CFPB Monitor

OCTOBER 11, 2018

At the Online Lending Policy Institute’s (OLPI) annual summit in Washington, D.C. earlier this week, the OCC’s recent decision to accept applications from non-depository financial technology firms for a special purpose national bank (SPNB) charter was the focus of considerable discussion.

Policies 60

Policies Lending Data Online 60

Abrigo

APRIL 18, 2020

Executive Vice President and Chief Credit Officer Glenda Sorotski said Western States Bank’s customers used an online application for the PPP loans, enabling lenders to process more than they would have been able to if they had relied on paper-based applications and documentation. Lending & Credit Risk. SBA Lending.

Lending 195

Lending Wyoming Maine Nebraska 195

PYMNTS

APRIL 10, 2020

Marcus , the online-only consumer banking and lending arm of Goldman Sachs, offers personal loans with no late fees of up to $10,000, with rates ranging from 10.99 The deal follows JetBlue’s announcement that it has temporarily consolidated service in Boston, Los Angeles, New York City, San Francisco and Washington, D.C.

Los Angeles 212

Los Angeles San Francisco New York City New York 212

Independent Banker

SEPTEMBER 21, 2015

Greater uncertainty wins as the Supreme Court upholds statistical evidence in fair lending claims. Supreme Court, it is, and the high court’s recent ruling to that effect is likely to affect community banks, their regulatory examinations and their potential exposure to fair lending lawsuits. lending compliance.

Lending 70

Lending Community Bank Policies Community 70

PYMNTS

SEPTEMBER 23, 2020

Blend’s venture into new territory comes a month after it raised $75 million in Series F funding led by Canapi Ventures , the Washington, D.C- The cash will be used to grow its online mortgage, consumer loan and deposit accounts, the company said. based early growth, FinTech-focused venture capital firm.

San Francisco 180

San Francisco Washington Survey Data 180

PYMNTS

JULY 3, 2018

Reports in The Washington Post on Monday (July 2) said the survey shows small- and medium-sized businesses (SMBs) in the U.S. NDP Analytics found that small business lending by the nation’s top-five online lending providers jumped 50 percent between 2015 and 2017. Strong cash flow among U.S.

National 109

National Analytics Lending Survey 109

PYMNTS

NOVEMBER 12, 2020

COVID-19 has caused urban flight, hollowing out cities by catalyzing the surge in working from home, shopping online and not traveling far from one’s residence. This is something that could make a bad situation worse,” Adam Slater, lead economist for Oxford Economics in London, told The Washington Post. No Quick Fix.

New York City 227

New York City New York Missouri Philadelphia 227

CFPB Monitor

AUGUST 9, 2016

Both the FTC and OCC have already held such events this year and now the Federal Reserve’s Board of Governors has announced that it will be hosting a research and policy conference on financial innovation, “Online Lending to Households and Small Businesses,” in Washington, D.C. on December 2, 2016.

Conference 60

Conference Innovation Lending Policies 60

PYMNTS

APRIL 21, 2020

The Journal says that the online presence for Penney’s is lagging and it has already furloughed a majority of its employees. The spate of bankruptcies also presents two ancillary issues: One: Why haven’t retailers been helped by the various stimulus packages coming out of Washington? billion in sales.

Retail 220

Retail Dallas Washington National 220

American Banker

MARCH 29, 2016

As online business lenders grow in number, size and prominence, a new trade group is being launched to represent their interests in Washington.

Groups 28

Groups Online Washington Digital Banking 28

TrustBank

JUNE 10, 2020

In its most basic form, a bank takes in money from savers (depositors), agrees to pay them a certain interest rate and then uses those funds to lend to borrowers at a higher interest rate, thus earning the difference as their income. Sometimes, banks do not lend out all that they can. trillion to a total of $3.253 trillion.

Washington 59

Washington Lending Security FDIC 59

CFPB Monitor

SEPTEMBER 29, 2016

The Securities and Exchange Commission has announced that it will host a public forum in Washington, D.C. The panels will discuss issues such as blockchain technology, automated investment advice or robo-advisors, online marketplace lending and crowdfunding, and how they may impact investors.

Innovation 60

Innovation Fintech Washington blockchain 60

CFPB Monitor

JULY 23, 2015

The Federal Trade Commission will be holding a workshop in Washington, D.C. October 30, 2015 to explore the growing use of online lead generation in various industries, including consumer lending. The workshop is free and open to the public.

Washington 60

Washington Regulation Lending Industry 60

PYMNTS

JULY 20, 2018

million with B2B startups this past week, and while investment targets were diverse (including B2B eCommerce and small business lending), the bulk of the funding landed at companies focused on enhancing businesses’ ability to assess their performance. Investors placed more than $136.5 This week, Fattmerchant announced $10.5 OfBusiness.

Analytics 105

Analytics Capital Tools California 105

PYMNTS

FEBRUARY 19, 2019

A rise in alternative lending and FinTech service providers has driven the digitization of both traditional and alternative financial services, leading some banks to invest in their online platforms and cut costs by shutting down physical branch locations. making it one of the nation’s first new community banks in years.

Marketing 108

Marketing Community Community Bank Industry 108

CFPB Monitor

JUNE 3, 2016

” In other words, “the Bureau is seeking information about certain consumer lending practices to increase the Bureau’s understanding of whether there is a need and basis for potential future efforts, including but not limited to future rulemakings, supervisory examinations, or enforcement investigations.”

Report 60

Report Lending Kansas City Kansas 60

CFPB Monitor

MARCH 25, 2015

Howard Beales, a professor in the George Washington School of Business, and Dr. Anand Goel of Navigant Economics. 55% of these loans were storefront loans and 45% were online loans. Payday Lending CFPB payday loan' Dr. Beales is a former Director of the FTC’s Bureau of Consumer Protection. The study analyzed 1.02

Study 60

Study Washington Lending Analysis 60

Independent Banker

NOVEMBER 25, 2015

“We are going to have to lean into this digitized world, so that we can continue to serve our customers well into the 21st century,” ICBA President and CEO Cam Fine told the 24th World Congress of Savings and Retail Banks in Washington, D.C., See “Closing the Gap” in the November 2015 issue, online at www.independentbanker.org.).

Community Bank 70

Community Bank Community Analytics Lending 70

PYMNTS

JUNE 30, 2016

The latest June count for where Walmart Pay is available is: Virginia, North Carolina, South Carolina, Nebraska, North Dakota, South Dakota, Iowa, Tennessee, Kentucky, Michigan, Indiana, Alabama, Georgia, Louisiana, Missouri, Mississippi and Washington, Missouri, Texas, Arkansas, and Washington, D.C. PayPal’s Consumer Support.

Mobile 104

Mobile Samsung Apple Missouri 104

Banking 2020

SEPTEMBER 25, 2014

Harborstone Credit Union has 18 branch locations in King, Pierce and Thurston counties in Washington. You recently launched CUneXus Comprehensive Pre-Screened Lending (CPL) Solution. Can you tell us more about that program and partnership?

Washington 97

Washington US Lending Tools 97

Independent Banker

MAY 25, 2016

in Washington, D.C., is already doing business as an online vault that people use to store and control the release of their personal data, files and images. One futuristic business concept mirroring traditional banking is forming around the warehousing and controlled sharing of personal information. One company called Personal Inc.

Washington 70

Washington Data Google Security 70

Independent Banker

JULY 30, 2015

A daily email newsletter that provides a comprehensive coverage of breaking industry news, including policy matters in Washington. An award-winning, monthly magazine that provides in-depth industry news, including member profiles, lending and technology trends, and expert insights. Independent Banker. Member Access®.

Resources 70

Resources Tools Community Bank Community 70

Gonzobanker

OCTOBER 21, 2015

Both Barbara and Robert encouraged a hyperfocus on the online channel and Barbara declared an end to fancy MBA language and discouraging meetings to bring in a testing and learning culture of fun. “I Washington Financial’s Betty Guerrieri and Jamie Anders with Eric Weikart. The Breakouts: A Few Nuggets Here and There….

Las Vegas 60

Las Vegas Retail Phoenix Branch Design 60

MyBankTracker

JUNE 6, 2020

NetCredit is an online personal lender that positions itself as an option in between traditional personal loans and expensive, predatory payday lenders. APRs are lower than predatory lending options. Lenders will only consider income with a paper trail when making a lending decision. Designed for borrowers with bad credit.

South Dakota 52

South Dakota Mississippi Lending Alabama 52

Fintech Labs Insights

FEBRUARY 24, 2016

ThreatMetrix Enters Into Agreement with FUJI SOFT to Provide Online Fraud Solutions to Japan. Lending Club opens to retail investors in Maryland and North Dakota, bringing its total to 45 states & Washington D.C. Peel Hunt Technology Sector Report highlights Featurespace.

North Dakota 12

North Dakota Maryland Washington Lending 12

PYMNTS

JULY 14, 2017

Dimon said the company, addressing loan growth, was “adding more and more online things” across credit approval and merchant processing, especially in middle-market loans – “this is going to grow for a long period of time.”. Notably, and in response to an analyst question about the state of the U.S.

Cards 109

Cards Mobile Community Bank Conference 109

Fintech Labs Insights

JUNE 6, 2016

Online financial advisor. Online payments & cash management for small businesses. Online commercial real estate investing platform . Tags: SMB, investors, commercial mortgage, P2P lending, credit, underwriting, real estate. Latest round: $188 million Debt (for AvantCredit UK). Total raised: $1.92 billion Debt).

Company 12

Company Fintech San Francisco New York City 12

Fintech Labs Insights

MAY 12, 2021

Bank of Montreal online mortgage app circa Jan 1998 (via Internet archive). It’s telling that Apply by Phone/Fax were more prominent than Apply Online. files over the weekend, I ran across an Online Banking Report article I wrote in 1997 about Bank of Montreal’s pioneering online mortgage application. HQ: Washington DC.

Atlanta 15

Atlanta Utah DC Detroit 15

Fintech Labs Insights

JANUARY 13, 2016

Lendful Financial. Online alt-lender. Online accounting. Consumer lending software for financial institutions. HQ: Bellevue, Washington. Tags: SMB, lending, loans, commercial lending, underwriting, alt-lender, Accion (investor). Total raised: $319.7 million ($44.7 million Equity, $275 million Debt).

Company 12

Company New York City Fintech Lending 12

Fintech Labs Insights

NOVEMBER 19, 2021

Bank of Montreal online mortgage app circa Jan 1998 (via Internet archive). It’s telling that Apply by Phone/Fax were more prominent than Apply Online. files over the weekend, I ran across an Online Banking Report article I wrote in 1997 about Bank of Montreal’s pioneering online mortgage application. HQ: Washington DC.

Atlanta 15

Atlanta Utah Miami DC 15

Fintech Labs Insights

NOVEMBER 19, 2021

Bank of Montreal online mortgage app circa Jan 1998 (via Internet archive). It’s telling that Apply by Phone/Fax were more prominent than Apply Online. files over the weekend, I ran across an Online Banking Report article I wrote in 1997 about Bank of Montreal’s pioneering online mortgage application. HQ: Washington DC.

Atlanta 15

Atlanta Utah Miami DC 15

Fintech Labs Insights

OCTOBER 9, 2015

HQ: Washington D.C. HQ: Seattle, Washington. Online payments & collections platform. Tags: Consumer, lending, banking, insurance, credit cards, lead gen. Total raised: $262 million (including $150 million debt). Source: Crunchbase. Balance Credit (SunUp Financial). Consumer alt-lender. HQ: Irving, Texas. InvestCloud.

New York City 12

New York City Company Fintech San Diego 12

Fintech Labs Insights

SEPTEMBER 21, 2015

Online investment platform. HQ: Seattle, Washington. Risk management for P2P lending. Tags: Consumer, lead gen, lending, mortgage. Health insurance. HQ: New York City. Latest round: $32.5 Total raised: $327.5 Source: Crunchbase. Aspiration. HQ: Marina Del Rey, California. Latest round: $15.5 Total raised: $20 million.

New York City 12

New York City San Francisco Company Fintech 12

Fintech Labs Insights

OCTOBER 26, 2015

Online personal financial management. Lending to bootcamp students. Marketplace lending platform. HQ: Seattle, Washington. Online platform for equity investing. Online telecom recharge & billpay. Tags: Consumer, P2P, lending, loans, underwriting, investing. P2P loan platform. Source: Crunchbase.

Company 12

Company Fintech California North Carolina 12

Fintech Labs Insights

APRIL 4, 2016

Consumer online investment platform. HQ: Fort Washington, Pennsylvania. Tags: Consumer, lending, deposits, loans, payments, banking, underbanked, non-banked. Latest round: $150 million Private Equity. Total raised: Unknown. HQ: Minneapolis, Minnesota. Source: Crunchbase. Betterment. Total raised: $205 million. HQ: California.

New York City 12

New York City Company Fintech California 12

Fintech Labs Insights

NOVEMBER 19, 2021

Bank of Montreal online mortgage app circa Jan 1998 (via Internet archive). It’s telling that Apply by Phone/Fax were more prominent than Apply Online. files over the weekend, I ran across an Online Banking Report article I wrote in 1997 about Bank of Montreal’s pioneering online mortgage application. HQ: Washington DC.

Atlanta 15

Atlanta Utah Miami DC 15

Fintech Labs Insights

JUNE 16, 2016

Along with the usual payment and lending startups, two insurtech companies raised substantial rounds: Embroker ($12.2 EZBob landed a $25 million debt commitmen t to increase its SMB lending. Real estate marketplace lending. Online cap table management. Total fundings in second quarter hit $8.4 Tink raised $10.2

San Francisco 12

San Francisco Company South Carolina New York City 12