2004 Lending Regulation 
Abrigo
DECEMBER 16, 2014
Lending standards continue to relax, according to data from the OCC’s 2014 Survey of Credit Underwriting Practices. This type of easing is similar to that experienced between 2004 and 2006, the time period leading up to the financial crisis, which many attribute to inadequate lending standards.
Abrigo
JUNE 22, 2015
On June 18th, the board of the National Credit Union Administration (NCUA) unanimously approved five items , including a proposed rule aimed at modernizing member business lending (MBL). Small business lending at credit unions has continued to increase over the last several years. billion in 2004. billion in 2004.
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PYMNTS
AUGUST 15, 2018
That’s because, particularly in the last five years or so, CashCall’s existence has become somewhat more legally fraught as it increasingly faces the ire of consumer groups, judges and regulators over the products it offers. The plaintiffs borrowed from CashCall at rates of 96 percent or 135 percent between 2004 and 2011.
PYMNTS
OCTOBER 11, 2016
The business’ is most closely connected to Alipay, China’s largest online payments option, while also offering wealth management services, as well as credit scoring, micro lending and insurance. Alibaba launched Alipay in 2004, and later peeled off on its on accord ten years later.
PYMNTS
OCTOBER 18, 2019
Consumer and business lending crumbled last year, prompting regulators to lower the cost of borrowing. Through the launch of Alipay in 2004 to boost eCommerce platform Alibaba, the company has moved into lending, insurance and credit-scoring. They’re still experiencing a very strong growth.
PYMNTS
JANUARY 20, 2020
The Conference of State Bank Supervisors recently released data that found the number of community banks in operation in the country has dropped from about 8,000 in 2004 to about 5,400 in 2018. The sky is the limit,” Cook said of the opportunities this regulation opens. There are a ton of opportunities to lend side-by-side,” he said.
Jeff For Banks
JUNE 8, 2013
It appears that banks that had the ability to do the same during the heady lending times of 2004 - 2007 found it to be an enduring strategy (see table from Fed study). In addition to that, here is what I think a bank should do to avoid the lending hubris that led up to the crisis: 1. Lend Consistent With Your Strategy.
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