Banking Exchange

APRIL 13, 2020

Banks will need to process approximately 50 times their normal annual volume in the next 30-60 days under the Paycheck Protection Program Retail Banking Risk Management Compliance Fair Lending Feature3 Fintech Feature Outsourcing/Cloud.

New York 78

New York Risk Management Compliance Lending 78

American Banker

FEBRUARY 6, 2024

The latest shoe to drop was the news that Chief Risk Officer Nicholas Munson left the company early this year. The regional bank's stock price again fell by double digits on Tuesday, marking the fourth daily decline of at least 10% in the last week.

New York 70

New York Community Regional Company 70

PYMNTS

JULY 4, 2018

As a consumer lending category with the fastest growth, outstanding balances for personal loans jumped by about 18 percent to $120 billion in the first quarter. A lot of credit goes to the FinTech lenders for reinvigorating a loan category that’s been around forever,” Jason Laky, TransUnion ’s consumer-lending business lead, told Bloomberg.

Lending 110

Lending New York Fintech Cards 110

PYMNTS

JANUARY 31, 2020

30) against Citizens Bank over alleged violations of the Truth In Lending Act (TILA). The CFPB said that Citizens Bank neglected to follow the rules for years by failing to properly manage credit card disputes. The Consumer Financial Protection Bureau (CFPB) filed a lawsuit on Thursday (Jan. It filed the complaint in the U.S.

Rhode Island 116

Rhode Island Lending Cards New York 116

PYMNTS

DECEMBER 12, 2017

Demand for corporate finance helped propel China’s banks to new lending records in November, according to news from Reuters on Monday (Dec. billion in new loans during the month, the publication said, citing data from the People’s Bank of China. Chinese banks provided $169.27

Lending 100

Lending New York Regulation Survey 100

PYMNTS

APRIL 26, 2018

Chinese officials have reportedly taken measures to monitor and potentially crack down on the nation’s banks’ risky lending practices, reports in Reuters said Wednesday (April 25). We have to focus,” he told The New York Times last year. “If Officials will stay at those branches and monitor how loans are assessed, reports noted.

Lending 122

Lending New York Regulation Report 122

Abrigo

OCTOBER 23, 2014

But how can this growth be managed appropriately? CEIS Review , a New York-based bank consulting firm, highlights the shift in a recent article. ” Banks understand the need to regularly specify and quantify portfolio risk, and remain cognizant of the impact new loan commitments have on the balance sheet.

Risk Management 186

Risk Management Management Lending Resources 186

PYMNTS

JUNE 12, 2018

In the early days of online lending, the big appeal was access to funds for potential borrowers with few, if any, options for securing capital. They all had a pretty tough time and took losses a lot more than expected,” said Henry Song, a portfolio manager at Diamond Hill Capital Management Inc. The Coming Risk Assessment Reset.

Lending 116

Lending Security Philadelphia Dallas 116

Abrigo

JUNE 5, 2023

Banking reports to inform risk management and strategy These reports on capital, growth, and liquidity help financial institutions spot warning signs. They help manage and shape strategy in volatile economic and industry conditions.

Report 195

Report Risk Management Capital Data 195

Abrigo

SEPTEMBER 16, 2015

Member business lending (MBL) has been a hot topic in the financial services community this summer, particularly as the industry awaits finalization of the NCUA’s rule changes. stands as the number one in MBL – more than doubling the second-ranked CU for business lending. The New York City-based institution offered members nearly $1.8

Lending 150

Lending New York City New York Strategy 150

Bank Innovation

APRIL 19, 2017

Among the endless rows of tech startups from all imaginable industries– from rideshare, to edtech, and beauty– seven fintechs rose to show off their latest during the TechDay event in New York yesterday. Qplum The startup, launched […].

Fintech 294

Fintech New York blockchain Lending 294

Gonzobanker

DECEMBER 4, 2019

Q2’s acquisition follows many years of paced, organic growth in consumer and business digital banking and a string of acquisitions including digital deposit origination specialist Gro Solutions and loan/lease origination system provider Cloud Lending. Lending is a great area of a bank for analytics to grow from naturally. Meridianlink.

Analytics 100

Analytics Lending Fintech Leadership 100

American Banker

FEBRUARY 7, 2024

The regional bank announced a leadership shakeup on Wednesday, capping a tumultuous week in which shareholders became spooked about its exposure to the commercial real estate sector.

New York 57

New York Leadership Community Regional 57

PYMNTS

MAY 25, 2016

As the dust continues to settle from the great Lending Club explosion, the big banks of Wall Street are reportedly inking up their Plan Bs when it comes to exposure to those loans should the market deteriorate more. “This is noise banks want to avoid,” said Allard, who heads FireBreak Capital, a hedge fund that focuses on lending.

Lending 100

Lending Online Capital New York 100

PYMNTS

JULY 12, 2018

New York’s Department of Financial Services is recommending that online lenders are subjected to the same scrutiny and regulations that traditional banks face. Cuomo on June 1, 2017, required DFS to study online lending in New York State and submit a report of its findings. A bill signed by Governor Andrew M.

Online 100

Online New York Lending Regulation 100

American Banker

JULY 28, 2023

Large financial institutions have "meaningful but manageable" loan volumes to industries that are most likely to see declines in output and profit after climate-friendly regulations take hold, new research shows.

New York 36

New York Industry Regulation Management 36

PYMNTS

SEPTEMBER 30, 2020

The FinTech Capify has pulled in an additional $10 million in an equity round of funding and is banking on continued support from the Goldman Sachs Merchant Banking Division for its lending platform, which is geared to small to medium-sized businesses (SMBs). and Australia market,” said Goldin in the release. “It

Fintech 210

Fintech New York Capital Lending 210

PopularBank

SEPTEMBER 23, 2020

Joseph Culotta Brings More Than 18 Years of Leadership and Wealth Management Expertise to Popular Bank. NEW YORK, NY – September 15, 2020 – Popular Bank , a subsidiary of Popular, Inc. We are thrilled to welcome Joe to our Wealth Management leadership team to head our Popular Investments business,” said Ford. “We

Management 52

Management Leadership New York New Jersey 52

PYMNTS

JULY 14, 2020

In addition to its core POS lending business, Affirm branched out into financial services in June, debuting a high-yield savings account called Affirm Savings. In May, the New York-based FinTech cut a deal with payments platform Stripe , giving consumers more credit to access at checkout. The account comes with 1.30

Lending 130

Lending FDIC Minneapolis Utah 130

PYMNTS

FEBRUARY 27, 2020

That data comes from the Federal Reserve Bank of New York, and was released on Feb. According to the New York Fed, the serious credit card delinquency rate — with serious delinquency defined as being 90 days late or more on a payment — has increased to 5.32 About two weeks ago, U.S. It’s something we are looking into.”.

New York 130

New York Cards Idaho Indiana 130

PYMNTS

AUGUST 5, 2020

Rocket Companies, the parent of mortgage lending giant Quicken Loans , reduced its terms to go public, Bloomberg reported. If approved, Rocket would be listed on the New York Stock Exchange, under the ticker “RKT.”. The report stated the downsizing may signal the IPO market’s worry as the pandemic deepens across much of the U.S.,

Cleveland 233

Cleveland Detroit New York Company 233

PYMNTS

JUNE 8, 2016

Well, one can say this much for Lending Club : For whatever difficulties it seems to have keeping paperwork straight and investors on its platform at present, it sure knows how to keep things interesting in payments and commerce. Going into the news today, the struggling online lending platform doesn’t bring just one story to the cycle.

Lending 100

Lending Meeting New York Online 100

PYMNTS

AUGUST 16, 2019

15) that it will launch regional commercial banking operations in New York and Los Angeles in an effort to grow its corporate client base and connect existing business customers in the markets with its senior banking professionals. The bank announced Thursday (Aug. The bank is targeting the middle-market and niche clientele, it noted.

Los Angeles 101

Los Angeles New York FDIC Lending 101

PYMNTS

SEPTEMBER 17, 2020

Mastercard said the new program would, among other things, expand city programs that aid Black communities in such cities as Atlanta, Birmingham, Los Angeles, New Orleans, New York, St. Louis and Dayton, Ohio.

Community 282

Community St. Louis Los Angeles Ohio 282

PopularBank

JANUARY 28, 2022

We are thrilled to welcome Adam Dejak as National Director of Residential Lending for Popular Mortgage. Based in New York, Adam will oversee our residential mortgage lending 1 business and will be responsible for driving growth and development of the entire program, cultivating talent, and continuing to expand our mortgage loan options.

New York City 52

New York City New York Lending National 52

American Banker

MARCH 4, 2024

Long Island-based New York Community Bancorp has a large concentration in loans on New York City apartment buildings with rent restrictions. Property values in that sector have tanked amid higher interest rates, inflation and 2019 revisions to state law.

New York City 74

New York City New York Regulation Community 74

PYMNTS

SEPTEMBER 27, 2020

Lightyear Capital , the New York-based private equity firm working in the fields of financial services, has established ProfitSolv to acquire integrated solutions for billing, payments and software services, a press release says. ProfitSolv has been focused on acquiring firms in fields such as consulting, architecture and engineering.

Payments 160

Payments Software New York Capital 160

PYMNTS

AUGUST 2, 2020

But the New York consulting firm was on its own because Capital One wasn’t prepared to accept applications for the Paycheck Protection Program (PPP) when it launched. a New York-based startup bank that launched last year. When Fathom Unlimited Inc. for help, The Wall Street Journal (WSJ) reported. to InBankshares Corp.

Minneapolis 173

Minneapolis Denver New York Capital 173

PYMNTS

JUNE 10, 2020

Our team exists to fuel seller growth, period,” Ragui Selwanes, head of Amazon Lending, said in a statement. The collaboration is a coup for Goldman Sachs because it gives it access to thousands of Amazon merchants as the New York-based financial services group fuels its push into Main Street finance. percent to 20.99

New York 179

New York Lending Maine US 179

PYMNTS

JULY 2, 2020

EedenBull, which is based in Norway, Scotland and Singapore, launched its commercial card platform in May to support financial institutions’ management of their own business cards and integrated rewards programs. Global Cash Card’s Legal Saga Ends. ADP Eyes Payroll Card Adoption Jump.

Cards 208

Cards New York Capital Compliance 208

FICO

JUNE 27, 2022

FICO® Resilience Index Can Improve Card Account Management. The New York Fed’s new report provides insight that credit card balances increased by $52 billion in the fourth quarter of 2021 and are only $71 billion off of pre-pandemic highs. Brendan lives in Albuquerque, New Mexico and holds B.S. by Brendan LaCounte.

Management 52

Management Cards New Mexico Albuquerque 52

Gonzobanker

MAY 5, 2022

New York Stock Exchange-parent Intercontinental Exchange (ICE.N) in a deal valuing the mortgage-lending software and data analytics firm at $13.1 The interesting moves to watch will be in areas of point solution overlap such as CRM, document management, product and pricing, where both vendors have solutions.”.

Lending 147

Lending System Marketing New York 147

PYMNTS

MAY 31, 2019

It also plans to spend $4 billion technology this year per John Waldron, the bank’s president, who made the remarks at a Bernstein conference in New York, the Financial Times reported. The bank also aims to grow its consumer and wealth management businesses and raise additional client money for its lending and investing division.

Conference 180

Conference Florida New York Lending 180

CFPB Monitor

JUNE 5, 2020

The FTC recently announced a settlement of its lawsuit filed in a New York federal district court against a New York City car dealership and its individual general manager in which the FTC alleged that the defendants discriminated against African-American and Hispanic car buyers and engaged in other illegal business practices.

New York City 122

New York City Policies New York Lending 122

PYMNTS

OCTOBER 31, 2016

It now is in mortgages, personal loans, wealth management and, starting soon, insurance. During the past two months, SoFi got licenses in more states, including Arkansas, Florida, Massachusetts, New York and South Dakota. As a result, it is inactive in New York. SoFi is considering setting its sights a bit lower.

South Dakota 100

South Dakota New York Arkansas Massachusetts 100

PopularBank

JUNE 1, 2021

Popular Bank Senior Vice President and Head of Commercial Banking Ken Mitchell joined fellow industry leaders to discuss commercial real estate insights during the virtual Mortgage Bankers Association of New York ( MBA of NY ) Lender Roundtable on May 11, 2021. Shifting Portfolio Management and Underwriting Best Practices.

New York 52

New York New York City Lending Industry 52

PYMNTS

SEPTEMBER 28, 2020

He said the company’s new owners include PIMCO, a California-based global investment management firm, Davidson Kempner Capital Management LP, a global institutional alternative investment management firm headquartered in New York City and Sixth Street Partners, the San Francisco global investment firm.

San Francisco 139

San Francisco New York City Houston Dallas 139