PYMNTS

AUGUST 16, 2019

Reports said the watchdog is focusing on the Chinese bank’s corporate lending operations, with unnamed sources telling the FT that the probe will include a look into HNA and Zhonghong Zhuoya and their borrowing activities with the bank.

Lending 148

Lending Regulation Operations Analysis 148

CFPB Monitor

APRIL 14, 2021

The California Department of Financial Protection and Innovation (DFPI) has issued modifications to its proposed regulations to implement SB 1235, the bill signed into law on September 30, 2018 that requires consumer-like disclosures to be made for certain commercial financing products, including small business loans and merchant cash advances.

CA 78

CA Regulation California New York 78

PYMNTS

JANUARY 22, 2021

India's central bank wants stricter regulations for big shadow lenders, according to a new report from Bloomberg. 22) report, wants to prevent events like the collapse of a major financier in 2018 — which continues to have effects on the financial system even now. The Reserve Bank of India , according to the Friday (Jan.

Regulation 272

Regulation Capital Lending Groups 272

PYMNTS

DECEMBER 26, 2018

Eight credit unions closed in 2018, and they affected an estimated 14,000 people with a collective £25 million in savings. Even some of the more successful CUs have had to curtail lending. Largely hailed as safe alternatives to payday loan firms, credit unions in the U.K. Credit unions cap rates at 3 percent a month.

Regulation 134

Regulation Capital Lending Policies 134

PYMNTS

NOVEMBER 13, 2019

China’s regulators have revealed that the country will be moving away from setting sharp growth targets at its biggest banks, in an effort to increase lending to small businesses (SMBs). percent from 2018. On Tuesday (Nov. In March, CBIRC also ordered lenders to offer SMB loans at reasonable rates, and they have complied.

Lending 101

Lending Guidelines Regulation Payments 101

CFPB Monitor

FEBRUARY 26, 2019

The FTC has sent its annual letter to the CFPB reporting on the FTC’s activities related to compliance with the Equal Credit Opportunity Act and Regulation B. In 2018, the FTC began a series of public hearings called “FTC Hearings on Competition and Consumer Protection in the 21 st Century.” Interagency fair lending task force.

Report 87

Report Study Analytics Lending 87

CFPB Monitor

OCTOBER 15, 2018

Addressing the Mortgage Bankers Association (MBA) 2018 Annual Convention in Washington, DC on October 15, 2018, BCFP Acting Director Mick Mulvaney advised that regulation by enforcement is dead, and that he does not care much for regulation by guidance either.

Regulation 96

Regulation DC Lending Washington 96

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

APRIL 29, 2019

Twenty-nine percent of SMB CEOs said economic conditions had recently improved , Vistage’s Q1 analysis revealed, a significant decline from the 44 percent who said the same in Q4 2018, and even more of a drop from the 62 percent who agreed in Q1 2018. middle-market in the recently released Golub Capital Altman Index.

Lending 168

Lending Michigan Community National 168

CFPB Monitor

AUGUST 19, 2019

The California Department of Business Oversight (DBO) has issued proposed regulations to implement SB 1235 , the bill signed into law in September 2018 that requires consumer-like disclosures to be made for certain commercial financing products, including small business loans, merchant cash advances, and factoring.

Regulation 68

Regulation CA California Lending 68

PYMNTS

AUGUST 1, 2017

With home loan growth expected to slow to 4 percent in 2018, National Australia Bank (NAB) wants to build its business elsewhere, namely in SME lending. Australian regulators have been pressuring the nation’s top banks to improve their small business lending practices.

National 100

National Lending Capital Regulation 100

PYMNTS

MARCH 7, 2018

Bancorp is hopeful that an order issued aimed at getting the bank to strengthen its anti-money laundering efforts will be lifted by the end of 2018. Our expectation is that we will get out of the consent order in 2018.”. Most of these changes were completed by the end of 2017. In addition, U.S.

Regulation 100

Regulation Minneapolis New York Conference 100

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

JANUARY 10, 2019

The Reserve Bank of India (RBI) is in the process of reviewing the December quarterly results of state-owned banks to determine if lending restrictions will be eased, reported Reuters. 10) to look at the estimates for how the banks performed for the fourth quarter of 2018. RBI ’s Board for Financial Supervision met on Thursday (Jan.

Lending 128

Lending Capital Meeting Report 128

CFPB Monitor

JUNE 11, 2019

The Federal Trade Commission recently provided its annual letter to the CFPB concerning its enforcement activities relating to compliance with Regulation Z (Truth in Lending Act), Regulation M (Consumer Leasing Act), and Regulation E (Electronic Fund Transfer Act). Regulation Z/TILA; Regulation M/Consumer Leasing Act.

Report 60

Report Regulation social media Policies 60

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. The New Subprime Lending Path. Citigroup’s auto lending unit has been nearly entirely sold off.

Lending 137

Lending Examples America Metro 137

PYMNTS

JANUARY 9, 2020

China’s peer-to-peer (P2P) lending market is headed for more turbulence in 2020 as more of its popular platforms face potentially being shut down as the government tightens regulatory reins. Gansu, Hebei, Hunan, Chongqing and Sichuan were among Chinese provinces ordering a total shutdown of P2P lending in 2019. billion yuan (US$70.4

Lending 131

Lending Regulation Capital Industry 131

PYMNTS

JANUARY 18, 2018

Regulation has undoubtedly acted as a catalyst to major financial services trends in areas like small business (SMB) lending, faster payments and, most recently, open banking and collaboration with FinTechs. In its Global Banking Outlook 2018 survey , EY assessed 221 financial institutions across 29 markets. Optimism Up.

Regulation 156

Regulation Innovation Fintech Marketing 156

PYMNTS

NOVEMBER 11, 2020

The State Administration for Market Regulation — China’s regulator — said on Tuesday (Nov. The decree from Chinese regulators followed the suspension of Ant’s initial public offering (IPO) in Shanghai and Hong Kong. 2), China’s central bank and regulators outlined new rules for digital micro-lending.

Regulation 207

Regulation Marketing Groups Lending 207

PYMNTS

OCTOBER 4, 2017

The newswire said on Tuesday that banks based on the Continent are responsible for about 10 percent of lending to British firms. Reuters noted that banks doing the aforementioned lending are currently operating as branches but may have to seek what Reuters termed an “upgrade to fully fledged subsidiaries” after the real exit.

Lending 100

Lending Policies Meeting Regulation 100

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

JANUARY 25, 2021

In today’s top payments news around the world, India’s central bank wants stricter regulations for big shadow lenders, while global foreign direct investment (FDI) dropped last year and the pandemic will continue to impact it this year. The central bank of India wants more stringent regulations for large shadow lenders.

United States 217

United States Regulation Payments Lending 217

PYMNTS

AUGUST 12, 2020

regulators, a move that would put the firms into conflict with secrecy laws in China. ” Lufax , which hopes to raise $3 billion with its IPO, has shifted away from peer-to-peer lending to focus on wealth management and retail lending. stock exchanges will have to conform to U.S. auditing standards by the end of next year.

US 147

US United States Lending Regulation 147

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

CFPB Monitor

JUNE 18, 2019

Last week, the FDIC published its Consumer Compliance Supervisory Highlights that provides observations about its consumer compliance supervision activities in 2018. Regulation E – Mistakes Made in the Consumer Liability/Error Resolution Process. The CFPB has frequently noted similar findings of Regulation E violations.).

FDIC 60

FDIC Compliance Regulation Training 60

PYMNTS

JUNE 7, 2019

Reuters , citing the regulator, reported it found the negative impact on small business lending was short in nature, and that there is no need to change the rule. When the banks were required to increase their capital in 2010, they argued it would hurt their ability to keep up their lending pace. In January, the U.K.

Capital 108

Capital Lending Regulation Meeting 108

PYMNTS

OCTOBER 2, 2019

Grab cooperated with the commission and has not been informed of any breach of competition laws since the March 2018 acquisition, a spokeswoman for the company told Bloomberg. Bloomberg reported on Sept. He did that, among other things, by offering mobile phones to taxi drivers and by creating a better business model.

Regulation 108

Regulation Maine Lending Mobile 108

PYMNTS

MARCH 19, 2019

However, though the company expanded quickly in 2017 and 2018, Beijing’s crackdown on certain lending practices forced Dianrong to decline in the second half of 2018. We hope regulators can give the industry a clear and definite timetable, and give guidance and a ray of hope for companies that stick to compliance,” Guo said.

Regulation 138

Regulation Regional Lending Compliance 138

PYMNTS

MARCH 8, 2019

PSD2 launched in January 2018 and has been active in the European Union for a little over a year now, meaning that banks, merchants and customers are becoming used to it and its accompanying data privacy law, GDPR. Because of these new regulations, however, businesses of all types are seeing their relationships with their customers change.

Lending 135

Lending Data Security Regulation 135

Bank Innovation

OCTOBER 4, 2017

The European Central Bank is planning to ask banks within the euro zone to up the amount of cash on hand to cover non-performing loans, a move meant to help bolster lending in the region. The proposal, which was released for public consideration yesterday, would give banks two years beginning on January 1st, 2018, to […].

Regional 225

Regional Lending Regulation Fintech 225

CFPB Monitor

JULY 22, 2016

As we have reported , the Consumer Financial Protection Bureau (CFPB) released a final rule amending Regulation C, which implements the Home Mortgage Disclosure Act (HMDA), requiring “Covered Institutions” to report certain information about mortgage applications and loans in efforts to create transparency in the mortgage lending process.

Resources 60

Resources Data Lending Regulation 60

PYMNTS

JUNE 4, 2019

Crowdfunding platforms, or peer-to-peer (P2P) lenders, are going to face tougher regulations in the U.K. The new rules will start in December, and are a response to the FCA forcing P2P lending platform Lendy into administration, which is when a company is insolvent and in trouble with creditors.

Lending 122

Lending Regulation Retail Marketing 122

PYMNTS

JUNE 7, 2019

Reuters , citing the regulator, reported it found that the negative impact it had on lending on small companies was short in nature and as a result, there is no need to now change the rule. When the banks were required to increase their capital back in 2010 they argued it would hurt their ability to keep up their lending pace.

Capital 100

Capital Lending Regulation Meeting 100

CFPB Monitor

JULY 6, 2021

Financial institutions were found to have violated Regulation E by: Failing to comply with provisional credit requirements for disputed transactions. Fair lending. CFPB examiners found widespread errors within 2018 HMDA loan application registers of several financial institutions. Mortgage origination.

Lending 78

Lending Report Regulation Analysis 78

Abrigo

NOVEMBER 12, 2020

Real estate lending BSA training should include GTO guidance. Monitoring systems and/or procedures should automatically alert the BSA department to these types of activity. These red flags include R eal e state lending BSA training should include GTO guidance. BSA Rules and Regulation. BSA Rules and Regulation.

New York City 195

New York City Las Vegas San Antonio San Diego 195

PYMNTS

FEBRUARY 14, 2018

Wells can still lend and take deposits. Three board members are on track to be replaced by April and a fourth by the end of 2018. The move is unprecedented, as the Fed has never before placed limits on how large a company can get.

Regulation 100

Regulation Conference Compliance Lending 100

PYMNTS

MARCH 12, 2019

Chinese regulators continue to crack down on shadow and alternative lending: Their latest target is the pawn shop financing space, which is often used by small businesses for quick capital. The inclusive financing division of the China Banking and Insurance Regulatory Commission (CBIRC) is said to be drafting the new regulations.

Regulation 109

Regulation Lending Capital Report 109