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

CFPB Monitor

SEPTEMBER 10, 2020

Thereafter, “using its existing lending operations and personnel, LoanMart commenced ‘marketing’ and ‘servicing’ auto title loans purportedly made by CCBank, a small Utah-chartered bank operating out of Provo, Utah.” Thus, both the OCC and FDIC have adopted regulations rejecting the Second Circuit’s Madden decision.

Utah 78

Utah California FDIC West Virginia 78

Jeff For Banks

AUGUST 14, 2022

The FDIC's quarterly Supervisory Insights for Summer 2011 had a list! OPC formally ended in 2017. Imagine the community bank that is experienced in lending to fuel oil businesses in or near its markets because it's comfortable using trucks, tanks, and oil inventory as collateral. What were disfavored industries?

Operations 78

Operations Lending FDIC Industry 78

PYMNTS

OCTOBER 1, 2019

Consumer, enterprise and SMB lending all ground to a near halt and underwriters across the spectrum struggled to regain equilibrium after a crisis in mortgage underwriting bloomed into a plague that destabilized the entire global economic system. As of 2017, as consumer credit use was approaching its pre-recession levels in the U.S.,

Data 135

Data Lending Capital Regulation 135

Jeff For Banks

JUNE 4, 2018

"The FDIC recently has observed instances of liquidity stress at a small number of insured banks." So opened the Summer 2017 FDIC Supervisory Insights issue. I recently wrote that I thought bankers would have to prepare to offer rates more in line with the market. And so went your exams.

FDIC 60

FDIC System Regulation Conference 60

PYMNTS

JULY 25, 2018

car loan market due to fears that consumers have taken on more debt than they can handle. In May of 2017, Financial Times reported that data released by the Federal Deposit Insurance Corporation (FDIC) showed the first sequential drop in outstanding car loans at commercial banks in at least six years. trillion U.S.

Capital 108

Capital FDIC Resources National 108

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. lending marketplace. Attorney Alex Tse. “We The Response.

Lending 135

Lending Fraud Management San Francisco 135

CFPB Monitor

JUNE 15, 2020

According to the agency’s press release , the final rule is designed to increase CRA-related lending, investment and services in low- and moderate-income (“LMI”) communities where there is significant need for credit, responsible lending, and greater access to banking services.

Community 60

Community FDIC Lending Examples 60

Jeff For Banks

DECEMBER 16, 2022

I chose five years because banks that focus on year over year returns tend to cut strategic investments come budget time, which hurts their market position, earnings power, and future relevance than those that make those investments. Prior to starting CCBX and for the year ended 2017, the Company had $806 million in total assets and $5.4

Puerto Rico 78

Puerto Rico Virgin Islands Community Community Bank 78

CB Insights

DECEMBER 4, 2019

In 2017, Andreessen Horowitz general partner Alex Rampell said that of all the tech giants that could make a major move in financial services: “Amazon is the most formidable. Market strategy outside the US. Through trial and error, the company has set up key financial pillars across payments, cash deposits, and lending.

Cards 101

Cards Lending Strategy US 101

PYMNTS

OCTOBER 7, 2019

The issue at hand: Marcus was perhaps not prepared to handle the world of high-risk lending, according to sources – and the learning curve has been steep and expensive. Cloud computing, on the other hand, could bring significant savings, while Big Data would enable “more surgical marketing.”.

Data 116

Data Apple FDIC Report 116

PYMNTS

JANUARY 31, 2019

is set to see its first new community bank in decades, as the Federal Deposit Insurance Corporation (FDIC) lent its approval for MOXY Bank to launch in Washington, D.C. The FDIC’s announcement said a private placement offering will raise at least $25 million for the bank ahead of its launch. . Bloomberg listed Casey G.

Community Bank 122

Community Bank Community FDIC Marketing 122

PYMNTS

OCTOBER 26, 2018

According to new data from CCS Insight, the global wearables market will double in the next four years, hitting a value of $27 billion and 233 million units in sales. As of 2017, less than 5 percent of wearables owners reported shopping directly from one. percent last year, 1.2 percent better than seen in 2015.

Samsung 134

Samsung Apple Study Report 134

Filene

JULY 18, 2018

The FDIC says more than 45 percent of Hispanic households were unbanked or underbanked in 2015. Here are just a few facts that support the notion that serving Hispanic immigrants and the Hispanic market as a whole is not only the right thing to do, it also makes good business sense: The annual spending growth rate for Hispanics is 4.1

Community 28

Community Study Resources Lending 28

Fintech Labs Insights

NOVEMBER 10, 2023

The legacy players held their market share by providing digital services deemed “good enough” to retain customers loath to switch banks. 39,600 $587 7 Credit Sesame 1196 2010 SF 5,730,000 $172 8 Marcus (Goldman Sachs) 1149 2017 Salt Lake City 5,670,000 $0 9 Monzo 1089 2015 London 3,390,000 $1,100 10 MoneyLion 873 2013 NYC 1,260,000 4.6

Digital Banking 15

Digital Banking Online Atlanta Las Vegas 15

CFPB Monitor

AUGUST 31, 2023

The DOJ opened its investigation of ABOK after receiving a referral from the FDIC. The Department of Justice (DOJ) announced that it has entered into a settlement with American Bank of Oklahoma (ABOK) to resolve allegations that ABOK engaged in unlawful redlining in Tulsa, Oklahoma.

Tulsa 88

Tulsa Oklahoma FDIC Lending 88

CFPB Monitor

APRIL 19, 2022

At the end of last year, we completed a months-long project in updating and expanding a 2017 White Paper addressing bank-model lending—programs involving partnerships between banks (or savings associations) and fintech or other nonbank companies in the interstate delivery of loans.

California 78

California Innovation Utah United States 78

CFPB Monitor

JUNE 15, 2021

In 2017, the United Kingdom’s Financial Conduct Authority, the regulator that oversees the panel of banks on whose submissions LIBOR is based, announced that it would discontinue LIBOR sometime after 2021. The items identified in the agenda as in the “proposed rule stage” are: Business Lending Data (Regulation B).

Regulation 78

Regulation FDIC Lending Data 78

CFPB Monitor

DECEMBER 16, 2020

The CFPB should rescind the July 2020 rule that rescinded the underwriting provisions in its 2017 rule on Payday, Vehicle Title, and Certain High-Cost Installment Loans (2017 Payday Rule) and reinstate the 2017 Payday Rule. The DOJ, CFPB, and federal banking regulators should prioritize fair lending enforcement.

Policies 78

Policies Regulation Lending FDIC 78

Jeff For Banks

APRIL 14, 2022

Inside the FDIC: Thirty Years of Bank Failures, Bailouts, and Regulatory Battles 2015 Louis D. The Panic of 1907: Lessons Learned from the Market's Perfect Storm 2009 Lowell L. Giannini: Banker of America 1994 Richard X. Bove Bove, Richard X. Guardians of Prosperity: Why America Needs Big Banks 2013 John F. Bovenzi Bovenzi, John F.

America 78

America National Denver United States 78

PYMNTS

FEBRUARY 22, 2019

Amid rising revenues and decreased taxes, the Federal Deposit Insurance Corporation (FDIC) announced on Thursday (Feb. In an announcement , FDIC Chairman Jelena McWilliams said, “Loan balances expanded, net interest margins improved and the number of ‘problem banks’ continued to decline.”. At the same time, interest income jumped by 8.1

FDIC 116

FDIC Taxes Industry Regulation 116

Gonzobanker

FEBRUARY 7, 2018

Bankers understand that the recent passage of the Tax Cuts and Jobs Act of 2017 will markedly change shareholder and Street expectations. Prosperity is now $22 billion with an unbelievable $5 billion market cap. The chatter at AOBA centered on three important topics: #1: The Breaks. 2: The Bulls. Source: SNL. 3: Business Model.

Taxes 75

Taxes Video Analytics Arkansas 75

FICO

JANUARY 9, 2017

consumer lending market anticipated 2017 would be more of the same. While I won’t ever be mistaken for Nostradamus, amidst this regulatory sea change, I feel (relatively) confident in sharing with you my top regulatory compliance predictions for 2017. Everything changed on November 8. You are not alone.

Regulation 40

Regulation Lending New York Leadership 40