PYMNTS

JANUARY 22, 2021

India's central bank wants stricter regulations for big shadow lenders, according to a new report from Bloomberg. One proposition is a 9 percent core capital requirement on the top tier, akin to banks. The paper comes after a speech by a top RBI official in charge of banking regulation, Bloomberg writes.

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Regulation Capital Lending Groups 272

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.

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Maine Lending Regulation Resources 195

PYMNTS

JANUARY 2, 2019

The report, citing research firm Yingcan Group, reported that a crackdown by the China government caused the decline in peer-to-peer lenders. The P2P lending market in China has been rife with scams and controversy for some time now. According to Yingcan Group, by the end of 2019, there will only be 300 P2P lenders remaining.

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Lending Marketing Regulation Groups 153

PYMNTS

NOVEMBER 4, 2020

China’s move to suspend Ant Group’s anticipated blockbuster initial public offering (IPO) likely came from the top echelon of the Chinese government, according to a report in the Financial Times. The suspension came just two days before shares of Ant Group were to go live on the Hong Kong and Shanghai stock markets. A collective $2.7

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Lending Groups Regulation Marketing 240

BankUnderground

APRIL 28, 2023

This post investigates whether large and small banks in the UK and US differ in the cyclical patterns of capital positions and credit provision. The reforms aimed to ensure that banks have sufficient capital resources to absorb losses and reduce the cyclical effects of bank capital (and regulation) on the supply of bank credit in stress.

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Capital Lending US Data 78

PYMNTS

OCTOBER 24, 2019

Bloomberg is reporting that lending companies that don’t get deposits, like Tala, which is backed by Alphabet, and Branch International, which is funded by Andreessen Horowitz, don’t get supervised by the central bank. The effort to lower rates has caused some banks to pull back on high-risk small business lending, the industry has said.

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South State Correspondent

AUGUST 21, 2023

The three risks are: 1) rising funding costs to erode profitability, 2) reduced capital at small banks compared to larger banks, and 3) elevated commercial real estate (CRE) credit risks. The graph below shows net interest margin (NIM) for three asset-sized bank groups.

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Community Bank Community Capital Analysis 195

PYMNTS

SEPTEMBER 3, 2019

regulations have been working to elevate business banking competition and expand access to capital for corporate and SMB borrowers, but the latest reports from the government suggest those efforts are falling short. billion decline in net lending to companies in the month driven by the $2.43 31) said the central bank found a $5.1

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PYMNTS

OCTOBER 12, 2020

regulators cracked down on the firm Oct. regulators not coming as a surprise. The round was led by Blockchain Capital, Standard Crypto, Blockchain.com Ventures and more. Mishra said he’d already been seeing the “Wild West”-like nature of the crypto derivatives space, with the new activity from U.S.

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Bitcoin Compliance Lending Regulation 261

Bank Innovation

APRIL 8, 2016

Marketplace lenders Funding Circle, Lending Club and Prosper announced Wednesday the formation of the Marketplace Lending Association, a nonprofit organization that will “promote responsible business practices and sound public policy to benefit borrowers and investors.”

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Groups Regulation Lending Policies 150

Abrigo

JUNE 5, 2023

Banking reports to inform risk management and strategy These reports on capital, growth, and liquidity help financial institutions spot warning signs. Takeaway 2 Reports that assess capital, growth, and liquidity provide banking professionals data to drive decisions. Regulators review them to assess safety and soundness.

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Report Risk Management Capital Data 195

PYMNTS

MARCH 12, 2020

But the latest initiatives reveal a growing interest in transforming internal processes, particularly among smaller banks looking to upgrade their core infrastructure and elevate small business lending operations. Equiniti Eyes APIs for Risk Management. FirstBank Taps Finxact for Core Infrastructure. Yes Bank Woes See API Disruption.

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Lending Risk Management Fintech Community 194

PYMNTS

NOVEMBER 23, 2020

A working group within the central bank is also mulling over whether to allow industrial conglomerates to set up banking units, according to Reuters. 20), the working group recommended regulatory changes that would allow industrial groups to hold larger stakes in lenders, marking a significant policy shift for the central bank.

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Groups Regulation Lending Industry 244

PYMNTS

NOVEMBER 26, 2020

With regulators cracking down in China, FinTech leaders are scrambling for capital and trying to plan their futures, Bloomberg reported Wednesday (Nov. And those lending in multiple provinces would have to have 5 billion yuan in registered capital at a minimum.

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PYMNTS

NOVEMBER 11, 2020

The State Administration for Market Regulation — China’s regulator — said on Tuesday (Nov. Alibaba has about a 33 percent stake in Ant Group. The decree from Chinese regulators followed the suspension of Ant’s initial public offering (IPO) in Shanghai and Hong Kong. The news sent Alibaba shares down more than 7 percent.

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Regulation Marketing Groups Lending 207

PYMNTS

MAY 8, 2020

The poll was conducted by a San Francisco-based advocacy group called Small Business Majority, and its CEO John Arensmeyer has been a proponent of community grants that exist outside of the formal banking system that has controlled government aid up to this point. Most small businesses don’t have a lending relationship with a bank.

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Maine Groups San Francisco Lending 142

PYMNTS

MAY 9, 2016

Last week, OnDeck, Kabbage and CAN Capital banned together to form the Innovative Lending Platform Association (ILPA), an advocacy group to champion increased transparency for small business borrowers in the alternative and marketplace lending sphere. It isn’t the first initiative with this goal.

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Regulation Lending Capital Industry 100

PYMNTS

MARCH 23, 2020

Peer-to-peer (P2P) lending platforms in the U.K. are asking the government for help to continue lending after the coronavirus has ravaged markets around the world, according to a report by the Financial Times. P2P lenders link up borrowers with companies looking to lend money and get interest.

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Lending Capital Regulation Industry 143

PYMNTS

MAY 6, 2016

Another SME financing advocacy group has been formed, this time by OnDeck, Kabbage and CAN Capital. The firms announced the creation of the Innovative Lending Platform Association on Thursday (May 5), citing advocacy, education and the development of best practices as their goals.

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Capital Lending Comparison Groups 100

PYMNTS

APRIL 17, 2019

These include the Asian private equity arm of Standard Chartered , Japanese financial services group ORIX and Singapore-based GIC. It is hard to keep raising capital and growing when the government specifically imposes limits on both the borrowers and the lenders.”. Monthly lending volumes have also dropped 60 percent.

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Regulation Lending Capital Industry 108

PYMNTS

JANUARY 25, 2021

In today’s top payments news around the world, India’s central bank wants stricter regulations for big shadow lenders, while global foreign direct investment (FDI) dropped last year and the pandemic will continue to impact it this year. The central bank of India wants more stringent regulations for large shadow lenders.

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United States Regulation Payments Lending 217

PYMNTS

OCTOBER 22, 2020

In today’s top payments news around the world, Swedish peer-to-peer (P2P) lending upstart Lendify has reportedly secured $115 million of funding, while international trade platform Contour has teamed with information technology (IT) solutions firm Mphasis. Ant Group Moves Ahead With $35B IPO After China's OK. Morgan Stanley and J.P.

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Security Groups Payments Regulation 134

PYMNTS

AUGUST 25, 2016

The company takes a more narrow focus to small business lending than some other FIs by targeting the western U.S. But Clearinghouse CDFI can also offer interesting insight into the state of regulation of small business lending and how greater oversight may impact the SMEs that prop up their local communities. A Regional Reach.

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Regulation Lending Community California 100

South State Correspondent

APRIL 10, 2023

Nonetheless, with the recent collapse of sizeable regional banks, regulators, investors, analysts, accountants, and bankers are now scrutinizing the fair value of banks’ securities and loan portfolios. Fair Value of Loans The fair value of securities has made recent headlines with a focus on regulators, legislators, and bankers.

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Community Bank Community Security Capital 195

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?

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Lending Compliance Capital Marketing 100

PYMNTS

APRIL 30, 2020

Some are more exposed to credit card debt and lending to oil and gas companies. banks have stopped lending as much to European businesses as well, showing the home bias that is expected during a financial crisis. Many European banks have reduced lending to oil and gas companies, though. However, U.S. billion for the effort.

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Lending Comparison Regional Capital 188

PYMNTS

SEPTEMBER 30, 2020

It would instead offer payment companies a national servicing platform to replace the regime of state regulations such firms would be subject to under existing laws. Commercial companies accessing a payments charter would avoid oversight and regulations that protect the financial system and consumers,” the bank industry leaders wrote.

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Regulation National System Industry 349

CFPB Monitor

AUGUST 20, 2020

federal and state financial institution regulators have taken meaningful, proactive steps to acknowledge financial inequality issues, reach out to traditionally underserved populations to expand access to credit, and further protect consumers from discrimination. This blog post contains a summary of those efforts.

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Regulation FDIC Community Lending 78

PYMNTS

JUNE 21, 2019

Chinese P2P lending company Dianrong, which offers lending solutions and investment products, has completed its latest funding round, according to reports. Standard Chartered Private Equity was the main investor, and Affirma Capital also participated in the round. The company is known as the “lending club of China.”

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Lending Capital Maine Groups 100

PYMNTS

FEBRUARY 15, 2018

He said that in his own state of Washington, state regulators have been looking at those issues for some time to determine the possibility of some sort of reciprocity or sharing of information. “It The pilot being run with those initial seven states will provide some answers for how state regulators can streamline the process.

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Washington Regulation Conference Fintech 101

PYMNTS

JUNE 10, 2019

’s peer-to-peer (P2P) lenders are hoping that tighter regulations by the Financial Conduct Authority (FCA) can help restore the sector’s damaged reputation. Despite lending £6.7 That chance has gone now,” said Stuart Law, CEO of Assetz Capital , specializing in secured business loans, according to the Financial Times. “I

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Regulation Lending Industry Capital 138

Jeff For Banks

AUGUST 2, 2014

My firm will occasionally provide feedback on correspondence to our clients'' regulators. I thought about what we should have said to the regulator, versus the sweet words I was encouraging our client to use. Below is a sample letter to your regulator, saying it like you mean it. So, no, we are not re-doing our capital plan.

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Regulation DC FDIC Analytics 93

PYMNTS

OCTOBER 1, 2019

Consumer, enterprise and SMB lending all ground to a near halt and underwriters across the spectrum struggled to regain equilibrium after a crisis in mortgage underwriting bloomed into a plague that destabilized the entire global economic system. The rising tide, it seemed, was lifting all boats. topped the number of ones that closed.

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Data Lending Capital Regulation 135

CFPB Monitor

FEBRUARY 10, 2021

On January 26, 2021, the FTC sent its annual letter to the CFPB reporting on the FTC’s activities related to the Equal Credit Opportunity Act (“ECOA”) and Regulation B. The FTC has authority to enforce the ECOA and Regulation B with respect to nonbank financial service providers within its jurisdiction. Capital One, N.A.

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Report New York City Lending Regulation 78

PYMNTS

JULY 1, 2019

In response to plans by regulators to require banks to conduct more detailed credit checks in lieu of depending upon indices, banks in Australia are pushing back. But the Royal Commission advised that regulators should make sure its use does not take the place of thorough customer checks that comply with the rules for responsible lending.

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Lending Regulation National Report 100

BankUnderground

NOVEMBER 27, 2020

In a recent paper , we shed new light on the consequences of this type of regulation by examining the recent UK ‘ring-fencing’ legislation. Unlike Glass-Steagall, ring-fencing allows banking groups to continue to run both retail and investment banks. Ring-fencing came into effect at the start of 2019.

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Lending Retail Groups Maine 109

PYMNTS

NOVEMBER 26, 2019

I am delighted that the group has further strengthened its relationships with a number of key block discounting funding partners as well as reaffirming and significantly expanding the MTN program,” said James Roberts, chief financial officer. These new borrowing facilities match the terms of the lending facilities extended to U.K.

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Lending Risk Management Policies Meeting 141