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Marketplace Lending Depends on Savers Moving on From Bank Deposits

Bank Innovation

This feels like the Internet is dead consensus in 2002. Authoritative sources such as this Deloitte report (with sensationalist headline from Business Insider) add credibility to this meme. At the time I vividly recall the relief with which media companies Read More.

Lending 150
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Should Congress Increase FDIC Insurance Limits?

South State Correspondent

private and public lending markets are the world’s envy, with a wide availability of financing options for many capital seekers across the entire capital stack. Increasing insurance coverage on bank deposits will have unintended consequences and results contrary to what those in the banking industry want and what the U.S.

FDIC 195
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Credit Restrictions Make Real Estate Buys Stall

PYMNTS

As reported in the Wall Street Journal , the housing lending market has become a bifurcated one, with credit costs low in a phenomenally low interest rate environment. But banks are tightening the reins on risks they will take, which translates into lending reticence. If the American dream is buying real estate, the U.S.

St. Louis 100
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IdentityMind Global Appoints Business-Tech Vet To Board

PYMNTS

“IdentityMind Global has a unique approach to bringing integrity back to digital marketplaces and the online lending environment through the use of trusted digital identities” Zander said in a company news release. Before that, he served as president and chief operating officer of Sun Microsystems until June 2002.

Boston 100
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OCC issues proposed “true lender” rule

CFPB Monitor

2002 WL 1205060 (N.D. 2002) , we convinced the court that the need for certainty in the application of federal banking laws required it to honor the bank’s formal role as lender instead of participating in the case-by-case development of factually intensive recharacterization rules. In Hudson v. Ace Cash Express, Inc.,

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How Banks Can Better Use Grid-Based Pricing

South State Correspondent

The graph below shows the Fed’s balance sheet from 2002 to the present. The Fed may have reached its terminal Fed Funds rate, but COF will continue to rise as the Fed continues to liquidate its balance sheet. The Fed is reducing its balance sheet by $95B/mo, or $1.1T

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The Niche Bank

Jeff For Banks

Me to a community banker: Why don't you offer more options than real estate secured lending to help fund early stage businesses? What I hear most often is that community banks take deposits from people and businesses in their community and lend it to people and businesses in that same community. So we were both castaways. Seems risky.