PYMNTS

JULY 31, 2019

The merchant cash advance is considered the payday loan for many in the small business lending market — and that’s not necessarily a good thing. Regulators have taken note. In May, the Federal Trade Commission launched an investigation into the MCA industry and allegations of its unfair lending practices.

Lending 162

Lending Washington Technology Security 162

American Banker

SEPTEMBER 8, 2020

Bankers and fintech executives want lawmakers returning to Washington to focus on streamlined forgiveness and a second round of Paycheck Protection Program loans for small businesses.

Washington 79

Washington Fintech Community Bank Community 79

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

Jeff For Banks

JUNE 20, 2017

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? They have to find out later, after a bureaucrat in Washington does a white paper. I got news for our lawmakers and regulators.

Data 60

Data FDIC Regulation Washington 60

CFPB Monitor

MAY 18, 2016

In his April 2016 appearance before the Senate Banking Committee, Director Cordray made clear that FinTech companies are on the CFPB’s radar screen. On June 23, 2016, the OCC will hold a forum in Washington, D.C. on “Supporting Responsible Innovation in the Federal Banking System.”

Innovation 68

Innovation Washington Risk Management Fintech 68

Independent Banker

NOVEMBER 25, 2015

A mix of players, FinTech firms pose threats and opportunities. Call them disruptors, upstarts or the voguish FinTech companies. This is why ICBA and community banks must continue to push consistent regulation of bank and nonbank financial service providers. Illustration by Getty images / Chris Ede. By Kelly Pike.

Community Bank 70

Community Bank Community Analytics Lending 70

PYMNTS

FEBRUARY 19, 2019

Reports said Powell noted that looser community bank regulations may help keep branches open. Earlier this month, separate reports revealed that MOXY Bank has been approved by the Federal Deposit Insurance Corporation (FDIC) to launch in Washington, D.C., Bank mergers aren’t the only factor behind closing bank branches, however.

Marketing 108

Marketing Community Community Bank Industry 108

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.

Lending 195

Lending Data Compliance Regulation 195

Fintech Labs Insights

APRIL 4, 2016

Here are the fintech deals by size from 26 March to 1 April 2016: Ceridian. HQ: Fort Washington, Pennsylvania. Tags: Consumer, lending, deposits, loans, payments, banking, underbanked, non-banked. Bluefin Payments received $6 million to expand its secure payment system. Stratumn grabbed $670,000 for its blockchain services.

New York City 12

New York City Company Fintech California 12

Gonzobanker

DECEMBER 19, 2017

FinTech threats and distractions. Heavy-handed regulators. 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. Payments chaos.

Conference 101

Conference Industry Community Bank Community 101

Fintech Labs Insights

AUGUST 8, 2016

There has been an average of 28 fintech deals per week this year. Fintech deals by size from 9 July to 15 July, 2016: Blockchain Intelligence Group. HQ: Seattle, Washington. The post Fintech Fundings: 32 Companies Raise $210 Million Second Week of July appeared first on Finovate. Total dollars raised YTD is $18.1

Company 12

Company Fintech New York City blockchain 12

PYMNTS

JANUARY 31, 2019

is set to see its first new community bank in decades, as the Federal Deposit Insurance Corporation (FDIC) lent its approval for MOXY Bank to launch in Washington, D.C. Reports in FinTech Futures on Wednesday (Jan. In a report published last year, the U.S. have emerged to do. . have emerged to do. .” have emerged to do.

Community Bank 122

Community Bank Community FDIC Marketing 122

PYMNTS

APRIL 5, 2017

As a new administration settles into Washington, D.C., Looking at bank and financial regulation closer to home, Dimon stated that the Financial Stability Oversight Council, which traces its gestation from the Dodd-Frank Act, should be revamped, adding that corporate taxes in the U.S.

Taxes 115

Taxes United States Washington Policies 115

CB Insights

DECEMBER 7, 2017

FINTECH TRENDS Q3 2017 RESEARCH BRIEFING. Fintech deals and funding are on track to reach record highs in 2017. In this analysis, we examine what mortgage tech is, what its impact will be on incumbent players and fintechs, and the key drivers creating a big opportunity in mortgages now. What is mortgage tech?

Millennials 69

Millennials Lending United States Technology 69

CB Insights

MAY 23, 2019

Zenefits skirts compliance regulations. Mozido’s fintech fraud fiasco. 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. Mozido’s fintech fraud fiasco.

Fraud 78

Fraud Las Vegas Company Video 78

Fintech Labs Insights

AUGUST 14, 2015

Since June 1 we’ve seen 189 fintech deals globally raising a total of $3.1 ——— Fintech Unicorn Watch : Along with Yodlee’s near-unicorn exit , another apparent fintech unicorn was crowned when London-based Skrill (formerly Moneybookers) was acquired by Optimal Payments for a reported $1.2

New York City 12

New York City Company Fintech New York 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. Regulator Award. Bank: Washington Federal and Fiserv deserve major kudos for the conversion of this $15 billion bank with 250 branches onto the DNA core platform.

Community Bank 60

Community Bank Apple Community Technology 60

FICO

AUGUST 27, 2018

It’s August and it’s hot in Washington DC. Yet in the nation’s capital, fintech policy may actually be hotter than the temperatures outside. 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.

Policies 49

Policies US Fintech DC 49

Current

NOVEMBER 10, 2020

However, any movement towards tightening regulations may be limited to what’s attainable through executive action, if the GOP maintains control of the Senate. If there is a second stimulus, expect to see the money spent in similar patterns.

Fintech 105

Fintech DC Leadership Policies 105

PYMNTS

APRIL 9, 2016

Moreover, Dimon warned that regulating the biggest banks in the United States out of existence won’t solve any real problems — just move the issue to Chinese shores, where big banks will still be able to operate. The resurgent credit is a good thing – but a thing that needs to be nurtured and controlled – with regulation.

Regulation 100

Regulation Lending Omaha America 100

FICO

JANUARY 9, 2017

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. A little-known law will have big impact on regulation. Everything changed on November 8. You are not alone.

Regulation 40

Regulation Lending New York Leadership 40