEPTEMBER 7, 2016

William Mills Agency will be live blogging at Finovate Fall 2016. 09:47 am Finovate Fall 2016 Day 1 Recap. End of Day 1, check back later today for our video recap of Finovate Fall 2016! Built a workflow for the bank so the bank can approve payment and see all compliance and tax information. William Mills and K.T.

Mobile 40

Mobile Cards Fraud Data 40

PYMNTS

OCTOBER 31, 2019

The Bombay Stock Exchange’s Sensex index also saw record highs, with a rally of more than 40,300 points due to a corporate tax cut and other business-boosting reforms. On Thursday (Oct. 31), shares were up 24 percent after trading about 30 percent higher than usual. He was replaced by Deutsche Bank executive Ravneet Gill.

Regulation 100

Regulation Taxes Maine Capital 100

PYMNTS

AUGUST 4, 2016

With its stock value up 10 percent in after hours trading – Square has managed to please investors with losses smaller than expected, growing payments volumes and continuing signs of strength emanating from from its lending platform for small business, Square Capital. Lending’s Continue March Forward.

Lending 100

Lending Capital Payments Taxes 100

PYMNTS

MAY 9, 2016

The firm published its 2016 Small Business Fraud Report , emphasizing the risks that small businesses face in back-office fraud. 69% of small business owners are optimistic about the year ahead , found Chase for Business in its 2016 Business Leaders Outlook report. Dive into the data below to make up your own mind. .

America 100

America National Capital Survey 100

Independent Banker

DECEMBER 28, 2015

I hope you enjoyed the holidays and are looking forward to a prosperous 2016. Also, several beneficial regulatory-relief provisions from ICBA’s Plan for Prosperity on exam cycles, privacy notices and mortgage lending were enacted. Let’s all make 2016 another great advocacy year for our industry. It happens because of ICBA.

Community Bank 70

Community Bank Washington Community Ohio 70

BankUnderground

JULY 29, 2020

However, the empirical literature, most prominently Heider, Saidi and Schepens (2019) , find that commercial banks generally do not push deposit rates to negative levels, so that negative policy rates compress banks’ net interest margins and hence their willingness to lend. Fiscal Policy. Debt financing may encounter limits.

Policies 101

Policies Lending System Tools 101

CFPB Monitor

MARCH 2, 2020

ET, Ballard Spahr will hold a webinar, “The DoD’s MLA Interpretive Rule Rollback on GAP and Other Recent Developments in Military Lending Law.” As a consequence, DoD is now reverting to the original 2016 Q&A #2 to “allow the Department to conduct additional analysis on this matter”. On March 13, 2020, from 12:00 p.m. to 1:00 p.m.

Security 60

Security Analysis Regulation Lending 60

Jeff For Banks

FEBRUARY 3, 2017

Bank lending has not been the catalyst it used to be for improved growth in this recovery compared to prior ones; maybe we can point at regulation after regulation being forced onto banks and higher, more restrictive capital requirements. If bank regulations are lifted, lending and thus growth can improve.

Marketing 60

Marketing Taxes Regulation US 60

PYMNTS

MAY 15, 2017

About 27 percent of the staff will be cut back from levels at the end of 2016. The TPG tax prep business was also a major source of growth, since it offered a variety of touchpoints with potential customers due to its “synergistic approach to its business.”. Those tax refund recipients, in turn, were able to get cash advances.

Data 100

Data America Taxes Cards 100

PYMNTS

APRIL 20, 2018

Goldman’s first toe in the water was Marcus, its consumer banking and lending platform, said to be named after its founder. According to figures released by Goldman in their Q1 earnings report, Marcus has issued $3 billion in new consumer loans since launching in October of 2016. The Big Bet on Consumer Services.

New York 101

New York Lending Tools Boston 101

Jeff For Banks

OCTOBER 23, 2017

FFKT Farmers Capital Bank Corporation (the “Company”), Frankfort, KY FFKT is a financial holding company which had four wholly-owned bank subsidiaries at year-end 2016. One was to consolidate bank charters from four to one, the cost of which was accrued mostly during 2016 and was executed in February of this year.

Kentucky 67

Kentucky Analysis Capital Lending 67

PYMNTS

FEBRUARY 13, 2020

Another $5 trillion comes from merchant settlement, marketplace payouts and alternative lending. McInerney also pointed to government to consumer (G2C), which is a “more nascent” market, with presence in government benefits and tax refunds. Tap to pay penetration is 41 percent in the region, he said, up from 29 percent in 2016.

Payments 163

Payments Regional America Cards 163

Independent Banker

FEBRUARY 25, 2015

Happy State Bank’s 32 offices are spaced over 500 miles, giving the bank’s lending portfolio geographic diversity. Today, Happy State Bank lends more conservatively as oil prices move higher. “I Energy lending has a few advantages over commercial real estate, says C.R. General Lending Web Exclusives'

North Dakota 70

North Dakota Texas Louisiana Community Bank 70

PYMNTS

JUNE 28, 2016

There are the traditional routes, like small business bank loans, and then there are the alternative and online lending sources. Even friends and family surpassed small business lending levels of online lenders, with 6 percent citing friends and family as their primary source of funding in the last quarter. ”

Capital 106

Capital Lending Survey Cards 106

Independent Banker

SEPTEMBER 22, 2015

Avoiding potential lending hazards from regulatory flood-insurance requirements. The HFIAA also amended the Biggert-Waters reform to attach the escrow requirement to the origination, refinance, increase, extension or renewal of a loan on or after January 2016. taxes and insurance. By Lindsay LaNore.

Regulation 70

Regulation Policies Community Bank Taxes 70