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. 29) that the government’s efforts to spur small business lending by pumping money into the financial services market has yielded only modest success.

Policies 100

Policies Lending Regulation Community 100

BankUnderground

OCTOBER 4, 2023

Julia Giese, Michael McLeay, David Aikman and Sujit Kapadia Central banks have been using a range of monetary policy and macroprudential tools to maintain monetary and financial stability. Financial crises and macroprudential policy The global financial crisis of 2007–08 highlighted major deficiencies in macrofinancial policy frameworks.

Policies 113

Policies Tools Capital System 113

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.

Lending 195

Lending Community Bank Community Analysis 195

PYMNTS

JANUARY 21, 2021

The European Central Bank (ECB) held this year’s first monetary policy meeting, and said in a statement on Thursday (Jan. The central bank’s governing council said that Eurozone interest rates will stay at record lows, as would other policies instituted during the pandemic.

Policies 226

Policies Operations Maine Course 226

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.

Lending 148

Lending Report Memphis Tennessee 148

PYMNTS

JANUARY 14, 2021

After reviewing numerous complaints, Google India said it will remove any apps relating to personal lending that are found to be in violation of its terms of service. The policy requires transparency by financial services apps that extend personal loans. . 14) blog post. “In

Policies 150

Policies Google Lending Regional 150

PYMNTS

DECEMBER 23, 2019

Policy advisers at a leading think tank said that China should introduce a regulatory framework for artificial intelligence in the finance sector, according to a report from Reuters on Sunday (Dec 22). The risk and safety lines with AI in China in the finance sector appear to be blurring.

Regulation 202

Regulation Groups Policies Big Data 202

American Banker

JANUARY 19, 2024

Bank regulators Friday said the existing laws governing safety and soundness and fair lending are adequate to address risks posed by artificial intelligence, noting that while AI may be used to inform lending decisions, banks are ultimately responsible for compliance.

Regulation 88

Regulation Tools Compliance Lending 88

PYMNTS

JULY 31, 2018

The P2P lending market is big business in the U.K. Peer-to-Peer Finance Association (P2PFA), a self-regulating P2P industry group that includes most of the biggest names in U.K. marketplace lending, the country’s P2P lending industry had hit £9 billion in loan originations from the group’s members as of Q1 2018.

Lending 100

Lending Regulation Industry Report 100

Abrigo

OCTOBER 11, 2017

Policies are “the cornerstones for sound lending and loan administration,” and risk rating policies are a key component. An institution must develop appropriate policies and procedures based on its size and the complexity of its portfolio. Here are three best practices when developing risk rating policies.

Policies 150

Policies Lending Examples Management 150

Abrigo

MAY 19, 2023

The scope and depth of loan review Loan review requires a "renaissance banker" Loan review policies are typically reviewed and approved at least annually by the board of directors. Policy guidelines usually include a written description of the overall credit grading process and establish responsibilities for the various loan review functions.

Training 195

Training Lending Risk Management Guidelines 195

Abrigo

AUGUST 8, 2021

Independent Loan Review Systems in Banking Banking regulators have outlined expectations for effective, independent loan review and credit risk review. . Takeaway 3 Timely risk ratings and a written review policy are critical components of effective loan review and credit review. Identifying Credit Weaknesses.

System 195

System Lending Policies Regulation 195

PYMNTS

JULY 31, 2019

China’s banking regulation is in-flux. In May, the watchdog laid out a dozen additional measures as part of that effort, including ending a policy that required foreign banks to meet certain asset thresholds to operate and establish branches in China.

Lending 134

Lending Policies National Guidelines 134

American Banker

NOVEMBER 6, 2023

economy and local economies throughout our nation are being "hung out to dry" by regulators' push for increased capital requirements, according to the head of the Small Business & Entrepreneurship Council. The small businesses that drive the U.S.

Policies 92

Policies National Regulation Capital 92

Abrigo

OCTOBER 28, 2022

Takeaway 1 Signs point to increased loan modifications and loan workouts, and regulators have urged financial institutions to work prudently with borrowers. . Takeaway 3 Successful, high-performing institutions can take several actions now to ensure policies, people, and processes are ready. CRE loan accommodations.

Management 195

Management Risk Management Policies Lending 195

CFPB Monitor

AUGUST 11, 2022

The FHFA announced that Fannie Mae and Freddie Mac will require mortgage servicers to maintain certain fair lending data elements, including the borrower’s age, race, ethnicity, gender, and preferred language. The fair lending data must be stored in a searchable format, and must transfer with servicing throughout the loan term.

Lending 78

Lending Data Regulation Policies 78

Abrigo

FEBRUARY 16, 2024

It's about ensuring that every aspect of your lending operation is optimized for efficiency and effectiveness. Clearly defined policies and procedures can help avoid confusion and streamline credit operations. Assess and control key risk areas with an effective credit policy. Discover options for loan policy review assistance.

Training 195

Training Risk Management Analysis Policies 195

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

Abrigo

MAY 18, 2023

How to evaluate loan review processes based on their scope and depth A closer look at loan review can help your institution determine what steps to take to please regulators and streamline processes. You might also like this webinar, "Return to basics: Asking the right credit risk questions."

Lending 195

Lending Training Guidelines Policies 195

Abrigo

DECEMBER 8, 2014

After developing an MBL strategy, the next step is to define lending policies to ensure the success of the strategy. When developing institution-specific policies, be sure to pay careful attention to the following policy areas: • Cash flow analysis. • Credit risk rating system. • Audit review and control.

Policies 150

Policies How To Analysis Lending 150

PYMNTS

JANUARY 7, 2019

Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. Such alternative data, said the GAO, could pose risk to such lending decisions. Late last week, the U.S.

Lending 150

Lending Fintech Data Wyoming 150

Abrigo

OCTOBER 14, 2022

Takeaway 1 Loan modifications training, automating processes, and updating policies and procedures can help prepare organizations for change. Takeaway 3 Utilize regulatory guidance to understand regulators' expectations, which are likely to include consistent stress testing. Get to know regulator expectations and priorities.

Risk Management 195

Risk Management Management Policies Lending 195

American Banker

SEPTEMBER 10, 2023

A district court judge ruled that Congress did not give the Consumer Financial Protection Bureau broad authority to look for discrimination, putting a major dent into the bureau's efforts to apply anti-discrimination principles to non-lending products such as advertising.

Texas 88

Texas Policies Lending Compliance 88

BankUnderground

AUGUST 31, 2022

While regulators cannot be sure what risks the next decade will feature, they can be sure that the set of issues will continuously evolve. Figure 1 summarises the most common issues considered by the Financial Policy Committee in the last decade. Alina Barnett, Sinem Hacioglu Hoke and Simon Lloyd.

Policies 82

Policies Marketing System Regulation 82

Abrigo

OCTOBER 16, 2023

Takeaway 2 Participation in BaaS models, staffing changes, poor training, and failure to reassess policies post-pandemic are risk factors for credit unions Takeaway 3 Compliance officers should always be thinking about how BSA, AML, and fraud concerns impact their credit union and , ultimately , their members. FinCEN assessed a $1.5

Training 221

Training Compliance Fraud Policies 221

Abrigo

MAY 15, 2020

Customer due diligence (CDD) steps that should be taken by the lending institution includes: If the loan is being made to an existing customer and the Customer Identification Program (CIP) information was previously verified, there is no need to re-verify the information. Lending & Credit Risk. Member Business Lending.

Lending 195

Lending Rhode Island Fraud Los Angeles 195

BankUnderground

FEBRUARY 8, 2022

Could the slow response of deposit rates to changes in monetary policy strengthen its impact on the economy? At first look, the answer would probably be ‘no’ Imperfect pass-through of policy to deposit rates means that the rates on a portion of assets in the economy respond by less than they could. Alberto Polo.

Policies 84

Policies United States Marketing US 84

PYMNTS

MAY 7, 2018

Vice finance minister Cheng Lihua introduced seven new tax policies during a press conference Friday, with the goal of saving small businesses $9.45 The policies include tax cuts and introduce other incentives for SMBs to upgrade equipment, improve employee training, and enhance their research and development, the publication said.

Taxes 100

Taxes Policies Conference Training 100

American Banker

JULY 2, 2023

Higher capital requirements tend to drive certain lending activities away from banking and toward so-called shadow banks. How regulators shore up banks without driving their customers away is the source of a spirited philosophical debate in Washington.

Capital 87

Capital Regulation Washington Lending 87

Jeff For Banks

APRIL 6, 2021

You can see how it accelerates home ownership, which many economists and policy makers feel is critical to improving net worth. The first was regulator arbitrage, where a bank decides to have an activity regulated by one entity rather than another because of the perception that the chosen regulator will be less risky to them.

Regulation 78

Regulation Philadelphia Study Lending 78

TheGuardian

APRIL 1, 2024

Codes of conduct are on the rise, and have a focus on reputational risk as well as on harassment When more than 1,300 lending bosses, regulators and MPs descended on Grosvenor House hotel on Park Lane in London for a black-tie dinner in late February, they arrived informed.

Policies 86

Policies Lending Regulation 86

CFPB Monitor

OCTOBER 25, 2022

Under the settlement, Rhinebeck will pay a $950,000 civil money penalty, provide restitution to borrowers, and develop a compliance plan which includes updates to its auto policies to cap dealer markups on installment contracts purchased by the bank. to 2.5% (and up to 3%, in a small number of cases) depending on the term of the contract.

New York 78

New York Lending Community Bank Community 78

Abrigo

OCTOBER 16, 2023

Takeaway 2 Participation in BaaS models, staffing changes, poor training, and failure to reassess policies post-pandemic are risk factors for credit unions Takeaway 3 Compliance officers should always be thinking about how BSA, AML, and fraud concerns impact their credit union and , ultimately , their members. FinCEN assessed a $1.5

Training 195

Training Compliance Fraud Policies 195

Abrigo

APRIL 21, 2023

Focus loan reviews on risk in the portfolio Continuous loan review monitoring helps banks and credit unions ensure credit review systems support safe and sound lending. discussed how they use continuous monitoring in their efforts to ensure safe and sound lending practices.

Lending 195

Lending Risk Management Software System 195

Abrigo

MAY 30, 2023

Final rule Effective dates & compliance dates for rule 1071 As they do with any new requirement, financial institutions want to know when the CFPB 1071 rule is effective and when they must begin collecting and reporting data on their small business lending activities. Which lenders are counted as “covered financial institutions”?

Compliance 195

Compliance Lending Data Regulation 195

Abrigo

NOVEMBER 8, 2019

Some financial institutions may view stress testing as a “check the box” practice to satisfy regulators, but others are making the most out of the process. Effective stress testing can benefit many different facets of lending, from risk management and strategic decision-making to capital adequacy and liquidity management. Learn More.

Lending 150

Lending Risk Management Analysis Capital 150

Abrigo

DECEMBER 5, 2023

AML Compliance Ten qualities of a successful BSA officer Hiring a Bank Secrecy Act (BSA) Officer for a financial institution involves looking for a unique experience level and skillset that ensures compliance with the BSA and related regulations. This includes training staff on BSA/AML policies and fostering a culture of compliance.

Training 221

Training Compliance Regulation Software 221