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. Credit card management.

Lending 78

Lending Cards Regulation Payments 78

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.

Leadership 60

Leadership National Lending Industry 60

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. In his statement to CEEA, Mr. (He did not identify those consumer advocates.)

Company 148

Company Report social media Community 148

PYMNTS

JULY 24, 2019

“This new division and these appointments position DFS as the regulator of the future, allowing the Department to better protect consumers, develop best practices, and analyze market data to strengthen New York’s standing as the center of financial innovation.”. The company then pulled the database offline.

Regulation 108

Regulation Bitcoin New York Online 108

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. Consumer reporting. Auto servicing.

Report 78

Report Cards Lending Management 78

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

CFPB Monitor

JANUARY 28, 2021

In Part II of our two-part podcast, we look at the recommendations in the Taskforce’s report concerning the use of principles-based (rather than prescriptive) regulations and CFPB licensing of non-depository institutions providing lending, money transmission or payment services. To listen to the podcast, click here.

Leadership 78

Leadership Lending Regulation Groups 78

CFPB Monitor

JANUARY 12, 2021

The CFPB’s Taskforce on Federal Consumer Financial Law released its report making recommendations on how to improve consumer protection in the financial marketplace. The report consists of two volumes. The Taskforce report reflects the unanimous views of its five members. Credit reporting.

Report 78

Report Regulation Policies Compliance 78

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

PYMNTS

JANUARY 2, 2019

Didi Chuxing , China’s largest ride-hailing company, has debuted a slew of financial products for workers, according to reports. The company will offer crowdfunding and lending as it tries to distance itself from a year of scandals, including the murder of two female passengers. Didi is backed by Uber, Apple and SoftBank.

Lending 183

Lending Leadership Apple America 183

PYMNTS

OCTOBER 18, 2019

Chinese online finance giant Ant Financial, headed by billionaire Jack Ma, is seeing an uptick in the desire for credit among small and medium businesses despite the economic slowdown in China, Bloomberg reported on Thursday (Oct. Consumer and business lending crumbled last year, prompting regulators to lower the cost of borrowing.

Lending 101

Lending Leadership Mobile Regulation 101

CFPB Monitor

MAY 26, 2022

Under Director Chopra’s leadership, the CFPB has regularly been sounding alarms about the potential for discrimination arising from the use of so-called “black box” credit models that use algorithms or other artificial intelligence (AI) tools.

Compliance 143

Compliance Regulation Leadership Technology 143

PYMNTS

APRIL 25, 2016

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. Overall, on the earnings side, Starbucks reported that comp. EMV’s Second Phase.

Lending 100

Lending Mobile Cards Fraud 100

PYMNTS

OCTOBER 1, 2018

A top infrastructure lender in India is now being questioned by regulators over its $12.6 Reports in Bloomberg said Infrastructure Leasing & Financial Services (IL&FS) Group, a top financier of infrastructure projects, now faces a special audit from the Reserve Bank of India (RBI) after an August default shook the markets.

Marketing 108

Marketing Regulation Leadership Groups 108

Independent Banker

AUGUST 31, 2021

Reiling adds that bank leadership needs to be bold enough to try things out and possibly fail, which is why Sunrise Banks implemented the 90-day check-in. A bank needs a team with diverse perspectives and unique abilities—technology, sales, lending and leadership—that is willing to work together at a heightened pace, he notes. “You

Community Bank 170

Community Bank Community Lending Leadership 170

PYMNTS

JULY 16, 2019

Despite a reputation battered by scandal over the last two years and interest rates steadily climbing, Wells Fargo reported growth on both its top and bottom lines as it released its Q2 earnings earlier Tuesday (July 16). Wells had previously reported profit of $5.9 Profit was up 19 percent to $6.2 billion in the first quarter and $5.2

Lending 100

Lending Leadership Trends Report 100

CFPB Monitor

OCTOBER 18, 2018

On October 17, the Bureau released its Fall 2018 Rulemaking Agenda , but it included a surprise for those interested in fair lending. prevent the Bureau from applying any different standard for disparate impact retroactively upon a change in leadership at the agency. But what direction might such a rulemaking take?

Leadership 74

Leadership Lending Regulation Community 74

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. Their commitment should be visible within the organization, and if it is not, regulators will take notice. This is a must-have risk management concept. Ensure There Are Adequate Resources.

Training 195

Training Compliance Leadership Fraud 195

PYMNTS

MAY 15, 2019

Comptroller of the Currency (OCC) has told Congress he would use his office’s power to review any candidate put forward by Wells Fargo as the scandal-plagued bank’s new CEO, according to a report by Reuters. There is also an issue with how much the bank can pay a new CEO, Reuters is reporting.

Risk Management 122

Risk Management Leadership Lending Management 122

PYMNTS

FEBRUARY 19, 2019

The average merger review time at the Office of the Comptroller of the Currency (OCC) declined between 2016 and 2018, too, reports in The Wall Street Journal said. Reports said Powell noted that looser community bank regulations may help keep branches open. months in the first half of 2018, from 5.6

Marketing 108

Marketing Community Community Bank Industry 108

PYMNTS

MARCH 18, 2019

The Conference of State Bank Supervisors (CSBC) said last week that there should be a “floor” for data privacy and security regulations, a statement issued by the Senate Committee on Banking, Housing and Urban Affairs. Here’s a mortgage analogy. financial crisis.”.

California 122

California Data Security Regulation 122

PYMNTS

APRIL 7, 2016

According to a Bloomberg report, JPMC told shareholders to vote against these proposals. Earlier this year it was determined by the company that “combining the roles of chairman and CEO, together with a strong lead independent director, continues to provide the appropriate leadership and oversight of the firm,” the filing read.

Washington 100

Washington Regulation Leadership Community Bank 100

Independent Banker

MARCH 31, 2022

Lucas White: We need to continue to differentiate community banks and educate policymakers on why tiered and proportionate regulation is necessary. We need to make sure people remember that and have it reflected in laws and regulations that affect our industry. We are not Wall Street banks—we are community banks.

Community Bank 239

Community Bank Community Industry Texas 239

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. Ford said the decline in bank overdraft lending to small businesses means these companies cannot invest in themselves. million each.

America 100

America Guidelines Report System 100

Independent Banker

DECEMBER 31, 2021

Regulators haven’t yet broached the subject with them. 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%). Addressing ESG is one thing,” she says. Planning for increased compliance costs.

Community Bank 144

Community Bank Community Lending Louisiana 144

PYMNTS

MAY 9, 2016

One constant is the ongoing presidential election, cited by several reports as the top concern among small business owners. The firm published its 2016 Small Business Fraud Report , emphasizing the risks that small businesses face in back-office fraud. It’s a messy picture when leading surveys draw contradicting conclusions.

America 100

America National Capital Survey 100

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

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. From NPL to NPE.

Marketing 63

Marketing Leadership Lending Capital 63

Independent Banker

MAY 24, 2016

million farms and the community banks that lend to them each growing season, Scanlan points out. In a surprise move, congressional leadership sought to reduce the crop insurance program by $3 billion at the end of 2015 to offset other spending initiatives. A total of 300 million acres are covered by crop insurance.

Community Bank 70

Community Bank Kansas City Community Iowa 70

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

PYMNTS

JULY 15, 2016

with some reports suggesting that Prime membership accounts for about 50 percent of all of Amazon’s customers. (It Even Amazon competitors like Macys, Target and even Best Buy reported that their sales rose that day by 13 percent or more – as they rode the Prime Day draft and put their own offers in market. Lending Club Algorithms .

Retail 100

Retail FDIC Bitcoin Lending 100

PYMNTS

JANUARY 22, 2019

Could it be that the CFPB, under new Executive Director Kathy Kraninger , will be moving directly to eliminate the more controversial provisions of its payday lending rule? Sources now report that the CFPB has decided to eliminate the provision entirely. Sources now report that the CFPB has decided to eliminate the provision entirely.

Lending 153

Lending South Carolina Regulation Groups 153

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

CFPB Monitor

JANUARY 28, 2021

The CFPB has issued its Fall 2020 Semi-Annual Report to Congress covering the period April 1, 2020 through September 30, 2020. With Director Kraninger having submitted her resignation to President Biden last week, the report represents the CFPB’s fifth and final semi-annual report under Director Kraninger’s leadership.

Report 78

Report Leadership Lending Regulation 78

CB Insights

FEBRUARY 13, 2020

In this report, we dive into Stripe’s unique strategy, growth trajectory, product set, and where the $35B payments giant sees the global online commerce market heading next. Leadership and board members. Business lending and corporate cards. Stripe has broadened its product offerings across the entire payments stack.

Online 98

Online Company Retail Payments 98

Abrigo

SEPTEMBER 14, 2022

Takeaway 2 Section 1071 would require the collection and reporting of 13 specific data points and allow the CFPB to require additional data. The CFPB plans to issue a final rule implementing Section 1071 small-business reporting requirements by the end of March 2023, according to court filing. The proposed rule , unveiled Sept.

Lending 195

Lending Data Regulation Community 195

Gonzobanker

NOVEMBER 9, 2015

We are rotating the team, as Misters Kilmer and Weikart reported that rehab from BAI Retail Delivery is taking a bit longer than estimated.) The consensus is that the next phase of blockchain will be laying the foundation and identifying its two biggest hurdles: cost and regulation. Innovation on the merchant side.

blockchain 60

blockchain Bitcoin Lending Innovation 60