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

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. FIS merchants in the U.S.

Lending 131

Lending Florida Capital Fintech 131

PYMNTS

APRIL 29, 2019

With first-quarter earnings reports rolling out, it’s time to take a look at the state of small businesses and how they fared for the first three months of 2019. With Standish Mellon Chief Economist Vincent Reinhart expecting the U.S.’ Beyond the U.S. , billion lent to SMBs in the quarter.

Lending 168

Lending Michigan Community National 168

PYMNTS

OCTOBER 1, 2019

India-based financial services provider Reliance Capital has announced it will exit the lending market. 30), Reuters reported , noting that the company is struggling to overcome “collateral damage” resulting from a slowing national economic and a broader “crisis,” the publication said, in India’s lending sector.

Capital 109

Capital Lending Regulation Operations 109

CFPB Monitor

MAY 7, 2020

The CFPB’s annual fair lending report covering its 2019 activities is scheduled to be published in tomorrow’s Federal Register. The Bureau states that an area of innovation that it is monitoring for fair lending and credit access issues is “artificial intelligence (AI), and more specifically, machine learning (ML), a subset of AI.”

Lending 78

Lending Report FDIC Policies 78

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. Mark Turner, Executive Chairman of the Board, WSFS Bank – We have to give the nod to an early 2019 retirement of Turner, who had one hell of a run in 12 years at the helm of a great community and wealth bank.

Idaho 148

Idaho Conference Data Marketing 148

PYMNTS

JANUARY 26, 2021

division of L’Occitane has filed for Chapter 11 bankruptcy, while AutoFi is shifting into high gear with the debut of its “lending as a service” division. California’s AutoFi is shifting into high gear with the rollout of its “lending as a service” arm targeted toward corporate clients. “In percent seen in December 2019.

Retail 239

Retail US New Jersey New York 239

CFPB Monitor

JULY 27, 2021

Ashley Harrington, Federal Advocacy Director and Senior Counsel, Center for Responsible Lending. In 2019, Congressmen García Grothman introduced the Veterans and Consumers Fair Credit Act, which would extended the Military Lending Act’s all-in 36% rate cap to most consumer credit transactions. Professor Thomas W. Miller, Jr.,

National 78

National Mississippi Groups Cards 78

CFPB Monitor

NOVEMBER 21, 2019

The CFPB has published its Fall 2019 rulemaking agenda as part of the Fall 2019 Unified Agenda of Federal Regulatory and Deregulatory Actions, which is coordinated by the Office of Management and Budget. The Bureau issued a proposed debt collection rule in May 2019. Business lending data (Dodd-Frank Section 1071).

Regulation 78

Regulation Cards Data Leadership 78

CFPB Monitor

JULY 9, 2020

The agency would first offer “Payments Charter 1.0”, which he likened to a basic national money-transmitter license. He explained that while banks have traditionally provided three fundamental banking functions – deposit taking, lending, and payments – the evolving needs of financial services customers may call for a different approach. (In

National 78

National Company Payments New York 78

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

OCTOBER 16, 2020

In May 2019, the government took over Baoshang Bank in the first seizure of its kind in almost 20 years. trillion yuan ($219 billion) in profit by cutting lending rates and deferring loan repayments in an effort to assist firms. Runs on small financial institutions (FIs) in China have been on the uptick as of last year.

Regulation 280

Regulation Lending National Marketing 280

Bank Innovation

JANUARY 17, 2020

Welcome to the latest episode of our Weekly Wrap video series, for the week ending Friday, January 17, 2019.

Retail 243

Retail New York Video Conference 243

PYMNTS

JULY 1, 2016

Soon after Lending Club revealed its ex-CEO may have artificially inflated the company’s lending volumes, the U.S. Alternative Lending. India’s alternative lending industry scored yet another win this week with a nearly $25 million investment from Morgan Stanley Private Equity Asia. Lendingkart.

Lending 101

Lending Analytics Capital Industry 101

Abrigo

AUGUST 12, 2019

Abrigo is bringing together the nation’s leading conferences on the new current expected credit loss (CECL) standard, MainStreet Technologies’ National CECL Conference, and the leading conference on lending, credit and portfolio risk best practices, Sageworks’ Lending & Risk Summit. Networking opportunities.

Conference 150

Conference Lending National Risk Management 150

PYMNTS

OCTOBER 8, 2019

The latest data also hints at the possibility banks may be feeling skittish about lending to small and medium-sized business (SMB) customers. 54 percent of SMBs say the Tax Cuts and Jobs Act positively impacted their businesses , new research from the National Federation of Independent Businesses said.

Survey 134

Survey Taxes Data Report 134

PYMNTS

JANUARY 25, 2021

trillion in 2019. 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. FDI dropped to $859 billion in 2020 from $1.5

United States 217

United States Regulation Payments Lending 217

Abrigo

AUGUST 9, 2019

“Dealing with change is difficult, but dealing with change when you don’t feel like you have enough time feels impossible,” says Dave Crenshaw, author of a best-selling time management book and the keynote speaker of the 2019 ThinkBIG Conference in Orlando, Fla., Learn More About The 2019 ThinkBIG Conference. See Details.

Management 150

Management Conference Lending Training 150

CFPB Monitor

AUGUST 9, 2018

3334 captioned “ The Military Lending Improvement Act of 2018” in the United States Senate to “expand and improve” credit protections afforded to service members by the Military Lending Act (MLA) and the Fair Debt Collection Practices Act (FDCPA). On August 1, 2018, Sen. Bill Nelson (D-Florida) introduced S.

Lending 84

Lending United States Florida Data 84

PYMNTS

FEBRUARY 17, 2020

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

Illinois 131

Illinois Lending National Conference 131

CFPB Monitor

JANUARY 28, 2021

The new report indicates that the Bureau had 1,504 employees as of September 30, 2020, representing an increase of 74 employees from the number of employees as of September 30, 2019 (1,430). During the period covered by the report, the Bureau filed one fair lending public enforcement action and referred three ECOA matters to the DOJ.

Report 78

Report Leadership Lending Regulation 78

Bank Innovation

FEBRUARY 14, 2019

Despite predictions of a bleak economy and decreasing investment spending from businesses, banks will not be cutting down their technology spend in 2019, according to Kurt Spieler, Chief Investment Officer at First National Bank of Omaha.

Omaha 186

Omaha Technology National Innovation 186

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. embed][link].

Analytics 74

Analytics Lending Strategy Regulation 74

CFPB Monitor

NOVEMBER 7, 2019

On October 29, 2019, the House Financial Services Subcommittee on Oversight and Investigations held a hearing to explore the issue of lending and housing discrimination against members of the LGBTQ+ community. A recording of the hearing is available here. Michael Adams, Chief Executive Officer, SAGE.

Lending 60

Lending Community Iowa Policies 60

CFPB Monitor

JULY 27, 2020

The CFPB has issued its Spring 2020 Semi-Annual Report to Congress covering the period September 30, 2019 through March 31, 2020. During the period covered by the report, the Bureau filed one fair lending public enforcement action and referred four ECOA matters to the DOJ.

Report 78

Report Lending Leadership National 78

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. PalmPay and OPay, in two cases, notched more than $210 million in funding during a five-month period in 2019, mostly from investors in China.

National 132

National Fintech Lending Operations 132

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 120

Fintech Analytics Lending Case Study 120

Abrigo

DECEMBER 1, 2020

Takeaway 1 For solid ag lending returns, focus on assessing credit risk in current portfolios and effective pricing. . Takeaway 2 Sentiment rose in 3Q, but the highly uncertain outlook warrants caution in ag lending activities. A tricky year for farmers, ag lending. You might also like this webinar watch. Pandemic Impact.

Lending 195

Lending Survey Operations Payments 195

CFPB Monitor

JULY 23, 2021

The DoD, in consultation with the Treasury Department, was required to provide the report by the National Defense Authorization Act for Fiscal Year 2021. This year, 31 percent of active duty servicemembers have taken out a cash advance or payday loan, compared to only 13 percent in 2019.

Report 78

Report Lending Cards National 78

PYMNTS

JANUARY 3, 2020

A bit closer to home, 2019 marked a record year in the U.S. — National Returns Day : The dawn of the new year heralds a spike in returns of unwanted gifts. But online lending companies are seeing a surge in digital loans — up 19 percent year over year in 2019. The retail sector is among the largest employers in the U.K.,

Retail 131

Retail Samsung National Taxes 131

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

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

JUNE 7, 2019

19, 2019 compliance date for the mandatory underwriting provisions for its short-term, small-dollar (payday) rule, according to various reports. As a policy matter, we support the Bureau’s goal of ending abusive payday lending practices by nonbank lenders. The Bureau of Consumer Financial Protection (CFPB) has delayed the Aug.

Compliance 134

Compliance Lending Policies Meeting 134

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 percent: the growth rate of FDIC-insured bank loans to farm borrowers as of March 2019.

FDIC 142

FDIC Analysis Lending Data 142

CFPB Monitor

MARCH 30, 2020

Section 4008 – Debt Guaranty Authority. Section 4008 of the CARES Act authorizes the Federal Deposit Insurance Corporation (FDIC) to establish a debt guarantee program to guarantee the debt of solvent insured depository institutions and depository institution holding companies.

Regulation 122

Regulation United States Community Bank National 122

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