PYMNTS

SEPTEMBER 30, 2020

And, the SEC said that SALT Blockchain has to provide a reimbursement to clients that bought SALT tokens in a 2017 initial coin offering (ICO), Decrypt reported. SALT Blockchain is the firm behind SALT Lending , a loan offering supported by digital currency. The ICO landed $47 million between June and December 2017.

Florida 151

Florida Lending blockchain National 151

PYMNTS

MARCH 19, 2019

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. Private firms rely on shadow lending, since state-owned banks favor lending to government-controlled companies.

Lending 100

Lending Regulation Maine Regional 100

PYMNTS

JANUARY 16, 2018

The Kansas businessman – facing a 2017 conviction for violating federal truth in lending and racketeering laws in connection with his online lending business – attempted to apologize for the $3.5 Regulators spent most of 2017 cracking down on the practice. Tribal Lending .

Lending 118

Lending Miami Regulation Kansas 118

Abrigo

MAY 19, 2017

With the National Credit Union Administration issuing its final member business lending (MBL) ruling as of January 2017, credit unions are seeing increased flexibility in their lending limits. Internal foundation for growth The new MBL rule creates a foundation for commercial lending practices and portfolio growth.

Lending 150

Lending Analysis Knowledge Base System 150

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

PYMNTS

JANUARY 29, 2020

Florida FinTech Fidelity National Information Services (FIS) is partnering with London FinTech Liberis , to offer small to medium-sized businesses (SMBs) an alternative funding source, FIS announced in a press release Wednesday (Jan. FIS merchants in the U.S.

Lending 131

Lending Florida Capital Fintech 131

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

PYMNTS

APRIL 29, 2019

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. Overall, small businesses’ economic sentiment for the quarter fell – but there is some good news. Beyond the U.S. , billion lent to SMBs in the quarter.

Lending 168

Lending Michigan Community National 168

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

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. Cuomo on June 1, 2017 required DFS to study online lending in New York State and submit a report of its findings.

New York 173

New York Fintech Lending Regulation 173

PYMNTS

JULY 16, 2020

The the tool will decrease lending risks for holders of digital currency and allow for the rollout of decentralized lending markets that can provide digital currency loans on an unsecured basis, the announcement stated. During a period that spanned from 2017 to this year, the individual allegedly had investors move $3.5

Bitcoin 148

Bitcoin Fraud cryptocurrency Lending 148

PYMNTS

JULY 16, 2018

New rules may loom for technology providers pertaining to privacy — on a national level. In the banking sector at large, lenders are lending and shadow banks might be, too. Malta’s own financial watchdogs had failed to make sure the bank had followed proper procedures geared toward money laundering. Bankers Should Mull Risks of Junk.

National 100

National California Regulation United States 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 101

Conference Industry Community Bank Community 101

PYMNTS

DECEMBER 28, 2020

In Mercado’s home nation of Brazil, he describes the last eight months as a “fundamental transformation” in a conversation with PYMNTS’ Karen Webster. Since the launch of MercadoCrédito in 2017, however, the firm has lent out 4 billion Brazilian Real (~$785 million USD) to 2.5 million people, 1.7

Lending 220

Lending Data Marketing Regional 220

PYMNTS

MARCH 22, 2017

According to the latest data out of auto lender Ally Financial, the auto lending segment seems to be encountering some engine trouble — brought on largely by rising defaults and falling used car prices. That is a bit of a softening of a January estimate that predicted growth would clock in at up to a 15 percent rate.

Lending 100

Lending Taxes National Data 100

CFPB Monitor

NOVEMBER 15, 2018

A glaring regulatory impediment to small-dollar lending by FDIC-supervised institutions is the FDIC’ s November 2013 guidance on deposit advance products , which effectively precludes FDIC-supervised institutions from offering deposit advance products. (In Unlike the FDIC, the OCC did not issue an RFI in advance of issuing its bulletin.

FDIC 60

FDIC Lending National Examples 60

ZootBlog

AUGUST 5, 2016

In June, ZootBlog provided important information regarding changes to the Military Lending Act (MLA). As promised, we’re providing the most recent updates to inform lenders as they prepare for the target compliance dates of October 3, 2016 and October 17, 2017 (credit card only).

Lending 60

Lending Compliance National Report 60

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

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. armed forces or servicemembers on active National Guard or Reserve duty, their spouses and their card-carrying dependents.

Lending 70

Lending Compliance Regulation Virginia 70

PYMNTS

SEPTEMBER 17, 2018

We’re championing their success with this new store as well as a national advertising campaign featuring a successful Michigan business selling on Amazon to customers across the U.S. In terms of revenue, Amazon said that over 20,000 SMBs on Amazon took in more than $1 million in sales in 2017. and worldwide.”.

US 189

US Michigan National Report 189

PYMNTS

JULY 10, 2018

Chinese regulators are hoping to give a boost to small business (SMBs) lending by telling banks to cut interest rates for SMB borrowers, according to reports in Reuters on Monday (July 9). Small businesses are caught in the crosshairs of that trade war, according to the National Small Business Association in the U.S. percent in March.

Lending 100

Lending Regulation National Policies 100

FICO

MAY 10, 2018

Alliant Credit Union , one of the largest credit unions in the United States, has transformed its consumer lending business and is exceeding its lending goals since implementing FICO technology solutions in 2016. It then added home equity products in October 2017 and RV loans in February 2018.

Lending 61

Lending United States System Cards 61

PYMNTS

NOVEMBER 14, 2018

But the speed at which some things have already made the switchover – payments and lending spring to mind – is impressive. times the installed base at the same time in 2017. 60: Approximate number of nations that, as of November 2018, were pursuing a digital identity plan.

Data 151

Data Apple Lending National 151

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

JULY 3, 2018

Strong cash flows in the nation’s small business population may also be a sign of a strong national economy, with analysts predicting a 4 percent increase in gross domestic product for Q2. Some economists say tax reform is also likely to boost the nation’s SMB population. percent, down from 10.5

National 109

National Analytics Lending Survey 109

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

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 2017 date applies only to credit cards. The MLA’s overall goal is to prevent predatory lending against U.S.

Lending 60

Lending Regulation Taxes Security 60

PYMNTS

OCTOBER 1, 2018

What does small business (SMB) lending look like? seems to be kicking off, showing evidence of surpassing traditional bank lending at many times. In Mexico, small business lending is muted across the board. In Mexico, small business lending is muted across the board. For example, alternative finance in the U.K.

Lending 115

Lending Survey Data National 115

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

FEBRUARY 23, 2020

The combination of Fifth Third Bank’s renowned brand, customer reach and great products with our digital lending platform will allow us to collectively serve the Bank’s customers with best-in-class products and a best-in-class customer experience.”

Customer Experience 130

Customer Experience Innovation Strategies Guidelines Meeting 130

PYMNTS

SEPTEMBER 7, 2020

The Australian Services and Investments Commission (ASIC) has banned John Louis Anthony Bigatton, who was the Australian national representative for crypto platform BitConnect, from engaging in financial services for the next seven years after he was found to be engaging in deceptive practices, a report from Financial Standard finds.

Bitcoin 132

Bitcoin Fraud Payments cryptocurrency 132

Bobsguide

FEBRUARY 22, 2022

The core transformation program, titled “FutureCore,” is divided into phases and Consumer Lending for the 7 affiliate banks is the first phase to go live, with other phases to follow. The completion of this consumer lending installation represents our first step toward having a fully integrated core loan and deposit system.

Software 78

Software Wyoming Idaho Nevada 78

Abrigo

JULY 6, 2017

It’s been more than six months since the National Credit Union Administration (NCUA) issued its revised member business lending (MBL) rule in January 2017. The NCUA recently updated the Examiner’s Guide to include what it described as a clear framework for supervisory expectations for managing a commercial lending program.

Risk Management 170

Risk Management Lending Policies Management 170

PYMNTS

MAY 24, 2018

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. The guidance did not change any regulation, but clarified the regulator’s stance on the loans, Reuters reported.

FDIC 100

FDIC Lending Regulation Study 100

PYMNTS

APRIL 18, 2019

Compared to 2017 figures, small businesses have increased their demand for capital. Nearly one-third sought financing online in 2018, an increase from 24 percent in 2017. Applicants with higher-risk profiles were just as likely to seek financing from online lenders as with large, traditional banks.

Capital 109

Capital Survey Lending Online 109

Abrigo

OCTOBER 17, 2022

Shannon passed away in 2021 after her diagnosis in 2017. and in bank technology nationally. and in bank technology nationally. In addition to dedicating himself to growing the company over the past 6 years, Wayne served as the primary caregiver to his wife, Shannon, during her battle with glioblastoma brain cancer.

Texas 370

Texas Leadership Austin Raleigh 370

CFPB Monitor

JULY 22, 2020

Less than two months after issuing its final “ Madden fix” rule , the OCC has now issued a proposed rule to address when a national bank or federal savings association should be considered the “true lender” in the context of a third party relationship. 2) Funds the loan.

National 78

National Lending Exercises FDIC 78