PYMNTS

NOVEMBER 16, 2018

Small business credit analysis company PayNet is linking up with a community bank to streamline SMB lending for the institution. In another statement, BNB Bank EVP and Chief Lending Officer Kevin L. ” Analysis has also found that community banks are playing a larger role in small business lending. .”

Community Bank 134

Community Bank Community Lending Analysis 134

PYMNTS

JANUARY 9, 2018

With big banks pulling back from small and medium-sized business (SMB) lending in the wake of the global financial crisis, the market was ripe for someone else to fill the credit gap. Community banks approved 49 percent of SMB loan applications in November, according to the latest data from the Biz2Credit Small Business Lending Index.

Community Bank 131

Community Bank Community Fintech Lending 131

PYMNTS

APRIL 19, 2019

Small business lending technology company Lenderfit has rolled out its services in beta, connecting financial institutions to solutions to facilitate small business lending. He told the publication that Lenderfit began as a way to address the small business lending challenges of nonprofit investment firm Access Ventures.

Lending 128

Lending Louisville Kentucky Survey 128

CFPB Monitor

OCTOBER 25, 2022

Between January 1, 2017 and December 15, 2020, it was Rhinebeck’s general policy to allow dealer markups ranging from 1.5% Although there appears to be little case law on point, the DFS takes the position that the Fair Lending Law prohibits both disparate treatment and practices that have a disparate impact on a prohibited basis. .

New York 78

New York Lending Community Bank Community 78

PYMNTS

JANUARY 30, 2019

Financial technology (FinTech) company Numerated , which links financial institutions (FIs) with digital business lending and sales solutions, has announced a partnership with PayNet to integrate risk analytics into its offering. In a press release issued on Tuesday (Jan.

Analytics 144

Analytics Lending Tools Community Bank 144

CFPB Monitor

DECEMBER 19, 2016

In a blog post published last Friday, Patrice Ficklin, Associate Director of the CFPB’s Office of Fair Lending, outlined the CFPB’s fair lending priorities for 2017. Ficklin appears to be signaling a ramping up of CFPB enforcement activity targeting redlining in 2017.

Lending 60

Lending Compliance Data Analysis 60

PYMNTS

FEBRUARY 7, 2019

However, the impact of the tax reform on the small business community is not clear, particularly so soon after the reform came into effect. While FIs vowed to use those savings for a variety of measures, such as increasing small business lending, reports said lending growth has actually slowed since the implementation of the tax reform.

Taxes 122

Taxes Lending National New York 122

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

MAY 30, 2018

Small businesses (SMBs) seeking loans decreased at the end of 2017, and companies felt the sting of financial challenges more acutely. Financing of all sorts was on the downswing, and SMB owners began dipping into their own piggy banks before seeking a lending agreement. In the 10 years following the financial crisis, the U.S.

Lending 115

Lending Community Bank Survey Community 115

CFPB Monitor

NOVEMBER 11, 2020

The National Association for Latino Community Asset Builders, represented by Public Citizen and the Center for Responsible Lending, filed a lawsuit against the CFPB in D.C. The 2020 Rule left the 2017 Rule’s payment provisions in place. As noted above, the 2020 Rule left the 2017 Rule’s payments provisions unchanged.

Groups 78

Groups Community Texas Lending 78

PYMNTS

JANUARY 10, 2018

10) that during 2017, more than 300,000 U.S.-based Entrepreneurs and small business owners are succeeding on Amazon — they sell half the products that Amazon customers buy, and more than 140,000 small and medium-sized businesses surpassed $100,000 in sales on Amazon in 2017,” said Peter Faricy, VP for Amazon Marketplace, in the press release.

United States 109

United States Lending Community Operations 109

Gonzobanker

MAY 31, 2019

Financial institutions that want to play in the small business lending sandbox need to bring their digital toys. article , former Small Business Administration administrator Karen Mills said community banks with strong small business customer bases that don’t find new ways to serve them digitally are going to face a “reckoning.”

Lending 126

Lending Community Bank Community Data 126

PYMNTS

AUGUST 30, 2018

29) that the government’s efforts to spur small business lending by pumping money into the financial services market has yielded only modest success. The publication pointed to the government’s conflicting policy of stricter lending rules as one reason why efforts to boost small business loan volumes hasn’t taken off.

Policies 100

Policies Lending Regulation Community 100

Accenture

NOVEMBER 27, 2017

Connecting more than 8,000 decision makers and thought leaders across the industry, Sibos 2017 in Toronto was once again the platform where the global financial community explored the disruptions and opportunities in payments driven by innovation, technology and new business models. Sibos 2018 is in Sydney.

Innovation 171

Innovation Conference Fintech blockchain 171

PYMNTS

FEBRUARY 8, 2018

Small business hiring may have petered out in January, but lending to SMBs certainly didn’t. The latest Biz2Credit Small Business Lending Index found SMB lending among large financial institutions (FIs) continued to climb, reaching a 25.3 percent approval rate in January. percent in January.

Lending 108

Lending Taxes Regional Analysis 108

PYMNTS

FEBRUARY 15, 2018

For community banks serving small- to mid-sized businesses (SMBs), training an eye on credit cards can translate into additional revenue streams and tap into an unmet need for those SMBs. Kearney found 26 percent of small business cardholders have community banking relationships in place. There’s a lot of runway here.

Community Bank 118

Community Bank Community Cards United States 118

PYMNTS

SEPTEMBER 18, 2018

And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. But a standstill in the credit markets created a vacuum for a bit, at least along traditional lending conduits. Necessity is the mother of invention.

Lending 148

Lending Innovation Fintech Cards 148

PYMNTS

APRIL 29, 2019

Plus, there is new evidence that the middle-market business community fared particularly well in the first quarter. Not only do the figures suggest ramped-up competition between alternative and traditional lenders, but also competition within the alternative and marketplace lending community itself. Beyond the U.S.,

Lending 168

Lending Michigan Community National 168

PYMNTS

APRIL 24, 2017

Small business lending activity across the globe is in flux. China saw a whopping 17 percent increase in small business lending in Q1, while U.S. We break down the latest on SME lending in these key markets. banks are rebooting their efforts to capture SMEs from their alternative rivals. A dip of 1.1

Lending 100

Lending US Capital Community 100

CFPB Monitor

MARCH 29, 2021

The CFPB has filed a motion to dismiss the federal district court lawsuit brought by the National Association for Latino Community Asset Builders (NALCAB). As a result, it may well fall upon the CFSA to carry the water for the small-dollar lending industry in defending against the existential threat posed by the 2017 Rule.

Lending 78

Lending Industry Marketing Community 78

Celent Banking

JANUARY 23, 2017

As my colleague Dan Latimore wrote in the article that began this series , 2017 was the best ever year so far for Celent Model Bank programme in terms of quantity, quality and diversity of nominations. Lending Product – for the most impressive consumer or business lending or collections initiative.

Risk Management 100

Risk Management Innovation Case Study Boston 100

PYMNTS

AUGUST 14, 2018

Payday and short-term lending is a contentious topic in the United States, particularly when it comes to its regulation. Ohio’s House Bill 123 officially exists to close a series of loopholes that existed under the state’s previous attempt at regulating the short-term lending industry, the 2008 Short-Term Loan Act.

Lending 100

Lending Ohio Regulation Industry 100

Gonzobanker

DECEMBER 19, 2017

Seriously, sit back with a pocket flask of Pappy Van Winkle, smoke a cigar (or your combustible of choice if you live in Colorado, California, Washington, Oregon, Nevada, Main or Massachusetts) and enjoy the 2017 GonzoBanker Awards. The Real “Lending” Stock Award – Goes to longtime player LendingTree. FinTech threats and distractions.

Conference 91

Conference Industry Community Bank Community 91

Jeff For Banks

APRIL 4, 2024

Such as direct lending funds, and insurance companies. Shadow bank lending is similar to bank lending but is not subject to the same regulations, and compensating deposit balace requirements. And, according to some EDP students that are lenders, are turning to the shadow banking market that do not have deposit demands.

Banking Trends 113

Banking Trends Trends Millennials Oregon 113

Gonzobanker

JANUARY 4, 2018

The card processing landscape experienced significant changes in 2017, and this shift in players will impact financial institutions well into the future. Citi Launches Customer Communities. professionals the same way they view professionals in their commercial lending and credit areas. A Shift in the Vendor Landscape.

Taxes 60

Taxes Strategy Cards Lending 60

Abrigo

JANUARY 13, 2020

In 2020, a top focus for community financial institutions is new customer acquisition, according to the BAI Banking Outlook: Trends in 2020 survey. Matching your customers and members with products and services they need fits in with the mission of community financial institutions. Lending & Credit Risk. Learn More.

Lending 150

Lending Study Survey Community 150

Abrigo

MARCH 6, 2017

The ABA has a new report out on how banks are using social media, and much of the report focuses on using Twitter, Facebook, LinkedIn and the like to boost customer service, make connections in the community and recruit staff. His recent research reports have covered SMB lending, alternative lenders and automating commercial lending.

social media 150

social media Lending Community Community Bank 150

American Banker

NOVEMBER 16, 2023

Jim Justice alleges that Carter Bancorp engineered a technical default on a multi-million lending relationship and has blocked his company's efforts to refinance with other lenders. The lawsuit extends a dispute that started after the death of the bank's founder in 2017.

West Virginia 69

West Virginia Virginia Lending Company 69

Abrigo

DECEMBER 8, 2016

As community banks and credit unions look toward 2017, many will be focusing on small business lending for loan portfolio growth, according to a recent Sageworks poll. Entering all that data by hand, potentially multiple times, opens the lender up to errors that delay or derail the lending process.

How To 150

How To Lending Community Bank Community 150

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. By Mary Thorson Wright. The effective date of the final rule was Oct. 3, 2016, compliance date.

Lending 70

Lending Compliance Regulation Virginia 70

PYMNTS

FEBRUARY 13, 2019

According to The Wall Street Journal ( WSJ ), the Federal Reserve revealed that the average merger review time — with opposition from community groups — fell to 3.8 months in the first half of 2017, and seven months in 2015. Another issue is that community input doesn’t seem to carry much weight anymore.

Community 148

Community Groups Policies Regulation 148

Independent Banker

MARCH 31, 2022

Executive committee members tell us what advocacy issues they’ll be focused on during their terms, while board members share their words of wisdom for up-and-coming community bankers: themselves. To sum it up, these leaders are all in and all heart for community banking. We are not Wall Street banks—we are community banks.

Community Bank 239

Community Bank Community Industry Texas 239

PYMNTS

JULY 5, 2018

In related news, a recent report said that the amount of lending to small businesses by the five leading online lending providers increased 50 percent between 2015 and 2017. The report, entitled “The Economic Benefits of Online Lending to Small Businesses and the U.S. communities.”. communities.”.

Lending 100

Lending Online Community Fintech 100

Gonzobanker

JUNE 18, 2018

We all figured it would happen sooner or later, and now it has – by Thoma Bravo , which, as part of the deal, merged MeridianLink with CRIF Lending Solutions’ ACTion, Synergy and Achieve divisions. CRIF Lending has been a solid competitor in the consumer LOS space. The post Thoma Bravo acquires MeridianLink/CRIF Lending.

Lending 60

Lending Leadership Community Bank System 60

CFPB Monitor

MAY 19, 2021

The lawsuit seeks to overturn the CFPB’s July 2020 final rule (2020 Rule) that eliminated the ATR provisions but left in place the 2017 Rule’s payments provisions. The CFSA intervened in the lawsuit. The CFPB and CFSA have filed replies in support of their motions to dismiss. The filing of the replies closes the briefing on the motions.

Texas 78

Texas Training Resources Community 78

PYMNTS

JANUARY 29, 2020

small businesses had sought a loan online, compared to just 19 percent that did so in 2017. As online lending platforms proliferate among the SMB borrowing community, however, experts warn that a lack of regulation means these companies rarely publicly reveal interest rates and fees. ” Knowing Their Options. .

Lending 136

Lending New York Online New Jersey 136

CFPB Monitor

JUNE 18, 2019

The agreement represents the second fair lending settlement entered into by the Republican-led DOJ under the Trump administration. (The From 2011 to 2017, the bank was alleged to have avoided providing mortgage credit to individuals in these areas. Maintaining a fair lending monitoring program.

Indianapolis 120

Indianapolis Lending Indiana Community 120