Independent Banker

MARCH 15, 2015

Needless to say, the advocacy process with the CFPB has moved at the speed of Washington. The latest ICBA salvo was the association’s January 2015 release of its Community Bank Lending Survey, which detailed the tangible impact of the current rules on community banks. See feature for details.).

Washington 70

Washington Community Bank Community Survey 70

Independent Banker

FEBRUARY 24, 2015

Needless to say, the advocacy process with the CFPB has moved at the speed of Washington. The latest ICBA salvo was the association’s January 2015 release of its Community Bank Lending Survey, which detailed the tangible impact of the current rules on community banks. See feature for details.).

Washington 70

Washington Community Bank Community Survey 70

PYMNTS

JUNE 1, 2018

Between 2015 and 2017, the amount of lending to small businesses by the five leading online lending providers increased 50 percent, according to a new report from NDP Analytics, a Washington, D.C.-based The report, entitled “The Economic Benefits of Online Lending to Small Businesses and the U.S. billion in 2017 from $2.6

Lending 103

Lending Online Community Washington 103

PYMNTS

DECEMBER 14, 2018

Just days after New York Attorney General (AG) Barbara Underwood announced an investigation into possible misconduct among merchant cash-advance (MCA) firms against small business (SMB) borrowers, The Washington Post reported that state legislators are vowing to push for change in the industry. The publication said on Thursday (Dec.

New York 139

New York Lending Washington Analysis 139

ABA Community Banking

APRIL 23, 2020

A new article in the Washington Post yesterday spotlighted the round-the-clock efforts of community banks to make Paycheck Protection Program loans with a largely remote workforce. The post Washington Post Article Spotlights Community Banks’ PPP Efforts appeared first on ABA Banking Journal.

Washington 59

Washington Community Bank Community Lending 59

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

Bank Innovation

MARCH 13, 2020

WaFd, formerly Washington Federal Bank, is offering interest-free lines of credit of up to $200,000 to small businesses as a result of the pandemic. As the novel coronavirus continues to spread, rattling the economy, banks are reevaluating their business propositions to clients.?

Seattle 307

Seattle Washington Omaha Customer Experience 307

PYMNTS

APRIL 24, 2018

Marketplace lending platforms – Lending Club, OnDeck, Prosper and the like – have inarguably and fundamentally altered the geography of the lending landscape. The lending model has fundamentally changed,” Vallée told Harvard Business School Weekly. Now decisions are increasingly based on hard information.

Lending 124

Lending Study Capital Data 124

American Banker

NOVEMBER 5, 2020

Executives from a half-dozen major financial institutions avoided detailed commercial lending forecasts and gave a mixed outlook on consumer credit at an industry conference. And they called on Washington to pass an aid package targeted at the most troubled business sectors as soon as it can.

Lending 57

Lending Washington Conference Industry 57

Independent Banker

SEPTEMBER 26, 2014

Even though the industry identified several major regulatory burdens, including those posed by the Truth in Lending Act and the Home Mortgage Disclosure Act, few substantive regulations were repealed. Advocacy & Policy Regulation / Compliance Washington Watch'

Washington 70

Washington Fort Worth Regulation Community Bank 70

PYMNTS

MARCH 25, 2019

A federal judge late last week ordered a stay on the August 2019 compliance date tied to the “ payday lending rule ” mandated roughly two years ago by the Consumer Financial Protection Bureau (CFPB).

Lending 128

Lending Illinois Compliance Chicago 128

American Banker

SEPTEMBER 15, 2023

A movement is afoot to transfer the job of the Federal Home Loan banks to the Federal Reserve. This would be a disaster for small lenders.

Washington 87

Washington Community Bank Policies Community 87

PYMNTS

FEBRUARY 5, 2019

I think it is pretty obvious when you read stories about the payday lending industry – and how it goes wrong for customers – that consumers need a better alternative,” Onward Financial Founder Ronnie Washington said. In an effort to innovate a solution to these cash flow challenges, Washington founded Onward Financial.

Washington 178

Washington Kansas City Lending Kansas 178

CFPB Monitor

JUNE 14, 2021

Two leaders of the CFPB’s Fair Lending Office – Patrick Ficklin, Fair Lending Director, and Charles Nier, Senior Fair Lending Counsel – recently published an article advocating for broader use of special purpose credit programs (“SPCPs”) by creditors. PRRAC is a civil rights law and policy organization based in Washington, D.C.

Lending 78

Lending Regulation Study Washington 78

American Banker

APRIL 14, 2016

Washington Federal in Seattle said its profit rose 3.4% million in the three months that ended March 31 as loan growth outweighed higher information technology costs.

Washington 28

Washington Seattle Lending Technology 28

CFPB Monitor

NOVEMBER 12, 2018

This afternoon, Pew Charitable Trusts will host an event in Washington, D.C. focusing on Ohio’s Fairness in Lending Act. Enacted in July 2018, the Act places new limitations on payday loans including an interest rate cap, a limit on the total cost of a loan, and other structural restrictions.

Ohio 68

Ohio Lending Colorado Washington 68

American Banker

MARCH 22, 2024

Harborstone Credit Union in suburban Lakewood, Washington, plans to buy Savi Financial. That's seven deals in less than three months this year; the highest full-year total was 16 in 2022.

Washington 83

Washington Community Bank Community Lending 83

CFPB Monitor

APRIL 15, 2016

The interest of federal regulators in marketplace lending continues to grow. In July 2015, the Treasury Department issued a request for information regarding online marketplace lending and, in February 2016, the FDIC published an article highlighting the risks for banks that partner with marketplace lenders.

Lending 60

Lending FDIC Washington Financial Technology 60

PYMNTS

FEBRUARY 15, 2018

Through the Conference of State Bank Supervisors, Georgia, Illinois, Kansas, Massachusetts, Texas, Tennessee and Washington are looking to standardize the ways firms across traditional financial services and FinTech upstarts apply for, and are granted, licenses. and Alibaba in China, may be able to “replace many banks.”

Washington 101

Washington Regulation Conference Fintech 101

Abrigo

APRIL 21, 2020

The CDFI instated Abrigo's SBA Lending technology platform and systemized approach soon after business owners were able to begin applying for PPP loans. Lending & Credit Risk. SBA Lending. Lending & Credit Risk. SBA Lending. Lending & Credit Risk. Lending & Credit Risk. SBA Lending.

Security 195

Security Lending Community Oakland 195

Let's Talk Payments

FEBRUARY 14, 2017

Association recommends leading-edge platform for small business loans for community and regional banks WASHINGTON — The American Bankers Association – through its subsidiary the Corporation for American Banking – has endorsed.

Lending 85

Lending Washington Regional Community 85

PYMNTS

MAY 28, 2019

The Federal Trade Commission has launched an investigation into the merchant cash advance industry just days after FTC Commissioner Rohit Chopra called on the watchdog to tackle unfair small business lending practices. The FTC’s Chopra spoke at a forum in Washington, D.C. ”

Washington 140

Washington New York Lending Regulation 140

CFPB Monitor

NOVEMBER 28, 2022

In announcing this request, “Enhancing Public Data on Auto Lending,” the CFPB stated: Financial markets and policymakers have long had access to granular mortgage data that has provided insight into patterns in lending and risk. But, despite its size, we know much less about the auto lending market.

Data 147

Data Marketing Lending Trends 147

American Banker

JUNE 29, 2016

WASHINGTON -- The Federal Deposit Insurance Corp. is launching a survey this month to collect data on the small business lending practices of insured banks.

Survey 40

Survey Lending FDIC Washington 40

FICO

OCTOBER 4, 2016

The potential of alternative data in consumer lending decisions continues to be a hot topic in Washington, D.C., Notably, the latest version of the Q&A guidance includes a new clarification of this standard involving the use of alternative credit histories in mortgage and consumer lending programs.

Lending 74

Lending Data Community FDIC 74

Independent Banker

DECEMBER 31, 2022

I encourage you to join us and lend your voice to supporting these and other advocacy efforts, which will shape the policy landscape. This year, gathering for ICBA LIVE in Hawaii and bringing our collective forces to Washington in the spring to advocate for our priorities will aid in ensuring community banks continue to flourish.

Community Bank 218

Community Bank Community Hawaii Washington 218

PYMNTS

NOVEMBER 26, 2020

New rules would require online lending companies like Ant to provide 30 percent of funding for loans, and firms would be banned from operating outside provincial bases without approval from a watchdog, Bloomberg said. And those lending in multiple provinces would have to have 5 billion yuan in registered capital at a minimum.

Industry 152

Industry DC Regulation Washington 152

American Banker

NOVEMBER 7, 2016

WASHINGTON – The Federal Reserve's periodic survey of bank loan officers indicates that a decline in banks' share of commercial and industrial lending activity is likely related to nonbanks' ability to outcompete on both price and loan terms.

Lending 47

Lending Washington Survey Industry 47

CFPB Monitor

SEPTEMBER 25, 2023

Department of Housing and Urban Development (HUD) under the Fair Housing Act (Act), the federal district court in Washington, DC granted HUD’s motion for summary judgment. Continue Reading

DC 78

DC Washington Lending 78

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

Bank Innovation

APRIL 25, 2019

WASHINGTON, D.C. Fintechs are having trouble facing reality when it comes to obtaining bank charters, FDIC Chairman Jelena McWilliams and Comptroller of the Currency Joseph Otting said here at the FDIC’s Fintech and the Future of Banking conference on Wednesday.

Fintech 186

Fintech FDIC Washington Conference 186

PYMNTS

FEBRUARY 14, 2019

13) said that alternative lender Fountainhead Commercial Capital can now offer SBA loans through its platform after securing a Small Business Lending Company (SBLC) loan program license from American Business Lending. The recent government shutdown forced the Small Business Administration to stall its lending operations.

Security 100

Security Lending Washington Capital 100

Bank Innovation

AUGUST 23, 2019

Washington, D.C.-based While student loans are a necessity for many American students, international students face the additional hurdle of a lack of credit access. based MPOWER is trying to solve this problem by offering international students loans based on future earnings potential.

Washington 170

Washington Customer Experience Lending 170

PYMNTS

JUNE 14, 2020

Now, the Tacoma, Washington, portrait studio is facing another challenge. Not only has Square processed $100,000 in Bluebonnet payments annually, she said, Square’s lending arm has offered customers financing and she has used its software for customers to book sessions and launch marketing campaigns, the report said.

San Francisco 221

San Francisco Boston Washington Software 221

American Banker

JANUARY 10, 2020

New legislation in Congress seeks to do away with a data-collection mandate that addressed discrimination in business lending. The repeal measure has the support of two bank industry groups based in Washington.

Washington 58

Washington Lending Groups Industry 58

CFPB Monitor

SEPTEMBER 21, 2020

Eric Kaplan, Director of the Housing Finance Program, Milken Institute (Washington, DC), was appointed to serve as CAB Chairperson. Nikitra Bailey, EVP, Center for Responsible Lending (Durham, NC). Jean Setzfand, Senior Vice President, AARP (Washington, DC). Clarksdale, MS). Bank (Minneapolis, MN).

DC 78

DC Mississippi Washington Oklahoma City 78

Abrigo

DECEMBER 26, 2014

Utilizing the Bank Information platform, Sageworks recently released a ranking of the top mortgage lending credit unions in the U.S. In a lending segment once cornered by banks, credit unions are making an impact for those looking to purchase their own home. Image via Mapcustomizer.com.

Regional 186

Regional Milwaukee Lending Washington 186