PYMNTS

APRIL 16, 2020

This week’s look at the latest in bank-FinTech collaborations and open banking initiatives finds a focus on small business lending: In the U.K., Deloitte, Unqork, Plaid Debut Lending-as-a-Service Tool. ” Plaid Unlocks Payroll Data to Support PPP Lending. ” Plaid Unlocks Payroll Data to Support PPP Lending. .”

Data 167

Data Lending Regional Fintech 167

Abrigo

NOVEMBER 18, 2016

In a survey of community banks and credit unions at the 2016 Sageworks Risk Management Summit, 42 percent of respondents said Commercial Real Estate, or CRE, lending was their primary focus for loan portfolio growth. For many, commercial real estate lending may be the ticket. This reflects a larger industry trend.

Community Bank 150

Community Bank Handbook Lending Risk Management 150

CFPB Monitor

JULY 6, 2021

Financial institutions were found to have violated Regulation E by: Failing to comply with provisional credit requirements for disputed transactions. Fair lending. In several examinations that identified such errors, the root causes were deficiencies in the institutions’ compliance management systems. Mortgage origination.

Lending 78

Lending Report Regulation Analysis 78

CFPB Monitor

MAY 18, 2021

The Board of Governors of the Federal Reserve System recently issued and invited public comment on proposed guidelines to be used by Federal Reserve Banks to evaluate requests for master accounts and/or access to Federal Reserve Bank (Fed) financial services, in order to support a more “transparent and consistent” approach to such requests.

Fintech 78

Fintech Guidelines Policies System 78

CFPB Monitor

APRIL 29, 2015

The CFPB has issued a fair lending report covering its fair lending activities during 2014. The report states that in 2014, CFPB fair lending supervisory and public enforcement actions required institutions to provide approximately $224 million in remediation.

Lending 60

Lending Report Policies Compliance 60

Abrigo

JANUARY 22, 2016

.” – Albert Einstein Banks generate most of their revenue by lending money, and lending money, by definition, involves a certain amount of risk. Safe lending starts at the origination of the loan, because the most effective way to avoid a troubled loan is to never make the loan in the first place.

Resources 150

Resources Lending Risk Management Compliance 150

Bank Innovation

SEPTEMBER 21, 2017

“High-tech,” or fintech banks may be required to hold higher capital buffers and larger liquidity when entering Europe, the European Central Bank said in draft licensing guidelines today.

Fintech 249

Fintech Guidelines Capital Marketing 249

Abrigo

DECEMBER 10, 2021

Particularly for internal loan review departments, personnel must have the skills to understand the loan portfolio and the overall credit culture of the institution, skills on par with their counterparts on the lending side.

Training 195

Training Policies Data Guidelines 195

Abrigo

NOVEMBER 22, 2021

Consumer Lending Laws & Compliance Financial institutions offering consumer loans need to know about these major consumer lending laws and recent compliance issues. You might also like this webinar, "Consumer Lending 101.". Consumer lending compliance spotlight. Pandemic Issues.

Compliance 195

Compliance Lending Risk Management Regulation 195

Independent Banker

JANUARY 28, 2016

Supreme Court held that financial institutions could be held liable for neutral practices that pose adverse lending decisions against certain borrowers, even when there is no intent to discriminate, but with restrictive guidelines. IB: How could fair lending exams change as a result of the Supreme Court’s ruling?

Policies 70

Policies Lending Community Analysis 70

PYMNTS

SEPTEMBER 25, 2020

The global tech firm has teamed with payment processors Fiserv, PTS, FIS, CoreCard, Galileo, i2c, TSYS and Marqeta to give them digital guidelines that will let clients get almost instantaneous access to card information and peace of mind to make secure transactions, among other benefits.

Maine 153

Maine social media Atlanta Massachusetts 153

PYMNTS

JUNE 27, 2016

As a result, he says, regulators are on “high alert” and can impose harsh penalties when financial institutions don’t follow proper risk management strategies. The regulations were vague, and were more like guidelines. But, there was an issue with that initiative, he points out.

Regulation 101

Regulation Guidelines Risk Management Operations 101

Insights on Business

OCTOBER 11, 2018

Banks moving core applications to the cloud need to follow certain guidelines and standards for the migration/transformation and overall banking ecosystem to work successfully. Some of these standards are getting established by regulatory bodies, such as the PSD2 regulation in Europe, which covers payment initiation and account access.

Meeting 111

Meeting Customer Experience System Guidelines 111

CFPB Monitor

AUGUST 7, 2020

The guidance notes that the principles outlined in the joint statement apply to both commercial and retail loan accommodations and are consistent with the Interagency Guidelines Establishing Standards for Safety and Soundness. Targeted testing of the process for managing each stage of the accommodation is also advisable.

Risk Management 78

Risk Management Management Guidelines Report 78

Abrigo

JUNE 12, 2023

You might also like this webinar, " AML Compliance and Sanctions Requirements for Non-Bank Financial Institutions. Since the passing of this model money transmitter act, many states have introduced or fully adopted these standardized guidelines. One set of requirements will reduce the regulatory burden and compliance costs.

Compliance 195

Compliance Fraud Regulation Guidelines 195

CFPB Monitor

MAY 22, 2020

The Federal Reserve, OCC, FDIC, and NCUA have issued “ Interagency Lending Principles for Offering Responsible Small-Dollar Loans.” In that statement, the agencies indicated that they were “working on future guidance and lending principles for responsible small-dollar loans.”.

FDIC 78

FDIC Policies Lending Guidelines 78

PYMNTS

NOVEMBER 8, 2017

It’s heavily regulated, only customers of a certain age can buy it – and the sale of it is governed by a three-tiered system wherein producers can only sell to wholesalers, who can only sell to retailers, who are the only ones allowed to sell to consumers. Particularly, he notes, because they so strictly adhere to that guideline. “I

Retail 101

Retail Regulation Compliance Massachusetts 101

Abrigo

FEBRUARY 22, 2021

Takeaway 3 Additional changes will require new loan applications and updated SBA regulations. Shifts in the program will require new borrower applications, new rules and additional guidelines and come as the PPP has 37 days before it expires, barring an extension by Congress. Lending & Credit Risk. SBA Lending.

Lending 195

Lending Fraud Compliance Guidelines 195

Jeff For Banks

MARCH 29, 2014

Lending services include commercial loans to small to medium-sized businesses and professional concerns as well as consumers. Operating under a community banking philosophy, the Company seeks to develop broad customer relationships based on service and convenience while maintaining its conservative approach to lending and sound asset quality.

Strategy 102

Strategy Texas San Antonio Fort Worth 102

Tomorrow's Transactions

JULY 13, 2016

There’s a permissioned shared ledger that is maintained by, amongst others, the airline itself, the 17 creditor banks and the airline industry regulator. But even if they were, then under warrant the regulator and law enforcement agencies would be able obtain the escrowed transaction keys needed to decrypt transactions of interest.

blockchain 30

blockchain Examples Guidelines System 30

FICO

AUGUST 27, 2018

This document is the fourth in a series of reports in response to Executive Order 13772 that details the President’s core principles for financial regulation. Quick Take : The report was on the mark in encouraging regulators to help facilitate the development of new solutions utilizing alternative data.

Policies 49

Policies US Fintech DC 49

CFPB Monitor

JANUARY 7, 2021

However, the AG plaintiffs in the new lawsuit instead view the Rule as “an unlawful attempt” by the OCC to “facilitate predatory lending” and support “rent-a bank schemes.”. If a bank fails to satisfy its compliance obligations, the OCC will not hesitate to use its enforcement authority consistent with its longstanding policy and practice.

District of Columbia 78

District of Columbia North Carolina New York Policies 78

Independent Banker

OCTOBER 1, 2022

Our compliance program, based on elevated risk, is very robust. However, the ambiguous legal landscape complicates compliance; 47 states, the District of Columbia and four U.S. Our compliance program, based on elevated risk, is very robust,” she notes. “We Digital path to compliance. Chris Hartman, Cogent Bank.

Marketing 113

Marketing Compliance Community Community Bank 113

CFPB Monitor

OCTOBER 13, 2020

Supporters point out the Proposed Rule would result in strong and consistent supervision of bank-fintech partnerships across the country, ensuring fairness and compliance with applicable laws, and note the Proposed Rule would keep the costs of credit down and encourage innovation.

Lending 60

Lending Colorado FDIC National 60

FICO

JANUARY 5, 2023

Open banking, BNPL, cybersecurity and AI will all be under the microscope for regulators and policymakers, but not all areas will see major action in 2023. regulators take a major step in addressing the emerging open banking landscape. Several groups have also called for comprehensive industry regulation. Four 2023 U.S.

Policies 52

Policies Company Regulation Risk Management 52

Independent Banker

FEBRUARY 16, 2015

Community banking priorities of reducing regulatory burden and institutionalizing tiered regulation, as well as addressing the risks and market distortions created by too-big-to-fail institutions are likely to rank high on Shelby’s and Brown’s legislative goals for the new Congress. He’s a free-market conservative,” Lynch says.

Community Bank 70

Community Bank Alabama Ohio Community 70

FICO

JANUARY 9, 2017

Last fall, I suspect that most regulatory compliance professionals in the U.S. consumer lending market anticipated 2017 would be more of the same. This meant a continued focus on implementation of recently adopted rules, while bracing for a wave of new regulations from the federal banking agencies. You are not alone.

Regulation 40

Regulation Lending New York Leadership 40