PYMNTS

JANUARY 10, 2019

Alternative small business (SMB) lending platform CAN Capital announced on Wednesday (Jan. Reports at the time said the company had looked to overhaul its management team after difficulties in shifting with a new model of how it collected payments from borrowers. 9) that Edward J.

Capital 134

Capital Leadership Customer Experience Lending 134

CFPB Monitor

FEBRUARY 19, 2019

The CFPB recently issued its Fall 2018 Semi-Annual Report to Congress covering the period April 1, 2018 through September 30, 2018. The report represents the CFPB’s first semi-annual report under the leadership of Director Kathy Kraninger. The Bureau also found that entities satisfied (i.e.

Report 68

Report Leadership Lending 68

CFPB Monitor

FEBRUARY 5, 2020

The CFPB has issued its Fall 2019 Semi-Annual Report to Congress covering the period April 1, 2019 through September 30, 2019. The new report indicates that the Bureau had 1,430 employees as of September 30, 2019, representing a decrease of 22 employees from the number of employees as of September 30, 2018 (which was 1,452 employees).

Report 78

Report Lending Leadership Training 78

CFPB Monitor

NOVEMBER 1, 2018

While the pace of the CFPB’s fair lending activities has slowed under its new leadership, significant fair lending developments are occurring elsewhere. In this week’s podcast, we discuss several of those developments and their broader implications.

Lending 79

Lending Connecticut FDIC New York 79

Gonzobanker

DECEMBER 4, 2019

Visible Equity reports 850 clients, and Cornerstone sees them mostly in credit unions. Precision Lender reports 150 clients, and Cornerstone sees them mostly in commercial banks. Lending is a great area of a bank for analytics to grow from naturally. nCino recently announced. Q2 recently announced.

Analytics 91

Analytics Lending Fintech Leadership 91

CFPB Monitor

JANUARY 9, 2017

The CFPB announced that the following individuals are joining its senior leadership team: Leandra English is returning to the CFPB to serve as the Chief of Staff. John McNamara will serve as the CFPB’s Assistant Director of Consumer Lending, Reporting, and Collections Markets.

Leadership 60

Leadership Policies Lending Management 60

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

PYMNTS

AUGUST 8, 2017

After what can best and only be described as a rough run for the last year or so for the team at Lending Club, things appear to have picked up some as of the marketplace lender’s latest quarterly earnings report. The loans were later repurchased by Lending Club. Lending Club reported a net loss of $25.5

Lending 100

Lending Leadership Conference Groups 100

Abrigo

FEBRUARY 23, 2022

Making small business loans efficient and worthwhile Digitalizing the lending process can help financial institutions win small business loans and meet customers' needs. You might also like this webinar on small business lending best practices. Top problems in small business lending. Roadblocks to Success.

How To 195

How To Lending Software Survey 195

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

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. (He He did not identify those consumer advocates.)

Company 148

Company Report social media Community 148

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. Remittance transfers.

Lending 78

Lending Cards Regulation Payments 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. Consumer reporting. Auto servicing.

Report 78

Report Cards Lending Management 78

PYMNTS

JANUARY 15, 2021

After having its $37 billion dual IPO pulled by Beijing, Jack Ma’s Ant Group is working fast to overhaul operations to comply with government regulations, The Wall Street Journal reported on Friday (Jan. Chinese financial regulators called Ma and his leadership team to answer questions on the eve of the company’s stock market debut.

Regulation 158

Regulation Groups Operations Lending 158

PYMNTS

FEBRUARY 11, 2019

The Financial Stability Board (FSB) has released a report, stating that “descriptions of FinTech credit business models vary significantly across jurisdictions.” As noted by Forbes , the study found that a minority — make that 26 percent — of regulatory agencies surveyed by the FSB actually have definitions of FinTech lending in place.

Fintech 195

Fintech Lending Regulation Survey 195

PYMNTS

APRIL 26, 2019

In total, more than $107 million was raised, with investors targeting the small business (SMB) back office, lending and B2B payments. EnKash said it also plans to bolster its leadership team with the new investment. million in Series A funding, reports this week said, with Lakestar leading the round. Interestingly, U.S.

Fintech 176

Fintech US Lending Capital 176

PYMNTS

OCTOBER 4, 2019

Bloomberg is reporting that the sale could value Finastra at $10 billion with debt included. The company handles payments, retail banking, treasury desks and mortgage lending for about 90 of the top 100 banks in the world. Vista Equity Partners is reportedly thinking about selling a stake in London-based FinTech Finastra.

Fintech 197

Fintech Community Bank Community Leadership 197

PYMNTS

JULY 30, 2020

Sezzle , the Minneapolis-based installment-based payments platform, has announced the appointment of Reid Bork to its leadership team. As PYMNTS recently reported , the buy now, pay later (BNPL) firm raised $55 million in its latest capital round. In January, Sezzle was denied a crucial lending license from California.

Minneapolis 145

Minneapolis Leadership Strategy California 145

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

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.

Lending 183

Lending Leadership Apple America 183

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

South State Correspondent

APRIL 12, 2022

While we look at many annual reports, the two CEO missives that we never miss are Berkshire Hathaway’s and JP Morgan Chase’s (JPM) shareholder letter. Recently, JP Morgan Chase released its 64-page 2021 shareholder letter and 340-page annual report. 2) Leadership Matters. 8) Management Lessons at JPM.

Community 195

Community Community Bank Leadership Lending 195

PYMNTS

APRIL 13, 2018

Reports in AsiaOne said SenseTime is now China’s largest AI platform and AI algorithms supplier. million in Series A funding, reports in Independent.ie million in new funding to support its operations in Peru and Mexico, according to ImpactAlpha reports. Supply Finance. Based in Ireland, Supply Finance landed $4.9

Lending 129

Lending blockchain Capital Software 129

Bobsguide

MAY 18, 2022

CompatibL is delivering on this need, with major strides toward upgrading CompatibL Cloud to show their continued leadership in delivering technology and expertise as a best-in-class cloud platform. Congratulations to the entire CompatibL team for winning our Best Risk Management Platform Award for 2022.”.

Fintech 147

Fintech Risk Management Analytics Software 147

Bobsguide

OCTOBER 7, 2022

Based at Finastra’s HQ in Paddington, Helen is a key member of the Finastra Executive Leadership Team, reporting to CEO, Simon Paris. Read more about the full Finastra Leadership Team here: Meet our Executive Team. She also serves as a mentor for the FTSE 100 Mentoring Foundation. Global Head of PR. T +44 (0)7917 613586.

Leadership 122

Leadership Software Resources Lending 122

PYMNTS

JULY 27, 2020

Banking veteran Richard Davies is leaving his role as CEO of banking at digital-banking shop Revolut , one year after coming aboard to bring his seasoned skills to the startup, the Financial Times reported. Davies is leaving Revolut to take over the Allica Bank, which specializes in lending to businesses, according to the FT.

United States 140

United States Leadership Risk Management California 140

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. The edict said that outstanding loans have to be cleared in less than a year prior to the reorganization.

Leadership 131

Leadership Regulation Regional Lending 131

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 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

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. The rebuke came from prepared remarks delivered at a committee hearing called “Protecting Consumers or Allowing Consumer Abuse? A Semi-Annual Review of the Consumer Financial Protection Bureau.”.

Policies 151

Policies Leadership America Course 151

PYMNTS

JANUARY 7, 2020

Yet another business consortium vies for a lucrative, wholesale digital banking license, according to reports. Research companies predict for the digital lending market in Southeast Asia to more than quadruple to $110 billion in the next five years. billion in capital on hand, and be governed by Singapore leadership.

Digital Banking 131

Digital Banking Capital Leadership Fintech 131

PYMNTS

DECEMBER 5, 2016

Australia’s bourgeoning alternative lending scene saw new investment Friday (Dec. 2) when reports emerged that Timelio raised more than $3.7 The small business lending startup secured the funding from Thorney Investment Group in the form of equity investment sometime last month, reports said. million (A$5 million).

Marketing 100

Marketing Charlotte Lending Leadership 100

PYMNTS

JANUARY 17, 2017

It was CAN Capital’s ambitious growth plans that led the alternative SME lender to eventually falter, according to a new report from The Wall Street Journal. According to reports, the company was allowing borrowers several extra days to make payments past agreed-upon due dates. The publication said Monday (Jan.

Capital 100

Capital Lending Leadership Policies 100

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

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

CFPB Monitor

SEPTEMBER 20, 2018

On this week’s podcast, Ballard Spahr attorneys Bo Ranney, Chris Willis, and Reid Herlihy discuss the significant takeaways from the CFPB’s new report—the first edition of Supervisory Highlights issued under Acting Director Mick Mulvaney. To listen and subscribe to the podcast, click here.

Leadership 68

Leadership Groups Lending Report 68

Abrigo

SEPTEMBER 16, 2016

Benchmarking against peer institutions (banks of roughly the same size, geography and loan portfolio concentrations) on performance statistics accomplishes two objectives: It provides an at-a-glance status report of how the bank stacks up against similar institutions, and it highlights areas that need further analysis.

Analysis 150

Analysis Leadership Groups Case Study 150