Abrigo

DECEMBER 14, 2014

Many would point to imprudent lending standards as a leading cause of the financial crisis of 2008, and in turn, financial institution regulators have since bolstered lending standards and capital thresholds as a preventive measure against a similar crisis.

Guidelines 223

Guidelines Payments Lending Capital 223

PYMNTS

FEBRUARY 4, 2019

A series of regulations was established to encourage a safer, more transparent financial services environment following the 2008 financial crisis. Money laundering remains a significant problem in the financial services sector, though, despite the urgency brought about by 2008. A DIY Approach To AML/KYC.

How To 161

How To Regulation Compliance Meeting 161

CFPB Monitor

MARCH 30, 2020

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes the following key provisions that affect financial institutions and regulation of financial institutions: Section 4003 – Emergency Relief and Taxpayer Provisions. Section 4010 – Temporary Hiring Flexibility. Section 4011 – Temporary Lending Limit Waiver.

Regulation 122

Regulation United States Community Bank National 122

PYMNTS

AUGUST 25, 2016

Though small businesses have suffered from a gap in financing availability post-2008, the demographic continues to shape the financial markets. But Clearinghouse CDFI can also offer interesting insight into the state of regulation of small business lending and how greater oversight may impact the SMEs that prop up their local communities.

Regulation 100

Regulation Lending Community California 100

CFPB Monitor

SEPTEMBER 15, 2023

Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra recently addressed The Mortgage Collaborative National Conference recounting the Congressional response to the mortgage industry crisis that began in 2008 that resulted in the creation of the CFPB.

Conference 88

Conference Regulation National Industry 88

PYMNTS

NOVEMBER 5, 2018

Roughly a decade on, is it time to remove some of the rules governing the financial sector that took shape in the aftermath of the Financial Crisis of 2008? To that end, the Federal Reserve proposed last week that some rules be relaxed for 16 financial institutions — though the largest banks in the country are not among them. PSD2 News, Too.

Regulation 128

Regulation Guidelines New York Groups 128

Abrigo

MARCH 6, 2015

March comes in like a lion for the nation’s largest banks. During examination time, regulators are increasingly looking at a bank’s stress testing processes and resulting capital plans. Stress testing becomes particularly relevant following Basel III coming into effect in January. ” Blog Bank'

Risk Management 150

Risk Management Capital Community Bank Regulation 150

PYMNTS

APRIL 14, 2020

The gig economy is set to expand and take on new importance as the nation and world recover from COVID-19. As is the case today, albeit on a far smaller scale, the market crash of 2008 left millions unemployed and scrambling. While there is no roadmap at present, fortunately, there are pathways.

Millennials 224

Millennials Compliance Payments National 224

PYMNTS

MARCH 22, 2019

The country’s national Aadhaar system has already issued unique 12-digit ID numbers to more than 1 billion residents since its launch in 2008, a figure that includes almost the entire Indian population. Such frictions could disrupt transactions between merchants and returning customers using new devices. .

National 150

National User Experience Cards Data 150

Abrigo

AUGUST 26, 2015

“… it’s not 2008.”. This is the sentiment of several high-profile executives regarding the National Credit Union Administration’s (NCUA) stance on examination cycles for credit unions. This followed further transparency of the NCUA’s budget, which noted $6.39 million allocated to examiner airfare and auto rentals.

Survey 150

Survey Community National Community Bank 150

PYMNTS

JUNE 26, 2018

Accountants with small business customers facing regulatory compliance or enforcement issues will be able to seamlessly direct those clients to the SBA ’s Office of the National Ombudsman (ONO), which helps to resolve those matters. The SBA and AICPA have been working together since 2008, the entities noted.

Groups 101

Groups National Compliance Lending 101

PYMNTS

SEPTEMBER 21, 2020

Bankia and CaixaBank recently said that they are combining in an arrangement that, if given the green light by shareholders and regulators, would make the biggest financial institution in the country. The entity formed by the combination would maintain the name of CaixaBank and be bigger than the nation’s current biggest bank, Santander.

Payments 141

Payments Groups National Regulation 141

PYMNTS

AUGUST 29, 2018

Deutsche Bank ’s Chief Executive Christian Sewing said on Wednesday (August 29) that the banking regulations in Europe remain fragmented, hurting the opportunity for international deals in Europe. The executive noted that the pressure for banks to consolidate via mergers and acquisitions is only going to increase.

Conference 100

Conference Leadership Regulation National 100

PYMNTS

NOVEMBER 9, 2016

Royal Bank of Scotland has been in hot water with regulators for years following allegations that the U.K. bank profited by pushing its small business clients into its Global Restructuring Group (GRG), allegedly imposing high fees and often forcing those SMEs into financial ruin.

Regulation 138

Regulation National Groups Report 138

PYMNTS

OCTOBER 1, 2019

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. Since their highest level in January 2008, reports said, shares have lost about 99 percent of their value. “It

Capital 109

Capital Lending Regulation Operations 109

PYMNTS

FEBRUARY 3, 2019

Australia’s competition regulator is going after the banking industry in the country, vowing to punish what it claims is misconduct, reported The Financial Times. He noted that regulators shouldn’t have allowed Westpac to merge with St George Bank back in 2008, reported The Financial Times.

Regulation 101

Regulation Fintech Study Industry 101

PYMNTS

MAY 25, 2016

regulators suggesting that lenders do not finance corporations with an already hefty debt load. financial regulators. “Regulators don’t make our loan decision for us,” said Wells Head of Corporate and Commercial Banking and Treasury Management Perry Pelos. “We have certain processes. ”

Lending 100

Lending Regulation America US 100

PYMNTS

MAY 12, 2016

office in London, revealed that back in 2008 secretive techniques and services were being offered to clients that would allow them to conceal assets. According to FT , no public or private action was taken against the bank by regulators after the information was disclosed. But as the FT’s reports showed, U.K.

Taxes 100

Taxes Fraud Regulation New York 100

PYMNTS

NOVEMBER 18, 2019

1 when City National Bank of New Jersey closed its three branches with assets of about $120.6 Bank failures increased dramatically in the last financial crisis, rising from 25 in 2008 to 140 in 2009. The most recent failure was on Nov. million and deposits totaling $111.2 The number reached a peak of 157 in 2010.

Kentucky 140

Kentucky FDIC Ohio US 140

PYMNTS

APRIL 17, 2020

It may sound like 2008 all over again, but this is different. Expect more ironies small and large as the nation at long last recognizes gig workers. Payments have to be more frequent.”. Platforms and Partners . Even as tens of millions contend with unemployment, gig workers are increasingly seen as central to the recovery effort.

Taxes 143

Taxes Maine Policies Payments 143

PYMNTS

JUNE 6, 2019

Waste is becoming ever more of a vice, especially among younger consumers, and now regulators. By 2023, manufacturers and retailers will have to donate, reuse or recycle the goods” under a program that the French prime minister called the first of its kind from any national government. Amazon’s Role.

Retail 146

Retail New York Online Trends 146

Abrigo

AUGUST 5, 2020

Key Takeaways This recession is significantly different than the 2008 financial crisis, creating a unique credit environment for financial institutions. is officially in a recession, according to the National Bureau of Economic Research. The national effects remain opaque and will continue to change – do not get complacent.

Management 195

Management Risk Management Trends Industry 195

BankUnderground

JUNE 29, 2023

Each of these episodes also raised questions about the impact of the extensive post-2008 regulatory reforms. Had stricter regulations on banks shifted vulnerabilities to other financial institutions in ways that created new systemic risks? This evidence also helps set priorities for the next phase of financial regulations.

Policies 115

Policies Regulation US Analysis 115

PYMNTS

JANUARY 29, 2018

The global financial crisis in 2008 was, in many ways, a catalyst to this innovation, especially in the area of small business (SMB) finance, as banks pulled their services away from SMBs and FinTechs stepped in to offer another option. despite a flurry of concerns over regulations, economic development and more.

Lending 116

Lending Florida Report Community Bank 116

PYMNTS

MAY 5, 2017

Although there were early inklings of the technology dating back to 1991, it wasn’t until 2008 when Satoshi Nakamoto implemented it as the base component of bitcoin currency that it really took off. PYMNTS: Is it possible to regulate a decentralized system like blockchain? Therefore, blockchains and MDLs regulate themselves.

blockchain 110

blockchain Bitcoin Regulation Industry 110

Independent Banker

FEBRUARY 28, 2023

So, he joined a training program at what was then Citizens & Southern National Bank, once the largest bank in the southeastern U.S., I got a job with First National Bank of Griffin, and I’ve been a community banker ever since.” During that time, he took the community bank through the Great Recession of 2008–09.

Community 172

Community Community Bank Georgia San Antonio 172

PYMNTS

JULY 10, 2018

’s Open Banking regulation made waves in the financial services market, and those effects have been felt far beyond the U.K.’s Today, Australian FIs are facing increased pressure from regulators, especially when it comes to small business banking and lending. ’s — and even Europe’s — borders.

Fintech 106

Fintech Regulation Innovation Data 106

PYMNTS

OCTOBER 24, 2017

Most industries took a major hit during the 2008 recession, especially in the building and construction sector. The number of construction companies has been growing steadily since 2012, when they began to recover from the 2008 economic recession. For The Most Part, The United States Is Doing Well.

Maine 104

Maine Regional United States Retail 104

PYMNTS

AUGUST 14, 2018

Payday and short-term lending is a contentious topic in the United States, particularly when it comes to its regulation. Almost everyone – state law makers, federal law makers, consumer groups, industry groups and even short-term lenders themselves – agree that the industry should be regulated. New Rules in Ohio.

Lending 100

Lending Ohio Regulation Industry 100

PYMNTS

JULY 2, 2018

Banks spent $100 billion on RegTech solutions last year, and $6 billion has been invested by venture capitalists since 2008. Third, the growth of digital environments and channels is flattening the global ecosystem, which makes international players subject to more jurisdictional laws, including nation-specific AML rules. Why RegTech?

Compliance 109

Compliance Regulation Meeting Strategy 109

Abrigo

JULY 28, 2021

Following the 2007-2008 financial crisis, the CECL model aimed to provide more timely adjustments of reserve levels than the existing incurred loss method. Shortly after, COVID-19 was declared a national emergency, sparking stay-at-home orders and other mandates. Shortly after, the U.S.

Risk Management 195

Risk Management Operations Trends Data 195

PYMNTS

APRIL 14, 2017

Bitcoin’s come a long way since its infancy in 2008. The goal is to propose new regulations for the nation of 1.2 At the time of writing, one bitcoin was equivalent to $1,174.45, down 3.46 percent from Wednesday’s close and trending downward still. billion with respect to treatment of digital currencies.

Bitcoin 106

Bitcoin National Report California 106

PYMNTS

JULY 28, 2016

His co-conspirator is Nazer A-Shekh Mosa aka Mohammed Hasan Haidar, a Syrian national. The more pessimistic International Chamber of Commerce clocked that figure in at $650 billion in 2008 — and estimated that by 2015 that value would have swelled to $1.7 The alleged criminal also sold $150,000 in fake euros. A third, U.S.-based

New York 100

New York National Groups System 100

PYMNTS

FEBRUARY 9, 2017

It wasn’t too long ago that the country’s economy was growing quickly, with Brazil’s GDP rising by more than 3 percent every year between 1999 and 2008. Proprietary data analysis focuses on the past, present and future of nations on the rise in the world of payments. Can Brazil return to its booming business days of yesteryear?

Report 100

Report Analysis Google National 100

Jeff For Banks

JANUARY 27, 2011

Most recently Valley National Bancorp''s highly respected CEO, Gerald Lipkin stated: "The positive [fourth quarter] results are attributable to management''s common sense and highly focused approach to traditional banking — gathering deposits and making relatively low-risk loans." ? Valley National had an ROA in the fourth quarter of 1.08%.

Community Bank 70

Community Bank Community Apple National 70

CFPB Monitor

JANUARY 19, 2015

Section 342 of Dodd-Frank directs each of the federal financial regulatory agencies to create an Office of Minority and Women Inclusion (OMWI) to oversee diversity efforts at the agencies, and further, to develop standards for assessing diversity policies and practices at regulated financial entities.

FDIC 60

FDIC Report Policies Regulation 60

BankUnderground

MAY 31, 2022

Systemic financial crises devastate nations across economic, social, and political dimensions. However, I hold back the sample corresponding to the UK in 2006 (two years prior to the 2008 financial crisis) to use as an out-of-sample test. I show that such a framework can effectively quantify the uncertainty inherent in prediction.

Data 126

Data Training Examples Policies 126