FICO

SEPTEMBER 6, 2017

In this podcast for Lend Academy, FICO Blog author Dr. Scott Zoldi talks about his role as FICO's Chief Analytics Officer, the company's AI innovations and how they are being applied in credit risk, fraud management and more. Scott discusses: Why his background in theoretical physics was perfect for studying fraud and credit risk.

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Lending Fraud Data Analytics 95

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

Abrigo

DECEMBER 2, 2021

The challenge with the influx of capital is that most financial institutions don’t know how much of the money at their institutions will hang around – or for how long. In a competitive lending environment, many banks and credit unions are concerned about losing good-quality loans if they over-price them. Lending & Credit Risk.

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Conference San Antonio Lending Fraud 195

PYMNTS

AUGUST 20, 2020

A multitude of SMB investors are looking to help, but lending to digitally focused SMBs comes with its own hurdles, including fraud risks and inefficient lending procedures driven by stiff regulatory measures. SMB Lending Risks. One of the most pressing issues plaguing SMB lenders is the risk of fraud.

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Fintech Fraud Lending Regulation 177

PYMNTS

JULY 12, 2018

New York’s Department of Financial Services is recommending that online lenders are subjected to the same scrutiny and regulations that traditional banks face. Cuomo on June 1, 2017, required DFS to study online lending in New York State and submit a report of its findings. A bill signed by Governor Andrew M.

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Online New York Lending Regulation 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

AUGUST 12, 2016

Then, there was the announcement of Square Capital’s partnership with Upserve , a restaurant management system (the same one that also acquired Breadcrumb from Groupon in May) to extend working capital to restaurants. where a lot of international students want to study. are from China, which is the largest source country.

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CFPB Monitor

AUGUST 1, 2022

While the executive order focused on cryptocurrency and digital assets, it also more broadly directed agencies to take concrete steps to study and support technological advances and promote equitable access to safe and affordable financial services. .

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Financial Technology Technology Fintech Compliance 78

South State Correspondent

JANUARY 16, 2024

Barings Bank, Orange County (CA), Enron, Long-Term Capital Management, and other entities misused derivatives or didn’t understand the difference between hedging and speculating. BSBY was not well received by US regulators from its inception, but the market eventually embraced SOFR over BSBY.

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Community Bank Community Compliance CA 195

Abrigo

DECEMBER 17, 2021

In fact, corporate culture is more important to an innovative culture than the institution's size, level of investment, location, or regulatory environment, according to a recent study by the ? Lending & Credit Risk. Lending & Credit Risk. Lending & Credit Risk. Digital Banking Report. Loan Origination System.

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PYMNTS

FEBRUARY 27, 2020

At the same time, digital banks are looking to capitalize on their growing small and medium-sized business (SMB) customer base, with open banking and bank-FinTech collaborations an important part of that strategy. Fifth Third Bank Taps FinTech For SMB Lending. Small businesses continue to embrace digital banking. As part of the U.K.’s

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Fintech Fraud Data Lending 192

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

BankUnderground

JANUARY 27, 2021

One key message stands out: banks that are more rooted in their market are much more likely to continue lending when faced with the economic fallout from such shock. Banks with access to central bank liquidity continued or even expanded their lending. Studies on natural disasters are more common and can give some further insights.

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Lending Study Marketing Capital 68

PYMNTS

SEPTEMBER 13, 2017

According to a study by Payoneer, 75 percent of small- and medium-sized businesses (SMBs) have backed away from global trade over concerns of not getting paid for their services. Other recent API developments aim to offer professionals an efficient way to process payments and remain compliant with local regulations.

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Strategy Report Lending Fintech 190

PYMNTS

SEPTEMBER 18, 2018

In the last three years, ADGM has been building a globally connected platform to support financial intermediation and facilitate capital flows for all companies, including startups and [small- to medium-sized enterprises (SMEs)],” ADGM Chairman Ahmed Al Sayegh said. Announcements came Monday (Sept. Startup accelerators are in place.

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PYMNTS

SEPTEMBER 19, 2019

The Brexit saga is a case study in uncertainty ever since then-British Prime Minister David Cameron stepped down June 24, 2016, the day after the referendum vote unexpectedly ruled in favor of leaving the European Union. Bank lending to business has hit its l owest level in two years. With Brexit’s Oct. Lots have happened.

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Case Study Lending Regulation Study 181

PYMNTS

SEPTEMBER 20, 2017

Chinese companies, especially FinTechs, are beginning to turn to overseas public offerings to raise new capital. Analysts say the trend is the result of tightened regulations at home, especially those impacting alternative lending startups. “An The growth in revenue was driven by the company’s freight and express delivery units.

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United States Fintech Maine Study 100

PYMNTS

SEPTEMBER 8, 2017

Chinese companies, especially FinTechs, are beginning to turn to overseas public offerings to raise new capital, according to reports earlier this week. Analysts say the trend is the result of tightened regulations at home, especially those impacting alternative lending startups. “An

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United States Google Fintech Maine 100

CFPB Monitor

MAY 13, 2019

On Wednesday, May 8, the Federal Trade Commission hosted a special forum exploring small business lending practices, regulations, and policies. In his opening remarks, Commissioner Chopra noted “[t]he FTC is the sole federal regulator and enforcer in the non-bank small business financing marketplace.”

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Case Study Policies Lending Capital 68

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.

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San Francisco Lending New York City Online 70

Jeff For Banks

APRIL 25, 2015

I don't think de novo banks are key players to business startup capital formation. Sure, if you cite studies that say these banks' loan books are predominantly small, as the FDIC measures them. But that is because de novo's are limited to making a loan to one borrower of 15% of their capital position. How do I know this?

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FDIC Capital Community Bank Lending 60

Abrigo

AUGUST 3, 2015

The piece also notes that customer service has suffered as a result of higher compliance costs, and community banks face stricter lending standards and capital reserve requirements.

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Compliance Community Bank Community Survey 150

BankUnderground

FEBRUARY 5, 2021

Positive liquidity shocks – that is, a loosening of global funding market conditions – have led to exchange rate appreciations, reductions in long-term bond yields, stock market booms, and increased gross capital flows to EMs ( Bhattarai et al (2018) ). Chart 1: Event study results: cumulative percentage change in EM interbank rates.

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Marketing Policies Study Tools 95

Independent Banker

OCTOBER 31, 2021

Regulators implement ICBA-supported three-year transition. ICBA backs Stop-and-Study bill. The standard allowance for loan and lease losses (ALLL) used to account for those losses didn’t offer a timely way to adjust regulatory capital. Congress sides with community banks on CECL. ICBA achieves CECL reforms. June 4, 2019.

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Community Bank Community Software New York City 91

CFPB Monitor

MAY 20, 2016

Specifically, under Section 1028, the CFPB has authority to limit the use of consumer arbitration agreements if and only if its study of such agreements establishes that doing so “is in the public interest and for the protection of consumers.”. The panel of speakers included: Professor Jason S. Johnston, Henry L.

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Study Data Industry Capital 68

BankUnderground

JULY 29, 2020

However, the empirical literature, most prominently Heider, Saidi and Schepens (2019) , find that commercial banks generally do not push deposit rates to negative levels, so that negative policy rates compress banks’ net interest margins and hence their willingness to lend. Fiscal Policy. Macroprudential Policy.

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Policies Lending System Tools 101

Gonzobanker

MARCH 21, 2024

Of small business owners who applied for a business loan in early 2023, 6 in 10 found it difficult to find affordable financing, and overall, 77% are concerned about their access to capital according to a survey from Goldman Sachs. According to Randi Zeller, senior advisor to Community Reinvestment Fund, USA: “There is no lack of capital.

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Lending How To Capital Data 78

PYMNTS

JULY 11, 2017

And, as a result, higher fees for consumers levied by cautious lenders, when they lend at all? Chamber of Commerce Center for Capital Markets Competitiveness. The referenced studies and research harken back to 2015 when the CFPB initially proposed its rules. Is that the headline for July 10?

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Cards Lending Study Industry 101

Jeff For Banks

JUNE 4, 2018

Regulators and consultants promulgate this untruth. This week I sat in a bank CEO's office where he complained, ranted really, about his latest exam and the regulators' perception of liquidity risk, driven by the aforementioned Supervisory Insights. This has happened before. We need a smarter discussion on liquidity.

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FDIC System Regulation Conference 60

PYMNTS

JANUARY 18, 2017

17) highlighted a study published by Amicus Commercial Finance , which found the majority of SMEs surveyed (52 percent) have ignored advice delivered to them by their banks. As working capital and cash flow are by their very nature dynamic, most traditional mainstream systems have failed to keep pace over the last few years.”.

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Capital Analysis Study Survey 100

Jeff For Banks

JUNE 24, 2010

Economists and government officials continue to cite lack of lending activity as a key contributor to our economic malaise. Much of the standoff revolves around real estate secured lending. Regulators are slightly schizophrenic on the subject. What I suggest regulators consider is collateral alternatives.

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Lending FDIC Regulation Regional 66

Gonzobanker

APRIL 23, 2020

Troubled Debt Restructuring (TDR) guidance relaxation from regulators does not mean borrowers that are given help now will not end up classified as TDRs down the road. Explore what guidance regulators might provide. Here is a quick checklist to help institutions weather the storm that’s brewing: 1. Mine the value in a CRE stress test.

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PYMNTS

SEPTEMBER 22, 2017

We’re still in a startup funk,” said Robert Litan, an economist and antitrust lawyer who has studied the issue. Better have a very full and robust compliance department and a perfect working knowledge of AML/YC regulations. And – judging by the numbers – startup business isn’t working. Want to accept credit cards?

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US Apple Innovation Regulation 108

CFPB Monitor

MAY 15, 2015

The draft bill addresses various residential mortgage lending issues, a number of which are summarized below. The TRID rule uses the same standard in effect today for determining if the APR becomes inaccurate, which triggers the need to provide a revised Truth in Lending Disclosure with a new three business day waiting period.

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Study Policies Industry Lending 60

PYMNTS

SEPTEMBER 9, 2016

According to Tyler, the two brothers began buying and studying the currency and were ultimately “sucked in” to the digital currency world, noting that “you don’t predict when you’re going to fall in love.”. Tyler and Cameron, who both studied economics at Harvard, are now CEO and president, respectively, of Gemini , a cryptocurrency exchange.

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Bitcoin cryptocurrency Security Taxes 100

TrustBank

DECEMBER 8, 2022

This is interesting because it’s largely in-line with the results of two recent studies by the US Federal Reserve Board ( Report on the Economic Well-Being of U.S. By the 1990’s, improvements in technology and further changes to securities regulations made it easier for corporate customers to access financial markets directly.

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US Policies Taxes Washington 52

Lex Sokolin

DECEMBER 10, 2020

The offering is a full on banking, payments, and capital programming environment that connects to Goldman Sachs, Barclays, and Citi. The case study of Shopify is case in point?—?the Affirm wins when it plugs in a technology network as a distributor of its lending product. And maybe we can learn something new in the process.

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