PYMNTS

FEBRUARY 7, 2019

tax reform led to much chatter and some confusion about exactly how changes would impact the nation’s small businesses (SMBs). Department of Treasury finalized rules that apply to SMBs on qualifying for a 20 percent tax deduction, with the National Federation of Independent Business (NFIB) applauding the initiative. percent rate.

Taxes 122

Taxes Lending National New York 122

PYMNTS

JUNE 6, 2019

When it comes to small business (SMB) lending, the top two contenders for business owners are banks and alternative financiers or online marketplaces. In Fiscal Year 2018, not one of the 100 top lenders participating in the SBA’s 7(a) loan program were credit unions, reports in American Banker said last month.

Lending 129

Lending Analytics Data Security 129

PYMNTS

APRIL 29, 2019

Data from Invoice2go found that sole proprietors and businesses with only a handful of employees showed a weakened performance compared to the same period of 2018, with overall revenue growth rates slowing from 14 percent in 2017 to just 3 percent in 2018. middle-market in the recently released Golub Capital Altman Index.

Lending 168

Lending Michigan Community National 168

PYMNTS

SEPTEMBER 30, 2020

The agency claimed that the defendant scammed investors between January 2018 and January 2019 as he purported to never finish a trading day with losses. SALT Blockchain is the firm behind SALT Lending , a loan offering supported by digital currency. million, CoinDesk reported.

Florida 151

Florida Lending blockchain National 151

PYMNTS

SEPTEMBER 26, 2018

Bank has debuted its online lending portal for small business borrowers, the financial institution announced on Tuesday (Sept. Bank, which revealed its online lending platform for small businesses to access a loan or line of credit. The latest to do so is U.S.

Lending 128

Lending Online US Survey 128

CFPB Monitor

OCTOBER 25, 2022

Following up on a threat it made back in 2018 , the New York State Department of Financial Services (DFS) announced on October 6, 2022 that it entered into a consent order with Rhinebeck Bank (“Rhinebeck”) to settle discrimination claims involving discretionary dealer markups on retail installment contracts with minority borrowers.

New York 78

New York Lending Community Bank Community 78

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

DECEMBER 7, 2020

Social Finance (SoFi), a San Francisco-based online lending startup, is holding talks about selling to a blank-check acquisition company, Reuters reported, to help it debut on the stock market. The news reveals CEO Anthony Noto 's aspirations to go public after he succeeded SoFi Co-Founder Mike Cagney in 2018. SoFi was valued at $4.8

Report 269

Report San Francisco Lending America 269

CFPB Monitor

JULY 8, 2019

The CFPB’s annual fair lending report covering its 2018 activities was published in today’s Federal Register. In addition to discussing the symposium and Data Point report in the section on “Access to Credit,” the new fair lending report discusses conducting supervisory reviews of alternative credit scoring models.

Lending 60

Lending Report Policies Compliance 60

PYMNTS

AUGUST 30, 2020

government's Economic Injury Disaster Loan (EIDL) program, plagued by delays and fraud, has created attention for a firm that netted around $800 million in fees while subcontracting the work out to the nation's largest mortgage lender, The Wall Street Journal (WSJ) reported. which owns Quicken Loans as well. Rocket Cos.

Ohio 271

Ohio Virginia Fraud Lending 271

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. accounted for 54 percent of leveraged loans thus far in 2018, which is down from 70 percent five years ago. Bankers Should Mull Risks of Junk.

National 100

National California Regulation United States 100

South State Correspondent

MARCH 5, 2022

With short-term interest rates rising and long-term rates still at historically low levels, all bankers should understand how swap spreads may provide a competitive lending advantage. In fact, the longer the term, the more negative the swap spread – an unusual situation that may create a funding or a lending advantage for some banks.

Community Bank 195

Community Bank Lending Community Regional 195

PYMNTS

FEBRUARY 26, 2020

JUMO currently has operations in Kenya, Ghana, Uganda, Zambia and Tanzania, where it works with telecoms and financial services firms to provide savings, lending and insurance services. This latest investment brings JUMO’s total amount raised to almost $150 million, and comes after two large 2018 rounds when the firm took in $64.5

National 132

National Fintech Lending Operations 132

PYMNTS

NOVEMBER 14, 2018

But the speed at which some things have already made the switchover – payments and lending spring to mind – is impressive. 100 million: The expected installed base for smart speakers by the end of 2018 – 2.5 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

NOVEMBER 15, 2018

In May 2018, the OCC issued a bulletin intended to encourage its supervised institutions to offer small-dollar loans. While the OCC’s encouragement of small-dollar lending was in one sense a welcome development, the OCC bulletin raised several concerns. The FDIC’s issuance of the RFI signals that the FDIC intends to follow suit.

FDIC 60

FDIC Lending National Examples 60

PYMNTS

JANUARY 25, 2021

The Reserve Bank of India aims to prevent events such as the collapse of a significant financier in 2018. 55-Plus Group Lends Optimism To Travel Operators. Bus company National Express registered a 185 percent rise in reservations for spring and summer trips in contrast to reservations made during the same timeframe last year.

United States 217

United States Regulation Payments Lending 217

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

CFPB Monitor

MARCH 6, 2019

The update also indicates that Director Kraninger’s appearance will be followed by a panel consisting of the following individuals: Hilary Shelton, Director & Senior Vice President for Advocacy and Policy, National Association for the Advancement of Colored People. Linda Jun, Senior Policy Counsel, Americans for Financial Reform.

Policies 68

Policies Lending National Report 68

Jeff For Banks

NOVEMBER 24, 2019

The bank, First National Bank of Keystone, was $1.1 And so went the birth of First National Bank of Keystone's meteoric rise. Nationwide lending! Keystone expanded its lending to include high loan-to-value mortgages and home equity loans. The town, already depressed from coal's decline, had a population of 600.

National 78

National West Virginia Virginia Pennsylvania 78

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

AUGUST 29, 2017

As Australian regulators continue to press the nation’s largest banks for fairer small business lending practices, a new small- to medium-sized businesses (SMB) lending platform is headed for the market. The platform will eventually expand to offer asset finance and unsecured finance later in 2018, reports said.

Groups 109

Groups Lending Training Regulation 109

PYMNTS

FEBRUARY 2, 2021

Although 20 states now have active legal sports betting regimes, and five more are approved but still finalizing their launch dates, the growth of the industry in just two years since the Supreme Court’s 2018 landmark legalization decision has been staggering. Next Steps.

Tennessee 262

Tennessee Payments social media Regulation 262

PYMNTS

JUNE 18, 2018

Biz2Credit’s latest Small Business Lending Index found that loan approval rates at alternative lenders stagnated – and at credit unions, they actually fell. Thirty-four years have passed since SMB optimism was this high , according to the National Federation of Independent Business (NFIB). But the story doesn’t end there.

Lending 112

Lending Community Bank Regional Community 112

CFPB Monitor

AUGUST 20, 2018

A new bulletin issued by the Office of the Comptroller of the Currency (OCC), Bulletin 2018-23 , makes slight, but significant, changes to OCC policy regarding when evidence of illegal or discriminatory credit practices could result in a downgrade to a national bank’s Community Reinvestment Act (CRA) examination rating.

Policies 74

Policies Lending National Community 74

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

PYMNTS

APRIL 18, 2019

Reports in ABA Banking Journal this week said the Small Business Credit Survey , released as a collaborative effort between the 12 Federal Reserve banks, revealed the majority of small businesses surveyed reported being profitable last year, and had experienced an increase in revenues throughout 2018.

Capital 109

Capital Survey Lending Online 109

PYMNTS

DECEMBER 5, 2018

The nation continues to push against cash in favor of digital payments, while both the government and private sector continue to fuel FinTech innovation. It hasn’t been easy for the nation’s small businesses, however. The company planned to more than triple its customer base by the end of 2018.

Innovation 171

Innovation Survey Operations Community 171

PYMNTS

MARCH 8, 2020

A report from the State Bank of Pakistan in February said a lack of electronic payment services like PayPal in the country has led the nation to lose out on as much as $2 billion in payments related to the information and communication technology (ICT) sector. The true value though could be as high as $2.5 billion, the report stated.

Payments 159

Payments National Report Innovation 159

PYMNTS

FEBRUARY 16, 2018

Data released in ADP’s Canada National Employment Report, published Thursday (Feb. Hiring in Canada is off to a good start for 2018,” reflected ADP Research Institute Vice President and Co-Head Ahu Yildirmaz in a statement. The largest was in the education sector, with educational services experiencing a decline of 8,100 jobs.

Lending 108

Lending National Data Analysis 108

PYMNTS

JANUARY 16, 2018

alternative lender Sorodo says small businesses (SMBs) in the nation remain unaware of the option to access a merchant cash advance, and that’s something the company plans to address this year, according to a press release the company issued Monday (Jan. The results are presented directly to the applicant.”.

Lending 100

Lending Community Regional National 100

PYMNTS

SEPTEMBER 17, 2019

While short-term lending in general has a pretty rough reputation, the pawn loan is the most ill-regarded arena in an already unloved category of consumer lending. The loan amount a borrower can get from a pawnbroker is determined solely by the value of the item itself; as in most forms of short-term lending, there is no credit check.

Ohio 151

Ohio Lending Iowa South Dakota 151

CFPB Monitor

JULY 10, 2020

Since April 2018, he has served as CFPB Policy Associate Director for Research, Markets, and Regulations since April 2018. Mr. Brown has more than two decades of experience working with national and local organizations to increase financial well-being and economic opportunities for consumers.

Policies 78

Policies Lending Community National 78

Independent Banker

JULY 31, 2022

Featured offerings include commercial banking, commercial real estate lending for both owner-occupied and investment, SBA lending, and deposit and business treasury services. from 2016 until its sale in 2018. He began his career in the securities business and specializes in commercial banking, real estate lending and treasury.

Florida 91

Florida Community Bank Community FDIC 91

PYMNTS

FEBRUARY 19, 2019

months in the first half of 2018, from 5.6 The average merger review time at the Office of the Comptroller of the Currency (OCC) declined between 2016 and 2018, too, reports in The Wall Street Journal said. making it one of the nation’s first new community banks in years. months in the first half of 2017.

Marketing 108

Marketing Community Community Bank Industry 108

CFPB Monitor

SEPTEMBER 21, 2018

On September 17, 2018, four Amici filed briefs in the CFPB’s case against All American Check Cashing , which is now before the Fifth Circuit Court of Appeals. Public Interest Research Group Education Fund, Inc.; The Appleseed Foundation, Inc.

DC 60

DC National America Groups 60

CFPB Monitor

JANUARY 19, 2022

federal district court in December 2020 seeking to block the OCC from granting a national bank charter to Figure Technologies Inc. The lawsuit represented the CSBS’s third challenge to the OCC’s authority to issue special purpose national bank (SPNB) charters to non-depository fintech companies or to uninsured deposit-taking fintechs.

Technology 78

Technology National FDIC Fintech 78

PYMNTS

JULY 15, 2019

Analysts note that today, the percentage of professionals working in the agricultural sector remains so low that including them in national jobs calculations would not have a statistically relevant effect on overall analysis. “As Between December 2015 and March 2019, banks pulled back their farm lending by $3.9

FDIC 142

FDIC Analysis Lending Data 142