The Financial Brand

OCTOBER 25, 2023

This article How Bank of America Plans to Get a Jump-Start on EV Lending appeared first on The Financial Brand. This article How Bank of America Plans to Get a Jump-Start on EV Lending appeared first on The Financial Brand.

America 33

America Lending Branding Banking Trends 33

Abrigo

JUNE 12, 2020

Key Takeaways The soon-to-begin Main Street Lending Program (MSLP) aims to fulfill a need for mid-sized businesses to access relief funds amid the coronavirus pandemic. The MSLP aims to be a lifeline for businesses that may have been too big to participate in the PPP, but too small to access corporate lending facilities. learn more.

Maine 195

Maine Lending Regulation Resources 195

CFPB Monitor

AUGUST 23, 2023

The CFPB has filed its opposition to the motion for a preliminary injunction filed by the intervenors in the Texas federal court lawsuit challenging the CFPB’s final small business lending rule (Rule). The intervenors are several credit unions, community banks, and credit union and community bank trade associations. Continue Reading

Texas 78

Texas Lending Community Bank Community 78

American Banker

OCTOBER 8, 2020

Bank of America plans to offer some of its customers access to short-term loans, the latest blow to the payday lending industry.

America 85

America Lending Industry Report 85

PYMNTS

OCTOBER 15, 2020

Morgan, Citi, Wells Fargo, Bank of America and Goldman (where consumer deposits stood at $96 billion in the latest tally, up $4 billion in the quarter) have shown variations on a theme: We’re emerging from what seems (so far) to be a nadir seen earlier in the year. That may be stretching things. We’re seeing that across the franchise.”.

America 171

America Cards Mobile Management 171

CFPB Monitor

AUGUST 7, 2023

Texas First Bank (Texas First), Independent Bankers Association of Texas (IBAT), and Independent Community Bankers of America (ICBA) (collectively, Proposed Intervenors) have filed an unopposed motion seeking leave from the court to intervene in the lawsuit challenging the CFPB’s final small business lending rule (Rule).

Community Bank 78

Community Bank Texas Community Lending 78

PYMNTS

NOVEMBER 2, 2020

In today’s top news in digital-first banking, BlockCard is teaming with peer-to-peer (P2P) bitcoin marketplace Paxful for a new crypto debit card, while the Federal Reserve Board has modified the terms of its Main Street Lending Program (MSLP). Fed Adjusts Main Street Lending Terms to Help Small Businesses.

Maine 148

Maine Lending Cards Bitcoin 148

Banking Exchange

MAY 26, 2021

The banking giants have fulfilled pledges made last year to boost investment in minority-owned banks and businesses Retail Banking Duties Lines of Business Feature Business Credit Financial Trends Feature3 Fair Lending Diversity Socially Responsible Investing.

America 167

America Lending Trends Retail 167

Bank Innovation

JULY 16, 2018

Bank of America will invest about $75 million per quarter in technology from now through the rest of 2019, the bank reported in its earnings call today.

America 247

America Technology Innovation Report 247

CFPB Monitor

AUGUST 3, 2023

Yesterday, we published a blog post in which I urged the CFPB to agree to extend the relief granted by the Texas federal district court in the lawsuit challenging the CFPB’s final small business lending rule (Rule) to all entities covered by the Rule. Continue Reading

Texas 78

Texas Lending FDIC Compliance 78

Bobsguide

APRIL 21, 2022

Finastra appoints Isabel Fernandez to accelerate lending business growth. Company welcomes Isabel to the Finastra leadership team, as EVP, Lending Business Unit. Other roles include President & CEO Global Bank Loans at GE Capital Americas and Head of Enterprise Clients. I’m looking forward to getting stuck in.”. Paddington.

Lending 109

Lending Leadership Community Software 109

PYMNTS

OCTOBER 15, 2020

Morgan, Citi, Wells Fargo, Bank of America and Goldman (where consumer deposits stood at $96 billion in the latest tally, up $4 billion in the quarter) have shown variations on a theme: We’re emerging from what seems (so far) to be a nadir seen earlier in the year. That may be stretching things. We’re seeing that across the franchise.”.

America 220

America Cards Mobile Management 220

Abrigo

FEBRUARY 14, 2024

Find commercial real estate risks in the loan portfolio Sound risk management practices in commercial real estate lending help lenders manage CRE credit losses and protect the portfolio's profitability. You might also like this podcast, "How to sleep easier at night about your capital and risk levels." Stay up to date with CRE advice.

Risk Management 195

Risk Management Management Lending Capital 195

Bank Innovation

JULY 28, 2016

Bank of America last Tuesday introduced version 7.0.0 Bank of America is believed to be one of the few financial institutions to offer consumers unfettered access to their credit Read More. of its iPhone mobile app, and it was noteworthy largely because of one new feature: it gives consumers access to their credit scores.

America 150

America Mobile Cards Lending 150

PYMNTS

FEBRUARY 15, 2018

Amazon is partnering with Bank of America Merrill Lynch to expand its lending program for small businesses. Amazon Lending is an invitation-only program that offers loans of $1,000 to $750,000, with terms of up to a year, for companies that might have issues getting traditional business loans.

Lending 103

Lending America Google Report 103

Bank Innovation

MAY 4, 2016

In America, data from the Institute of Women’s Policy Research suggests roughly 29 percent of small business owners are women. In Australia the stats are similar, with just over a third of small businesses estimated to be run by… Read more Are ‘Mumpreneurs’ an untapped market niche for SME lending?

Lending 150

Lending Marketing America Policies 150

CFPB Monitor

AUGUST 16, 2023

Two new developments occurred yesterday in the Texas lawsuit challenging the CFPB’s final small business lending rule (Rule). Continue Reading

Texas 78

Texas Community Community Bank Lending 78

Bank Innovation

JULY 8, 2019

At Bank of America’s auto division, preserving a personal touch is key to engaging with both consumers, according to Duane Freeman, the bank’s senior vice president of consumer vehicle lending and national sales executive. “In

Lending 186

Lending National Operations America 186

PYMNTS

OCTOBER 4, 2019

As Mark Rockefeller, co-founder and chief executive officer of small business lending-as-a-service provider StreetShares , told PYMNTS in a recent interview, that pressure to digitize expands to credit unions and community banks in their SMB lending offerings, too, and do it profitably. “This is an extraordinary thing. .”

Lending 152

Lending Community Bank US Community 152

PYMNTS

JUNE 15, 2016

Bank of America Chief Executive Brian Moynihan is speaking publicly about the potential negative implications of bank stress tests. Reports by The Wall Street Journal this week said the executive is warning that stress tests could force financial institutions to tighten their purse strings when it comes to lending.

Lending 100

Lending America Capital Conference 100

Accenture

APRIL 13, 2016

A recent Accenture survey reveals a paradox in home equity lending in North America. While 92 percent of consumers do some research when applying for a home equity loan, borrowers are still confused about critical loan characteristics. The survey findings. Read more.

Customer Experience 150

Customer Experience Lending Survey America 150

Bank Innovation

AUGUST 2, 2016

A new video from Bank of America shows a tool called Home Loan Navigator that allows borrowers to manage the mortgage process via mobile — sort of. It shows a happy couple watching the stages of their loan process on a tablet (spoiler: it’s approved). One part of the video Read More.

Video 150

Video America Mobile Tools 150

PYMNTS

JUNE 21, 2017

Small business lending platform Nav announced Tuesday (June 20) that Visa Head of Global Small Business Janet Zablock is joining its board as an independent member. “Small businesses have traditionally struggled to navigate an increasingly complex lending process,” Zablock said in another statement.

Lending 100

Lending America Capital Security 100

PYMNTS

NOVEMBER 7, 2016

The stakes are high for businesses of all sizes, and the latest data on corporates in America makes that abundantly clear. It’s one day to election day in the U.S., and as always, national economic issues are at the top of voters’ minds. We share all the details below. That amounts to $28.9

America 186

America Fintech National Strategy 186

CB Insights

JANUARY 27, 2022

Creditas , a digital lending platform, has raised $260M in a Series F round that drew participation from SoftBank Group, VEF, Fidelity Investments, Lightrock, and Wellington Management, among others. For Its Secured Lending Platform For Latin America. HOW’S THE COMPANY PERFORMING? Creditas currently employs over 4.2K

America 60

America Lending Security Fintech 60

PYMNTS

FEBRUARY 7, 2019

Bank of America paid an 18.6 While FIs vowed to use those savings for a variety of measures, such as increasing small business lending, reports said lending growth has actually slowed since the implementation of the tax reform. Overall, the top banks saw lending grow by 2.3 Reports in Bloomberg on Wednesday (Feb.

Taxes 122

Taxes Lending National New York 122

PYMNTS

NOVEMBER 27, 2018

Yet, the small business lending gap remains. In a new report, PayNet and financial research firm Raddon examined the state of small business lending in the U.S. ” Banks have not invested in their small business lending operations to improve the process for the borrower, though.

Lending 159

Lending Fintech Capital Report 159

PYMNTS

APRIL 17, 2018

Interest rates plummeted as the Fed held the federal funds rate at zero in the hopes of stimulating lending in an environment where credit went from dangerously free-flowing to dangerously non-existent in the span of a few months. The New Subprime Lending Path. Citigroup’s auto lending unit has been nearly entirely sold off.

Lending 137

Lending Examples America Metro 137

Abrigo

NOVEMBER 21, 2014

Now that banks have filed their third quarter financial reports , what did the lending picture look like last quarter? However, Q3 commercial lending is down from the beginning of 2014 (quarter ending 3/31/2014) by about $67 billion. Specifically for businesses, are commercial loans on the rise? Nationally, the picture is a fine one.

Lending 186

Lending South Carolina Miami Community Bank 186

BankInovation

SEPTEMBER 16, 2022

Banks including Goldman Sachs Group Inc. and Citigroup Inc. are stepping in with loans as Latin American startups face shrinking public valuations that make equity sales less attractive.

America 52

America Lending Groups Fintech 52

CFPB Monitor

MAY 10, 2023

Supreme Court seeking reversal of the Fifth Circuit panel decision in Community Financial Services Association of America Ltd. Constitution and, as a remedy for the constitutional violation, vacated the CFPB’s payday lending rule (Payday Rule). Continue Reading

America 130

America Lending Community 130

CB Insights

FEBRUARY 20, 2020

In 6 years, Latin America (LatAm) fintech funding has grown from less than $50M to top $2.1B In this brief, we discuss the key macroeconomic drivers that help explain why the Latin America fintech ecosystem has remained strong despite uncertain market factors. ” The post Latin America Is Suddenly Fintech’s Hottest Market.

America 96

America Marketing Fintech Regional 96

CB Insights

DECEMBER 10, 2020

Bank of America and the traditional banking system is being disrupted across a wide variety of core revenue streams. . Bank of America, for one, saw profits drop 16% year-over-year (YoY) in Q3’20 to $4.9B. Consumer deposits and savings are the bread and butter of any traditional bank, and Bank of America is no exception.

America 101

America Lending Cards San Francisco 101

Bank Innovation

MARCH 28, 2016

Joan Kuehl, who is the online lender’s first CIO, has extensive experience, having worked at Travelers and Bank of America — so it deserves notice when her first pronouncements Read More. Elevate Credit Inc., which is pining to get to an IPO, today announced that it hired a new chief information officer.

Big Data 150

Big Data Online Lending Data 150

Let's Talk Payments

JUNE 3, 2017

The lending business, however, appears to be among the most promising, especially in the United States, where the aggregate household debt. Opportunities in various FinTech segments are known to differ.

Lending 107

Lending United States Fintech America 107

PYMNTS

APRIL 6, 2020

Rifkin Weiner Livingston LLC has filed an amended complaint against Bank of America (BoA) for allegedly giving its lending clients a higher priority and denying or limiting access to the Paycheck Protection Program (PPP) to its depository clients and other small firms, according to a press release.

America 237

America Lending Policies Cards 237

CFPB Monitor

AUGUST 17, 2023

Continue Reading

Texas 78

Texas Community Bank Community Lending 78