Abrigo

APRIL 19, 2022

Credit and Lending Software Overcome Common Lending Problems Banks and credit unions that leverage an integrated lending and credit platform reap the benefits of a consistent, efficient and defensible lending program. Lending and Credit Software. Would you like other articles like this in your inbox?

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Abrigo

AUGUST 28, 2022

Develop better ag lending workflows before demand picks up. A better ag lending process makes applying smoother for borrowers and can allow efficient ag loan growth without adding a lot of staff. Takeaway 1 Now is the time to plant the seeds for harvesting growth in the ag loan portfolio by creating a better ag lending process.

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South State Correspondent

FEBRUARY 28, 2023

The issue in real estate lending today is that while LTV and DSCR are highly correlated metrics (which is bad in that they measure the same variable – cash flow), both are under pressure in a competitive lending environment, and lenders should not be accepting lower DSCR and higher LTV.

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Abrigo

FEBRUARY 23, 2022

Loan Decisioning Allows Small Business Lending to Grow Community financial institutions can leverage automated loan underwriting to increase small business lending and achieve consistency. . Takeaway 2 Loan decisioning allows institutions to efficiently allocate credit analysts’ time for profitable small business lending.

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Abrigo

AUGUST 25, 2021

Takeaway 2 A consumer loan origination system can help FIs offer a fully digital retail lending experience. How can FIs overcome retail lending challenges? In today's competitive – and increasingly digital – consumer lending environment, financial institutions will need to find ways to adapt to changing customer expectations.

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PYMNTS

DECEMBER 2, 2020

Payments giant Stripe is taking Stripe Capital , its push into online business finance and lending, to the next level. 1), Stripe went live with the next phase in its business lending campaign, which enables online platforms to offer financing to their business customers through Stripe Capital. On Tuesday (Dec.

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Abrigo

NOVEMBER 22, 2021

Consumer Lending Laws & Compliance Financial institutions offering consumer loans need to know about these major consumer lending laws and recent compliance issues. You might also like this webinar, "Consumer Lending 101.". Consumer lending compliance spotlight. Pandemic Issues.

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South State Correspondent

NOVEMBER 2, 2022

From a lending perspective, the graph below shows the lending curve from three months to 20 years and demonstrates the average commercial loan rates for different repricing terms. The post Post Fed – A Lending Tactic For The Yield Curve Inversion appeared first on SouthState Correspondent Division. The Yield Curve Inversion.

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PYMNTS

NOVEMBER 10, 2020

It’s here now and being used to make good banks better — whether to eliminate discrimination in lending decisions, add stability to existing screening systems or drive loan growth and profits. The rest will go toward developing partnerships with governments and regulators “to raise the bar” when it comes to modern, unbiased lending.

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CFPB Monitor

DECEMBER 9, 2022

In recent remarks at the CRA & Fair Lending Colloquium, Grovetta Gardineer, Senior Deputy Comptroller for Bank Supervision Policy at the Office of the Comptroller of the Currency, discussed the OCC’s current fair lending initiatives. Her remarks were intended to.

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PYMNTS

NOVEMBER 16, 2020

In the wake of the 2008 global financial crisis, and banks' subsequent pullback from the small- to medium-sized business ( SMB ) lending arena, a slew of alternative lenders emerged onto the scene to fill the credit gap. What's just as important is to ensure that lending technology is flexible.

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CFPB Monitor

MAY 16, 2022

The CFPB recently issued its annual fair lending report covering its fair lending activity in 2021. . Small business lending—assessing whether there are disparities in application, underwriting, and pricing processes, redlining, and whether there are weaknesses in fair lending-related compliance.

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Independent Banker

APRIL 30, 2022

Loan providers share an infectious enthusiasm and growing optimism for one vertical’s prospects in 2022: commercial lending. Here’s how community bankers can take advantage of various sectors—including SBA lending—over the next 12 months. anticipates a low double-digit increase in its commercial lending in 2022. Quick Stat.

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PYMNTS

AUGUST 14, 2020

China’s peer-to-peer (P2P) lending sector, once 6,000 businesses strong, has been reduced to fewer than three dozen as the government tightened regulations, leaving billions in loans unpaid. While P2P platforms were touted as an innovative way to match savers with small borrowers, the marketplace has had troubles globally.

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PYMNTS

APRIL 10, 2020

Federal Reserve said that it had launched a multi-trillion dollar lending program that targets smaller businesses, and in a broadened salvo, targets local governments, too. The Fed program is focused on lending. It’s all meant to shore up the U.S. economy, as the fallout from the coronavirus continues.

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PYMNTS

APRIL 8, 2020

As the nation’s traditional financial institutions struggle to cope, alternative lending platforms and other B2B FinTechs are exploring how to put their own technologies to good use. Small businesses, meanwhile, can use the platform to apply online as fewer physical bank branches are available. Funding Circle. Wolters Kluwer.

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PYMNTS

JANUARY 6, 2021

With no credit scores, limited financial transaction histories, and a huge amount of people who don’t even have a bank account, lending money in Vietnam is no simple task. While most financiers would run from an environment like that, CEO Toms Niparts of Jeff , an app-based lending platform based in Latvia, saw it as a huge opportunity. “We

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CFPB Monitor

DECEMBER 15, 2022

The Federal Reserve System, through its Consumer Compliance Outlook platform, recently hosted its annual Fair Lending Interagency Webinar. During the session, a variety of fair lending topics were discussed, including redlining, appraisal bias, and Special Purpose Credit Programs (SPCPs),

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PYMNTS

NOVEMBER 24, 2020

24) that it is launching a lending service that allows users to lend cryptocurrency to SBI and earn 1 percent interest, according to Cointelegraph. The platform, VC Trade Lending, will support just bitcoin initially, but has plans to add Ether and XRP support. To participate, users must lend a minimum of 0.1

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SWBC's LenderHub

JULY 28, 2022

I'd like to welcome you to the first of a series of conversations I will be having with real estate and real estate lending professionals regarding diversity, equity, and inclusion within our industries. I believe strongly that inclusion and equity can be strong drivers of change in an area of lending that needs to evolve.

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Independent Banker

JUNE 30, 2022

As we kick off this year’s lending issue, I want to pause for a moment to reflect on just how much lending has changed. Loan providers are multiplying, and we cannot underestimate the need for a frictionless loan, one that removes hoops for our customers and feels simple, efficient and effective.

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Independent Banker

OCTOBER 31, 2022

Digital lending capabilities are quickly becoming table stakes, particularly when it comes to small business lending. However, banks should first consider their customers’ needs and the infrastructure and features needed in a lending platform before adopting a new digital strategy. Benefits of digital lending.

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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.

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Gonzobanker

AUGUST 11, 2020

It was into this world that the much celebrated digital lending fintech OnDeck recently sold to Enova for $90 million, a virtual fire sale at way under 1X OnDeck’s revenue. They primarily support – don’t compete with – federally insured bank lending. or 26X revenue but quickly doubled in the market. mortgage market.

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CFPB Monitor

JUNE 5, 2023

The document also addresses the application of the CFPB’s Section 1071 rule on small business lending to franchise financing. Continue Reading

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Independent Banker

JANUARY 31, 2022

In addition, compliance risk associated with small business loans could become even more difficult if the new Section 1071 rule proposed by the Consumer Financial Protection Bureau regarding small business lending data collection is finalized. Terms were up to five years at an interest rate of 2.0%

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Lending Community Bank Compliance Capital 150

Banking Exchange

JANUARY 23, 2023

Almost nine in 10 CFOs expect commercial lending to be a “major source of profitable growth” this year Retail Banking Financial Trends Feature Lines of Business Technology Feature3 Financial Research

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Lending Survey Retail Trends 78

Payments Source

MARCH 29, 2021

There are ways to remove bad actors from the industry — such as reinstating the Consumer Financial Protection Bureau’s payday lending rule and banning certain fees and collection practices — without hindering consumers’ access to emergency credit. ]].

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CFPB Monitor

DECEMBER 9, 2022

In a notice of “ Intent to Make Preemption Determination under the Truth in Lending Act (Regulation Z) ,” the CFPB announced that it is seeking comments on its preliminary determinations that the Truth in Lending Act (TILA) does not.

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Strategically Speaking

DECEMBER 14, 2020

Never has this been more evident than what we saw in lending when small businesses reached out to their banks and credit unions seeking the PPP loans this spring. Many lenders had not upgraded their digital lending processes and found it difficult to deal with the volume of requests coming in from local businesses.

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