Abrigo

AUGUST 8, 2021

This article is substantially updated from a 2013 blog post. An effective independent loan review system has always been critical for managing a financial institution’s credit risk and accurately estimating the allowance for loan and lease losses, or ALLL. Identifying Credit Weaknesses. 7 Objectives of credit risk review.

System 195

System Lending Policies Regulation 195

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

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. “Regulators don’t make our loan decision for us,” said Wells Head of Corporate and Commercial Banking and Treasury Management Perry Pelos.

Lending 100

Lending Regulation America US 100

PYMNTS

JUNE 20, 2016

Let’s talk about money management. This week’s B2B Data Digest focuses on the flux and flow of managing cash. Examine the latest research to grasp just how cumbersome modern cash management can be. $3 For businesses, it can be difficult to obtain a clear vision of finances and cash positions. 73% of U.K. 60% of U.K.

Management 104

Management Bitcoin Survey Report 104

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

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

Fintech Labs Insights

AUGUST 16, 2024

My favorite real job had been as a loan/mortgage product manager at Rainier Bank (now BofA). Before becoming an indie online banking/fintech analyst in the mid-1990s, I tried to do the same in the consumer loan/mortgage industry. I ended up pivoting to the fledgling online banking world, and I’m super glad I did.

Conference 15

Conference Las Vegas Lending Nashville 15

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

Abrigo

MAY 5, 2022

Thankfully for bank and credit union executives, lenders, risk managers, and Bank Secrecy Act (BSA) Officers, banking podcasts and podcasts for credit unions are plentiful, and options are growing. Breaking Banks Breaking Banks , billed as the #1 global fintech podcast and radio show, began in 2013 and is hosted by media firm Provoke.fm.

Community 195

Community Lending Maine Resources 195

PYMNTS

JULY 13, 2018

trillion, and competition is rising as regulators slowly ease restrictions on banks’ corporate lending practices. The Federal Reserve issued guidance in 2013 to curb leverage in an effort to prevent a financial crisis repeat, the publication said, but regulators failed to predict the emergence of shadow lenders and non-bank players.

Marketing 100

Marketing Regulation Dallas Retail 100

Fintech Labs Insights

JULY 2, 2024

My favorite real job had been as a loan/mortgage product manager at Rainier Bank (now BofA). Before becoming an indie online banking/fintech analyst in the mid-1990s, I tried to do the same in the consumer loan/mortgage industry. I ended up pivoting to the fledgling online banking world, and I’m super glad I did.

Conference 15

Conference Las Vegas Lending Nashville 15

PYMNTS

JUNE 21, 2019

Chinese P2P lending company Dianrong, which offers lending solutions and investment products, has completed its latest funding round, according to reports. Existing investors in the company include CMIG Leasing, China Minsheng Investment Group, Tiger Global Management and CLSA. The most it raised in one round was $290 milion.

Lending 100

Lending Capital Maine Groups 100

Jeff For Banks

JANUARY 20, 2024

In fact, the most read of 2023 was from 2013, ten years prior. jeff4banks.com) Publish date: September 6, 2013 Amazing that a 10-year old post rose to the top of the list. First a mea culpa: last year I only wrote 20 articles, far fewer than "content managers" tell me I need to keep the interest of readers. There you have it.

New Jersey 93

New Jersey Lending Florida Strategy 93

Jeff For Banks

MAY 20, 2017

Today, I read an American Banker article on how a multi-billion dollar bank is going to ramp up its business lending. To remind readers, in 2006 the OCC, Federal Reserve, and FDIC issued joint interagency Guidance on Concentrations in Commercial Real Estate Lending. They need a marketing person to title their reports.

Lending 60

Lending Regulation Community Community Bank 60

PYMNTS

MARCH 31, 2020

COVID-19 is spurring firms that rely on consumer spending, and on lending to finance big-ticket purchases, to invent new ways to keep business flowing – with a nod to the fact that the uncertain economic impact of the virus may hurt consumers’ near-term ability to pay for those items. Necessity, as they say, is the mother of invention.

Houston 141

Houston Lending New York Examples 141

PYMNTS

MAY 29, 2019

It has around $12 billion in assets under management. billion in 2018, up from under $1 billion in 2013. It also handles management services and mortgage refinances. The fund has previously invested in various big-name startups like Flipkart, HelloFresh and Uber. Previous SoFi investors include SoftBank Capital and Peter Thiel.

San Francisco 116

San Francisco Capital Millennials cryptocurrency 116

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

FICO

OCTOBER 19, 2022

FICO recently released its second set of FICO® Resilience Index benchmarking reports, revealing interesting insights and trends about lending portfolio resilience over time. In contrast, both new and existing borrowers in 2013 had historically low sensitivity levels, following years of conservative post-recession lending and borrowing.

Lending 52

Lending Industry Trends Management 52

CB Insights

OCTOBER 21, 2018

The 2018 Fintech 250 have raised approximately $53B in aggregate funding across 947 deals since 2013, and includes startups at different investment stages of development, from early-stage (seed/Series A) companies to well-funded unicorns. Business Lending & Financing. General Lending & Marketplaces. Mortgage Lending.

Fintech 78

Fintech Lending Capital Analytics 78

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

CFPB Monitor

SEPTEMBER 27, 2018

Among other things, it removes examination procedures related to burdensome “ability to repay” requirements as well as references to OCC Bulletin 2013-40’s risk management expectations.

Handbook 60

Handbook Risk Management Lending Meeting 60

PYMNTS

MARCH 11, 2020

Welcome to the unchartered territory for the lending landscape – at least for those who were born and came of age in the new Millennium, in the digital age…. Alt Lending Too. The deal has yet to be closed, by Lending Club management has signaled the desire to gather up cheaper sources of funding.

Digital Banking 130

Digital Banking Lending Capital Fintech 130

South State Correspondent

APRIL 10, 2023

In secondary and tertiary markets, it is only smaller financial institutions lending. The writing was on the wall in late 2007; however, many community banks continued to lend at a rapid pace through 2008, not knowing they were headed full steam into a recession. This lack of liquidity in the market now shows in CRE loan pricing.

Community Bank 195

Community Bank Community Los Angeles Regional 195

PYMNTS

JUNE 19, 2018

Rent-A-Center ‘s decision to sell itself to Vintage Capital comes amid a continuing expansion of so-called “alt lending” options for consumers, which could make it more difficult for the chain to reinvent itself as it becomes a private company under its new ownership. percent between 2013 and 2018, according to research from IBIS World.

Lending 103

Lending United States America Industry 103

Abrigo

FEBRUARY 2, 2015

Risk management issues were also a high-ranking hurdle to growing banks, with 26 percent calling it a concern for 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.

Community Bank 150

Community Bank Community Regulation Survey 150

PYMNTS

APRIL 4, 2016

We examine the findings from several market reports on small business access to capital, lending, growth and employment. The expense management company says that employees that fudge the numbers on their expense reports to get reimbursed are hitting their employers hard. .; That’s up from 57 percent in 2013.

Survey 100

Survey Analysis Lending Management 100

PYMNTS

NOVEMBER 9, 2016

The company, which launched in 2013, said the migration will allow the company to be hosted on the cloud and yet still focus on expansion. Folk2Folk will first migrate its loan management system to Microsoft’s Azure cloud, with its financing system following suit, according to reports. Folk2Folk announced Tuesday (Nov.

System 172

System Management Capital Company 172

BankUnderground

MARCH 6, 2024

This is in part because the pre-GFC period was characterised by relaxed lending standards, and excessive leverage levels. However, in subsequent years, lessons learned from the financial crisis have paved the way for advances in risk management and more cautious lending practices. in 2013 ( Bank Rate of 0.5%

Policies 85

Policies Lending Data Marketing 85

Abrigo

JANUARY 13, 2015

Target’s late 2013 breach is among the largest in recent memory, affecting over 70 million individuals. Matz recently stated that a revised risk-based capital rule will be proposed, as well a fixed assets rule that would require the use of a fixed-asset management plan by credit unions. Mark McWatters , NCUA Board Member.

Lending 150

Lending Regulation Data How To 150

PYMNTS

OCTOBER 1, 2018

By using funds managed by LCA to benefit its parent company, LCA and Laplanche failed to do so.”. Last week’s announcements capped off two years of investigation into the P2P lending firm, and its board has expressed some relief that it seems to be time to turn the page on the events of 2016. Attorney Alex Tse. “We The Response.

Lending 135

Lending Fraud Management San Francisco 135

CFPB Monitor

MAY 14, 2019

Fulton first joined the Bureau in 2013 serving as Senior Counsel in the Legal Division and later in the Office of Supervision, Enforcement and Fair Lending. She has been the Bureau’s Equal Employment Opportunity (EEO) Complaints Program Manager since 2016. In 2016, she was named Deputy Chief of Staff and Senior Counsel.

Leadership 68

Leadership Branding Policies Lending 68

Abrigo

JULY 9, 2015

According to the report , the financial performance of federally-chartered banks was slightly lower in 2014 compared to 2013 as a result of lower profitability. The growth at smaller banks is led by commercial and industrial (C&I), commercial real estate (CRE) and residential mortgage lending.

Maine 150

Maine Policies Survey Lending 150

PYMNTS

NOVEMBER 15, 2016

Prosper, like many of its peers in marketplace lending, has had a tough year in 2016 — with investors falling out of love with loans provided online as quickly as they fell in love with them. Aaron Vermut joined Prosper as president in April 2013 and became chief executive in March 2014.

Lending 100

Lending Online Management Company 100

Independent Banker

OCTOBER 31, 2021

October 2013. December 2013. Curt Allison, The Fountain Trust Company’s chief lending officer, says his bank’s software program has been collecting data since Dec. Plus, we spent the last year doing massive amounts of PPP [lending] and trying to wade through pandemic remote working. April 2011. December 2011.

Community Bank 91

Community Bank Community Software New York City 91

PYMNTS

MAY 5, 2016

Last month, the company also acquired personal finance management app maker Sweep.co. Affirm is here to revolutionize the banking industry to be more accountable and accessible to consumers, by developing products and services that empower consumers to better manage their financial well-being,” Levchin added.

San Francisco 100

San Francisco Branding Payments Analytics 100

FICO

DECEMBER 8, 2022

If we think of a lending portfolio as an exclusive night club, its underwriting policy acts as the doorperson, checking IDs and making sure anyone trying to enter meets minimum acceptance criteria. Traditional underwriting risk management strategy approach in stressed versus unstressed economy. Senior Director, Scores.

Risk Management 52

Risk Management Strategy Management Meeting 52

CB Insights

FEBRUARY 13, 2018

The bank acquired the team behind credit card startup Final in Jan’18, and it is rumored to be in talks with personal finance management app Clarity Money. Since 2013, 80% of the top 50 banks by total assets operating in the US have not acquired a fintech startup. Fintech: 2017 Year-in-Review & 2018 Trends.

Fintech 68

Fintech Trends Strategy US 68