CFPB Monitor

DECEMBER 13, 2021

The report discusses the Bureau’s examinations in the areas of credit card account management, debt collection, deposits, fair lending, mortgage servicing, payday lending, prepaid accounts, and remittances that were completed between January 2021 and June 2021. Fair lending. Payday lending.

Lending 78

Lending Cards Regulation Payments 78

PYMNTS

FEBRUARY 6, 2020

Let me just say at the outset that I remain very concerned about Director Kraninger’s misguided leadership of the Consumer Bureau,” Waters said. With this policy statement, you have made it clear that under your watch bad actors will come first and consumers will come last,” she said. “Of

Policies 151

Policies Leadership America Course 151

PYMNTS

JUNE 4, 2019

Biz2Credit, the online lending platform that helps banks and other financial institutions manage small and medium-sized business (SMB) lending processes, announced Tuesday (June 4) that it raised $52 million in venture funding. In a press release , Biz2Credit said the Series B funding round was led by WestBridge Capital.

Lending 122

Lending Risk Management Analytics Leadership 122

PYMNTS

FEBRUARY 7, 2019

While there were many provisions to the payday lending rules as originally passed, the one that caused the greatest controversy was the “ability to repay” provision that would have required short-term lenders to establish a borrower’s ability to repay before offering them a small-dollar, short-term lending product.

Lending 100

Lending Regulation Online Leadership 100

CFPB Monitor

JULY 27, 2015

The settlement includes AHFC’s agreement to change its auto dealer compensation policy, pay $24 million in restitution, and distribute $1 million towards the administration and operation of a consumer financial education program. When the settlement was announced, we prepared a detailed legal alert.

Policies 60

Policies Leadership Company Lending 60

CFPB Monitor

MARCH 9, 2021

Providing further confirmation that the CFPB plans to ramp up its enforcement efforts under its new leadership, the CFPB is recruiting one or more attorneys from other federal agencies to work in its Office of Enforcement.

Leadership 78

Leadership Policies Lending Regulation 78

Abrigo

DECEMBER 5, 2023

Leadership and management: Leading and effectively managing a compliance team is a significant part of the role. This includes training staff on BSA/AML policies and fostering a culture of compliance. Working closely with other departments, such as retail and lending, is critical to ensuring enterprise-wide compliance.

Training 221

Training Compliance Regulation Software 221

PYMNTS

MAY 12, 2016

Payday loans and the advertising of some lending products just got a lot less Google-friendly. Google announced that it has updated its AdWords policy to effectively ban advertisers from marketing a number of lending products starting July 13. credit cards).”

Google 100

Google Policies Lending Leadership 100

Abrigo

DECEMBER 30, 2019

It is critical for leadership and the Board of Directors to be engaged in all areas of the institution, including compliance with the BSA. Enforcement actions can lead to cease and desist of any mergers or acquisitions, new branches, and in some cases no lending or other growth avenues. Ensure There Are Adequate Resources. Learn more.

Training 195

Training Compliance Leadership Fraud 195

Independent Banker

AUGUST 31, 2021

“Sound profitability strategies will be essential over the next year as community banks cope with stagnant interest rates and rising prices,” says Noah Yosif, assistant vice president, policy research and economist at ICBA. Build a lending niche. Here are seven factors community banks should consider as they enter budgeting season.

Community Bank 170

Community Bank Community Lending Leadership 170

CFPB Monitor

JULY 27, 2020

The Bureau’s Fair Lending Supervision program initiated 14 supervisory events during the period covered by the report, which is 2 fewer than the number of such events initiated during the period covered by the prior semi-annual report.

Report 78

Report Lending Leadership National 78

PYMNTS

APRIL 13, 2018

The end-to-end solution supports travel booking, administration and policy management, analytics and customer service, with a particular focus on SMB clients, according to TechCrunch reports. The company said it plans to use the investment to expand geographically, strengthen its leadership team and focus on technology development.

Lending 129

Lending blockchain Capital Software 129

CFPB Monitor

FEBRUARY 5, 2020

In addition, the Bureau provided supervisory recommendations “relating to supervisory concerns related to weak or nonexistent fair lending policies and procedures, risk assessments, fair lending testing, and/or fair lending training.”.

Report 78

Report Lending Leadership Training 78

CFPB Monitor

NOVEMBER 21, 2022

The report discusses the Bureau’s examinations in the areas of auto servicing, consumer reporting, credit card account management, debt collection, deposits, mortgage origination, mortgage servicing, and payday lending that were completed between January 1, 2022 and June 31, 2022. Key findings by CFPB examiners are described below.

Report 78

Report Cards Lending Management 78

PYMNTS

JANUARY 17, 2017

While CAN Capital’s decision to bring on DeMeo initially proved a positive one, leading to hundreds of millions in debt financing, its decision to position itself against newer alternative lenders meant a change in its lending process. WSJ isn’t the first to make this connection. Late last year, American Banker drew similar conclusions. “As

Capital 100

Capital Lending Leadership Policies 100

Gonzobanker

OCTOBER 26, 2021

We see bank leadership earnestly working through the spirit of ESG in dozens and dozens of boardrooms across the country, and we are bullish that corporate and workplace leadership will be a catalyst for positive change. No one wants anything to be misinterpreted as a lack of sincerity. Earning the Trust of the Stakeholders.

Leadership 97

Leadership Compliance Strategy Branding 97

Abrigo

MARCH 28, 2016

With more competition, institutions are lending in new areas, adjusting underwriting standards and seeking to grow via mergers and acquisitions. Despite the pressure, banks and credit unions must remain diligent across departments to ensure policies and procedures are in place – and followed – by everyone.

Training 150

Training System Leadership Analysis 150

Abrigo

MARCH 21, 2023

The blue line shows the effective funds rate, or the average rate at which institutions are actually lending and borrowing funds from one another. The other is as an opportunity to improve upon policies, procedures, tools, and the like, which can benefit both the institution and shareholders. Specifically, Q1 2022 volume averaged $72.27

Risk Management 195

Risk Management Management Strategy Lending 195

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

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

CFPB Monitor

AUGUST 13, 2018

In May 2018, the OCC issued a bulletin setting forth core lending principles and policies and practices for short-term, small-dollar installment lending by national banks, federal savings banks, and federal branches and agencies of foreign banks and encouraging banks to engage in such lending.).

FDIC 68

FDIC Community Lending Guidelines 68

PYMNTS

FEBRUARY 19, 2019

banking industry is in flux, largely thanks to federal policy that has made it easier (and faster) for institutions to merge. 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

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. The report consists of two volumes. Enforcement. Fintech regulation. Small dollar credit.

Report 78

Report Regulation Policies Compliance 78

PYMNTS

SEPTEMBER 27, 2019

Colombian alternative small business lending platform Sempli announced $8 million in funding this week from Oikocredit and Incofin CVSO, according to a press release. Teampay offers companies spend management software designed to manage procurement and employee spend with a focus on the employee user experience and company policy enforcement.

Payments 149

Payments Capital Taxes Lending 149

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 148

Fintech Strategy Leadership Lending 148

ABA Community Banking

JANUARY 14, 2021

On the latest episode of the ABA Banking Journal Podcast, ABA Government Relations Council Chair Jim Rieniets outlines policy areas where ABA will focus in 2021. The post Podcast: The Year Ahead in Banker Advocacy appeared first on ABA Banking Journal.

Policies 59

Policies Leadership Community Bank Community 59

Independent Banker

APRIL 28, 2016

Leadership Team—Citizens Bank of Las Cruces’ executive management team, from left: Jed Fanning, Tim Hargrove, Ruth Christopher and George Ruth. After analyzing our existing policies, procedures and organization, we restructured from eight departments to three major departments. Citizens Bank of Las Cruces. Las Cruces, N.M.

Leadership 70

Leadership Community Community Bank US 70

CFPB Monitor

APRIL 11, 2022

A Connecticut federal district court has refused to dismiss claims filed by the CFPB against a mortgage company and three of its principals for alleged Truth in Lending Act (TILA), Mortgage Act and Practice (MAP) Rule, and Consumer Financial Protection Act (CFPA) violations.

Connecticut 78

Connecticut Company Regulation social media 78

Independent Banker

DECEMBER 31, 2021

That’s followed by residential mortgage lending (36.3%), small business lending (32.1%), commercial and industrial (C&I) lending (30%) and agricultural lending (23.6%). For example, we don’t do mortgage lending right now, because we don’t have the compliance expertise and staff knowledge,” Silveria says.

Community Bank 144

Community Bank Community Lending Louisiana 144

FICO

NOVEMBER 29, 2018

This issue was discussed at the NAGGL 2019, National Association of Government Guaranteed Lenders, conference where hundreds of SBA lenders gathered to learn about policy changes, SBA online application submission solutions, how to create successful sales reps, and other trends in the industry impacting SBA lenders.

Community 67

Community Community Bank Policies Leadership 67

Independent Banker

MAY 24, 2016

Crop insurance “has a target on its back,” says Mark Scanlan, ICBA’s senior vice president for agriculture and rural policy. million farms and the community banks that lend to them each growing season, Scanlan points out. A total of 300 million acres are covered by crop insurance. It’s a crucial risk-management tool” for 1.7

Community Bank 70

Community Bank Kansas City Community Iowa 70

Jeff For Banks

JULY 28, 2012

Volunteer for a leadership position in at least one. Portfolios should include all forms of business lending within the FIs capability and strategy and consistent with risk appetite. All loans shall be consistent with the FIs risk appetite and within loan policy, unless approved as exceptions to policy. Credit Quality.

Community 67

Community social media Strategy Lending 67

CFPB Monitor

NOVEMBER 13, 2015

The PARR letter supplements this process by affording supervised entities an opportunity to include in their response “any reasons of fact, law or policy as to why the Bureau should not take action against the entity” and to provide supporting documentation.

Policies 60

Policies Leadership Apple Course 60

CFPB Monitor

OCTOBER 13, 2022

On September 29, 2022, the Justice Department announced a proposed consent order with Evolve Bank and Trust to resolve allegations of lending discrimination on the basis of race, sex, and national origin in the pricing of its residential mortgage loans from at least 2014 through 2019.

Lending 147

Lending Memphis Tennessee Leadership 147

CFPB Monitor

FEBRUARY 23, 2015

He also indicated that the CFPB’s examination team will make a recommendation to senior leadership in the Division of Supervision, Enforcement, and Fair Lending whether supervisory or enforcement action is appropriate.

Policies 60

Policies Leadership Regulation Marketing 60

Independent Banker

DECEMBER 31, 2022

One of the biggest challenges is simply navigating market uncertainty related to Federal Reserve policy and the direction of the economy. So we’re careful when we lend out commercial real estate loans. The ICBA view on… Lending. It’s not just one loan,” says Ron Haynie, senior vice president of housing finance policy at ICBA. “It

Community Bank 91

Community Bank Community Tampa North Carolina 91

PYMNTS

MAY 9, 2016

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