Independent Banker

SEPTEMBER 25, 2014

This is particularly true for community banks preparing to undergo their next regulatory safety and soundness or compliance examination. As David Barr, spokesperson for the FDIC, points out, “a vast majority of community banks remain well-rated and exhibit satisfactory corporate governance programs and compliance management systems.”.

Compliance 101

Compliance Regulation Community Bank Community 101

FICO

OCTOBER 4, 2016

The potential of alternative data in consumer lending decisions continues to be a hot topic in Washington, D.C., When federal banking agencies recently revised their Q&As for CRA compliance , their focus on the use of alternative data caught my eye.

Lending 74

Lending Data Community FDIC 74

American Banker

OCTOBER 27, 2020

In addition to the fine, the institution is required to improve its compliance systems. The agency found a 40% error rate in the 2016 data submitted by the Seattle bank.

Washington 32

Washington Seattle Compliance System 32

Bank Innovation

APRIL 25, 2019

WASHINGTON, D.C. Fintechs are having trouble facing reality when it comes to obtaining bank charters, FDIC Chairman Jelena McWilliams and Comptroller of the Currency Joseph Otting said here at the FDIC’s Fintech and the Future of Banking conference on Wednesday.

Fintech 186

Fintech FDIC Washington Conference 186

American Banker

JANUARY 10, 2020

New legislation in Congress seeks to do away with a data-collection mandate that addressed discrimination in business lending. The repeal measure has the support of two bank industry groups based in Washington.

Washington 58

Washington Lending Groups Industry 58

CFPB Monitor

OCTOBER 11, 2018

At the Online Lending Policy Institute’s (OLPI) annual summit in Washington, D.C. The summit speakers included Grovetta Gardineer, the Senior Deputy Comptroller for Compliance and Community Affairs at the OCC.

Policies 60

Policies Lending Data Online 60

PYMNTS

JUNE 24, 2016

This week it was Minnesota, and then yesterday Walmart really got warmed up and announced the expansion of their new payments service in: Michigan, Virginia, the Carolinas, Indiana, Iowa, Kentucky, Nebraska, North Dakota, South Dakota, Tennessee, Louisiana, Missouri, Mississippi and Washington, D.C. Online lending . Costco Card.

Lending 101

Lending Online South Dakota North Dakota 101

The Financial Brand

OCTOBER 24, 2021

Financial institutions must scrutinize marketing, branching and lending strategies as Attorney General targets redlining in mortgage credit. The post Justice Department Sets Major Fair-Lending Enforcement Push appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

Lending 32

Lending Banking Trends Analysis Trends 32

CFPB Monitor

SEPTEMBER 21, 2015

Agnani, Director of Policy and Civic Engagement, National Coalition for Asian Pacific American Community Development, Washington, D.C. Kukla, Senior Vice President, Center for Responsible Lending, Durham, N.C. Allen, Chief Compliance Officer, Bank of American Fork, American Fork, Utah. Kathleen C. Christopher G. Kathleen J.

Groups 60

Groups Los Angeles San Francisco Community Bank 60

Abrigo

JULY 12, 2021

One important step toward further global compliance for the U.S. The message sent by FATF has been well received in Washington, and the hard work mandated by the AML Act of 2020 and FATF recommendations has begun. Lending & Credit Risk. While the U.S. AML Professionals and executives alike, hold on tight. Learn more.

Training 195

Training Policies United States Report 195

CFPB Monitor

OCTOBER 27, 2022

On October 18, 2022, the Federal Trade Commission (“FTC”) announced a settlement with a Washington, D.C.-area Earlier that same month, the CFPB announced it would exercise its supervisory authority under the Consumer Financial Protection Act to scrutinize discriminatory conduct as an unfair practice independent of federal fair lending laws.

Groups 78

Groups Exercises Lending Policies 78

Independent Banker

MAY 26, 2016

It’s yet another fiasco of meddlesome overregulation that could have been avoided, says Becky Miller, vice president and compliance officer for the $90 million-asset Farmers Trust and Savings Bank in Williamsburg, Iowa. Under the glorified goal for “simplification” touted by policymakers cosseted in far-off Washington, D.C.,

Washington 70

Washington Iowa Maine Compliance 70

CFPB Monitor

MAY 20, 2015

Chambers USA has once again ranked the Ballard Spahr LLP Consumer Financial Services (CFS) Group in the highest tier nationally in the category of Financial Services Regulation: Consumer Finance (Compliance and Litigation). Washington, D.C. ”

Groups 60

Groups Atlanta United States Washington 60

Jeff For Banks

JUNE 20, 2017

And let's not forget about the thousands of employees that work for regulatory bodies, compliance personnel in banks, and consultants that help them comply. So what am I talking about, that deposit insurance is why banks don't do like FinTech lending firms and use alternatives to the FICO score in underwriting consumer credits?

Data 60

Data FDIC Regulation Washington 60

Jeff For Banks

DECEMBER 16, 2022

They provide white label payments and depository services (think Paypal, Chime) and deploy that funding into specialized lending programs such as lending to wealth management firms, commercial fleet leasing, and real estate bridge lending. It has not been all sunshine and rainbows for TBBK.

Puerto Rico 78

Puerto Rico Virgin Islands Community Community Bank 78

Abrigo

SEPTEMBER 20, 2021

Data collection for small business lenders Financial institutions, fintech companies, and other small business lenders will need to begin collecting a wide array of small business lending data under the Consumer Financial Protection Board’s (CFPB) proposed small business lending data collection rule. Proposal Issued. securities credit.

Lending 195

Lending Data Compliance Regulation 195

Payments Source

JANUARY 2, 2019

As the federal budget dispute shoves an increasing number of government workers to the sidelines, there’s a window to provide payments relief that’s superior to options such as payday lending and bartering.

Lending 67

Lending Payments DC Washington 67

Javelin Strategy & Research

SEPTEMBER 2, 2014

This will require several trips a year to Washington, DC along with several touch-points, and I’m looking forward to getting acquainted with the CFPB’s staff and other 24 Consumer Advisory Board (CAB) members. I just accepted a position on the Consumer Advisory Board of the CFPB. I have a lot to learn! So what do you think I should focus on?

Innovation 58

Innovation DC FDIC Strategy 58

Independent Banker

DECEMBER 29, 2015

Most concerning has been the safety-and-soundness regulation’s unnecessary effect on reducing certain lending by community banks, say Kendrick and several community bankers. Headwind for lending. In the end, allowing Basel III to reduce community bank lending on Main Street will only harm consumers, community bankers agree.

Community Bank 70

Community Bank Community Capital Lending 70

Independent Banker

MARCH 15, 2015

We want them to see that disproportionately large stack of compliance forms that a small institution has to deal with.”. On what is the most effective form of grassroots advocacy, Stetter says that a face-to-face meeting at the member’s office in Washington, D.C., is high on the list. In this way, don’t only communicate complaints.

Community 70

Community Washington Community Bank Meeting 70

Jeff For Banks

NOVEMBER 24, 2019

Nationwide lending! Keystone expanded its lending to include high loan-to-value mortgages and home equity loans. How else can you blow your balance sheet up (pardon the pun) from a dying coal town? Booking the valuable "gain on sale of loans". They kept some. But sold most. You can't make this stuff up. Jeff Want to read more?

National 78

National West Virginia Virginia Pennsylvania 78

Independent Banker

JULY 8, 2015

The Supreme Court ruling will only intensify congressional debate over the theory, and ICBA will continue working with lawmakers to advance legislation that would ensure federal laws truly support fair and equitable mortgage lending.

Washington 70

Washington Policies Community Community Bank 70

Independent Banker

SEPTEMBER 21, 2015

Greater uncertainty wins as the Supreme Court upholds statistical evidence in fair lending claims. Supreme Court, it is, and the high court’s recent ruling to that effect is likely to affect community banks, their regulatory examinations and their potential exposure to fair lending lawsuits. lending compliance.

Lending 70

Lending Community Bank Policies Community 70

Independent Banker

DECEMBER 13, 2015

The final rule greatly expands data-collection and reporting requirements, compounding existing regulatory and paperwork burdens that restrict lending by community banks. Community banks face yet another set of regulatory requirements with the recently revised Regulation C reporting rule implementing the Home Mortgage Disclosure Act.

Community Bank 70

Community Bank Community Resources Regulation 70

Fintech Labs Insights

APRIL 4, 2016

HQ: Fort Washington, Pennsylvania. Tags: Consumer, lending, loans, mortgage, investing, peer-to-peer, crowdfunding. HQ: California City, California. Source: Crunchbase. PayItSimple consumer credit service. Latest round: $22.5 million ($56 million valuation). Total raised: Unknown. HQ: New York City. Source: FT Partners. LoanLogics.

New York City 12

New York City Company Fintech California 12

Gonzobanker

DECEMBER 19, 2017

Seriously, sit back with a pocket flask of Pappy Van Winkle, smoke a cigar (or your combustible of choice if you live in Colorado, California, Washington, Oregon, Nevada, Main or Massachusetts) and enjoy the 2017 GonzoBanker Awards. The Real “Lending” Stock Award – Goes to longtime player LendingTree. It had another turd of a year.

Conference 101

Conference Industry Community Bank Community 101

Fintech Labs Insights

OCTOBER 19, 2015

HQ: Seattle, Washington. Bitcoin compliance solutions. Tags: Enterprise, underwriting, credit, lending, analytics, API, Life.SREDA (investor). Source: TechCrunch. Alt-lender to small businesses. HQ: Atlanta, Georgia. Latest round: $135 million at $1 billion valuation. Total raised: $600 million. Source: Finovate. million Seed.

New York City 12

New York City Company Fintech New York 12

Fintech Labs Insights

JUNE 6, 2016

Tags: Consumer, collectibiles, investing, asset based lending, artwork.

Company 12

Company Fintech San Francisco New York City 12

Fintech Labs Insights

AUGUST 8, 2016

Compliance Science. Compliance platform for financial institutions. HQ: Seattle, Washington. Tags: Institutions, underwriting, commercial lending, loans, information, BI, API. Source: Crunchbase. Latest round: $2.9 Total raised: $11.2 HQ: New York City. Source: FT Partners. Digital payments platform. Latest round: $2.8

Company 12

Company Fintech New York City blockchain 12

PYMNTS

MARCH 28, 2016

The rest was related to bill payment, payday lending and remittances). Ironically, the places with the highest check cashing fees are Maryland and Washington, D.C.). Of that $106 billion, $58.3 billion was related to check cashing transactions, another $17.6 billion in money orders and $5.4 billion in prepaid cards.

US 100

US Payments Course System 100

PYMNTS

OCTOBER 11, 2019

PayPal officially pulled its support of Facebook’s Libra initiative after being a no-show at the Libra Association meeting in Washington, D.C. Max Levchin On The Future-Present Of Everywhere POS Lending. Trending: How EU Regulators Are Complicating SCA Compliance (Ekata PSDS Tracker). What We’ve Learned From Libra.

Cards 116

Cards Online Houston Digital Banking 116

CB Insights

DECEMBER 7, 2017

In 2011, three banks accounted for half of new mortgage loans, according to the Washington Post. Its mortgage lending business has grown quickly of late in part because of its asset light, internet model, lending $96B in 2016, up from $12B in 2008. As of September 2016, that share dropped to 21%.

Millennials 69

Millennials Lending United States Technology 69

Gonzobanker

OCTOBER 21, 2015

Robert told the banking industry to embrace compliance as “the hard thing to figure out” that investors look for in startups. Washington Financial’s Betty Guerrieri and Jamie Anders with Eric Weikart. Washington Financial’s Michael Chaido and Trustmark’s Jonathan Rogers initially looking for the FIS booth.

Las Vegas 60

Las Vegas Retail Phoenix Branch Design 60

Fintech Labs Insights

SEPTEMBER 1, 2016

Lending marketplace for small businesses. HQ: Seattle, Washington. Tags: Institutions, lenders, mortgage, lending, customer service, mobile, account opening. Total raised: $44.7 HQ: New York City. Source: FT Partners. Funding Societies. Latest round: $7.5 million Series A. Total raised: $7.5 HQ: Singapore. Source: FT Partners.

New York City 18

New York City Company Fintech Comparison 18

CB Insights

MAY 23, 2019

Zenefits skirts compliance regulations. Zenefits skirts compliance regulations. In addition, regulators claimed that as many as 80% of insurance plans sold in Washington state by Zenefits reps were sold illegally by unlicensed brokers. Table of contents. Theranos and the revolutionary blood tests that never existed.

Fraud 78

Fraud Las Vegas Company Video 78

Fintech Labs Insights

JULY 17, 2015

Regulatory compliance solutions for new account opening. HQ: Seattle, Washington. Tags: P2P, lending, consumer, loans, underwriting, investing, marketplace lender. In total, 20 companies raised $294 million, all in equity (as far as we know). Here are the fundings from July 11 through July 17 in order of magnitude: Fenergo.

Fintech 12

Fintech Company San Diego Los Angeles 12

Gonzobanker

DECEMBER 22, 2015

In the age of Twitter, Apple Pay and Lending Club, it’s important to remember the shareholder performance delivered by Gleason and team when compared to the behemoths. To those community bankers claiming their growing Compliance departments say no to everything. Bravo OZRK! Somebody-Call-the-Whaambulance Award. Did we hear a whaaaa?

Community Bank 60

Community Bank Apple Community Technology 60