Abrigo

MAY 22, 2024

Recent stats and dynamics of the small business lending market Understanding the small business lending landscape and potential efficiencies can help banks and credit unions grow their portfolios. You might also like this guide for smarter, faster small business lending. Record new business formation and a wider gap between U.S.

Lending 195

Lending St. Louis Community Marketing 195

Independent Banker

NOVEMBER 30, 2022

When it comes to supporting outliers in the Las Vegas community, Lexicon Bank knows how to play its cards. Lexicon Bank didn’t wait long to make a splash, sponsoring the 2021 World Series of Poker. But the fundamental risk management in the bank’s professional poker program is old-fashioned Know Your Customer, done by people.

Las Vegas 129

Las Vegas Community Bank Community Wisconsin 129

CFPB Monitor

NOVEMBER 10, 2020

LIBOR, which many creditors currently use as the index for calculating the interest rate on credit cards and other variable-rate consumer credit products, is expected to be discontinued sometime after 2021. In July 2020, the Federal Financial Institutions Examination Council issued a “ Joint Statement on Managing the LIBOR Transition.”

Regulation 78

Regulation FDIC New York Lending 78

FICO

JUNE 1, 2023

Trends in the macro environment are seen throughout the credit card industry Rising prices, increases in the cost of securing and carrying debt, and the fear of higher unemployment rates are trickling through to consumer behavior on credit cards. Credit card lenders are not only dealing with higher loss forecasts in 2023.

Trends 52

Trends Industry US Cards 52

FICO

FEBRUARY 21, 2023

from November 2021 to November 2022) and the unemployment rate is expected to rise to 4.6% Increasing of the fed funding rates leads to higher interest rates when seeking new credit or carrying balances on credit cards. compared to December 2021 with average monthly spend staying flat. according to the Federal Reserve forecasts.

Trends 52

Trends Industry US Cards 52

South State Correspondent

JANUARY 4, 2023

Popular projects for 2023 include online loan and deposit onboarding utilizing third-party data to speed the process, compliance-as-a-service, payments, card controls, service case management, leveraging data for customer insights, and providing open banking APIs to customers. on the dollar due to higher credit risk.

Community Bank 195

Community Bank Capital Lending Training 195

Independent Banker

DECEMBER 31, 2021

If 2020 was the year no one expected, 2021 was a year of resetting expectations. Between a smoldering pandemic, the divisive political landscape and strong, albeit uneven, growth, there was a lot to account for in 2021, and some uncertainty remains. Illustration By blindSALIDA. What changes will 2022 bring? Click to enlarge.

Community Bank 144

Community Bank Community Lending Louisiana 144

Gonzobanker

DECEMBER 22, 2020

Financial institutions went from having no PPP lending program at all to funding their first loan in 90 days – and this with literally last-minute regulatory guidance. Expect more cost-driven MOEs in 2021! Best Use of Card Rewards for Seat Upgrades We saw a Great Dane in the Comfort Plus section of the plane.

Idaho 170

Idaho Community Industry Strategy 170

Independent Banker

MAY 31, 2022

trillion globally by 2025, according to research agency Cybersecurity Ventures, and the Association of Certified Fraud Examiners said that 77% of anti-fraud experts reported they had seen more fraud between May and August 2021. Cybercrime could cost $10.5 But there’s plenty community banks can do to meet this challenge.

Community Bank 134

Community Bank Community Fraud Texas 134

Abrigo

NOVEMBER 22, 2021

Consumer Lending Laws & Compliance Financial institutions offering consumer loans need to know about these major consumer lending laws and recent compliance issues. You might also like this webinar, "Consumer Lending 101.". Consumer lending compliance spotlight. Pandemic Issues.

Compliance 195

Compliance Lending Risk Management Regulation 195

Abrigo

SEPTEMBER 20, 2021

Data collection for small business lenders Financial institutions, fintech companies, and other small business lenders will need to begin collecting a wide array of small business lending data under the Consumer Financial Protection Board’s (CFPB) proposed small business lending data collection rule. Proposal Issued. securities credit.

Lending 195

Lending Data Compliance Regulation 195

FICO

DECEMBER 15, 2021

This data can be used by all areas of the bank that interact with customers, from marketing and customer service to risk management and collections. BNPL (buy now, pay later) will continue its rapid expansion in 2022 from its current position, where transactions values are expected to exceed £6 billion in 2021 in the UK alone.

Lending 52

Lending Data Risk Management Regulation 52

Perficient

MAY 17, 2022

It seems like everyone in 2021 took out a loan on a new car, even though we all knew supplies were low and demand was high. hit a record $734bn in 2021, according to data from the Federal Reserve Bank of New York. 2021 was a mix of constrained inventory and pent-up demand. It really is a mixed up, muddled up, shook up world.

Strategy 294

Strategy Customer Experience Study Technology 294

CFPB Monitor

NOVEMBER 22, 2022

The report was issued in response to President Biden’s July 2021 Executive Order on promoting competition. The report attributes the risk that such schemes will arise to bank/fintech relationships that “lack proper regulatory oversight or principles for responsible lending.”

Fintech 78

Fintech Report Data Lending 78

FICO

JANUARY 27, 2022

The most popular posts in our Customer Development category dealt with credit card payments, open banking, trends for financial services and small business lending — as well as FICO’s listing as a top risk management firm. The Impact of Covid-19 on Credit Card Payments . Here are extracts from those posts.

Analytics 52

Analytics US Trends Data 52

Independent Banker

JUNE 30, 2022

But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. Here, we highlight some of last year’s most successful loan producers in the areas of agriculture, commercial and consumer/mortgage lending. By Ed Avis.

Community Bank 172

Community Bank Community National Philadelphia 172

Abrigo

NOVEMBER 29, 2021

Financial institutions generate most of their income by lending and investment activities. Finally, banking alternatives such as Chime-Spot Me, an app offering to cover debit card purchases and cash advances that overdraw the account from $20 to $200 without an overdraft fee, have become more competitive. Portfolio Risk & CECL.

Community Bank 195

Community Bank Community FDIC Trends 195

South State Correspondent

MAY 13, 2024

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. More states require greater disclosure and control over what banks and card processors can charge.

Conference 195

Conference Payments Fraud Data 195

Gonzobanker

DECEMBER 14, 2023

Nearly 2 million customers and $20 billion in deposits since entering the country with a digital bank in 2021. November alone had $8B in BNPL volume and Affirm has managed to come back from the Fintech Winter with a bang. The Champion Becomes a Challenger Award – JPMorgan Chase for Chase U.K. This award must go to the Federal Reserve.

Fintech 194

Fintech Community Regional Technology 194

CFPB Monitor

MAY 3, 2021

As discussed in our earlier bl og , the Senate Banking, Housing and Urban Affairs Committee held a hearing on April 28, 2021 entitled “The Reemergence of Rent-a-Bank?”. Since the non-bank entity frequently is a fintech, these arrangements often are referred to as bank-fintech partnerships or marketplace lending arrangements.

North Carolina 60

North Carolina Lending National District of Columbia 60