Bussman Advisory

JULY 29, 2022

We offer advisory services for the executive team and in-person or virtual courses with tailored topics. The post US regulator raises concerns over Apple’s foray into short-term lending | Barclays takes stake in crypto firm Copper | Jack Ma to give up control of Ant appeared first on Bussmann Advisory AG.

Lending 52

Lending Regulation US social media 52

Abrigo

AUGUST 8, 2021

Independent Loan Review Systems in Banking Banking regulators have outlined expectations for effective, independent loan review and credit risk review. . The change reflects regulators’ expectations that financial institutions will develop loan review or credit review systems tailored to their specific risks and circumstances.

System 195

System Lending Policies Regulation 195

TheGuardian

OCTOBER 4, 2020

And it means the repeal of major legislation introduced by my government to bring about uniform national laws to protect Australian consumers from unregulated and often predatory lending practices. Continue reading.

Lending 98

Lending National Regulation Course 98

PYMNTS

AUGUST 14, 2018

Changes may soon be coming to the Military Lending Act (MLA), a piece of legislation designed to prevent military service members from getting swept up in deceptive or unfair lending practices. The product causing concern on the auto lending side of things is gap insurance. New Lending Rules . Retired Army Col.

Lending 100

Lending Regulation Kentucky Utah 100

Abrigo

JULY 27, 2023

Of course, banks and credit unions are highly regulated industries, and this is increasing. They must not only comply with regulations aimed at protecting the safety of the FI but also those protecting the customers/members.

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JULY 27, 2023

Of course, banks and credit unions are highly regulated industries, and this is increasing. They must not only comply with regulations aimed at protecting the safety of the FI but also those protecting the customers/members.

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JANUARY 25, 2021

Takeaway 3 Network with other bankers, auditors, regulators, and Abrigo experts. Abrigo’s annual conferences have brought together industry experts, financial institution peers, BSA/AML professionals, CPAs, auditors, and regulators for nearly two decades. Lending & Credit Risk. Lending & Credit Risk. SBA Lending.

San Antonio 195

San Antonio Conference Lending Texas 195

Abrigo

JANUARY 30, 2024

This year’s conference will feature industry experts, financial institution peers, BSA/AML professionals, CPAs, law enforcement, auditors, and regulators selected especially for their expertise and timely knowledge. Network with bankers, auditors, and regulators Networking has always been table stakes to ThinkBIG conference attendees.

Conference 195

Conference Arizona Phoenix Fraud 195

PYMNTS

JANUARY 18, 2018

Regulation has undoubtedly acted as a catalyst to major financial services trends in areas like small business (SMB) lending, faster payments and, most recently, open banking and collaboration with FinTechs. According to the results, banks argue that innovation, not just regulation, is behind the wheel of progress. Optimism Up.

Regulation 156

Regulation Innovation Fintech Marketing 156

PYMNTS

SEPTEMBER 20, 2016

CFO Lending , a U.K. s markets regulator that it has to return to customers $44.4 “Since then, we have worked closely with CFO Lending and are now satisfied with their progress and the way that they have addressed their previous mistakes.” The move against CFO Lending comes at a time when the U.K.’s

Lending 100

Lending Course Regulation Retail 100

PYMNTS

DECEMBER 10, 2016

Two years ago today, Lending Club was ringing the bell on an IPO that one early investor called “a no-brainer.”. Lending Club’s model does not need bank branches on each street corner, and it can turn around in minutes and hours, not days. “I So what went so right for LendingClub two years ago today at its IPO — and then so wrong?

Lending 100

Lending Compliance Capital Marketing 100

PYMNTS

AUGUST 4, 2016

The alternative lending space is crowded — oversaturated, some may say — and in the U.S. regulation is likely headed its way. marketplace lender OnDeck, alternative lending is likely to be mainstream in Australia as soon as the end of the decade. “We are not concerned about regulation,” Bertoli stated.”If

Lending 100

Lending Regulation Data Payments 100

CFPB Monitor

DECEMBER 4, 2019

The Department of Defense announced in its Fall 2019 rulemaking agenda that it is engaged in proposed rulemaking to amend its Military Lending Act (MLA) regulations, apparently in order to allow non-bank creditors to provide secured auto financing for purchase transactions. (The How did we get here?

Regulation 88

Regulation Security Lending Course 88

PYMNTS

AUGUST 15, 2018

That’s because, particularly in the last five years or so, CashCall’s existence has become somewhat more legally fraught as it increasingly faces the ire of consumer groups, judges and regulators over the products it offers. The California Court Loss. He went on to call Monday’s opinion “a dramatic, full-throated victory” for consumers.

Lending 101

Lending California Marketing San Francisco 101

PYMNTS

APRIL 26, 2016

With new regulations set to drop at some point later this spring and battle lines being drawn, payday lending (and short-term lending in general) are catching a lot of attention. Note: these loans are not offered over the course of a year. 391% | The average APR of a payday loan.

Lending 100

Lending Data Course Regulation 100

PYMNTS

DECEMBER 11, 2019

When it comes to lending — to say nothing of the wider world of payments — innovation and disruption have been on the rise in recent years thanks to digital and mobile technology, along with online marketplace models. So-called peer-to-peer (P2P) lending has certainly faced challenges in certain markets. More Focus on P2P Lending.

Fintech 144

Fintech Lending Regional Regulation 144

Abrigo

NOVEMBER 9, 2020

Prudential regulators have made it clear that while they will adjust supervisory strategies as appropriate to emerging risks of the pandemic, examiner scrutiny will continue assessing basic principles that ensure the safety and soundness of financial institutions. Loan administration is a basic and yet far-reaching process of lending.

System 195

System Lending Software Risk Management 195

Jeff For Banks

APRIL 4, 2024

Such as direct lending funds, and insurance companies. Shadow bank lending is similar to bank lending but is not subject to the same regulations, and compensating deposit balace requirements. And, according to some EDP students that are lenders, are turning to the shadow banking market that do not have deposit demands.

Banking Trends 119

Banking Trends Trends Millennials Oregon 119

PYMNTS

OCTOBER 16, 2018

The number of peer-to-peer lenders in China is projected to decline greatly to around 50 from more than 1,500 during the course of the next year. Several other industry executives told the Financial Times that the new regulations will push most of the companies out of the market.

Regulation 185

Regulation Lending Industry Course 185

Abrigo

APRIL 6, 2022

Takeaway 2 The change includes an obligation to inform regulators of a “notification incident” ASAP and no later than 36 hours after a reportable event occurs. Background Historically, the federal banking regulators required financial institutions to file two types of reports for certain cybersecurity incidents.

Security 195

Security Regulation District of Columbia United States 195

Abrigo

SEPTEMBER 5, 2023

unsecured lending is bad rather than unsecured lending should only be extended to high pass risk rated credit). The following is an example of how I would address the structural exception of non-recourse lending. Generally speaking (subject to Regulation B), business loans should be guaranteed by the principals of the borrower.

Policies 195

Policies Lending Risk Management Examples 195

Abrigo

DECEMBER 2, 2021

In a competitive lending environment, many banks and credit unions are concerned about losing good-quality loans if they over-price them. Learn how to satisfy regulators and yield more useful information in this whitepaper, "Effective Loan Review". Lending & Credit Risk. Consumer Lending. Lending & Credit Risk.

Conference 195

Conference San Antonio Lending Fraud 195

Abrigo

JANUARY 17, 2024

The Texas Advocacy Project provides legal services and financial literacy courses for victims who need help achieving financial security. Policies that promote the employment of former trafficking victims can help end cycles of trafficking, as well.

Training 259

Training Community Software Texas 259

South State Correspondent

APRIL 23, 2023

Analysts, regulators, legislators, and bankers have been attributing the root cause of SVB’s failure in the past month. Some blame the dilution of the Dodd-Frank provisions, others the lack of oversight by regulators, and others still blame social media for exacerbating the deposit run.

Management 195

Management Security Risk Management social media 195

PYMNTS

JULY 17, 2018

In one case at the state level (and it’s New York, so movement there carries much weight within the financial arena), Bloomberg reported that NY’s financial regulator is challenging what the newswire terms a “fundamental principle” on bank and FinTech relationships that brings interest rate caps into that regulator’s crosshairs.

Fintech 100

Fintech Regulation New York Management 100

CFPB Monitor

FEBRUARY 10, 2020

He will also teach a course on consumer finance regulation at Georgetown’s McCourt School of Public Policy and at Harvard Law School in the next academic year.

Policies 78

Policies Course Regulation Lending 78

Abrigo

AUGUST 9, 2019

Banks and credit unions must learn about these upcoming changes, adjust for them, and meanwhile continue to operate their existing institutions and meet customers’ needs while following all of the regulations that come with being a financial institution. It can all add up to a serious time crunch. See the entire agenda here.

Management 150

Management Conference Lending Training 150

CFPB Monitor

JANUARY 29, 2020

One of the most important areas of consumer financial regulation today is the use of internet- or social media-based platforms to target advertising for consumer financial products. Because the article represents one of the few regulatory perspectives on this issue, we highly recommend that financial institutions read it.

Lending 130

Lending social media Compliance Regulation 130

Bussman Advisory

JUNE 30, 2022

We offer advisory services for the executive team and in-person or virtual courses with tailored topics. The post Most prominent crypto hedge fund just defaulted on a $670m loan | EU agrees on crypto landmark regulation | The war for tech talents is only beginning appeared first on Bussmann Advisory AG.

Regulation 52

Regulation social media Fintech blockchain 52

PYMNTS

JANUARY 15, 2019

central bank, is getting a bit worried about sharing some of the financial infrastructure with tech upstarts such as OnDeck Capital and Kabbage , a sense of caution that the newswire said puts the bank “at odds with other regulators looking to bring [those firms] into the fold.”. Reuters reported early Monday (Jan.

Fintech 148

Fintech St. Louis System Regulation 148

PYMNTS

JANUARY 10, 2019

Thanks to a nationwide crackdown on peer-to-peer (P2P) lending in China, a move that came after a series of multibillion dollar scams in that space and resulting protests, the P2P industry there could see the number of players decline by as much as 70 percent in 2019. trillion yuan (nearly $180.4 The fall promises to be almost as spectacular.

Payments 134

Payments Lending Retail Course 134

PYMNTS

DECEMBER 7, 2017

The state of California’s insurance regulator is aiming to suspend or revoke the insurance licenses from Wells Fargo due to illicit sales practices with an online referral program. We have been cooperating with the CA Department of Insurance (DOI) over the course of this year.” The OCC gave the bank until Nov. 24 to respond.

California 108

California CA Regulation Policies 108

PYMNTS

AUGUST 4, 2020

Those ecosystems will leverage the trust that consumers have placed in traditional financial industry players and tech companies of all sizes – including Big Tech , of course. In this way, Google gets new users for its Pay offering , and the banks get new customers and strengthen their respective brands. Ready For The Digital Shift.

Google 298

Google Digital Banking Course Branding 298

FICO

JANUARY 19, 2023

At the same time, regulators are doubling down on their expectations of financial organisations and lenders to ensure they provide continued support to those who are deemed to be vulnerable or in financial difficulty.

Lending 52

Lending Strategy Analytics Data 52

PYMNTS

SEPTEMBER 28, 2016

Investors have cooled off to alternative lending in the U.S. Just look at the near-immediate struggle faced by Lending Club and OnDeck after their IPOs in 2014, or more recently, the knock-on effect Lending Club’s less-than-noble lending practices have had on investor confidence in other marketplace lenders.

Lending 100

Lending Regulation Capital Industry 100

PYMNTS

AUGUST 12, 2016

Upserve is said to have a fancy, slick restaurant management algorithm that could help Square Capital refine its own fancy, slick risk management algorithm to make better lending decisions. This could come as a welcome relief, as lending decisions will be based on data about the viability and success of the business, which helps everyone.

Lending 100

Lending Apple Cards Study 100

Abrigo

APRIL 15, 2020

Of course, many financial institutions these days are struggling simply to finalize PPP loans and disburse the funds, due to numerous questions surrounding the documents required to issue the loan. ( Overall, banks are like, ‘So we’re going to lend this money, and you tell me it’s guaranteed. Lending & Credit Risk.

Lending 221

Lending Philadelphia Payments Community 221