PYMNTS

OCTOBER 16, 2020

As it aims to bolster methods of market exit and risk disposal for institutions that loan money, the central bank of China introduced a draft of updates to legislation applicable to commercial banks, Reuters reported. In May 2019, the government took over Baoshang Bank in the first seizure of its kind in almost 20 years.

Regulation 280

Regulation Lending National Marketing 280

FICO

DECEMBER 20, 2018

For my predictions, I’ll focus on four areas of tactical concern within consumer banking that I feel confident bank executives will make significant progress addressing 2019. We began to see a resurgence in small-dollar lending in 2018 with new regulatory guidance from the OCC and FDIC encouraging banks to compete with payday lenders.

Trends 73

Trends Lending Fraud Exercises 73

PYMNTS

FEBRUARY 17, 2020

The expansion of BankFinancial Equipment Finance brings its leasing capabilities to governmental, middle-market and small businesses, BankFinancial announced on Friday (Feb. BankFinancial Equipment Finance will also continue its corporate leasing, lending, deposit and treasury management services to independent equipment lessors nationwide.

Illinois 131

Illinois Lending National Conference 131

PYMNTS

JULY 1, 2016

Soon after Lending Club revealed its ex-CEO may have artificially inflated the company’s lending volumes, the U.S. Treasury Department released its report on the sector and concluded that the market would likely benefit from greater oversight from regulators. Alternative Lending. Lendingkart.

Lending 101

Lending Analytics Capital Industry 101

PYMNTS

SEPTEMBER 4, 2018

s request for the European Union to expand its financial market access after Brexit isn’t going to be met in the near future. Reuters , citing Levin Holle, director general of financial markets policy in Germany’s finance ministry, reported that request won’t be met any time soon. The country is due to leave the bloc in March of 2019.

Marketing 100

Marketing Regulation Policies US 100

PYMNTS

OCTOBER 8, 2019

Hiring continues to be a challenge as business owners not only struggle to find qualified workers in a tight labor market, but find professionals who will help that company achieve its goals. The latest data also hints at the possibility banks may be feeling skittish about lending to small and medium-sized business (SMB) customers.

Survey 134

Survey Taxes Data Report 134

FICO

JANUARY 25, 2019

Meanwhile, the competition for established mortgage lending has intensified as mortgage system growth slowed over the last few years. The sources of new lending at any bank consist of customers with a new home purchase, those who are moving from another lender or are looking to buy an investment property.

Analytics 74

Analytics Lending Strategy Regulation 74

Gonzobanker

FEBRUARY 26, 2019

Recent fintech deals across digital, lending, payments and infrastructure are telling a big story. Heck, we weren’t even three weeks into 2019 when Fiserv ’s $22 billion proposed First Data acquisition—one of the biggest fintech deals ever —was announced to the Street. Lending: Mashing Up Analytics & Digital. Money talks.

Fintech 104

Fintech Analytics Lending Case Study 104

PYMNTS

JUNE 7, 2019

19, 2019 compliance date for the mandatory underwriting provisions for its short-term, small-dollar (payday) rule, according to various reports. CBA commends the Bureau for reexamining the small-dollar credit marketplace and how lenders in this market meet consumers’ need for credit. Compliance is being delayed 15 months, to Nov.

Compliance 134

Compliance Lending Policies Meeting 134

CFPB Monitor

MARCH 30, 2020

Section 4003 of the CARES Act generally authorizes the Treasury Secretary to make loans, loan guarantees, and other investments in support of eligible businesses, States, and municipalities that do not, in the aggregate, exceed $500,000,000,000 and provide the subsidy amounts necessary for such loans, loan guarantees, and other investments in accordance (..)

Regulation 122

Regulation United States Community Bank National 122

Jeff For Banks

NOVEMBER 24, 2019

The bank, First National Bank of Keystone, was $1.1 The government guarantee allowed for a secondary market in these loans. 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.

National 78

National West Virginia Virginia Pennsylvania 78

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

PYMNTS

SEPTEMBER 18, 2020

The Chinese retail economy is on the comeback trail, lending optimism to the thinking that the U.S. Earlier this week the Chinese National Bureau of Statistics announced that August retail sales rose for the first time this year by 0.5 percent from 2019, while industrial production expanded 5.6 percent against a forecast of 5.1

US 154

US Retail National Industry 154

PYMNTS

DECEMBER 23, 2019

More should be learned from the rise and fall of the peer-to-peer (P2P) lending sector, during which regulations were not introduced quickly enough, said economics professor Huang Yiping at the National School of Development of Peking University to Reuters. billion this year, according to the 2019 China AI Development.

Regulation 202

Regulation Groups Policies Big Data 202

Abrigo

APRIL 30, 2020

There has been an influx of calls from consumers who can no longer pay their loans, and this will quickly follow suit on the commercial lending side. 31, 2019; and It must be executed between Mar. 1, 2020, and the earlier of 60 days after the termination of the National Emergency, or Dec. 31, 2019, were already “near the edge.”

Strategy 195

Strategy Meeting Software National 195

PYMNTS

NOVEMBER 17, 2019

The new group will provide a full suite of lending and banking products for growing technology companies at every development stage, including asset-based solutions, recurring revenue-based revolving lines of credit, treasury management, foreign exchange and more. million in the second quarter of 2019. “We

Groups 116

Groups Innovation Capital Leadership 116

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

PYMNTS

DECEMBER 9, 2020

FIS and Worldpay combined in mid-2019, Fiserv and First Data combined shortly thereafter and Worldline SA purchased Ingenico earlier this year. These are $100 billion market cap companies that are sitting in the middle of the payments supply chain.”. And from that trust comes a powerful position in the market. “As

Innovation 306

Innovation Fintech Payments Regulation 306

PYMNTS

DECEMBER 6, 2019

backers focused on accounts payable (AP) technology, cannabis procurement and small business lending, to name a few – but it was a FinTech specializing in the high-growth market of on-demand payroll that secured the top spot in this week’s roundup. From Singapore to the U.K., based uncapped has announced $13.16

Fintech 133

Fintech Capital Lending Chicago 133

BankUnderground

APRIL 3, 2024

Net lending represents the overall surplus or deficit, and it is theoretically the same whether you look at it from the income or financial account viewpoint. Evolution of the net lending positions of households and corporates The pre-GFC era was a period of strong growth and low inflation , which coincided with a large expansion of credit.

Lending 63

Lending Analysis Policies Trends 63

PYMNTS

DECEMBER 27, 2019

The PYMNTS December 2019 Credit Union Tracker looks at the changing topography of the CU space, as digital transformation challenges the “all for one, one for all” mentality that has undergirded their business model since the 1800s. percent in Q3 2019, which is a concern for the entire sector. Digital Unison.

Digital Banking 130

Digital Banking Millennials Banking Trends Mobile 130

Jeff For Banks

DECEMBER 7, 2019

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. This includes asset based lending, insurance premium financing, leasing, and factoring among others.

Indiana 78

Indiana Oregon South Dakota Community Bank 78

PYMNTS

APRIL 18, 2019

But analysts also found that when it comes to hiring plans, fewer businesses expect employment growth in 2019 than last year. The largest financing gaps were felt among businesses with “weak credit profiles,” unprofitable businesses, younger businesses and businesses in urban markets.

Capital 109

Capital Survey Lending Online 109

TrustBank

JUNE 30, 2020

It would be an understatement to start by noting that COVID-19 has had a significant impact on the US health care system, economy, and markets in 2020. When reviewing real estate sales and inventory, analysts consider a less-than six month supply to be a seller’s market, and a more-than six month supply to be a buyer’s market.

Washington 52

Washington National Exercises Report 52

PYMNTS

NOVEMBER 6, 2019

The climb back from that has been long and at times arduous, but has been making progress throughout 2019. The latest result carries forward a trend for 2019 — over the last four quarters, the company has surpassed consensus EPS estimates three times. We are very, very clear that we are planning a national bank charter.

San Francisco 100

San Francisco Utah Trends Cards 100

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. “Where there were 15 workers before, now there are three.

Innovation 171

Innovation Survey Operations Community 171

PYMNTS

FEBRUARY 27, 2019

These market conditions may not seem ripe for FinTech innovation, but where there are challenges, there are opportunities. Like many markets around the globe, a generational divide has created a rift between what younger entrepreneurs are seeking from their financial services providers and what the legacy banking sector has to offer.

Technology 190

Technology Industry Innovation Big Data 190

PYMNTS

AUGUST 13, 2019

And while the individual loans are small — relatively speaking — the total amount of debt is anything but “micro” — in all, Cambodian consumers owed $8 billion in loans as of the start of 2019, and the situation is teetering on the edge of becoming a full-blown debt crisis with sharp economic and political ramifications. “It

Report 158

Report Study Industry Marketing 158

CB Insights

DECEMBER 12, 2019

From payments to insurtech to lending, fintech companies are attracting investor attention. GET THE 88-PAGE q3 2019 FINTECH TRENDS REPORT. Using CB Insights’ market intelligence platform , we visualized these exits together in one timeline. Data is as of 12/10/2019. Lending Club. Please click to enlarge. .

Fintech 41

Fintech US Lending Analytics 41

PYMNTS

JANUARY 8, 2019

With the investment, which is from Investa Wahana Group, the company seeks to invest in possible acquisitions, strategic investments and peer-to-peer lending. KinerjaPay, which runs a mobile app and web portal, was reportedly the first eCommerce company in Indonesia to have a listing on the OTC market in the United States.

Regional 128

Regional blockchain Mobile United States 128

Gonzobanker

DECEMBER 20, 2019

GonzoBankers, 2019 was a year of extremes. Third, read and enjoy the 2019 edition of the GonzoBanker Awards, our 18 th. The company’s market capitalization, which after declining to less than $600 million in the 2009 recession, has now grown to almost $3 billion. annual list. We may not be good, but we’re persistent!

Idaho 148

Idaho Conference Data Marketing 148

PYMNTS

JUNE 25, 2018

Alternative small business lender Power2SME says small businesses’ loan payment times doubled overnight following India’s demonetization efforts, highlighting the impact of going cashless on the nation’s entrepreneurs and, consequently, the SMB finance market.

Taxes 100

Taxes US System National 100

CFPB Monitor

SEPTEMBER 10, 2020

In 2019, California enacted AB-539, the Fair Access to Credit Act (FACA), which, effective January 1, 2020, limits the interest rate that can be charged on loans of $2,500 to $10,000 by lenders licensed under the California Financing Law (CFL) to 36% plus the federal funds rate.

Utah 78

Utah California FDIC West Virginia 78

PYMNTS

JULY 8, 2019

Regulators, particularly in the nations with the largest swaths of unbanked consumers, will say it offers users no easy way to cash in, cash out or reliably spend the Libra currency. Not without uses, not unimportant and a transitional step into the market for some consumers, but also not really a next-level innovation.

Digital Banking 176

Digital Banking Innovation Cards Lending 176

CFPB Monitor

FEBRUARY 11, 2019

(The CFPB has also proposed to delay the mandatory compliance date for the ATR provisions until November 19, 2020 but took no action to change the rule’s payment provisions or the August 19, 2019 compliance date for the payment provisions.).

Lending 68

Lending Compliance Meeting National 68

PYMNTS

NOVEMBER 13, 2020

The National Auto Dealers Association (NADA) recently reported that during the first three quarters of 2020, three out of every four vehicles sold were light trucks – a trend that has pushed truck prices to new highs. More consumers have sought to buy cars as a result of urban flight or to avoid public transportation.

Online 214

Online San Francisco Trends Marketing Strategies 214

FICO

APRIL 2, 2019

This April, the world’s leading event in financial services innovation kicks off – LendIt Fintech USA 2019 in San Francisco on April 8 and 9th. Thousands of thought leaders across industries like financial inclusion, digital banking, and lending will share insights on the latest fintech industry market trends and future challenges.

Innovation 40

Innovation San Francisco Analytics Lending 40