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. About 6,000 P2P platforms have missed payments to investors and “suddenly suspended operations.”

Leadership 131

Leadership Regulation Regional Lending 131

PYMNTS

APRIL 28, 2016

The new idea being floated involves classifying marketplace lenders, who operate online and also offer smaller loans with set payments, as installment lenders that are under the CFPB’s jurisdiction and regulations. The CFPB has been pursuing this quietly for some time. Many are also bound to reporting requirements with the SEC.

Lending 100

Lending Chicago Regulation Regional 100

PYMNTS

APRIL 16, 2020

This week’s look at the latest in bank-FinTech collaborations and open banking initiatives finds a focus on small business lending: In the U.K., This week’s look at the latest in bank-FinTech collaborations and open banking initiatives finds a focus on small business lending: In the U.K.,

Data 167

Data Lending Regional Fintech 167

Abrigo

FEBRUARY 23, 2023

The local decision-making and strong relationships with customers that are hallmarks of small community banks provide leaders with fresh chances to positively affect their towns, cities, and regions while growing a healthy institution. People have other options,” Kirby said. Talk to a specialist to learn more.

Community Bank 195

Community Bank Kansas City Community Lending 195

South State Correspondent

APRIL 30, 2024

Meet Competitive Pressures : National and larger regional banks are specifically targeting better borrowers for five, seven, ten-year fixed-rate loans. Lending Discipline : Sensible pricing methodology is part of a loan hedging program, and some hedge providers also offer a loan pricing model.

Community Bank 195

Community Bank FDIC Community National 195

South State Correspondent

APRIL 30, 2024

Meet Competitive Pressures : National and larger regional banks are specifically targeting better borrowers for five, seven, ten-year fixed-rate loans. Lending Discipline : Sensible pricing methodology is part of a loan hedging program, and some hedge providers also offer a loan pricing model.

Community Bank 195

Community Bank FDIC Community National 195

PYMNTS

JULY 1, 2016

Soon after Lending Club revealed its ex-CEO may have artificially inflated the company’s lending volumes, the U.S. Treasury Department released its report on the sector and concluded that the market would likely benefit from greater oversight from regulators. Alternative Lending. Lendingkart.

Lending 101

Lending Analytics Capital Industry 101

CFPB Monitor

DECEMBER 3, 2018

On November 15, 2018, in response to a November 7, 2018 letter from Republican Senators , FDIC Chairman Jelena McWilliams announced that the FDIC has engaged outside counsel to investigate the Obama-era Operation Choke Point, under which the FDIC and other government agencies pressured banks not to do business with payday lenders.

FDIC 68

FDIC Operations Exercises Policies 68

PYMNTS

AUGUST 16, 2019

Axos Bank parent company Axos Financial has rolled out out commercial banking operations across new markets in the U.S., “The nation’s two largest metropolitan areas are home to a majority of our commercial lending and banking clients,” said Greg Garrabrants, president and CEO of Axos, in a statement.

Los Angeles 101

Los Angeles New York FDIC Lending 101

PYMNTS

JANUARY 25, 2017

Will 2016 once again present an explosion in alt-lending transaction value? According to Robert Wardrop, executive director of the Cambridge Centre for Alternative Finance, the upcoming report on the issue will look to answer that — though the financial value of alternative lending may not be the right question to answer this year.

America 100

America Lending Regulation Regional 100

PYMNTS

NOVEMBER 27, 2019

When it comes to a country such as the UAE, demographics can play a role on that — some 80 percent of the population is made up of expats, and they don’t always have the best luck in navigating the local financial, banking and regulation landscape. The new venture, E20, is geared toward entrepreneurs and SMBs.

Fintech 167

Fintech Regional Regulation ATM 167

Independent Banker

NOVEMBER 30, 2021

State Bank of Texas, led by president Sushil Patel (center), has a niche working with hospitality customers like Reena and Arun Patel, who own and operate a La Quinta hotel in Dallas. Between the [Trump] administration and Congress and the regulators, they did a terrific job of allowing banks to work with their borrowers,” says Jeff W.

Community Bank 209

Community Bank Community Texas Dallas 209

PYMNTS

JUNE 4, 2018

has lagged behind other regions (notably Europe, and, for example, the U.K.) In news separate from the sandbox announcement, yet germane to the financial industry in general, loan terms are sweetening, with some regulators starting to worry about looser lending standards, leading to annual lending growth of 3 percent.

Fintech 119

Fintech Lending Regulation Examples 119

PYMNTS

JANUARY 15, 2019

central bank, is getting a bit worried about sharing some of the financial infrastructure with tech upstarts such as OnDeck Capital and Kabbage , a sense of caution that the newswire said puts the bank “at odds with other regulators looking to bring [those firms] into the fold.”. Reuters reported early Monday (Jan.

Fintech 148

Fintech St. Louis System Regulation 148

PYMNTS

JANUARY 22, 2021

IHS Markit said its Purchasing Managers Index for the region, which measures manufacturing and service sector activity, slid to 47.5 Activity for the region’s two largest economies, Germany and the U.K., The interest rate on main refinancing operations will remain at 0.00 in January from 49.1 faring the worst.

Data 169

Data Maine Regional Survey 169

PYMNTS

AUGUST 24, 2016

Goldman Sachs has been vocal about the lapse in small business funding availability, with president Gary Cohn telling reporters last year that regulations have caused an SME lending squeeze. “This transaction further strengthens our balance sheet and reinforces our unique position in the small business lending marketplace.”

Lending 100

Lending Regional Regulation Groups 100

PYMNTS

SEPTEMBER 13, 2017

But, because these solutions — like Bitcoin — are largely untested, many traditional banks are wary of investing in companies that operate in the space. Here’s a snapshot of some recent notable B2B API news: For many smaller merchants, fear is very much a factor when it comes to globally expanding their operations.

Strategy 190

Strategy Report Lending Fintech 190

PYMNTS

DECEMBER 9, 2020

Clearly there's regional saturation, which leads to consolidation.”. Lukies said that prior to the 2008 financial crisis, regulators and the like normally left banks to their own devices, as long as they didn’t mess it up so that people couldn’t pay their bills or go shopping. Banks Let Themselves Get Left Behind.

Innovation 306

Innovation Fintech Payments Regulation 306

Abrigo

JUNE 12, 2015

Lenders cited lower commodity prices, rising operating costs and the softening of cash rents. although more than half came from the Plains region. One respondent noted that ‘distressed operations may liquidate under-used items to bolster liquidity.’” Respondents’ primary service territories were throughout the U.S.,

Survey 150

Survey Kansas Kansas City Lending 150

Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. billion bank in the Mid-Atlantic region.

Fintech 195

Fintech Community Regional Technology 195

PYMNTS

AUGUST 20, 2018

Three months in, the European Union’s General Data Protection Regulation still stymies some firms seeking to comply with new rules and regulations governing data protection and privacy. Despite direct exposure to the region, they remain unaware of the GDPR requirements. Japan Eyes Cryptos, Yet Again.

Fintech 101

Fintech Survey Regulation Resources 101

PYMNTS

MAY 30, 2018

Financing of all sorts was on the downswing, and SMB owners began dipping into their own piggy banks before seeking a lending agreement. That finding comes care of data gathered by 12 regional Federal Reserve banks in a survey conducted over the third and fourth quarter of 2017. In the 10 years following the financial crisis, the U.S.

Lending 115

Lending Community Bank Survey Community 115

PYMNTS

SEPTEMBER 6, 2018

The age of technology is, of course, well upon us, with Software-as-a-Service (SaaS) a key conduit to making sure that at least some business operations — once the province of spreadsheets and reams of paper — can be streamlined. Automating that compliance is now a “need to have.”. However, in some ways, we are in uncharted territory.

Compliance 133

Compliance Fintech Regulation Knowledge Base 133

BankBazaar

APRIL 19, 2023

The US regional banks were under pressure as concern grew among customers and investors about the financial health of the banks in the country. What have the regulators done? After the collapse, the governments and regulators across the world are checking for SVB exposure in their corporate and banking sectors.

US 78

US United States FDIC Regulation 78

FluentBanking

APRIL 18, 2020

It is important to know thoroughly about the syllabus and regulations of any course before enrolling in that. The Admit Cards of the candidates of Dhaka city will be sent by the Institute to the Local Office/Zonal Office/Regional Office/Administration Department of the Head Office of their respective bank/financial institution.

Regulation 52

Regulation Case Study Security Management 52

South State Correspondent

AUGUST 21, 2022

Meet Competitive Pressures: National and larger regional banks are specifically targeting better borrowers for seven, ten, or 20-year fixed-rate loans. Lending Discipline: Hedging programs make loan pricing more transparent and force bankers to exercise sensible pricing methodologies.

How To 195

How To Community Bank Community FDIC 195

PYMNTS

JULY 2, 2020

Mastercard and Eedenbull are broadening their existing partnership into the Asia Pacific region in a move that sees Mastercard supporting EedenBull’s commercial card platform offered to banks. ” Mastercard, EedenBull Expand Into APAC. Global Cash Card’s Legal Saga Ends. In a collaboration with U.K.

Cards 208

Cards New York Capital Compliance 208

PYMNTS

SEPTEMBER 11, 2019

One of the first neobanks in the region, Nubank , traces its genesis back to 2013, having raised hundreds of millions of dollars to expand across several financing rounds. Last week, money transfer company B2B Pay said it plans to become a regulated financial institution and is raising money to pursue licensure.

Digital Banking 160

Digital Banking Millennials Mobile Regulation 160

Gonzobanker

JANUARY 17, 2020

For execs who climbed the ladder in finance, lending or branches, buckle in because the techies are about to steal the show. Banks are most afraid of big tech, just when these players face regulation. However, between anti-trust regulations, algorithm investigations and states focused on privacy (e.g.,

Customer Experience 127

Customer Experience Fintech Regional Cards 127

Independent Banker

JULY 31, 2022

Regulators made no bones about the fact that a number of additional rate hikes are likely to happen this year. The regulators keep hammering banks, saying, ‘Remember this, and don’t do that,’” he says. Community banks need to take advantage of the digitalization of banking operations.”. ? Play the long game. Connors, Jr.,

Strategy 135

Strategy Community Bank Louisville Community 135

BankUnderground

JANUARY 27, 2021

One key message stands out: banks that are more rooted in their market are much more likely to continue lending when faced with the economic fallout from such shock. Banks with access to central bank liquidity continued or even expanded their lending. A pandemic or natural disaster can impact lending in several ways.

Lending 70

Lending Study Marketing Capital 70

FICO

AUGUST 10, 2022

The removal of the mortgage market affordability test in the UK could pose challenges at a time when affordability is an important lending issue. Last year saw the highest level of mortgage lending the UK has seen since before the global financial crisis. Affordability Assessments and Unrestrained Lending. by Matt Cox.

Lending 52

Lending Fraud Meeting Data 52

PYMNTS

SEPTEMBER 18, 2019

As Ufford pointed out, as Trulioo gets closer to the total [population] number, the challenge inherent in verifying identities is that it’s not just adults, but entire geographic regions — such as throughout Africa and parts of South America and Asia — that have yet to become part of the digital world. The Business Side: Unlocking the Analog.

How To 158

How To Regional Cards Data 158

PYMNTS

NOVEMBER 22, 2018

London, of course, has for years been a nerve center for financial services in the region, which has been an integrated landscape of members spanning the European Economic Area (EEA) freely accessing each other’s markets. Critics charge that equivalency can be revoked by regulators in Brussels, and that the U.K.

Fintech 156

Fintech Regulation Course Cards 156

Bank Innovation

MAY 9, 2017

Due to complexity and regulation, it has taken finance a little longer than other industries to evolve into an interoperable and open industry model. Open finance is a story about innovation through interoperability and interoperability has become a major industrial force in modern economics.

Data 191

Data Trends Industry Examples 191

PYMNTS

OCTOBER 1, 2018

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. lending marketplace. Attorney Alex Tse. “We The Response.

Lending 135

Lending Fraud Management San Francisco 135

Gonzobanker

DECEMBER 17, 2021

Lots of tech and operations to clean up, it appears, but no solid bank is better qualified than the team from Minneapolis. From nowhere, sizable regional players are being created. Performance and multiples continue to be solid, outperforming most regional banks. We salute a legend of lending and credit union leadership.

Fintech 147

Fintech Strategy Leadership Lending 147