PYMNTS

JANUARY 19, 2021

With more financial institutions (FIs) turning to external third-party FinTechs to strengthen their small- to medium-sized business (SMB) and corporate offerings, the collaboration model is proliferating across national borders. National Australia Bank Chooses Eedenbull. Absa Group Collabs With Surecomp. BNL Goes Live With Tink.

Fintech 341

Fintech National Groups Tools 341

PYMNTS

APRIL 3, 2020

The People’s Bank of China (PBOC) trimmed the amount of cash some banks must put aside as reserves as a way to encourage lending, as the world’s second-largest economy is set for the slowest growth since the 1970s. That would provide each lender with an extra $14 million of long-term liquidity.

Lending 136

Lending National Report Groups 136

PYMNTS

OCTOBER 29, 2018

policymakers, or Members of Parliament (MPs), are slamming financial institutions (FIs) for their treatment of small business (SMB) borrowers, and are calling on the government to overhaul business lending regulations as a result. Reports in Reuters late last week said the U.K.

Lending 162

Lending Regulation Report National 162

CFPB Monitor

FEBRUARY 7, 2024

Several national and Texas banking and business trade groups have filed a lawsuit in the U.S.

Texas 78

Texas Community Groups FDIC 78

PYMNTS

AUGUST 29, 2017

As Australian regulators continue to press the nation’s largest banks for fairer small business lending practices, a new small- to medium-sized businesses (SMB) lending platform is headed for the market. Australian Finance Group said Monday (Aug.

Groups 109

Groups Lending Training Regulation 109

PYMNTS

NOVEMBER 17, 2019

Sterling Bancorp announced that it has launched its new Innovation Finance Group , and has tapped veteran technology bankers John Hoesley and Josh Roberts to lead it. Before joining Sterling, Hoesley was at CIBC Bank USA with Josh Roberts, where the two established the Innovation Banking group in 2014.

Groups 116

Groups Innovation Capital Leadership 116

PYMNTS

MARCH 19, 2019

However, while regulators are happy to see shadow lending fade, the sector’s main borrowers — private companies — are feeling the strain. Private firms rely on shadow lending, since state-owned banks favor lending to government-controlled companies. Of those defaults, private groups comprised more than ¥16 billion.

Lending 100

Lending Regulation Maine Regional 100

PYMNTS

DECEMBER 11, 2020

These interactions must give consumers the impression that they are still transacting with the same bank regardless of which channel they have chosen to use, said Eric Schuppenhauer , president of consumer lending and national banking at Citizens Financial Group.

Groups 169

Groups Mobile Tools Branding 169

PYMNTS

MAY 8, 2020

The poll was conducted by a San Francisco-based advocacy group called Small Business Majority, and its CEO John Arensmeyer has been a proponent of community grants that exist outside of the formal banking system that has controlled government aid up to this point. Most small businesses don’t have a lending relationship with a bank.

Maine 142

Maine Groups San Francisco Lending 142

PYMNTS

DECEMBER 23, 2019

More should be learned from the rise and fall of the peer-to-peer (P2P) lending sector, during which regulations were not introduced quickly enough, said economics professor Huang Yiping at the National School of Development of Peking University to Reuters.

Regulation 202

Regulation Groups Policies Big Data 202

PYMNTS

JANUARY 29, 2020

Florida FinTech Fidelity National Information Services (FIS) is partnering with London FinTech Liberis , to offer small to medium-sized businesses (SMBs) an alternative funding source, FIS announced in a press release Wednesday (Jan. Liberis Group. FIS merchants in the U.S. With the introduction of Working Capital, U.S.

Lending 131

Lending Florida Capital Fintech 131

Independent Banker

JUNE 30, 2022

Particularly for small businesses, community banks should make sure they use up-to-date tools to assess risk, such as relying more heavily on the owner’s personal credit, says Joel Pruis, who leads the commercial and small business lending practice at Cornerstone Advisors in Scottsdale, Ariz. Learning about lending.

Lending 103

Lending Strategy Community Bank Community 103

PYMNTS

OCTOBER 9, 2020

In today’s top payments news around the world, cross-border payment platform dLocal has grown its network, while Mambu is joining forces with New Zealand digital lending platform Ranqx to enhance digital lending. Mambu, Ranqx Partner to Enhance SMB Digital Lending. dLocal Grows Cross-Border Payments Network in LatAm.

Lending 100

Lending Payments Mobile National 100

PYMNTS

MAY 22, 2018

All four of Australia’s Big Four lenders — Westpac, Australia and New Zealand Banking Group, Commonwealth Bank of Australia and National Australia Bank — admitted to misconduct related to small business (SMB) lending practices as the nation’s inquiry into industry wrongdoings continues.

Lending 100

Lending National Groups Industry 100

PYMNTS

OCTOBER 1, 2019

India-based financial services provider Reliance Capital has announced it will exit the lending market. Anil Ambani , group chairman of the non-bank financial company (NBFC), revealed the firm’s plans on Monday (Sept.

Capital 109

Capital Lending Regulation Operations 109

Perficient

NOVEMBER 20, 2020

In late September they gathered a group to clean up the local Garfield Park. Lend a Helping Hand. So how can you help both local and national parks? Get involved by joining a local conservation or environmental group. Get involved by joining a local conservation or environmental group.

Chicago 322

Chicago Community National Groups 322

PYMNTS

NOVEMBER 23, 2017

New York Venture Bank, a new financial institution (FI) created by big names in the financial services industry, has applied for a national bank charter. Carpenter currently serves as chairman of Pacific Mercantile Bancorp and as a consultant to the group through his Carpenter & Co. According to a Wednesday (Nov.

New York 100

New York National FDIC Lending 100

TheGuardian

OCTOBER 4, 2020

about the proposed “reform” of the National Consumer Credit Protection Act, I smell a very large rodent. 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.

Lending 90

Lending National Regulation Course 90

South State Correspondent

NOVEMBER 29, 2023

One of the lessons that was driven home at the recent American Banker Small Business Banking Conference in Nashville was the difference in marketing between large national banks and community banks, particularly deposit marketing. The bank can then record conversions as they market to this test group. There is a reason for this.

Marketing 195

Marketing Regional National Nashville 195

CFPB Monitor

JANUARY 7, 2019

I am pleased to share with our blog readers that Alan Kaplinsky, who leads our firm’s Consumer Financial Services Group, was recently awarded the National Law Review’s Go-To Thought Leadership Award in Consumer Finance for his work on our blog, Consumer Finance Monitor. We certainly hope that our readers will agree.

Leadership 60

Leadership National Lending Industry 60

PYMNTS

JANUARY 11, 2021

Providence, Rhode Island-based Citizens Financial Group is advancing the reach of its national point-of-sale (POS) offering for merchants, renaming it Citizens Pay, the company announced Monday (Jan. The point-of-sale lending space is a high-growth area and attracts customers that exhibit strong credit performance,” added Rostami. “We

Rhode Island 190

Rhode Island Groups National Retail 190

CFPB Monitor

OCTOBER 4, 2022

The key allegations in the DOJ’s complaint are the following: During the relevant time period (2015-2021), the Newark, New Jersey-Pennsylvania Metro Division (Newark MD) as delineated in 2015 included Essex, Somerset, Union, Sussex, and Morris counties in New Jersey (Newark Lending Area). unlikely to be caused by chance) and sizeable.

New Jersey 147

New Jersey Lending Community National 147

CFPB Monitor

SEPTEMBER 22, 2022

Expressing a range of concerns, several key industry groups submitted comments to the Federal Trade Commission (“FTC”) last week regarding its proposed rule that would impose new substantive and disclosure obligations on auto-dealers in the auto finance process.

Regulation 148

Regulation Groups Customer Experience Retail 148

PYMNTS

JUNE 26, 2018

Accountants with small business customers facing regulatory compliance or enforcement issues will be able to seamlessly direct those clients to the SBA ’s Office of the National Ombudsman (ONO), which helps to resolve those matters. The SBA and AICPA have been working together since 2008, the entities noted.

Groups 101

Groups National Compliance Lending 101

PYMNTS

FEBRUARY 28, 2020

28) that digital currencies could potentially dry up lending for banks and affect the economy as a whole, according to a report by Reuters. The group will be co-chaired by Cunliffe and former ECB official Benoit Coeure , who helms the BIS Innovation Hub.

social media 239

social media cryptocurrency Study Groups 239

South State Correspondent

MAY 23, 2022

The graph below compares the loan repricing mix for banks under $2B in assets, over $25B in assets, and the national average over the last year. The top three bands (grouped by the gullwings) are fixed-rate loans, and the bottom three bands (also grouped by the gullwings) are floating and adjustable loans. The Lending Curve.

Lending 195

Lending Community Bank Community Capital 195

CFPB Monitor

NOVEMBER 11, 2020

The National Association for Latino Community Asset Builders, represented by Public Citizen and the Center for Responsible Lending, filed a lawsuit against the CFPB in D.C. Both sides have filed motions for summary judgment and briefing is scheduled to be completed next month.

Groups 78

Groups Community Texas Lending 78

PYMNTS

OCTOBER 24, 2019

The Kenyan National Assembly is considering a law that would make mobile lenders in the country subject to central bank oversight, which would force them to reveal transactions fees and interest rates before they dole out loans. According to the nation’s central bank, “customers will be scored and advised of their credit limit.

Mobile 101

Mobile Regulation Lending National 101

PYMNTS

JANUARY 12, 2021

Porter Capital , which works with accounts receivable (AR) financing and asset-based lending solutions, will provide more funding for businesses in need of extra money from their current Paycheck Protection Program (PPP) funds, according to a press release.

Capital 178

Capital Tools Lending Community 178

PYMNTS

JULY 16, 2018

New rules may loom for technology providers pertaining to privacy — on a national level. In the banking sector at large, lenders are lending and shadow banks might be, too. Malta’s own financial watchdogs had failed to make sure the bank had followed proper procedures geared toward money laundering. Bankers Should Mull Risks of Junk.

National 100

National California Regulation United States 100

CFPB Monitor

DECEMBER 22, 2016

Yesterday, several national civil rights groups issued a joint statement applauding the CFPB’s work and expressing support for Director Cordray “as he continues to lead the CFPB in the fourth year of his five-year tenure.” ”

Groups 60

Groups Leadership Community National 60

CFPB Monitor

OCTOBER 20, 2021

A group of 96 organizations and individuals, who describe themselves as consisting of “consumer, labor, civil rights, legal services, faith, community and financial organizations and academics,” have sent a letter to the CFPB urging the Bureau to regulate fee-based earned wage access (EWA) products as credit subject to the Truth in Lending Act.

Regulation 78

Regulation Groups Analysis Lending 78

Abrigo

JULY 10, 2020

Both advisor ies further remind institutions that detecting and reporting fraud and other illicit activity is critical to our national security and protecting innocent people from harm. Lending & Credit Risk. Member Business Lending. SBA Lending. Ag Lending. CRE Lending. Lending & Credit Risk.

Fraud 195

Fraud Lending Software Analytics 195

South State Correspondent

AUGUST 21, 2023

The graph below shows net interest margin (NIM) for three asset-sized bank groups. Asset yield is similar for the three asset-sized bank groups, but as shown in the graph below, community banks currently have a cost of funds (COF) advantage relative to larger banks.

Community Bank 195

Community Bank Community Capital Analysis 195

CFPB Monitor

DECEMBER 9, 2015

In late September, the CFPB and DOJ announced a proposed consent order with Hudson City Savings Bank to settle allegations that the bank had engaged in a pattern or practice of redlining in its residential mortgage lending. The webinar is hosted by the American Banker and National Mortgage News.

Lending 60

Lending National Groups 60

PYMNTS

AUGUST 30, 2020

government's Economic Injury Disaster Loan (EIDL) program, plagued by delays and fraud, has created attention for a firm that netted around $800 million in fees while subcontracting the work out to the nation's largest mortgage lender, The Wall Street Journal (WSJ) reported. which owns Quicken Loans as well. Rocket Cos. Rocket Cos.

Ohio 271

Ohio Virginia Fraud Lending 271

PYMNTS

MARCH 22, 2017

According to the latest data out of auto lender Ally Financial, the auto lending segment seems to be encountering some engine trouble — brought on largely by rising defaults and falling used car prices. on the other hand, makes nearly all its consumer auto loans to this group.

Lending 100

Lending Taxes National Data 100