PYMNTS

DECEMBER 10, 2016

Two years ago today, Lending Club was ringing the bell on an IPO that one early investor called “a no-brainer.”. Lending Club’s model does not need bank branches on each street corner, and it can turn around in minutes and hours, not days. “I So what went so right for LendingClub two years ago today at its IPO — and then so wrong?

Lending 100

Lending Compliance Capital Marketing 100

PYMNTS

APRIL 10, 2017

The lead regulator for U.S. The Office of the Comptroller of the Currency accused Wells Fargo of an “extensive and pervasive pattern” of discriminatory and illegal lending practices for years. The OCC also lowered its overall score of Wells Fargo’s compliance with community banking laws to “needs to improve.”.

Regulation 100

Regulation California Community Bank Cards 100

American Banker

NOVEMBER 8, 2023

Citigroup didn't admit any wrongdoing in its settlement of allegations by regulators that employees denied credit cards to people in Southern California suspected of being of Armenian origin.

California 77

California Regulation Cards Compliance 77

CFPB Monitor

DECEMBER 5, 2018

Companies providing such financing are not required to comply with the new disclosure requirements until the DBO’s final regulations become effective. The DBO’s invitation provides an important opportunity for providers of commercial financing products to engage with and educate the DBO as it develops proposed regulations.

Regulation 74

Regulation CA Policies Examples 74

PYMNTS

APRIL 8, 2020

The Federal Reserve Board said on Wednesday (April 8) that they will temporarily and narrowly modify the growth limits placed on the California financial services company due to what they called “extraordinary disruptions” caused by the coronavirus. Wells Fargo is getting a break thanks to the COVID-19 pandemic.

Maine 140

Maine Lending California Compliance 140

American Banker

AUGUST 2, 2023

The Department of Housing and Urban Development is reviewing HSBC's lending practices in certain majority Black and Hispanic neighborhoods, the bank disclosed. The regions under scrutiny include New York, Seattle and several parts of California, according to the nonprofit organization whose complaint prompted the investigation.

Seattle 69

Seattle New York California Regional 69

American Banker

MAY 9, 2016

State officials in California have asked top online lending firms a series of probing questions regarding their compliance with laws and regulations dealing with referral fees, bank partnerships, fair lending and other sensitive issues.

Regulation 28

Regulation Online California Lending 28

PYMNTS

APRIL 25, 2017

The charter is optional for FinTechs and is aimed at providing a stamp of approval by the OCC for having good compliance practices. Other concerns are that the OCC doesn’t understand FinTech and therefore shouldn’t regulate it. Among the states that have issue with it are New York, Florida, Ohio and California.

Fintech 109

Fintech Ohio Florida Oregon 109

PYMNTS

MARCH 30, 2020

He pointed to features that lend themselves well to banking on mobile devices. Security is also top of mind for CUs as amendments to California data privacy laws may effectively insulate these FIs from penalties tied to data breaches, owing to CUs’ non-profit status.

Tools 143

Tools Fraud Data Security 143

CFPB Monitor

OCTOBER 4, 2022

A previous version of these procedures referenced the Regulation Z definition of “private education loans” which differs from the Truth in Lending Act definition. In 2019, California enacted a law that prohibits postsecondary schools from withholding transcripts as a debt collection tool.).

Policies 146

Policies Compliance Payments Training 146

American Banker

DECEMBER 3, 2023

Maxine Waters pressed executives from City National Bank, PNC Financial Services and Wells Fargo on opening branches in her California district and upholding promises made from recent merger agreements or consent orders.

California 73

California National Policies Compliance 73

Independent Banker

FEBRUARY 24, 2016

Regulators warn once again about rising CRE concentrations and risks. A whopping 95 percent of ICBA members are active commercial real estate (CRE) lenders, according to the latest ICBA Community Bank Lending Survey. He adds that regulators and bank management need to act to prevent those risks from becoming reality. “We

Community Bank 70

Community Bank Lending Community Regulation 70

PYMNTS

SEPTEMBER 25, 2020

MineralTree bought Atlanta-based Regal Software and California FinTech Inspyrus. Money transfer organizations have to remain in compliance with regulations or they will encounter sizable penalties or let crime spread. Massachusetts-based accounts payable (AP) automation technology firm MineralTree Inc. Trackers And Reports.

Maine 153

Maine social media Atlanta Massachusetts 153

Independent Banker

DECEMBER 31, 2021

Regulators haven’t yet broached the subject with them. That’s followed by residential mortgage lending (36.3%), small business lending (32.1%), commercial and industrial (C&I) lending (30%) and agricultural lending (23.6%). Planning for increased compliance costs. Addressing ESG is one thing,” she says.

Community Bank 144

Community Bank Community Lending Louisiana 144

American Banker

JUNE 13, 2022

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California 69

California Lending Compliance Regulation 69

Independent Banker

DECEMBER 29, 2015

ICBA warns of risks of online marketplace lending models. Online marketplace lenders are a new form of nonbank specialty lending that uses technology platforms to allow Wall Street and individual investors to directly fund loans to consumers and small businesses. Lend exclusively over online peer-to-peer platforms.

San Francisco 70

San Francisco Lending New York City Online 70

American Banker

DECEMBER 15, 2021

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California 72

California Compliance Lending Regulation 72

American Banker

JANUARY 24, 2023

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California 76

California Policies Compliance Lending 76

American Banker

MAY 16, 2022

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California 72

California FDIC Policies Compliance 72

American Banker

MARCH 10, 2022

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California 69

California Compliance Lending Regulation 69

American Banker

DECEMBER 20, 2019

The state has proposed a law to cap the interest rate on certain consumer loans, but nonbanks aim to skirt it by seeking a rent-a-charter.

California 56

California FDIC Lending Compliance 56

Independent Banker

SEPTEMBER 21, 2015

Under the right circumstances, providing residential mortgages that fall outside of the new federal Qualified Mortgage definition could help a community bank grow its lending, some community bankers say. a $613 million-asset community bank serving central and northern Wisconsin that engages in non-QM lending. Still holding back.

Community Bank 70

Community Bank Lending Community Survey 70

Jeff For Banks

DECEMBER 16, 2022

Communities First Financial Corporation (OTCQX: CFST) Communities First Financial Corporation is the bank holding company for Fresno First Bank , which opened in December 2005 dedicated to meeting the banking needs of businesses, professionals, and successful individuals in Central California. and Puerto Rico banking laws and regulations.

Puerto Rico 78

Puerto Rico Virgin Islands Community Community Bank 78

American Banker

JULY 24, 2020

Similar to a law passed two years ago in California, legislation headed to the New York governor’s desk would require fintech and other nonbank lenders to uniformly disclose total cost of capital, APR and other metrics to potential borrowers.

New York 65

New York California Capital Fintech 65

Gonzobanker

DECEMBER 17, 2021

Union has been a stalwart of the California marketplace since the ’50s, and this gives Andy Cecere and team a great expansion into the Golden State and also some nice wholesale banking business. We salute a legend of lending and credit union leadership. However, we had to give the best acquisition award to U.S.

Fintech 147

Fintech Strategy Leadership Lending 147

American Banker

FEBRUARY 2, 2023

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California 40

California Lending Compliance Regulation 40

Gonzobanker

JANUARY 17, 2020

For execs who climbed the ladder in finance, lending or branches, buckle in because the techies are about to steal the show. Banks are most afraid of big tech, just when these players face regulation. However, between anti-trust regulations, algorithm investigations and states focused on privacy (e.g.,

Customer Experience 127

Customer Experience Fintech Regional Cards 127

Independent Banker

AUGUST 26, 2015

Legally and operationally, digital John Hancocks come of age in lending. Electronic signatures “absolutely” have helped PrivatePlus Mortgage expand its residential mortgage lending reach nationwide, says Lia Webster. Howard Schneider is a financial writer in California. By Howard Schneider. The process can begin much faster.”.

San Francisco 70

San Francisco Lending System Atlanta 70

Abrigo

SEPTEMBER 14, 2022

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. Those implementing regulations were coming. Controversial Provisions.

Lending 195

Lending Data Regulation Community 195

PYMNTS

JANUARY 3, 2020

In today’s top payments news, Apple’s share price hit a record high above $300 on Thursday, “buy now, pay later” company Sezzle was denied a lending license from California and a European Central Bank policymaker urged area banks to seek alternatives to Libra. CA Denies Lending License For BNPL Firm Sezzle.

CA 130

CA Lending South Dakota Apple 130

Fintech Labs Insights

SEPTEMBER 10, 2015

The total included mega-rounds of $30+ million to three lending plays: FundBox ($50 mil), CommonBond ($35 mil), Orchard Platform ($30 million) and one financial-institution-supported blockchain startup: Chain ($35 mil). HQ: San Francisco, California. HQ: San Francisco, California. Powering marketplace lending.

San Francisco 12

San Francisco New York City Company Fintech 12

Fintech Labs Insights

JUNE 18, 2015

Finovate alum, Azimo landed the biggest round outside the lending sector, $20 million at a $100 million valuation. P2P mortgage lending. HQ: San Francisco, California. HQ: San Francisco, California. Compliance & risk-management technology. HQ: Mountain View, California. Year-to-date, $7.7 LendInvest.

San Francisco 12

San Francisco Company Fintech Albuquerque 12

Fintech Labs Insights

JANUARY 7, 2016

Social media financial compliance specialist Gremln raised $1.4 HQ: Oakland, California. HQ: Laguna Hills, California. Social media management & compliance for financial institutions . HQ: Trieste, Tags: SMB, credit, lending, trade financing, underwriting, commerce. One Finovate alum added cash at year-end:

St. Louis 12

St. Louis social media Company Fintech 12

Fintech Labs Insights

APRIL 4, 2016

HQ: California. HQ: California City, California. HQ: California. HQ: San Francisco, California. Tags: Consumer, lending, deposits, loans, payments, banking, underbanked, non-banked. Total raised: $136.7 Source: FT Partners. Figtree Financing. Latest round: $30 million Series A. Total raised: $30 million.

New York City 12

New York City Company Fintech California 12

Fintech Labs Insights

SEPTEMBER 25, 2015

HQ: San Francisco, California. Auto lending marketplace lender. HQ: San Francisco, California. HQ: San Jose, California. Mobile P2P lending platform. HQ: Santa Monica, California. Tags: Enterprise, security, regulations, compliance, fraud protection. Total raised: $135 million. CoverHound.

San Francisco 12

San Francisco Company Fintech San Jose 12

American Banker

SEPTEMBER 9, 2016

Marketplace lenders that have partnered with banks face more scrutiny after a federal judge in California handed a legal victory last week to the Consumer Financial Protection Bureau.

California 28

California Compliance Lending Regulation 28

Gonzobanker

DECEMBER 19, 2017

Heavy-handed regulators. Seriously, sit back with a pocket flask of Pappy Van Winkle, smoke a cigar (or your combustible of choice if you live in Colorado, California, Washington, Oregon, Nevada, Main or Massachusetts) and enjoy the 2017 GonzoBanker Awards. The Real “Lending” Stock Award – Goes to longtime player LendingTree.

Conference 101

Conference Industry Community Bank Community 101