Bank Innovation

APRIL 9, 2019

The speed at which financial institutions are expected to meet changing customer demands drove Chicago-based fintech Amount and TD Bank into a strategic partnership that will have the bank using Amount's platform to make personal loans.

Fintech 170

Fintech Chicago Lending Meeting 170

Abrigo

DECEMBER 18, 2023

Critical capital Should CRE lending be off the table? Recent headlines may lead bankers to believe that shunning commercial real estate lending is the safest path to limit or avoid credit risk, given stresses on CRE and regulatory concerns. But that might not be the best move for your financial institution or your community.

Risk Management 222

Risk Management Management Lending Capital 222

PYMNTS

OCTOBER 2, 2018

We’re also a pure-play technology company, designed to support banks [that] want to offer lending products, but … either can’t or won’t dedicate hundreds of millions to building the capacity,” he said. Amount’s first target group of banks will be large institutions looking for a highly customizable lending solution.

Lending 134

Lending Alabama Online System 134

PYMNTS

MARCH 25, 2019

A federal judge late last week ordered a stay on the August 2019 compliance date tied to the “ payday lending rule ” mandated roughly two years ago by the Consumer Financial Protection Bureau (CFPB). Those firms, noted The Chicago Sun Times , would still be subject to federal laws (and possible prosecution under those laws). “I

Lending 128

Lending Illinois Compliance Chicago 128

CFPB Monitor

APRIL 11, 2016

The CFPB representatives who will be participating in the Chicago session of the 21st Annual Consumer Financial Services Institute, sponsored by the Practicing Law Institute, have now been confirmed. The Chicago session will take place on May 12-13, 2016. (The Twohig, Assistant Director for Supervision Policy.

Chicago 60

Chicago New York City Cleveland New York 60

PYMNTS

APRIL 7, 2016

On the logic that everything is easier when taken on with a team, the big names in marketplace lending are joining forces and forming their own nonprofit trade association. The CEOs of Funding Circle, Lending Club and Prosper have announced the launch of the Marketplace Lending Association (MLA).

Lending 100

Lending San Francisco FDIC Regulation 100

PYMNTS

APRIL 28, 2016

Marketplace lending has grown in popularity and so has the CFPB’s own knowledge of a variety of lenders in the market,” said Lucy Morris, a partner at Hudson Cook and the CFPB’s former deputy enforcement director. The CFPB has been pursuing this quietly for some time.

Lending 100

Lending Chicago Regulation Regional 100

PYMNTS

JULY 22, 2016

It feels like 2014 again with the ongoing popularity of alternative lending startups. Earlier this week, reports emerged that some alternative lending and industry professionals are beginning to heighten their anxieties about incoming regulation, particularly as some ponder whether the U.S. Alternative Lending. MarketInvoice.

Lending 100

Lending Regulation Big Data Risk Management 100

CFPB Monitor

DECEMBER 14, 2023

Townstone Financial case, in which the CFPB alleges that Townstone Financial, a non-bank mortgage company (Townstone), engaged in redlining in the Chicago area in violation of the Equal Credit Opportunity Act (ECOA). Court of Appeals for the Seventh Circuit in the CFPB v. Continue Reading

Chicago 78

Chicago Company Lending 78

Abrigo

JULY 20, 2021

From leveraging PPP technology to building relationships, reasons for boosting SBA lending are numerous. . Takeaway 2 Far fewer financial institutions regularly participate in SBA (7a) lending than the more than 5,000 that joined the PPP. . Why SBA Lending? Want other articles like this on SBA loan origination in your inbox?

Lending 195

Lending FDIC Capital Risk Management 195

PYMNTS

AUGUST 20, 2020

To that end, as evidenced by a number of statistics (and no shortage of commentary), the Main Street lending program — designed to, well, help Main Street — is falling short. The Main Street lending program is focused on companies that cannot raise funds in the capital markets through issuing, say, bonds, or selling equity.

Maine 218

Maine Lending Pennsylvania Boston 218

Bank Innovation

SEPTEMBER 3, 2019

The bank, which focuses on vehicle and dealer financing, implemented the new technology with the help of OneSpan (formerly Vasco), a security and e-signature solutions company based in Chicago. The OneSpan solution is called […].

Chicago 210

Chicago Security Technology Company 210

PYMNTS

SEPTEMBER 25, 2020

“Through our grants to effective community nonprofits, PayPal is working to support and strengthen Black-owned businesses and catalyze the critical work these organizations are doing to sustain Black-owned businesses and communities now and in the future.”.

San Jose 261

San Jose Baltimore Nebraska Community 261

Perficient

MARCH 3, 2022

Federal bank regulators work together to design Comprehensive Capital Analysis and Review (“CCAR”) stress tests that are designed to ensure that even in the case of a severe recession, significant banks can lend to households and businesses. Ten-year Treasury yields increase from around 1.5% to hover around 2.50

Capital 294

Capital Regulation Exercises United States 294

PYMNTS

AUGUST 17, 2020

As reported by CNBC , United Airlines said in late July that its September domestic schedule is down 40 percent from 2019 levels, even as some international flights like Chicago to Tel Aviv, Chicago to Hong Kong, and Houston to Amsterdam have been added back to the schedule. The four largest U.S. billion loan.”.

Chicago 151

Chicago Alaska Houston Lending 151

American Banker

JANUARY 22, 2020

Eric Smith and Michael Morton have been brought on as vice chairs to help build out the Chicago bank's commercial lending arm.

Chicago 68

Chicago Lending 68

American Banker

AUGUST 16, 2016

The Ohio company is eager to rev up SBA lending in the Windy City now that it has closed on its purchase of FirstMerit. CEO Steve Steinour also credits his company's willingness to make big upfront community commitments for a seamless approval process.

Lending 28

Lending Chicago Ohio Community 28

Abrigo

NOVEMBER 12, 2020

Real estate lending BSA training should include GTO guidance. The newest order include s : Boston Chicago Dallas-Fort Worth Honolulu Las Vegas Los Angeles Miami New York City San Antonio San Diego San Francisco Seattle . The purchase price of residential real estate under this GTO remains at $300,000.

New York City 195

New York City Las Vegas San Antonio San Diego 195

PYMNTS

NOVEMBER 13, 2017

The Federal Reserve Bank of Cleveland issued new research on the online lending market showing that borrowers end up in more debt than consumers who don’t utilize this method of borrowing. The Philadelphia and Chicago Federal Reserve recently conducted a more granular study and reached the opposite conclusion as this Cleveland Fed research.”

Study 100

Study Cleveland Online Philadelphia 100

Bank Innovation

JANUARY 28, 2019

The Chicago-based bank is dealing with the fallout from a glitchy launch last week of its new mobile banking […].

social media 186

social media Chicago Mobile Company 186

Filene

JUNE 21, 2016

QCash - An omni-channel lending solution that offers relationship based underwriting (without credit check) to members in search for small, short-term unsecured loans. Innovation Immersion - Filene’s Innovation Immersion program helps credit unions execute on innovation, ideas, and cultural change.

Chicago 45

Chicago social media Illinois Innovation 45

PYMNTS

JULY 17, 2019

Its core card business and its commercial lending activity grew, leading to higher revenue numbers. The company is also continuing to introduce new Capital One Cafes , like the three opened in Chicago, which each offer a full-service Peet’s Coffee as well as ATMs and “ambassadors” who are available to answer questions and provide assistance.

Capital 108

Capital social media Chicago ATM 108

PYMNTS

APRIL 16, 2019

A solution, he told PYMNTS four years ago , that had nothing to do with financial services or lending at all — they were actually studying hiring and figuring out ways to track employability over time with data. Our simple idea was that better technology and better data science could improve access to credit,” Girouard said.

Kansas City 223

Kansas City Lending Omaha Kansas 223

PYMNTS

MAY 23, 2016

Consumer lending platform Avant is giving pink slips to 60 employees, or about 7 percent of its workforce. The news came late last week amid what Crain’s Chicago Business said is “an abrupt negative turn in investor sentiment toward consumer lenders of all stripes.”.

Online 109

Online Lending United States Chicago 109

Filene

FEBRUARY 9, 2018

QCash - An omni-channel lending solution that offers relationship based underwriting (without credit check) to members in search for small, short-term unsecured loans. Innovation Immersion - Filene’s Innovation Immersion program helps credit unions execute on innovation, ideas, and cultural change.

Chicago 28

Chicago social media Innovation Digital Strategies 28

PYMNTS

APRIL 10, 2020

trillion lending program that seeks to help pretty much every subsector of the economy, courtesy of the Federal Reserve. University of Chicago economists analyzed data from Homebase, which offers scheduling software used by thousands of smaller firms. This week saw the debut of a massive $2.3

Survey 206

Survey Chicago Software New York 206

American Banker

JULY 17, 2023

An executive with the Federal Home Loan Bank of Chicago pushes back on a BankThink article criticizing the Mortgage Partnership Finance program.

Chicago 53

Chicago Community Bank Community Lending 53

American Banker

JUNE 1, 2021

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Chicago 78

Chicago National Illinois Lending 78

Abrigo

MAY 11, 2020

The newest order includes: Boston Chicago Dallas-Fort Worth Honolulu Las Vegas Los Angeles Miami New York City San Antonio San Diego San Francisco Seattle. Real estate lending BSA training should include GTO guidance. Learn more. What does this GTO mean to your financial institution?

New York City 195

New York City Las Vegas Miami San Antonio 195

PYMNTS

DECEMBER 27, 2016

Argon Credit, the Chicago online lender , reportedly filed for bankruptcy protection last week, with negative implications for Ranger Direct Lending Fund of the U.K. The report noted that Argon Credit uses a number of institutions for funding its subprime lending business, with one senior lender being Princeton Alternative Income Fund.

Lending 100

Lending Chicago Report Payments 100

Abrigo

DECEMBER 26, 2014

Utilizing the Bank Information platform, Sageworks recently released a ranking of the top mortgage lending credit unions in the U.S. In a lending segment once cornered by banks, credit unions are making an impact for those looking to purchase their own home. Bruemmer, executive vice president for Landmark Credit Union.

Regional 188

Regional Milwaukee Lending Washington 188

American Banker

OCTOBER 13, 2016

West Town Bancorp in Illinois has revved up its government-backed lending to small businesses, making it a good example of how community banks can outhustle big lenders in the quest for new sources of fee income.

Chicago 28

Chicago Illinois Community Bank Lending 28

CFPB Monitor

JANUARY 23, 2017

The 22nd Annual Consumer Financial Services Institute, sponsored by the Practising Law Institute, will take place on March 27-28, 2017 in New York City (and by live webcast and groupcast in Atlanta; Philadelphia, Pittsburgh, and Mechanicsburg PA) and on May 4-5, 2017 in Chicago. Kristen Donoghue, Principal Deputy for Enforcement (Chicago).

New York City 60

New York City Chicago New York Philadelphia 60

Independent Banker

AUGUST 31, 2021

A bank needs a team with diverse perspectives and unique abilities—technology, sales, lending and leadership—that is willing to work together at a heightened pace, he notes. Build a lending niche. You can’t just be the community bank that looks like the bank across the street. You have to give people a reason to bank with you.”.

Community Bank 170

Community Bank Community Lending Leadership 170

PYMNTS

DECEMBER 6, 2019

backers focused on accounts payable (AP) technology, cannabis procurement and small business lending, to name a few – but it was a FinTech specializing in the high-growth market of on-demand payroll that secured the top spot in this week’s roundup. Chicago’s Leaf Trade saw $4.5 From Singapore to the U.K., Leaf Trade.

Fintech 133

Fintech Capital Lending Chicago 133

PopularBank

APRIL 3, 2024

A study from the University of Chicago found the number of retirees within that segment will nearly double in the next 10 years. Whether they are seeking to contract, expand, or invest in their respective properties, a lending partner should work collaboratively to handle and adapt to fluid market conditions. We’re here to help.

Community 52

Community Operations Arizona United States 52

PYMNTS

SEPTEMBER 4, 2020

Though it didn't reveal how much it raised, Zero Hash, based in Chicago, announced the close of its Series C investment round led by holding company tastytrade. As organizations accelerate their sales digitization efforts, B2B eCommerce has jumped to the top of strategic planning initiatives.

New York City 151

New York City Capital Colorado Software 151