PYMNTS

FEBRUARY 24, 2016

When OnDeck first went public in 2014, around the same time that fellow alternative lender Lending Club did, it signaled the possibility of a new era of small business finance. But the company, at the time, admitted disappointing results from a marketing campaign, as well as the challenge of an increasingly saturated alt-lending scene.

Lending 100

Lending Leadership Online Regulation 100

PYMNTS

DECEMBER 16, 2019

Peer-to-peer (P2P) lending platforms have shuttered in China’s Hebei province as regulators aim to get rid of deception and inefficiency in the sector, South China Morning Post (SCMP) reported on Friday (Dec. By the end of October , Shanghai regulators ordered more than 40 P2P lenders to get ready to close.

Leadership 131

Leadership Regulation Regional Lending 131

Independent Banker

AUGUST 31, 2022

Our senior leadership team took that to heart, and it stuck with us, creating an environment in which compliance plays a significant role in everything from our strategic direction to our daily operations. Fair Lending/Section 1071/TRID. Data/Third-Party Management/Cyber. My top three.

Compliance 177

Compliance Community Leadership Industry 177

Gonzobanker

FEBRUARY 29, 2024

While growth and scale are helpful, bank leaders need to dive deeper into enterprise performance data to uncover the smart efficiency opportunities. It’s very hard for regulated banks and credit unions to gain any meaningful efficiencies under $1 billion in assets. Why is this important?

Tools 163

Tools Analytics Data System 163

Gonzobanker

JUNE 14, 2023

Cross River Bank recently found itself in hot water with the FDIC when the agency declared that the bank engaged in unsafe or unsound banking practices in relation to its compliance with fair lending laws and regulations, specifically the Equal Credit Opportunity Act and the Truth-in-Lending Act.

Compliance 109

Compliance FDIC Strategy Fintech 109

PYMNTS

OCTOBER 18, 2019

Consumer and business lending crumbled last year, prompting regulators to lower the cost of borrowing. The People’s Bank of China released data in September that showed 2.27 The tech unicorn Ant Financial has grown into a $150 billion enterprise under Ma’s leadership. “They’re still experiencing a very strong growth.

Lending 101

Lending Leadership Mobile Regulation 101

PYMNTS

APRIL 25, 2016

But between the flashier bookends of the week, there was data up for grabs. Visa is determined to make EMV faster, Starbucks wants to make getting that cuppa joe faster, too, and is crushing it with mobile order ahead and the CFPB might be moving closer to having a fast exodus of the payday lending business once its rules drop.

Lending 100

Lending Mobile Cards Fraud 100

CFPB Monitor

FEBRUARY 11, 2021

The publication of Mr. Uejio’s statement to CEEA follows the publication of his statements to the Bureau’s Division of Supervision, Enforcement, and Fair Lending and Division of Research, Markets, and Regulations.

Company 148

Company Report social media Community 148

Insights on Business

OCTOBER 3, 2018

Mounting pressures on financial institutions to drive out costs, improve customer experience, complete with emerging players, and comply with new regulation mean that adopting advanced technologies will not be optional. Perhaps no industry more than finance is more concerned about maintaining data privacy.

Industry 155

Industry Innovation blockchain Compliance 155

Abrigo

DECEMBER 30, 2019

Exam findings and consent orders can become positive experiences by using the data to enhance your institution’s BSA program and improve the results of your next exam. He suggests using this data to reverse engineer your exam experience for 2020 and start the year on a proactive note. This is a must-have risk management concept.

Training 195

Training Compliance Leadership Fraud 195

PYMNTS

OCTOBER 1, 2018

A top infrastructure lender in India is now being questioned by regulators over its $12.6 According to regulators, the financier’s existing debt struggles may pose a risk to other non-bank lenders as it gears up to manage $500 million in repayment obligations in the coming six months.

Marketing 108

Marketing Regulation Leadership Groups 108

Independent Banker

MARCH 31, 2022

Derek Williams: My biggest concern is the Consumer Financial Protection Bureau’s (CFPB) Small Business Data Collection rule and its potential negative impact on our ability to meet legitimate small business borrowing needs, including additional costs and privacy issues. This is why sharing our customer stories is so important.

Community Bank 239

Community Bank Community Industry Texas 239

CFPB Monitor

JANUARY 12, 2021

The Taskforce was charged with examining the existing legal and regulatory environment for consumers and financial services providers and making recommendations to the Bureau’s leadership for improving consumer financial laws and regulations. Key Taskforce recommendations include the following: Alternative data.

Report 78

Report Regulation Policies Compliance 78

Gonzobanker

DECEMBER 17, 2021

million gets the vaunted consumer lender a much-prized bank charter, low-cost deposits to juice current earnings, and a business lending capability to drive future growth. Lifetime Leadership Achievement Awards. We salute a legend of lending and credit union leadership. The Bank That Gets Fintech.

Fintech 147

Fintech Strategy Leadership Lending 147

PYMNTS

FEBRUARY 19, 2019

Earlier this month, the Federal Reserve released new data that found the average merger review time for deals in the banking sector declined to 3.8 It also meant the loss of financial advice, local civic leadership and an institution that brought needed customers to nearby businesses,” Powell said last week , according to reports.

Marketing 108

Marketing Community Community Bank Industry 108

CFPB Monitor

MARCH 30, 2015

On March 26, the CFPB held a public hearing on payday and auto title lending, the same day that it released proposed regulations for short-term small-dollar loans. ” Cordray explained and defended the CFPB’s proposed new regulations. Kelly Cochran, Assistant Director for Regulations, CFPB.

Virginia 60

Virginia Lending Regulation America 60

PopularBank

MAY 25, 2021

The panel was hosted on April 29, 2021 and brought together senior housing lending, legal and environmental experts to discuss unique challenges they faced amid COVID-19 disruption and shaping the industry’s future. Are you following current regulations? Underwriting valuation and lending requirement strategies to shift.

National 52

National Industry Lending Strategy 52

Independent Banker

NOVEMBER 30, 2022

An entrepreneur with a background in accounting and finance, CEO and chairman of the board Thomas Swenson set up Montana Business Capital Corporation in 1998 with a focus on job creation and economic development lending. Our leadership consistently articulates and demonstrates a commitment to being a great place to work.”.

Community Bank 169

Community Bank Community Montana Leadership 169

PYMNTS

DECEMBER 3, 2016

I do not want any American to look back in 20 years and try to figure out how and why America’s banks lost the leadership position in financial services. This year Dimon was warning against a desire to use regulations as a punitive measure against banks that are increasingly unfairly demonized. . This is gutless leadership.”. —

Payments 100

Payments Los Angeles Lending Leadership 100

Gonzobanker

MAY 7, 2018

Progress made in the efficiency ratio has primarily been achieved by: greater interest income through lending activity; a near-zero cost of funds environment; and. To reach the efficiency levels of a next generation bank, leadership needs to set more ambitious targets for employee and staff dollar productivity.

Leadership 87

Leadership Operations Lending Strategy 87

PYMNTS

NOVEMBER 28, 2016

banks, meanwhile, have risen in financial stability regulators’ ranks for how much of a risk they pose to the global financial system should they fail. The company’s CEO, Conrad Ford, highlighted the data against that of bank overdraft loans to SMEs, which decreased by 37 percent during the same five-year period.

America 100

America Guidelines Report System 100

PYMNTS

MAY 9, 2016

Dive into the data below to make up your own mind. . Further, 80 percent said they’re concerned about the government and its ability to bring effective leadership across government branches. Thomson Reuters and PayNet released their latest Small Business Lending Index, which saw its sixth decline in the last nine months, reports said.

America 100

America National Capital Survey 100

FICO

JUNE 18, 2018

Are we making the progress we want to see — and regulators demand — on non-performing loans (NPL)? That’s the topic I explored with banking leaders from across the Europe, Middle East and Africa at our EMEA Risk Leadership Summit in May. Reduced appetite for new lending. Increase in impairments costs.

Marketing 63

Marketing Leadership Lending Capital 63

CFPB Monitor

MARCH 17, 2022

Consistent with expectations that the CFPB under Director Chopra’s leadership would take an expansive view of its statutory authorities, the CFPB has announced its intention to use its authority to prohibit unfair, deceptive, or abusive acts or practices (UDAAPs) to target discriminatory conduct, even where fair lending laws may not apply.

Policies 78

Policies Analysis Marketing Leadership 78

Abrigo

SEPTEMBER 14, 2022

What banks need to know as the CFPB gets closer to its final rule Banks, credit unions, and other creditors may be required to collect more data for each application under a new rule. Takeaway 1 The CFPB's proposed rule would require any lender with 25 or more covered transactions to collect more data for each application.

Lending 195

Lending Data Regulation Community 195

Gonzobanker

NOVEMBER 9, 2015

The consensus is that the next phase of blockchain will be laying the foundation and identifying its two biggest hurdles: cost and regulation. Frank Bisignano of First Data and team showed the latest version of Clover, first announced at Money20/20 in 2013. This software provides easy to use “Big Data,”. They’re applying it.

blockchain 60

blockchain Bitcoin Lending Innovation 60

Lex Sokolin

SEPTEMBER 19, 2019

Fintech is the global competition for regulation, talent, and macroeconomic supremacy. much of it flowing to data aggregators, banking-as-a-service entrants, and insurtech (e.g., In Europe, over $10 billion could be invested this year, doubling that of 2018 and driven by the sector’s leadership in integrated digital banking (e.g.,

Fintech 40

Fintech Lending United States Data 40

PYMNTS

JULY 15, 2016

But the big boo-boo/no-no was that FDIC employees knowingly and intentionally provided false information to investigators in an effort to confuse regulators, including putting forward “a narrative” intended to sway investigators from continuing an inquiry. Lending Club Algorithms . Really, since when?).

Retail 100

Retail FDIC Bitcoin Lending 100

CB Insights

FEBRUARY 13, 2020

Leadership and board members. Business lending and corporate cards. This process also comes with hurdles like regulations, fees, compliance standards, and payment card issuers — all of which become increasingly complex for international transactions. Company Leadership & Board Members. Fraud prevention tools.

Online 98

Online Company Retail Payments 98

Gonzobanker

DECEMBER 19, 2017

Heavy-handed regulators. Endless CRM and data management projects that shook our foundations and gutted our PMOs. BNC shareholders got a terrific premium, a 47% dividend increase, and a continued leadership role for Richard D. The Real “Lending” Stock Award – Goes to longtime player LendingTree. Payments chaos.

Conference 101

Conference Industry Community Bank Community 101

PYMNTS

SEPTEMBER 3, 2019

Also, incoming European Union (EU) leaders are planning laws governing artificial intelligence (AI) as well as big data. And regulators are taking a close look at payroll advance apps. Regulators Taking a Close Look at Payroll Advance Apps. Regulators are looking into financial apps that let workers access their pay early.

Innovation 101

Innovation Data Taxes Payments 101

CFPB Monitor

DECEMBER 13, 2018

The CFPB has issued a new annual report covering its fair lending activities during 2017. Since Mick Mulvaney did not become Acting Director until the end of November 2017, the fair lending activities described in the report largely took place under former Director Cordray’s leadership.

Lending 92

Lending Report Regulation Leadership 92

Javelin Strategy & Research

SEPTEMBER 2, 2014

My 30 year career started in merchant e-commerce technology, with numerous product management/leadership/launch roles before moving over to product-innovation research some fifteen years ago. In my Javelin work I frequently analyze our proprietary data to search for the elusive “win-win”. I have a lot to learn!

Innovation 58

Innovation DC FDIC Strategy 58

Gonzobanker

MAY 8, 2020

They may be looking for a dance partner or hiding from a regulator. However, a lack of solid earnings trends leads to bad things when shareholders, board members and regulators begin to express their concerns and potentially disrupt the direction of the institution. Practice the art of surgical lending. Ready … break! “In

Lending 114

Lending Analytics Analysis Capital 114

CFPB Monitor

SEPTEMBER 11, 2018

The CFPB’s newly-released Summer 2018 edition of Supervisory Highlights represents the CFPB’s first Supervisory Highlights report covering supervisory activities conducted under Acting Director Mick Mulvaney’s leadership. Payday/title lending. Small business lending. On October 10, 2018, from 12 p.m. to 1 p.m. (The

Lending 68

Lending Policies Compliance Cards 68

CFPB Monitor

DECEMBER 15, 2020

It represents the CFPB’s fourth rulemaking agenda under Director Kraninger’s leadership. Other items listed in the agenda on which the CFPB expects to take action before the end of this year and next year include: Business Lending Data (Regulation B). Home Mortgage Disclosure Act (Regulation C).

Policies 78

Policies Regulation Data Lending 78

CFPB Monitor

MAY 27, 2021

The CFPB has filed its fifth status report with the California federal district court as required by the Stipulated Settlement Agreement (Agreement) in the lawsuit filed against the Bureau in May 2019 alleging wrongful delay in adopting regulations to implement Section 1071 of the Dodd-Frank Act.

Report 78

Report Leadership Conference Regulation 78