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.

Lending 100

Lending Regulation Maine Regional 100

PYMNTS

AUGUST 15, 2018

That’s because, particularly in the last five years or so, CashCall’s existence has become somewhat more legally fraught as it increasingly faces the ire of consumer groups, judges and regulators over the products it offers. The California Court Loss. There’s no bright line,” she said.

Lending 101

Lending California Marketing San Francisco 101

PYMNTS

MAY 2, 2018

China-based alternative small business lender China Lending Corporation released its Fiscal Year 2017 results this week, revealing financial difficulties and plans to prepare for more challenges ahead. China Lending Corporation also noted a net loss of $3.20 million, compared to $331.7 million for FY2016.

Lending 100

Lending Industry Marketing Regulation 100

Bobsguide

JULY 7, 2022

Financial institutions and retail brands gain a new embedded finance platform to help consumers access regulated loans at point-of-sale, powered by Banking as a Service. Financial institutions, distributors and merchants will benefit from a platform that makes it easy for their customers to access lending options.

Lending 68

Lending Seattle Regulation US 68

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. Market infrastructure renewal.

Innovation 171

Innovation Conference Fintech blockchain 171

PYMNTS

FEBRUARY 7, 2019

The next chapter in the ongoing saga that is payday loan regulation officially began yesterday (Feb. 6), with the announcement that the Consumer Financial Protection Bureau (CFPB) will overhaul a series of 2017 payday loan regulations, set to go into effect in August 2019. The Tumultuous Response.

Lending 100

Lending Regulation Online Leadership 100

PYMNTS

FEBRUARY 11, 2019

As the payments landscape evolves and becomes ever more digital in scope, and as FinTech firms make inroads into traditional financial services, regulators are looking at FinTech credit — and how it might be defined and shaped. There seem to be no easy answers on just how to regulate the space.

Fintech 195

Fintech Lending Regulation Survey 195

PYMNTS

JULY 13, 2018

Reports in Bloomberg on Thursday (July 12) said the junk bonds and leveraged loans market is worth $2.3 trillion, and competition is rising as regulators slowly ease restrictions on banks’ corporate lending practices. Bloomberg said less-regulated regulators saw sharp increases in their share of new U.S.

Marketing 100

Marketing Regulation Dallas Retail 100

PYMNTS

APRIL 29, 2019

Plus, there is new evidence that the middle-market business community fared particularly well in the first quarter. percent drop in revenue among micro-enterprises dims the overall sentiment among SMBs, and presents a stark contrast to the mid-market’s performance for Q1. Beyond the U.S., percent during the first quarter.

Lending 168

Lending Michigan Community National 168

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

OCTOBER 25, 2022

As a participant in the indirect auto finance market, Rhinebeck provides auto financing through auto dealers and has no direct interaction with consumers during the financing application process. Between January 1, 2017 and December 15, 2020, it was Rhinebeck’s general policy to allow dealer markups ranging from 1.5%

New York 78

New York Lending Community Bank Community 78

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. People are buying houses such that there is now a supply shortage in the market. economy.

Lending 137

Lending Examples America Metro 137

PYMNTS

SEPTEMBER 14, 2018

To challenge the Office of the Comptroller of the Currency (OCC)’s decision to allow online payment companies and lenders to have national bank charters, the top banking regulator in New York is suing the federal government. Further panning the decision, Vullo called the move “lawless, ill-conceived and destabilizing of financial markets.”

New York 173

New York Fintech Lending Regulation 173

Celent Banking

FEBRUARY 28, 2017

The Products entries for 2017 fall broadly into four sub-categories: Payments Product — for launching the best consumer or business payments product. Lending Product — for the most impressive consumer or business lending or collections initiative. The submissions represented two approaches to Open Banking.

Innovation 100

Innovation Lending Boston Trends 100

Celent Banking

FEBRUARY 28, 2017

The Products entries for 2017 fall broadly into four sub-categories: Payments Product — for launching the best consumer or business payments product. Lending Product — for the most impressive consumer or business lending or collections initiative. The submissions represented two approaches to Open Banking.

Innovation 100

Innovation Lending Boston Trends 100

PYMNTS

DECEMBER 11, 2019

When it comes to lending — to say nothing of the wider world of payments — innovation and disruption have been on the rise in recent years thanks to digital and mobile technology, along with online marketplace models. So-called peer-to-peer (P2P) lending has certainly faced challenges in certain markets. Despite lending £6.7

Fintech 144

Fintech Lending Regional Regulation 144

PYMNTS

OCTOBER 8, 2018

The impact of Europe’s General Data Protection Regulation ( GDPR ) continues to take shape roughly five months after taking effect, and Facebook could be on the hook for billions of dollars in fines tied to a data breach of about 50 million user accounts. Crypto Regulations.

United States 174

United States Regulation cryptocurrency Cleveland 174

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.”. The consumer credit market has huge potential — trillions and trillions of dollars — and I wanted to ride that winner. And disrupt Lending Club did, with its marketplace lending model, scores of imitators in the U.S.

Lending 100

Lending Compliance Capital Marketing 100

PYMNTS

AUGUST 7, 2018

Traditional institutions are picking up steam in their efforts to collaborate with alternative financiers and FinTech firms, largely viewed as a way to spin the competition into allies and upgrade their lending services without the burden of in-house R&D. However, the Federal Reserve ‘s latest analysis of the U.S.

Lending 100

Lending Survey National Trends 100

Gonzobanker

DECEMBER 19, 2017

Heavy-handed regulators. 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. One word can summarize this action-packed banking year, GonzoBankers – tiring.

Conference 91

Conference Industry Community Bank Community 91

Jeff For Banks

APRIL 4, 2024

The Fed has paused for nearly a year now, and it was our experience in 2006-07 that bank cost of funds continued to increase as the market closed the delta between what someone could earn in a money market mutual fund and a bank account. But not until $1 trillion went from banking to money markets.

Banking Trends 115

Banking Trends Trends Millennials Oregon 115

PYMNTS

JANUARY 2, 2019

The company will offer crowdfunding and lending as it tries to distance itself from a year of scandals, including the murder of two female passengers. The services include wealth management tools, credit, lending and crowdfunding for serious illnesses. Didi is backed by Uber, Apple and SoftBank.

Lending 183

Lending Leadership Apple America 183

PYMNTS

JULY 12, 2018

New York’s Department of Financial Services is recommending that online lenders are subjected to the same scrutiny and regulations that traditional banks face. Cuomo on June 1, 2017, required DFS to study online lending in New York State and submit a report of its findings. A bill signed by Governor Andrew M.

Online 100

Online New York Lending Regulation 100

PYMNTS

DECEMBER 19, 2018

The bond market, on the other hand, isn’t the most likely of places for an entrepreneur to seek financing. Typically seen as a low-risk, low-rewards instrument reserved for middle-market and large enterprises, corporate bonds offer the opportunity for businesses to remain private while raising money and diversifying debt.

Marketing 134

Marketing Capital Security Trends 134

PYMNTS

NOVEMBER 20, 2018

In the year between Q2 2017 and Q2 2018, sub-prime consumer loan originations grew 28 percent between Q2 2017 and Q2 2018 across the categories of auto loans, mortgage loans and credit cards. This reverses the previous year’s trend, between 2016 and 2017, when sub-prime loan originations across categories fell by 7.1

Lending 188

Lending Trends Cards Capital 188

PYMNTS

MAY 24, 2018

The guidance did not change any regulation, but clarified the regulator’s stance on the loans, Reuters reported. In 2013, the OCC had discouraged short-term lending by banks with limitations on what could be offered to customers depending on their credit. The rules were rescinded in 2017, leading to this guidance.

FDIC 100

FDIC Lending Regulation Study 100

PYMNTS

FEBRUARY 19, 2019

months in the first half of 2017. Reports said Powell noted that looser community bank regulations may help keep branches open. Earlier this month, the Federal Reserve released new data that found the average merger review time for deals in the banking sector declined to 3.8 months in the first half of 2018, from 5.6

Marketing 108

Marketing Community Community Bank Industry 108

PYMNTS

MARCH 12, 2018

Ant Financial , the payment affiliate of China’s Alibaba , has seen its consumer lending business reach 600 billion yuan ($95 billion) even as the company faces a stricter environment for securitizing loans in its home country of China. In all of 2017, the company issued 243 billion yuan of asset-backed securities, Bloomberg noted.

Lending 101

Lending Security Online Regulation 101

PYMNTS

NOVEMBER 26, 2019

SME market.”. First established in 2017 through LGB Corporate Finance , the MTN program offers loans to institutional, wealth management and private investors. These new borrowing facilities match the terms of the lending facilities extended to U.K.

Lending 141

Lending Risk Management Policies Meeting 141

PYMNTS

JANUARY 10, 2019

Thanks to a nationwide crackdown on peer-to-peer (P2P) lending in China, a move that came after a series of multibillion dollar scams in that space and resulting protests, the P2P industry there could see the number of players decline by as much as 70 percent in 2019. million USD) by the end of 2017, according to Bloomberg.

Payments 134

Payments Lending Retail Course 134

PYMNTS

NOVEMBER 14, 2018

The Federal Deposit Insurance Corporation (FDIC) announced that it is has issued a request for public comments related to small-dollar lending by financial institutions. adults in 2017 would have to borrow or sell something to pay for it — or simply not be able to cover it at all. With that in mind, the FDIC suggests that in 2017, 14.8

FDIC 128

FDIC Lending Study Meeting 128

PYMNTS

MARCH 13, 2019

In 2017, Chinese pawn shops lent out around $43 billion, primarily to small business borrowers, and often at exorbitant interest rates. As of now, the country’s insurance and banking regulator is beginning to draft new rules aiming to toughen up oversight in the pawn shop lending industry, according to sources cited by Bloomberg.

Lending 108

Lending United States Comparison Regulation 108

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

PYMNTS

APRIL 29, 2019

It succeeds the Advisory Committee on Small and Emerging Companies, which ceded operation in 2017. Last year, SEC Chairman Jay Clayton announced plans to explore allowing individuals the opportunity to invest in non-public companies.

Capital 108

Capital Lending Regulation Report 108

BankUnderground

FEBRUARY 5, 2021

Emerging markets (EMs) have become more exposed to the global financial cycle in recent years. Negative liquidity shocks on the other hand constitute a tightening of financial conditions, reducing lending and real investment ( Bruno and Shin (2015) and Avdjiev et al (2018) ). Aakriti Mathur and Shekhar Hari Kumar.

Marketing 101

Marketing Policies Study Tools 101

PYMNTS

JANUARY 10, 2019

Alternative small business (SMB) lending platform CAN Capital announced on Wednesday (Jan. However, in 2017, CAN Capital hit another speed bump when analysts pointed to the company’s aggressive growth plans as the likely culprit to some of its struggles , The Wall Street Journal reported at the time. 9) that Edward J.

Capital 134

Capital Leadership Customer Experience Lending 134