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. In April 2020, the Bureau published a request for information seeking comments and information to assist the Taskforce.

Report 78

Report Lending Leadership National 78

American Banker

JANUARY 13, 2021

The nation's third-largest credit union saw a huge lending spike in 2020, especially in its mortgage division, while membership grew by 159%, thanks in part to merger activity.

Lending 73

Lending National 73

Perficient

MAY 26, 2021

While Fintech Generations was historically an in-person conference in Charlotte, North Carolina, this year’s event, similar to 2020, will be virtual and is expected to attract more than 1,000 attendees. Since its inception in 2015, the Fintech Generations conference has drawn national and international fintech leaders and speakers.

Fintech 462

Fintech North Carolina Charlotte Conference 462

PYMNTS

JANUARY 3, 2020

Call it a crisis that crosses the pond, will last into 2020 and, likely, beyond. We usually cheer the dawn of a new year as a chance to start things anew — but here, at least, 2020 may simply offer more of the same. National Returns Day : The dawn of the new year heralds a spike in returns of unwanted gifts.

Retail 131

Retail Samsung National Taxes 131

PYMNTS

JANUARY 5, 2021

The Accion Opportunity Fund , which bills itself as the first organization with a nationally focused, small business microlending strategy, was launched in March 2020 when Opportunity Fund and the Accion U.S. Network teamed up.

San Jose 198

San Jose Lending Community California 198

Abrigo

MAY 20, 2020

FinCEN issued an advisory on May 18, 2020 to alert financial institutions to medical scams related to the COVID-19 pandemic as well as new SAR key terms for reporting these scams. FinCEN reminds financial institutions that “detecting, preventing, and reporting COVID-19 scams and illicit activity is critical to our national security.”

Lending 195

Lending Fraud Training Report 195

Abrigo

JULY 10, 2020

On July 7, 2020, FinCEN i ssue d the s econd r ed f lag COVID-19 advisory relat ing to fraud and certain red flags that could be indicative of fraudulent activity. Lending & Credit Risk. Member Business Lending. SBA Lending. Ag Lending. CRE Lending. Lending & Credit Risk.

Fraud 195

Fraud Lending Software Analytics 195

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% The dealer markup was capped at 2% after December 15, 2020. While New York’s Fair Lending Law is similar to the ECOA, DFS has viewed the rollback in federal enforcement as an opportunity to fill the void.

New York 78

New York Lending Community Bank Community 78

Abrigo

DECEMBER 1, 2020

After Turbulent 2020, Ag Lenders Look to 2021 Understanding credit risk in current ag loan portfolios will also be key to ag lenders' solid returns. . Takeaway 1 For solid ag lending returns, focus on assessing credit risk in current portfolios and effective pricing. . A tricky year for farmers, ag lending. Pandemic Impact.

Lending 195

Lending Survey Operations Payments 195

PYMNTS

JUNE 24, 2016

India led the competition with the most funding rounds, as investors supported the nation’s efforts to develop the digitization and sophistication of more traditional business operations: eProcurement, eInvoicing, logistics and supply chain management. Alt-Lending. market struggles with investor doubt and regulatory scrutiny.

National 100

National Trends Lending Capital 100

PYMNTS

DECEMBER 28, 2020

The digital compression of 2020 has drawn a wide range of speculation. In Mercado’s home nation of Brazil, he describes the last eight months as a “fundamental transformation” in a conversation with PYMNTS’ Karen Webster. Has it been ten years of change packed into one, as some have speculated? Ten years in eight weeks.

Lending 220

Lending Data Marketing Regional 220

PYMNTS

AUGUST 2, 2016

Small businesses will be crucial to the expansion of the P2P lending market across the globe, analysts from Technavio said. 1) said micro, small and medium-sized enterprise (MSME) lending will help fuel growth in the global peer-to-peer lending space between 2016 and 2020. ”

Lending 100

Lending Capital Management Analytics 100

SWBC's LenderHub

MAY 3, 2021

If you’re anything like me, now that we’re a solid quarter into 2021, the haze and fog of 2020 is finally starting to dissipate. Surprisingly, the lending market has not followed the same economic trend as some of the harder hit industries. In fact, we’ve seen the housing market boom since the onset of the pandemic.

Marketing 103

Marketing Lending National Trends 103

PopularBank

MAY 25, 2021

Popular Bank Senior Vice President and Director of National Healthcare Financing Andrew Boland joined fellow industry leaders for the Environmental Banker Association (EBA) panel discussion How COVID Changed Senior Living & Care Underwriting. Underwriting valuation and lending requirement strategies to shift.

National 52

National Industry Lending Strategy 52

PYMNTS

OCTOBER 16, 2020

During the first two quarters of 2020, these lenders also put more funds aside in anticipation of loan losses to come. trillion yuan ($219 billion) in profit by cutting lending rates and deferring loan repayments in an effort to assist firms. Furthermore, the Beijing government has requested that banks forfeit 1.5

Regulation 280

Regulation Lending National Marketing 280

PYMNTS

JANUARY 11, 2021

Providence, Rhode Island-based Citizens Financial Group is advancing the reach of its national point-of-sale (POS) offering for merchants, renaming it Citizens Pay, the company announced Monday (Jan. The point-of-sale lending space is a high-growth area and attracts customers that exhibit strong credit performance,” added Rostami. “We

Rhode Island 190

Rhode Island Groups National Retail 190

PYMNTS

JANUARY 25, 2021

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

United States 217

United States Regulation Payments Lending 217

PYMNTS

FEBRUARY 17, 2020

BankFinancial Equipment Finance will also continue its corporate leasing, lending, deposit and treasury management services to independent equipment lessors nationwide. Taken together, this expansion is expected to materially increase our commercial lease origination volumes during the course of 2020,” said F. BankFinancial Corp.

Illinois 131

Illinois Lending National Conference 131

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. Last week, the National Association of Realtors (NAR) reported that existing home sales decreased 26.6% million today , residential real estate activities have also been impacted.

Washington 52

Washington National Exercises Report 52

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

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

SWBC's LenderHub

DECEMBER 10, 2020

The onset and spread of COVID-19 throughout the country has caused major disruptions across nearly all industries in 2020. While we have somewhat recovered from the initial shock of job losses in the spring, mass furloughs and layoffs have negatively affected millions of Americans—between February and August 2020, our nation lost nearly 11.6

National 145

National Industry Lending 145

Abrigo

JANUARY 25, 2021

Of course, conferences have looked a little different over the past year due to the coronavirus pandemic, including Abrigo’s ThinkBIG events, which went virtual in 2020. Lending & Credit Risk. Lending & Credit Risk. SBA Lending. Drive Growth.” Accounting CPE credits will be available during ThinkBIG. Learn More.

San Antonio 195

San Antonio Conference Lending Texas 195

CFPB Monitor

APRIL 13, 2022

These concerns are often dismissed by consumer advocates with the argument that banks and credit unions will increase their small-dollar lending if other providers leave the market due to interest rate caps. Among the services examined by the GAO in the report is small-dollar lending.

Report 78

Report Lending FDIC Regulation 78

CFPB Monitor

MARCH 30, 2020

This section further extends to the National Credit Union Administration (NCUA) the authority to increase to unlimited the share insurance coverage it provides on any noninterest-bearing transaction accounts to federally insured credit unions. All such programs shall terminate not later than December 31, 2020.

Regulation 122

Regulation United States Community Bank National 122

PYMNTS

FEBRUARY 20, 2020

Chinese lenders have cut their prime lending rate to try and prop up their country’s economy, which has been ravaged by the coronavirus, according to the Financial Times on Thursday (Feb. The reduction was expected following the country’s central bank’s lowering of its medium-term lending rate earlier this week.

Lending 130

Lending Course National Strategy 130

PYMNTS

FEBRUARY 26, 2020

Andrew Watkins-Ball, the South African founder of JUMO, noted that the “next phase” of the firm will have it create new offerings and bring its business to Côte d’Ivoire and Nigeria in 2020. The company already operates in Pakistan and plans to roll out in India later this year. The firm claims to have disbursed $1.8

National 132

National Fintech Lending Operations 132

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. However, the type of loan has changed dramatically.

Report 78

Report Lending Cards National 78

PYMNTS

DECEMBER 22, 2020

“The ability to rapidly access funds is key for SME survival in uncertain times and effective delivery of embedded finance is a much-needed piece of the puzzle,” Jamie Pickering , director, structured lending, Paragon Bank, said in the announcement.

United States 174

United States Florida Resources Lending 174

Lex Sokolin

DECEMBER 25, 2019

As 2020 sneaks upon us, it’s the season for predictions and prognostications. Ethereum’s decentralized lending and trading are floating around 2,500 daily users. The lending product above is a bit more complicated. Other things like Compound are essentially a securities lending marketplace?—?you

blockchain 52

blockchain Bitcoin Software Lending 52

PYMNTS

APRIL 6, 2020

“America is still the most prosperous nation the world has ever seen.”. He added that the Fed could do more, such as “including additional lending facilities and relaxing capital and liquidity requirements to boost the system if needed.”. He also had good things to say about the Fed ’s response to the financial strains in the markets.

Strategy 159

Strategy Resources America Cards 159

FICO

AUGUST 29, 2022

Each year, we provide insight into the national average FICO ® Score to help ensure consumers have a baseline measure of credit health standing. Each year, we provide insight into the national average FICO® Score to help ensure consumers have a baseline measure of credit health standing. by Ethan Dornhelm. expand_less Back To Top.

Payments 98

Payments National San Diego Analytics 98

PYMNTS

JUNE 7, 2019

As a policy matter, we support the Bureau’s goal of ending abusive payday lending practices by nonbank lenders. The Credit Union National Association (CUNA) also said it supports the delay, however, the organization called for a delay of the entire rule. The Bureau of Consumer Financial Protection (CFPB) has delayed the Aug.

Compliance 134

Compliance Lending Policies Meeting 134

CFPB Monitor

MARCH 30, 2020

Under Section 4021, if a furnisher (for example, a financial institution that lends money to consumers) makes an accommodation with respect to one or more payments on a credit obligation or consumer account, the furnisher should continue to report the account as current if the consumer fulfills the terms of the accommodation.

Report 135

Report Study Lending National 135

CFPB Monitor

AUGUST 20, 2020

Since early June 2020 when cries for racial justice resulted in a period of social unrest in the U.S., FFIEC : On June 5, 2020, the members of the FFIEC (FDIC, OCC, Federal Reserve Board (“FRB”), CFPB, NCUA and the State Liaison Committee) issued an unprecedented statement on the importance of financial inclusion.

Regulation 78

Regulation FDIC Community Lending 78

Independent Banker

NOVEMBER 30, 2021

La Plata County commissioner Marsha Porter-Norton champions First Southwest Bank’s innovative lending. First Southwest Bank is carving out new business models to address a need for credit and financial services through nonprofit lending programs and software that leverages its community development financial institution (CDFI) funding.

Colorado 119

Colorado Community Bank Community New Mexico 119

CFPB Monitor

JANUARY 19, 2022

federal district court has granted the motions filed by the CFPB and the Consumer Financial Services Association (CFSA) to dismiss the lawsuit brought by the National Association for Latino Community Asset Builders (NALCAB). (The The CFSA had intervened in the lawsuit.)

Resources 78

Resources Compliance Lending Industry 78