PYMNTS

OCTOBER 11, 2020

Santander Bank has announced three high-level appointments, two overseeing lending operations and another overseeing marketing, according to a press release. Giancarlo Marchesi was named head of Consumer Lending, a new role at Santander. Patrick Smith was named head of Small Business Banking. Smith holds a B.S.

Lending 160

Lending New York Virginia Boston 160

PYMNTS

NOVEMBER 5, 2020

Ant Group 's initial public offering (IPO) could be delayed by six months and its valuation reduced by quite a lot after its delay this week, a report from the Financial Times says, as new regulations come into play. 3), one day after Beijing debuted a set of regulations that would have forced Ant Group to re-do its business model.

Groups 189

Groups Regulation Lending Financial Technology 189

PYMNTS

MAY 25, 2018

But some borrowers have now become burdened with debt after taking out high-interest rate loans from lenders that use the same technology — a problem that has come to the attention of the Kenyan government, Reuters reported. “We Once the money is deposited, Kenyans can spend it anywhere in the country.

Regulation 101

Regulation Lending Mobile Course 101

PYMNTS

AUGUST 16, 2019

Amid escalating political tensions between Hong Kong and China, the Financial Times reported Thursday (Aug. 15) that Hong Kong authorities have reportedly opened an investigation into Chinese banks operating in the city.

Lending 148

Lending Regulation Operations Analysis 148

PYMNTS

JUNE 23, 2016

The online lending landscape may get rockier as federal regulators are eyeing whether to bolster their oversight on loans extended to small businesses. The focus of these lenders has been to extend capital to small businesses and startups, and those players have maintained that more regulations could hurt business.

Lending 100

Lending Regulation San Francisco Online 100

PYMNTS

OCTOBER 16, 2020

As it aims to bolster methods of market exit and risk disposal for institutions that loan money, the central bank of China introduced a draft of updates to legislation applicable to commercial banks, Reuters reported. trillion yuan ($219 billion) in profit by cutting lending rates and deferring loan repayments in an effort to assist firms.

Regulation 280

Regulation Lending National Marketing 280

Abrigo

OCTOBER 17, 2023

Why change management is vital for banks and credit unions Regulators promote change management to manage risk, but banks and credit unions can also achieve important benefits when they manage change. This article describes recent comments by financial regulators about managing change.

Management 195

Management Lending Risk Management Strategy 195

PYMNTS

DECEMBER 30, 2019

But recent reports in the Wall Street Journal Monday (Dec. 30) said a lack of regulation in the online SMB lending arena is raising concerns over sky-high fees and interest rates, sparking a bigger conversation about expanding borrower protections beyond consumers. But recent reports in the Wall Street Journal Monday (Dec.

Lending 131

Lending Online California New York 131

PYMNTS

JUNE 10, 2019

The Financial Stability Board says Basel III rules have not led to a squeeze of the small business bank lending market, according to reports on Friday (June 7). The FSB announced Friday the findings of its analysis of Basel III regulations on the small business lending space. Some regulators aimed to mitigate that impact.

Lending 100

Lending Capital Regulation Survey 100

CFPB Monitor

APRIL 6, 2021

The Illinois Department of Financial and Professional Regulation (DFPR) has issued Predatory Loan Prevention Act Frequently Asked Questions (PLPA). The DFPR also issued a “ Notice Regarding the Consumer Reporting Database and the Predatory Loan Prevention Act ” (Notice). State database reporting. PLRA and CILA licensure.

Illinois 78

Illinois Regulation Report Lending 78

CFPB Monitor

SEPTEMBER 14, 2020

The report discusses the Bureau’s examinations in the areas of consumer reporting, debt collection, deposits, fair lending, mortgage servicing, and payday lending that were completed between September 2019 and December 2019. Consumer reporting. Key findings are described below. Deposits.

Lending 78

Lending Report Regulation Exercises 78

Perficient

FEBRUARY 29, 2024

Banking institutions are responding by integrating advanced technologies, particularly artificial intelligence and data analytics, into their lending operations to enhance efficiency and adaptability. Facilitation of embedded lending while ensuring compliance: Embedded finance initiatives must adhere to regulatory requirements.

Trends 221

Trends Industry Analytics Compliance 221

PYMNTS

OCTOBER 1, 2019

India-based financial services provider Reliance Capital has announced it will exit the lending market. 30), Reuters reported , noting that the company is struggling to overcome “collateral damage” resulting from a slowing national economic and a broader “crisis,” the publication said, in India’s lending sector.

Capital 109

Capital Lending Regulation Operations 109

PYMNTS

DECEMBER 23, 2019

The Reserve Bank of India (RBI), in a move to protect the interests of consumers, has passed a regulation that says the allowable exposure of a lender to all of its borrowers should not go over Rs 50 lakh ($70,000) at any time on a peer-to-peer (P2P) platform, according to a report by Business Insider. “On

Lending 132

Lending Guidelines System ATM 132

PYMNTS

MAY 24, 2019

Baoshang Bank, based in Inner Mongolia, will be taken over by China’s banking and insurance regulator over critical credit risks, according to a report by Reuters. The China Construction Bank (CCB), based in Baotou, will handle the bank’s business operations. The bank’s non-performing loan ratio, as of December 2016, was 1.68

Regulation 158

Regulation Lending Guidelines Maine 158

PYMNTS

NOVEMBER 3, 2020

3), stock exchanges in Shanghai and Hong Kong have suspended the looming IPO (initial public offering) in Ant Group, citing regulatory changes in the financial services landscape — and summoning executives including controller Jack Ma to meet with Chinese regulators at the China Securities Regulatory Commission.

Lending 199

Lending Meeting Groups Regulation 199

PYMNTS

JULY 31, 2019

China’s banking regulation is in-flux. As watchdogs ramp up oversight of financial institutions and FinTechs, late last year the China Banking and Insurance Regulatory Commission also announced plans to relax restrictions on foreign ownership of banks operating in the country.

Lending 134

Lending Policies National Guidelines 134

PYMNTS

SEPTEMBER 18, 2019

Indonesian peer-to-peer lending platform JULO is closing its Series A2 funding round with $15 million raised, after extending its initial $5 million Series A funding by an additional $10 million, according to a report. In South Asia, digital lending is becoming more and more common.

Lending 140

Lending Fintech Capital System 140

CFPB Monitor

JUNE 14, 2021

The new law became effective immediately upon signing notwithstanding the authority it gives the Illinois Department of Financial and Professional Regulation (“IDFPR”) to adopt rules “consistent with [the] Act.”. Proposed Regulations. The IDFPR has proposed regulations to implement the Act.

Illinois 78

Illinois Regulation Report Lending 78

PYMNTS

JULY 22, 2016

It feels like 2014 again with the ongoing popularity of alternative lending startups. It’s even more surprising given that 2016 could be the year that regulation begins to really kick in for these lenders — in the U.S., Alternative Lending. Find out how the more than $26.5 MarketInvoice. Seed funding for U.S.

Lending 100

Lending Regulation Big Data Risk Management 100

PYMNTS

OCTOBER 31, 2019

Shanghai regulators are ordering more than 40 peer-to-peer (P2P) lenders to get ready to close shop, the Financial Times (FT) reported on Thursday (Oct. China’s P2P sector emerged during a wave of deregulation and has operated with little oversight. Scandals also turned a negative spotlight on the P2P sector.

Regulation 100

Regulation Lending Meeting Fraud 100

Abrigo

MAY 15, 2020

Their loan requests, according to court documents, were made to pay employees for a business that was not operating at the time of pandemic and had no salaried employees. It is not too late to perform CDD and transaction monitoring of these businesses – the regulators will expect it. Lending & Credit Risk. SBA Lending.

Lending 195

Lending Rhode Island Fraud Los Angeles 195

PYMNTS

SEPTEMBER 3, 2019

regulations have been working to elevate business banking competition and expand access to capital for corporate and SMB borrowers, but the latest reports from the government suggest those efforts are falling short. Reports in The Irish News on Saturday (Aug. percent growth rate in lending for the month.

Lending 116

Lending Meeting Capital Industry 116

PYMNTS

MARCH 12, 2020

But the latest initiatives reveal a growing interest in transforming internal processes, particularly among smaller banks looking to upgrade their core infrastructure and elevate small business lending operations. Bectran Augments Cash Application With API. Jack Henry Links FIs to AR Finance Offering. Yes Bank Woes See API Disruption.

Lending 194

Lending Risk Management Fintech Community 194

Abrigo

JULY 27, 2023

Of course, banks and credit unions are highly regulated industries, and this is increasing. They must not only comply with regulations aimed at protecting the safety of the FI but also those protecting the customers/members. Regtech in banking can be used in a variety of ways to enhance monitoring, reporting, and compliance.

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JULY 27, 2023

Of course, banks and credit unions are highly regulated industries, and this is increasing. They must not only comply with regulations aimed at protecting the safety of the FI but also those protecting the customers/members. Regtech in banking can be used in a variety of ways to enhance monitoring, reporting, and compliance.

Technology 195

Technology Fraud Compliance Regulation 195

PYMNTS

AUGUST 30, 2018

China is struggling to bridge its small businesses to financing for growth, with broader fiscal policy at odds with the initiative, according to reports. South China Morning Post reported on Wednesday (Aug. At the same time, regulators are exploring strategies to curb ballooning corporate debt.

Policies 100

Policies Lending Regulation Community 100

PYMNTS

JANUARY 16, 2018

The Kansas businessman – facing a 2017 conviction for violating federal truth in lending and racketeering laws in connection with his online lending business – attempted to apologize for the $3.5 Regulators spent most of 2017 cracking down on the practice. Tribal Lending . attorney Joon H.

Lending 118

Lending Miami Regulation Kansas 118

CFPB Monitor

JULY 8, 2019

The CFPB’s annual fair lending report covering its 2018 activities was published in today’s Federal Register. In conjunction with the symposium, the Bureau released its third “Data Point” report focused on “credit invisibles.”

Lending 60

Lending Report Policies Compliance 60

PYMNTS

JANUARY 4, 2017

FinTech firms operating in Indonesia and running peer-to-peer lending businesses may face new regulations from the Indonesian Financial Services Authority (OJK). What’s important is they get onto our radar because we don’t want to regulate the prudential aspects hastily.

Regulation 128

Regulation Fintech Guidelines Capital 128

CFPB Monitor

APRIL 13, 2022

The CFPB has issued its Fall 2021 Semi-Annual Report to Congress covering the period April 1, 2021 through September 30, 2021. Since Rohit Chopra was sworn in as CFPB Director in October 2021, the report only reflects CFPB activity under the leadership of former Acting Director Uejio.

Report 78

Report Leadership Analysis Lending 78

PYMNTS

JANUARY 22, 2021

India's central bank wants stricter regulations for big shadow lenders, according to a new report from Bloomberg. 22) report, wants to prevent events like the collapse of a major financier in 2018 — which continues to have effects on the financial system even now. The Reserve Bank of India , according to the Friday (Jan.

Regulation 272

Regulation Capital Lending Groups 272

PYMNTS

DECEMBER 8, 2020

Jumio said the offering can reduce operational costs by as much as 90 percent, eliminate in-person visits and paper costs, and simplify archival processes. Brazil-based facial recognition and identification technologies provider Acesso Digital recently reported that more than 5.2 About The Tracker .

Video 211

Video Report Meeting United States 211

PYMNTS

SEPTEMBER 17, 2019

challenger bank Metro Bank, the financial institution is reportedly looking to reduce its corporate loan exposure and wind down commercial lending operations. Shares fell nearly 40 percent following initial reports of the errors related to misclassification of a large portion of the bank’s commercial loan portfolio.

Metro 100

Metro Lending Fraud Capital 100

Abrigo

MAY 19, 2023

The policy generally addresses the following items: Qualifications of loan review personnel Independence of loan review personnel Frequency of reviews Scope of reviews Depth of reviews Review of findings and follow-up Workpaper and report distribution.

Training 195

Training Lending Risk Management Guidelines 195

PYMNTS

DECEMBER 8, 2019

As a way to prevent unfair competition, the Financial Stability Board (FSB) said in a report on Sunday (Dec. Asset management, payments and lending are being offered by Microsoft, Amazon, eBay, Baidu, Apple, Facebook and Tencent — all which have colossal databases. However, there could be risks to financial stability.

Regulation 131

Regulation Data Google Fintech 131

PYMNTS

AUGUST 6, 2018

China has ordered a lockdown of Beijing’s financial district Monday (August 6) to prevent individuals from protesting a crisis in the peer-to-peer (P2P) lending marketplace. Leading up to the police action, investors have been withdrawing funds from P2P lending platforms amid a wave of defaults across the industry in China.

Lending 116

Lending Fraud Training Security 116