CFPB Monitor

SEPTEMBER 8, 2023

The Ohio Department of Commerce, Division of Financial Institutions is amending the rules that implement the state’s Residential Mortgage Lending Act. Proposed updates will ensure the rules reflect amendments that were made to the Act in 2021. Continue Reading

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Independent Banker

APRIL 30, 2022

Loan providers share an infectious enthusiasm and growing optimism for one vertical’s prospects in 2022: commercial lending. Here’s how community bankers can take advantage of various sectors—including SBA lending—over the next 12 months. Number of applications filed to form new businesses in 2021, the most of any year on record.

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Lending Community St. Louis Community Bank 158

CFPB Monitor

JUNE 21, 2022

The Federal Financial Institutions Examination Council (FFIEC) recently announced the public availability of Home Mortgage Disclosure Act data for 2021. percent from 4,475 in 2020 to 4,338 in 2021. percent in 2021. . percent in 2021, and (2) Hispanic-White borrowers rose from 9.1 percent in 2021.

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Data Lending Compliance Regulation 78

Abrigo

MARCH 3, 2022

By leveraging their strengths in relationship lending and their access to technology in order to grow the small business loan portfolio profitably. CFIs are poised to regain the small business lending market Community Financial Institutions can leverage technology to improve customer experience and regain the small business lending market.

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Lending Community Marketing Community Bank 195

PYMNTS

SEPTEMBER 16, 2020

Facebook and French eyewear giant EssilorLuxottica are collaborating on the development of smart glasses, and plan to launch their first product, Ray-Ban branded smart glasses, in 2021, the companies announced Wednesday (Sept. There was no indication the technology he discussed would factor in the glasses to be sold in 2021.

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Conference Branding California Video 210

CFPB Monitor

MAY 16, 2022

The CFPB recently issued its annual fair lending report covering its fair lending activity in 2021. . Small business lending—assessing whether there are disparities in application, underwriting, and pricing processes, redlining, and whether there are weaknesses in fair lending-related compliance.

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Lending Report Memphis Tennessee 148

South State Correspondent

FEBRUARY 28, 2023

The current cap rate for all real estate categories is 6.06% – an increase from the 4.50% nadir reached in December 2021. The relationship between cap rates, interest rates, DSCR, and LTV are all now conspiring to make real estate lending especially perilous.

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Lending Community Bank Community National 195

Abrigo

JULY 20, 2021

From leveraging PPP technology to building relationships, reasons for boosting SBA lending are numerous. . Takeaway 1 SBA lending can expand your product offerings to help win deals with prospects and existing business customers or members. Why SBA Lending? Would you like others articles like this in your inbox? 1 and Sept.

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Lending FDIC Capital Risk Management 195

Abrigo

FEBRUARY 25, 2022

Personalized Touch with Efficient Service Can Boost Lending Banks and credit unions can boost business lending by combining a relationship focus with transaction-oriented processing. . This competition can only increase as the lending landscape continues to shift. Streamlined, Quick. Win more business loans you want.

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Lending St. Louis Community Survey 195

Gonzobanker

DECEMBER 17, 2021

Gonzo readers, 2021 was just plain schizophrenic. 2021 fintech investments, merger activities, and overall focus were off the charts. Two, read and enjoy the 2021 GonzoBanker awards, our annual take on the best things we saw during the year. So which merger was the best in 2021? Doug Larson. THE BANKER AWARDS.

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Fintech Strategy Leadership Lending 148

Abrigo

FEBRUARY 27, 2020

Key Takeaways Financial institutions who want to maintain a healthy share of business lending this year and through potentially tougher economic times ahead want to be in the best position possible before trouble hits. Abrigo's Business Lending Readiness Survey found many processes stymie those efforts. learn more.

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SWBC's LenderHub

JANUARY 7, 2021

As we usher in the first month of 2021 after a most atypical 2020, the forecast for new car sales and repossessions is looking a bit grim. There are two key indicators from their report I would like to highlight that should give us an idea of the challenges facing the auto lending industry going into 2021.

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Lending US Industry Report 127

South State Correspondent

APRIL 18, 2022

For example, 40% of JP Morgan’s commercial banking revenue is derived from fee income, and JP Morgan’s commercial banking division is composed of middle-market and commercial real estate (CRE) lending. The post Fee Income In Lending Is Crucial For Banks appeared first on SouthState Correspondent Division.

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Lending Community Bank Community Comparison 195

Jack Henry

JANUARY 8, 2021

As we look back upon 2020 it’s easy to feel as though we’ve stepped into an alternate universe. Who might have guessed, heading into the year that a health crisis would emerge and reverberate through the economic and social fabric of our world?

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Lending 148

Independent Banker

JANUARY 31, 2022

One of the harsh realities revealed by the flood of Paycheck Protection Program (PPP) money distributed in 2020 and 2021 is that many businesses and entrepreneurs in need of small-balance loans fell through the cracks. The bank partnered in early 2021 with Community LendingWorks, a Springfield, Ore., By Beth Mattson-Teig.

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Lending Community Community Bank Compliance 150

CFPB Monitor

DECEMBER 14, 2021

The CFPB has published its Fall 2021 rulemaking agenda as part of the Fall 2021 Unified Agenda of Federal Regulatory and Deregulatory Actions. Those items remained inactive throughout former Director Kraninger’s tenure and continue to be listed as inactive for purposes of the Fall 2021 agenda.

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Lending FDIC Regulation Data 78

CFPB Monitor

APRIL 13, 2022

The CFPB has issued its Fall 2021 Semi-Annual Report to Congress covering the period April 1, 2021 through September 30, 2021. Since Rohit Chopra was sworn in as CFPB Director in October 2021, the report only reflects CFPB activity under the leadership of former Acting Director Uejio.

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Report Leadership Analysis Lending 78

CB Insights

JANUARY 25, 2022

Global fintech deals and dollars reached record highs in 2021. In our State Of Fintech 2021 Report, we dive into global investment trends to spotlight takeaways including: Fintech accounted for $1 in every $5 of global venture funding. Which sector, from payments to digital lending to banking, saw the highest funding growth.

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Fintech Report Regional Trends 74

SWBC's LenderHub

SEPTEMBER 30, 2021

When it comes to understanding the auto lending industry, I’m a numbers guy. In this blog post, I’d like to share some highlights and notable KPIs from the Q2 2021 report. Data weaves the story that allows me to keep my pulse on the market and make informed business decisions.

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Trends Industry Resources Lending 78

CFPB Monitor

DECEMBER 13, 2021

The CFPB has released the Fall 2021 edition of its Supervisory Highlights. The report discusses the Bureau’s examinations in the areas of credit card account management, debt collection, deposits, fair lending, mortgage servicing, payday lending, prepaid accounts, and remittances that were completed between January 2021 and June 2021.

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Lending Cards Regulation Payments 78

CB Insights

JANUARY 25, 2022

Global fintech deals and dollars reached record highs in 2021. In our State Of Fintech 2021 Report, we dive into global investment trends to spotlight takeaways including: Fintech accounted for $1 in every $5 of global venture funding. Which sector, from payments to digital lending to banking, saw the highest funding growth.

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Fintech Report Regional Trends 68

PYMNTS

AUGUST 21, 2020

The Financial Times and Sky News reported in February that the online bank was in the works and would focus largely on savings and lending services, but Sky News added more details with the latest report. Although the bank has not confirmed the digital venture, the news outlet cited an “insider” as saying it could launch in early 2021.

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Report Digital Banking Lending Technology 173

Gonzobanker

MARCH 23, 2022

I didn’t find a lot to do in the lounge other than viewing a wall touting the bank’s blockchain accomplishments and watching a video of Chase’s eCommerce and Fintech Forum from June 2021. ” As I wrote in a recent Fintech Snark Tank article, The Coming Boom In Metaverse Lending For Banks , virtual real estate sales are skyrocketing.

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Lending Fintech blockchain Video 103

FICO

JANUARY 29, 2021

Today it gives me great pleasure to announce the winners of the 2021 FICO® Decisions Awards. . Submissions included complex optimization problems, the automation of previously manual business processes and using the power of AI and machine learning to stop fraud and improve lending. 2021 Decisions Award Winners. 2021 Judges. .

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Meeting Analytics Florida Fraud 98

PYMNTS

DECEMBER 8, 2020

In today’s top news, economists expect the economy to recover back to pre-pandemic levels by the end of 2021, and China’s banking watchdog warns of further Big Tech regulations. Plus, online lending startup SoFi is looking to go public through a SPAC. Economists: Stimulus, Vaccine Key To Full Recovery By Year-End 2021.

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San Francisco Community Bank Video Capital 130

CFPB Monitor

JUNE 10, 2022

The Federal Trade Commission provided its annual report to the Consumer Financial Protection Bureau on its enforcement and related activities in 2021 regarding the Truth in Lending Act (TILA), Consumer Leasing Act (CLA), and Electronic Fund Transfer Act (EFTA) (collectively, the “Financial Acts”).

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Report Lending Policies Training 78

SWBC's LenderHub

OCTOBER 22, 2020

What’s been going on this year in the auto lending industry? In this blog post, we’ll take a look at the top five things that have been happening in 2020 in the auto lending industry, and give you tips to help your financial institution thrive in 2021.

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Lending Industry 78

SWBC's LenderHub

OCTOBER 4, 2021

Earlier this year, industry experts released a report on the full picture of auto loan debt and trends in the country. Their research data included auto loan originations, prices, term lengths, delinquencies, and other aspects of auto debt in the U.S. Here are their most relevant findings:

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Industry Lending Trends Data 78

CB Insights

JUNE 21, 2021

Future of Fintech 2021 (October 5-6, NYC) will provide updates on this activity and in-depth analysis on important trends driving financial services. Global lending marketplaces. The post 17 Key Trends Covered At Future Of Fintech 2021 appeared first on CB Insights Research. New niche & community-focused banks.

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Trends Fintech Lending Analysis 74

The Paypers

AUGUST 16, 2022

The Reserve Bank of India (RBI) has released, on 10 August 2022, its regulatory framework for digital lending, following recommendations put forward by the digital lending working group in November 2021.

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Lending Groups 68

Gonzobanker

AUGUST 18, 2021

In our annual What’s Going On in Banking survey, Cornerstone asked executives at mid-size banks and credit unions, “What new products or services does your institution plan to launch in 2021?”. Don’t miss my upcoming webinar with Newgen Software: The post What’s a Digital Lending Ecosystem and Why Should Banks Care?

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Lending Survey Industry Software 178

SWBC's LenderHub

JANUARY 24, 2022

Semiconductor supply chain issues caused major headaches for auto lenders throughout 2021 and vehicle production continues to suffer into 2022. In this blog post, we’ll take a deep dive into how demand for computer chips is expected to impact auto sales in the coming months.

Lending 148

Lending 148

Independent Banker

OCTOBER 31, 2021

Offering digital lending isn’t about the bells and whistles. started developing its digital lending platform about three years ago—and the bank is really glad it did. “I’m Community bankers are increasingly recognizing that the future of digital lending is here. Illustration by Out of the box/Stocksy. By Beth Mattson-Teig.

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Lending Community Bank Community North Dakota 91

Perficient

MARCH 19, 2021

The funding round was opened prior to ECIP on February 25, 2021. Emergency Support and Minority Lending Program: a $1.75 billion program to expand lending, grant making, or investment activity in low/moderate-income minority communities. billion set aside for a new category of CDFIs, “Minority Lending Institutions” or (MLIs).

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Community Capital Lending US 309

The Financial Brand

MAY 24, 2021

The post How Financial Institutions Can Fire Up Their Lending Engine in 2021 appeared first on The Financial Brand. By adopting current marketing methods, forming partnerships and offering credit that consumers want most, lenders can grow their portfolios.

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Lending Branding Marketing Marketing Strategies 41

Abrigo

OCTOBER 21, 2021

Takeaway 3 Exploring lending opportunities and examining loan and deposit pricing are among steps that make sense while awaiting a Fed rate hike. Chairman Powell indicated that this action would likely be tapered in the final quarter of 2021 with a formal announcement expected later this quarter. for August 2021, up 4.3%

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Lending Strategy Trends Marketing 195

Abrigo

SEPTEMBER 13, 2021

Banking Trends from the FDIC's 2Q Report Net interest margin reached a new record low, but positive signs emerged in lending. You might also like this webinar: "The Basics of Consumer Lending." Here are seven highlights from the quarter ended June 30, 2021: . trillion as of June 2021. 27% in June 2021.

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FDIC Lending Capital Trends 195