PYMNTS

MARCH 30, 2020

As COVID-19 saps consumer demand across all manner of verticals, and small businesses bear the brunt of a sudden disappearance of revenues, the firms that lend to those SMBs are feeling heat, too. The absence of top line, which translates into cash, likely shuts at least some conduits for lending. staff, which has 500 employees. “It

Lending 151

Lending FDIC Fintech Operations 151

PYMNTS

APRIL 24, 2019

Of course, those more than beat the national average on checking accounts, which is currently at a 0.08 In addition, Wealthfront works with FDIC-insured partner banks — including East West Bank , New York Community Bank and others — to hold customers’ deposits. In addition, Ally Bank and Barclays have high-yield offerings that earn 2.2

FDIC 108

FDIC New York Community Bank Course 108

Abrigo

JULY 1, 2015

Of course there isn’t any one answer to this question, and the direction can vary based on an institution’s starting point. For nearly any size institution with lending capabilities, a comprehensive loan portfolio segmentation strategy can enable their credit department to quickly identify the underlying behaviors that drive credit risk.

Risk Management 150

Risk Management Management Strategy Lending 150

PYMNTS

DECEMBER 23, 2020

The company offers FDIC-insured bank accounts and a Visa -branded payment cards for teens (aged 13-18) with budgeting features and other financial education tools built in. Step hopes to serve those consumers over the course of their entire lives. “I Step aims to fill that hole by creating what it calls “family banking services.”

Fintech 322

Fintech Cards FDIC Lending 322

South State Correspondent

APRIL 30, 2022

While we have covered the impact of the Fed on lending ( HERE ), we want to focus on the liability side of the balance sheet. We examine the roughly four thousand FDIC-insured commercial banks and S&L associations over the last four decades. Historical Cost of Funds Analysis.

Community Bank 195

Community Bank Strategy Community FDIC 195

PYMNTS

JULY 15, 2016

But, they can, of course, always skip next year. Using Twitter handles only and after setting up an iPayYou wallet, you too can be send the 10 bucks your friend spotted you for lunch in bitcoin that you, of course, he can’t spend until he converts it to dollars. Lending Club Algorithms . Our heart bleeds for those sellers.

Retail 100

Retail FDIC Bitcoin Lending 100

PYMNTS

MARCH 26, 2020

Square also made the jump into officially becoming a bank this week, with the award of an ILC banking license by the FDIC. Banks, of course, can’t simply kick back, congratulate themselves on being so trustworthy and call it a decade. What we learned was interesting. “But What’s Next .

Innovation 241

Innovation Fintech Data Examples 241

PYMNTS

OCTOBER 13, 2016

Kabbage is a data and technology platform that enables real-time lending. The goal of all that money is, of course, to lend to small business owners. That was a challenge that it was definitely unexpected where we had to come up with an alternative and now we’re happy to be working with an FDIC regulated bank.”.

Regulation 100

Regulation Lending US FDIC 100

Independent Banker

FEBRUARY 24, 2016

A whopping 95 percent of ICBA members are active commercial real estate (CRE) lenders, according to the latest ICBA Community Bank Lending Survey. Community banks that are growing their CRE lending will be a focus of examination activity in 2016, adds the regulatory statement. Responsible lending. Two recent speeches by U.S.

Community Bank 70

Community Bank Lending Community Regulation 70

CFPB Monitor

DECEMBER 3, 2015

A blog post about payday lending, “Reframing the Debate about Payday Lending,” posted on the New York Fed’s website takes issue with several “elements of the payday lending critique” and argues that more research is needed before “wholesale reforms” are implemented.

Lending 60

Lending Study New York Kansas 60

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

PYMNTS

OCTOBER 7, 2019

The issue at hand: Marcus was perhaps not prepared to handle the world of high-risk lending, according to sources – and the learning curve has been steep and expensive. It’s been a rocky 25-year marriage for banking and technology, but it’s finally getting on course,” he noted. Goldman Sachs-backed Marcus has reportedly lost $1.3

Data 116

Data Apple FDIC Report 116

Filene

JULY 15, 2016

I sat down with Adam Lee , Filene's Incubator Director, to follow up on the blog post he wrote last week about the ongoing payday lending proposed regulations debate, to go a bit deeper into the issue. H: What are you keeping an eye on in the debate over the proposed payday lending regulations? Here’s what I learned.

Community 28

Community FDIC Meeting Lending 28

CFPB Monitor

JULY 1, 2020

The agencies are the Comptroller of the Currency, Farm Credit Administration, FDIC, Federal Reserve Board, and National Credit Union Administration. Among other proposed Q&As, there are Q&As that would address: When a lender must require flood insurance in connection with a loan secured by a building in the course of construction.

Policies 60

Policies Security FDIC National 60

Independent Banker

MARCH 15, 2015

Thoughtful lending and an open mind keep profits strong for incoming ICBA chairman Jack Hartings. in Coldwater, Ohio, and ICBA’s incoming chairman, held fast to his community bank’s conservative lending practices. To combat the decline in the bank’s loan-to-deposit ratio, Hartings actively sought out new opportunities in lending.

Ohio 70

Ohio Community Bank Community Lending 70

Independent Banker

JUNE 30, 2022

Here, we highlight some of last year’s most successful loan producers in the areas of agriculture, commercial and consumer/mortgage lending. Using FDIC data for 2021, we calculated a lender score out of 100 for each community bank. Ag lending in the South: Relationships matter. It also indirectly benefits our lending business.

Community Bank 172

Community Bank Community National Philadelphia 172

PYMNTS

MAY 24, 2016

These days, payday lending is not a subject that lends itself to much in the way of rational discourse. Opponents of the practice note that, in its most vicious form, payday lending is an expensive predatory scourge on the class of borrowers it attracts, drawing them into a confusing and protracted cycle of debt. Bourke asked.

Lending 103

Lending FDIC Maine Regulation 103

CFPB Monitor

DECEMBER 7, 2022

As a reminder, in March 2022, the CFPB updated its exam manual and announced, “In the course of examining banks’ and other companies’ compliance with consumer protection rules, the CFPB will scrutinize discriminatory conduct that violates the federal prohibition against unfair practices.”

Community 78

Community Compliance Industry National 78

Abrigo

FEBRUARY 16, 2015

Over the course of the last five years, the researchers noted that community banks'' market share (by assets) fell 12 percent, as well as lost momentum in market share in several lending categories. ” Credit unions, of course, have skin in the game, too.

Community Bank 150

Community Bank Community Regulation Lending 150

Gonzobanker

FEBRUARY 7, 2018

At the same time, most bank executives agreed that a 20%-25% increase in earnings from the tax break is being earmarked for investments in their franchises: market expansion, raises for employees and, of course, technology investments. 2: The Bulls. Source: SNL.

Taxes 75

Taxes Video Analytics Arkansas 75

Jeff For Banks

APRIL 14, 2022

He was curating a library for a bank, of course. Inside the FDIC: Thirty Years of Bank Failures, Bailouts, and Regulatory Battles 2015 Louis D. First he had to download some obscure app that must read bindings. If you knew John, you can see him promenading down his bookshelf, phone in hand, camera at the ready. Interesting idea.

America 78

America National Denver United States 78

CFPB Monitor

OCTOBER 29, 2020

24, 371 and 1464(c), respectively) that allow national banks and federal savings associations to engage in lending, by clarifying when a bank has exercised its lending authority. We continue to hope for a substantially similar “true lender” rule from the FDIC.

National 60

National Lending Exercises FDIC 60

FICO

JANUARY 9, 2017

consumer lending market anticipated 2017 would be more of the same. The unexpected election of Donald Trump resulted, in many cases, in a 180-degree course correction. The FDIC, Fed and OCC recently initiated the process for drafting new cybersecurity regulations for banks with assets exceeding $50 billion.

Regulation 40

Regulation Lending New York Leadership 40

FICO

JULY 17, 2017

Adding to these legislative initiatives are such must-do items as flood insurance, appropriations funding, the FAA Authorization Act, the National Defense Authorization Act and, of course, the lifting of the debt ceiling. And now there is even more on Congress’s plate. So where does that leave us?

US 40

US Leadership Regulation Policies 40