Abrigo

FEBRUARY 24, 2015

The auto industry had a substantial year in 2014, selling nearly one million more vehicles than in 2013. And just as in mortgage lending , credit unions are seeing a bigger piece of the consumer loan pie. credit union auto lending portfolios are faring. credit union auto lending portfolios are faring.

Lending 150

Lending Alaska Regional Indiana 150

PYMNTS

JANUARY 7, 2019

Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. Such alternative data, said the GAO, could pose risk to such lending decisions.

Lending 150

Lending Fintech Data Wyoming 150

Bank Innovation

NOVEMBER 8, 2017

WeLab was founded in 2013, and now has over […]. The round included big names like Chinese e-commerce giant Alibaba, Credit Suisse and World Bank’s International Finance Corporation. This latest round of funding brings WeLab’s total to $425 million.

Mobile 150

Mobile Lending Capital Online 150

BankUnderground

APRIL 3, 2025

On balance, the literature is critical of loan forbearance in the corporate sector because of its potential to contribute to zombification a situation where bank lending keeps unproductive firms alive, resulting in lower aggregate total factor productivity.

Lending 52

Lending Tools Management Policies 52

PYMNTS

DECEMBER 28, 2020

CEO since 2013, Siegel will continue to lead the company following the acquisition. This investment demonstrates our commitment to deliver exceptional travel benefits at-scale to our large and rapidly growing customer base,” Marianne Lake, CEO of Consumer Lending at J.P. Morgan Chase, said in a press release.

Connecticut 282

Connecticut Groups Customer Experience Cards 282

Bank Innovation

FEBRUARY 28, 2018

With seven million active monthly users in December 2017, according to its fourth quarter earnings yesterday, the company’s Square Cash app—launched in 2013—is more popular than one might have thought; In any case, Square has not previously released usage numbers for the mobile.Read More.

Bitcoin 259

Bitcoin Capital Lending Online 259

PYMNTS

APRIL 10, 2020

Sashank Rishyasringa and Gaurav Hinduja rolled out Capital Float in 2013. The company assists small and medium-sized enterprises (SMEs) with growth through lending. The startup’s board had set aside just under 93,000 Series E preference shares with an INR 100 nominal value, Inc 42 reported.

Capital 230

Capital Lending Fintech Report 230

PYMNTS

APRIL 13, 2018

Small business lending platform Kabbage is making plans to acquire Orchard Platform Markets, a provider of lending data and services. Founded in 2013, New York-based Orchard initially provided Wall Street firms with data on the marketplace lending sector. Both companies declined to comment. billion.

Lending 108

Lending Data Marketing New York 108

PYMNTS

MAY 20, 2016

In the latest chapter of the Lending Club drama, on Thursday (May 19), it came to light that New York’s highest-ranking financial regulator has launched an official inquiry into the online alternative lender. The requested New York information dates back to 2013.

Lending 100

Lending Regulation New York Course 100

PYMNTS

DECEMBER 10, 2016

Two years ago today, Lending Club was ringing the bell on an IPO that one early investor called “a no-brainer.”. Lending Club’s model does not need bank branches on each street corner, and it can turn around in minutes and hours, not days. “I So what went so right for LendingClub two years ago today at its IPO — and then so wrong?

Lending 100

Lending Compliance Capital Marketing 100

PYMNTS

MAY 10, 2016

Renaud Laplanche , Former CEO of Lending Club, in a 2013 interview. Those were the good old days of Lending Club, a Silicon Valley darling that was the next big thing in lending. Lending Club was the poster child of that alt lending movement. I want to create something new and innovative.”

Lending 100

Lending Capital Compliance Operations 100

South State Correspondent

NOVEMBER 9, 2016

Back in June of 2013, the FDIC, OCC, and Federal Reserve jointly approved rules intended to implement new international banking standards. Starting in 2015, all US banks that lend on “high volatility commercial real estate” (HVCRE) are required to hold more capital against such loans.

FDIC 150

FDIC Capital Lending US 150

PYMNTS

JANUARY 6, 2017

-based startup company that operates an online lending platform, has received an investment of £40 million from British Business Bank, the state-owned bank, but the money comes with strings. According to a report , Funding Circle has to use the funds to lend to small businesses. The new funds will go to loan money to U.K.

Lending 100

Lending Report Operations Online 100

PYMNTS

MAY 25, 2016

Reports by Financial Times said on Tuesday (May 24) that Wells Fargo vowed to continue to lend to businesses that have significant outstanding debt against the guidance of U.S. financial regulators. ” Reports said Wells has pursued greater market share in its non-retail banking operations since its acquisition of Wachovia in 2008.

Lending 100

Lending Regulation America US 100

PYMNTS

SEPTEMBER 25, 2018

When it comes to FinTech firms and lending, might it be that what we don’t know could hurt us? Beyond that, volume has exploded, with $284 billion extended in 2016 compared to $11 billion in 2013. Broken down a bit, business lending was most prevalent in countries such as Singapore, the Netherlands and Japan.

Fintech 172

Fintech Lending United States Regulation 172

PYMNTS

FEBRUARY 6, 2018

That rate, he noted, is based on more than mutual soldier loyalty, as StreetShares has other lending requirements. Between its founding in 2013 and 2016, StreetShares had previously raised $8.3 How low, we don’t know: Rockefeller declined to disclose, beyond noting that it is well below industry standard. What’s Next.

Lending 119

Lending Virginia United States Capital 119

PYMNTS

NOVEMBER 16, 2018

Small business credit analysis company PayNet is linking up with a community bank to streamline SMB lending for the institution. In another statement, BNB Bank EVP and Chief Lending Officer Kevin L. ” Analysis has also found that community banks are playing a larger role in small business lending. .”

Community Bank 134

Community Bank Community Lending Analysis 134

Bank Innovation

JUNE 29, 2016

Square Cash was launched by Square in 2013 for P2P payments. Is Citigroup going to partner with Square to offer the startup’s peer-to-peer payments service to Citi customers? That’s the implication from a recently published article in Fortune. The service is available in the U.S., and for both personal or Read More.

Payments 186

Payments Marketing Cards Innovation 186

PYMNTS

MARCH 4, 2020

Robinhood was founded in 2013 in Silicon Valley by Vladimir Tenev and Baiju Bhatt. It doesn’t charge any fees and earns revenue from interest earned on customers’ cash balances and margin lending.

System 213

System Lending Marketing US 213

Abrigo

FEBRUARY 17, 2015

Which areas of lending and what banks are driving the expansion? Agricultural lending represents two percent, and all other loan types represent the remaining 12 percent. In fact, community banks accounted for 44 percent of all CRE lending, and 78 percent of all agricultural lending. Following the recent recession, U.S.

St. Louis 150

St. Louis Lending Community Bank Regional 150

PYMNTS

NOVEMBER 20, 2018

In some areas, the growth in sub-prime lending matches overall growth in the segment, with credit cards and personal loans as the best example. Auto lending saw its sub-prime loans delinquency rate improve by 15 basis points, from 6.9 In fact, that lowering delinquency story was also one that occurred across segments.

Lending 188

Lending Trends Cards Capital 188

Abrigo

JUNE 29, 2022

farmers is even more unpredictable than in recent years, so financial institutions will want to keep a close eye on the agricultural sector -- both to protect ag lending portfolios and tap into ag loan growth opportunities. Stay up to date on the farm outlook and ag lending best practices. Ag Lending. Lending & Credit Risk.

Kansas City 195

Kansas City Kansas Lending Oklahoma 195

Abrigo

AUGUST 8, 2021

This article is substantially updated from a 2013 blog post. Larger or more complex institutions might have credit risk review functions entirely separate from their lending functions. Reviewing lending staff’s risk ratings. Takeaway 2 However, a loan review or credit risk review program should accomplish several key objectives.

System 195

System Lending Policies Regulation 195

Abrigo

DECEMBER 1, 2021

This article is substantially updated from a 2013 blog post. Lending & Credit Risk. Lending & Credit Risk. Lending & Credit Risk. Lending & Credit Risk. Member Business Lending. Takeaway 2 It's imperative that FI senior management demonstrate commitment to a robust loan review program. .

Risk Management 195

Risk Management Lending Policies Management 195

Abrigo

FEBRUARY 2, 2015

That number is up about four percent from 2013. The ICBA’s 2014 Community Bank Lending Survey suggests the shift is coming in the form of less consumer lending. One reason is that loan officers are under tighter restrictions in all areas of lending. Blog Bank'

Community Bank 150

Community Bank Community Regulation Survey 150

PYMNTS

JULY 1, 2016

bank branch closures has forced financial institutions in the market to halve their small business lending operations over the last three years, according to reports. Move Your Money found that local small business lending was reduced by up to 63 percent in some towns affected by a branch closure. The spread of U.K. “The U.K.’s

Data 101

Data Lending Community Analysis 101

Bank Innovation

MARCH 1, 2019

This is up from 35% in 2017, and way up from 18% in 2013, according to Financial Technology Partners’ 2018 Annual Fintech Almanac. Strategic participation in fintech climbed in 2018, with 41% of all fintech financings containing either a corporate VC or strategic investor.

Fintech 170

Fintech Financial Technology Technology Operations 170

Abrigo

FEBRUARY 23, 2023

According to the Federal Reserve Bank of Kansas City , community banks’ deposit market share dropped to 15% in 2022 from 22% in 2013. The best lending software for small banks, for example, is flexible enough that it can be customer-facing for only those product types the bank chooses. People have other options,” Kirby said.

Community Bank 195

Community Bank Community Kansas City Lending 195

Abrigo

OCTOBER 2, 2014

• Leverage ratio – Includes off-balance sheet exposures and will serve as a “backstop to the risk-based capital requirement,” but could lead to reduced lending. minimum common equity capital ratio, took effect on January 1, 2013. Some requirements, like a 4.5% minimum tier 1 capital ratio and a 3.5%

How To 236

How To Capital Community Bank Maine 236

Abrigo

OCTOBER 1, 2014

” There is a real opportunity here for community banks to position themselves within this movement and capitalize on what the consumer sees as their strengths— relationship-based lending , tailored product offerings, and knowledge of the local community. Develop a relationship-based lending framework.

Community Bank 170

Community Bank Community Capital Lending 170

PYMNTS

AUGUST 11, 2017

PayPal has been offering short-term loans to its smaller merchants via Working Capital since 2013, when it began as a “skunk works” project to see how merchants might respond. And they did. Plus, PayPal can do what it most wants to: meet more of the needs of its customers.

Lending 117

Lending Capital Online Video 117

BankUnderground

NOVEMBER 27, 2020

We show that ring-fencing has an important impact on banking groups’ funding structures , and find that this incentivises banks to rebalance their activities towards retail mortgage lending and away from capital markets, with important knock-on effects for competition and risk-taking across the wider banking system.

Lending 124

Lending Retail Groups Maine 124

PYMNTS

APRIL 30, 2018

Marketplace lending. The blockchain can even end world poverty and transform society by making it safer for total strangers to lend each other money — without any third-party intermediary — and without any risk. Marketplace Lending. Blockchain. Digital banks. Blockchain. Take the blockchain.

Fintech 183

Fintech blockchain Lending Digital Banking 183

PYMNTS

MAY 24, 2018

In 2013, the OCC had discouraged short-term lending by banks with limitations on what could be offered to customers depending on their credit. Regulatory uncertainty forced banks out of this space, leaving families to rely on pawn shops, costly payday lenders or loosely regulated online lending during times of financial stress.

FDIC 100

FDIC Lending Regulation Study 100

Abrigo

JANUARY 13, 2015

Target’s late 2013 breach is among the largest in recent memory, affecting over 70 million individuals. Credit unions can learn more about member business lending risk by accessing this complimentary whitepaper: Mitigating Top Member Business Lending Risks. Mark McWatters , NCUA Board Member. Blog Bank Credit Union'

Lending 150

Lending Regulation Data How To 150

Jack Henry

JUNE 3, 2015

According to the Commercial Finance Association’s annual survey, asset based lending (excluding factoring) commitments rose to $216 billion by the end of 2014, with funded balances reaching $90 billion. increase in funded balances from 2013. This represents a 12.3% Overall credit line utilization rose 41% for the year.

Lending 60

Lending Capital Survey Trends 60

PYMNTS

AUGUST 14, 2017

He said during his employment from 2011 to 2013, it was nearly impossible for business owners to get out of their merchant agreement. “We used to be told to go out and club the baby seals: mom [and] pop shops that had no legal support,” the unnamed employee told CNN.

Cards 155

Cards Lending Meeting Report 155