PYMNTS

OCTOBER 1, 2018

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. lending marketplace. Attorney Alex Tse. “We The Response.

Lending 135

Lending Fraud Management San Francisco 135

Jeff For Banks

DECEMBER 16, 2022

Their net interest margin popped 30 basis points from year end 2021 to present because the balance sheet is chock full of core deposit funding accompanied by a heavy dollop of variable rate loans. i.e. they pursue stakeholder primacy, and here they are in the Top 5 total return to shareholder list.

Puerto Rico 78

Puerto Rico Virgin Islands Community Community Bank 78

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. An opportunity presents itself to pick up five new employees. Would your bank lend to Ted? This has been an unusually long post.

Lending 66

Lending FDIC Regulation Regional 66

CFPB Monitor

JULY 14, 2022

The Industry Letter is intended to alert institutions that the DFS “will evaluate whether Institutions are engaged in deceptive or unfair practices with respect to overdraft and NSF fees in future Consumer Compliance and Fair Lending examinations.”. Authorize positive, settle negative (APSN) transactions.

FDIC 78

FDIC Compliance Software Lending 78

CFPB Monitor

DECEMBER 5, 2019

The OCC, Federal Reserve Board, FDIC, NCUA and CFPB have issued an “ Interagency Statement on the Use of Alternative Data in Credit Underwriting.”. Presumably such AD present lower risks because of their greater accuracy and direct relationship to credit underwriting.). fixed expenses such as housing, amount of variable expenses, etc.)

Data 97

Data FDIC Compliance Analysis 97

William Mills

SEPTEMBER 9, 2016

They are showing how Chang might read about potentially investing in SnapChat (multilingual presentation). Addresses compliance, fraud experience and customer experience analytics. Social media is a special challenge since social media was not created with compliance in mind. Average return of 13% per year.

social media 40

social media ATM Mobile Customer Experience 40

Jeff For Banks

MARCH 3, 2014

But if the bank places a present value on their strategic plan projections, should they be afraid of the answer? Without Uncle Sam''s interference, I think a five-year, 30-year amortizing loan would be the norm, and everyone would understand it, and the cost to lend and therefore the cost to the borrower would be much lower.

Branch Strategies 89

Branch Strategies FDIC Strategy Industry 89

PYMNTS

AUGUST 29, 2018

The Office of the Comptroller of the Currency is aiming to rewrite the 1977 Community Reinvestment Act, which is designed to encourage bank lending in low-income areas. Banks are graded on their compliance by the government. The Trump Administration, noted Reuters, has been pushing for the rules to be relaxed on that front.

Community 100

Community FDIC Compliance Regulation 100

CFPB Monitor

AUGUST 8, 2019

stating that the CFPB had no present intention to take enforcement or supervisory action against the lender under the ECOA relating to the lender’s underwriting model, and especially its use of certain alternative data fields. The CFPB, in its July 2019 fair lending report, discussed supervisory reviews of alternative credit scoring models.

Data 60

Data Lending Compliance Policies 60