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Credit Card Charge-Offs Reach Highest Rate Since 2009

PYMNTS

Moody’s Investors Service reported Thursday (June 8) that credit card charge-offs — debts that are so delinquent that lending institutions have basically given up on collecting them — are at their highest rate since 2009 , possibly due to loosening lending standards. Synchrony Financial saw the highest charge-off rate at 5.4

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Inside Look: Kabbage automates small business lending

BankInovation

Automated lending fintech Kabbage is no stranger to disruption. Founded in 2009 in the wake of the Great Recession, the fintech’s lending solutions were one of the first to leverage automation and dynamic data analysis to improve efficiency in small business lending.

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How Your Bank Can Make Construction Lending More Profitable

South State Correspondent

In fact, C&D loans were one of the major causes of bank failures from 2009 to 2011. While C&D loan volumes bolstered total loan growth, these same loans resulted in substantial detraction from risk-adjusted return on equity (ROE). Compared to their peak in 2007, current C&D loan portfolios are relatively small.

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Lending Club Appoints BlackRock Veteran As Chief Capital Officer

PYMNTS

Lending Club, which has been struggling to recover from loan errors and the departure of its Chief Executive (among other issues), has named Patrick Dunne, a veteran of BlackRock, as its new chief capital officer. Dunne is well known in financial circles and his appointment is seen as a boon to the beleaguered Lending Club.

Lending 100
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Taking A Credit-First Approach To Alt Lending 

PYMNTS

However, Tavares said the landscape is shifting, as LendingPoint and other alternative credit products lend their ears — and their money — to underserved populations. Burnside got his start in small business lending. It’s a very real situation in the U.S., which is where Dominican-born LendingPoint CSO Juan Tavares now calls home.

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Why Diversification Fails at Banks

South State Correspondent

The thinking is that diversification-induced lending leads to banking resiliency. We believe that while lending diversification leads banks to lend more in normal times (especially for banks over $50B in assets) and does benefit the general economy, community banks should be careful in how and where they choose to diversify.

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Why Diversification Fails at Banks

South State Correspondent

The thinking is that diversification-induced lending leads to banking resiliency. We believe that while lending diversification leads banks to lend more in normal times (especially for banks over $50B in assets) and does benefit the general economy, community banks should be careful in how and where they choose to diversify.