Abrigo

APRIL 14, 2017

Experts agree that while commercial lending is a critical banking service, it has been one of the least automated and technology-reliant aspects of banking today. A credit risk manager at one bank with $900 million in total assets estimated that her team received approximately 8,220 tax returns in the 2015 calendar year.

Innovation 150

Innovation Taxes Analysis Lending 150

PYMNTS

DECEMBER 19, 2016

16) said Lendingkart will offer its credit risk assessment technology to banks and other alt-lenders starting in 2017. According to Lendingkart Cofounder Harshvardhan Lunia, the company will look to expand its reach in the SME lending market over the next six months by having other banks use its credit risk analytics software.

Lending 100

Lending Analytics Taxes Capital 100

PYMNTS

NOVEMBER 12, 2018

Online lender Social Finance (SoFi) continues to struggle, recording an adjusted loss of around $12 million during the third quarter before interest, taxes, depreciation and amortization. According to The Wall Street Journal ( WSJ ), the earnings losses follow an adjusted profit of $56 million in Q3 of 2017.

Online 183

Online Lending Leadership Taxes 183

PYMNTS

AUGUST 28, 2018

It was supposed to be a strong year for lending across the board, after a stumpy 2017, which saw numbers in both consumer and commercial lending tending toward a slump. It was almost like a dam broke when the tax legislation got enacted,” said Steve Steinour, CEO of Huntington Bancshares Inc. “We As of early 2018, U.S.

Lending 100

Lending Taxes Rhode Island Regional 100

PYMNTS

MAY 21, 2018

According to Wall Street Journal reports, credit cards remain a lucrative form of lending, but they aren’t seeing much benefit from the Fed raising rates of late — as what small increases there have been are offset by competition from other lenders trying to steal customers with lower interest rates. Balances of the industry surpassed $1.03

Seattle 100

Seattle Taxes Cards Data 100

PYMNTS

MARCH 22, 2017

According to the latest data out of auto lender Ally Financial, the auto lending segment seems to be encountering some engine trouble — brought on largely by rising defaults and falling used car prices. That is a bit of a softening of a January estimate that predicted growth would clock in at up to a 15 percent rate.

Lending 100

Lending Taxes National Data 100

Abrigo

DECEMBER 8, 2016

As community banks and credit unions look toward 2017, many will be focusing on small business lending for loan portfolio growth, according to a recent Sageworks poll. However, small business lending comes with some unique challenges that banks and credit unions will need to address in order to grow their business lending portfolios.

How To 150

How To Lending Community Bank Software 150

PYMNTS

AUGUST 7, 2018

Traditional institutions are picking up steam in their efforts to collaborate with alternative financiers and FinTech firms, largely viewed as a way to spin the competition into allies and upgrade their lending services without the burden of in-house R&D. However, the Federal Reserve ‘s latest analysis of the U.S.

Lending 100

Lending Survey National Trends 100

Abrigo

JULY 20, 2017

Allaboutrisk.com (AAR) recognizes Sageworks as a credit risk vendor in its 2017 Risk Software Report. Electronic Tax Return Reader (ETRR). The fully integrated platform includes lending, credit risk and portfolio risk solutions to help commercial lenders lower costs and improve the borrower experience for their customers.

Software 150

Software Report United States Compliance 150

PYMNTS

FEBRUARY 10, 2020

China’s Central Bank To Start Re-Lending Funding To Fight Virus. billion in 2019, much larger than the $3 billion incurred in 2017 and 2018 combined. Amazon (And Others) Brace For India’s New eCommerce Tax. India has levied a new tax on eCommerce companies and platforms. The loans will soon be offered on a weekly basis.

US 142

US Taxes Millennials Payments 142

PYMNTS

MARCH 19, 2018

SMBs planned to apply for financing at the end of 2017 , up 4 percent from the start of the year, according to new analysis from BDRC. More than 30 percent said they were familiar with P2P financing by the end of 2017, with that figure rising to 48 percent for larger SMBs with between 50 and 249 workers. Fourteen percent of U.K.

Taxes 150

Taxes Survey Analysis Cards 150

PYMNTS

MARCH 13, 2017

70 percent of SMEs didn’t use tax software in 2016 , found Office Depot in its most recent Small Business Index survey. Nearly a quarter of small businesses said they still use paper forms when filling out taxes. There are so many options available to small businesses today, the executive added. 37 percent of SMEs in the U.K.

Financial Technology 127

Financial Technology Technology social media Taxes 127

PYMNTS

MARCH 1, 2018

56 percent | Percentage of ground transportation expenses Uber secured for travel and expense company Certify’s customers in 2017, up 52 percent in 2016. The ridesharing industry overall landed 68 percent of 2017 ground travel spend, towering over car rentals (25 percent) and traditional taxis (7 percent). workforce by 2020.

Innovation 100

Innovation Data Taxes Lending 100

PYMNTS

OCTOBER 31, 2018

The company said its capital value has jumped from 280 million pounds in 2017. While acquiring customers at a quick pace has resulted in widening pre-tax loss, the bank is improving on that thanks to a reduction in the cost to acquire new customers and launching some lending. That would give the company a user base of 2.3

Capital 153

Capital Taxes Mobile Maine 153

Gonzobanker

JANUARY 4, 2018

The card processing landscape experienced significant changes in 2017, and this shift in players will impact financial institutions well into the future. professionals the same way they view professionals in their commercial lending and credit areas. Heloc Tax Deduction Suspension. A Shift in the Vendor Landscape.

Taxes 60

Taxes Strategy Cards Lending 60

PYMNTS

OCTOBER 8, 2019

The latest data also hints at the possibility banks may be feeling skittish about lending to small and medium-sized business (SMB) customers. Although hiring slowed in September, small businesses continue to remain optimistic and have even reported some significant benefits resulting from late-2017’s tax reform.

Survey 134

Survey Taxes Data Report 134

PYMNTS

MAY 29, 2019

Small business lending marketplace BitX Funding has struck an alliance with transportation equipment finance company Pelagic Capital, the companies said in a press release Tuesday (May 28). saw an estimated $35 billion in equipment loan and lease financing originations under $250,000 in 2017. ”

Capital 128

Capital Lending Taxes Analysis 128

PYMNTS

JANUARY 29, 2020

small businesses had sought a loan online, compared to just 19 percent that did so in 2017. As online lending platforms proliferate among the SMB borrowing community, however, experts warn that a lack of regulation means these companies rarely publicly reveal interest rates and fees. ” Knowing Their Options. .

Lending 136

Lending New York Online New Jersey 136

CFPB Monitor

SEPTEMBER 2, 2016

The American Bankers Association, joined by six other prominent industry trade groups, is seeking a six-month extension of the date by which depository institutions must comply with the Military Lending Act (MLA) final rule adopted by the Department of Defense (DoD) in July 2015 that dramatically expanded the scope of the MLA’s coverage.

Compliance 79

Compliance Groups Lending FDIC 79

PYMNTS

APRIL 7, 2017

The breach of a tool that parents and students can use to streamline the student lending process has allowed information for 100,000 taxpayers to get out into the wild, according to Internal Revenue Service Commissioner John Koskinen on Thursday. The scam led to about 8,000 fraudulent refunds — worth about $30 million.

Tools 100

Tools Data Taxes Fraud 100

PYMNTS

NOVEMBER 7, 2018

That growth was outpaced by a record number of applications, up 30 percent year on year, as LendingClub looks to spur “awareness” of the benefits of fixed-rate lending in an era where interest rates are on the rise.

Taxes 159

Taxes Management Risk Management Capital 159

PYMNTS

JULY 3, 2018

Some economists say tax reform is also likely to boost the nation’s SMB population. NDP Analytics found that small business lending by the nation’s top-five online lending providers jumped 50 percent between 2015 and 2017.

National 109

National Analytics Lending Survey 109

PYMNTS

FEBRUARY 14, 2018

2017 was a transformative year for OnDeck,” CEO Noah Breslow noted at the beginning of his remarks. He reminded investors that the firm, which had a very rocky start in 2017, managed to end the year with its effective interest yield up by over 200 basis points and its net charge-off rate down by over 100 basis points.

Taxes 101

Taxes Lending Risk Management Report 101

PYMNTS

MARCH 2, 2018

and India drove a surge in FinTech venture capital funding in 2017, and Accenture Financial Services Senior Managing Director Julian Skan pointed to the B2B business model as a significant presence in this trend. Total venture capital across the global FinTech market between 2010 and 2017 hit a combined $97.7 Alternative Lending.

Fintech 118

Fintech Capital blockchain Lending 118

PYMNTS

JANUARY 3, 2017

In the address, Modi asked banks to step up and increase the rate at which they lend to the poor and announced additional measures, such as a 4 percent discount on interest rates for home loans taken out in 2017. The discount is on up to 900,000 rupees, or $13,200, Reuters noted. 10 and extending through Dec.

Taxes 122

Taxes US Lending Fraud 122

PYMNTS

FEBRUARY 20, 2018

Late payments and out-and-out defaults and charge-offs are on the rise across a few lending segments. According to the New York Federal Reserve, household debt surged in the final quarter of 2017 to $13.15 A fair portion of that interest rate, according to the Fed, was an uptick in mortgage lending. Rising Consumer Debt.

Lending 105

Lending Cards America New York 105

ZootBlog

JUNE 8, 2016

In July 2015, the Department of Defense (DoD) passed major changes to the Military Lending Act (MLA) with target compliance dates of October 3, 2015 and October 3, 2017. The 2017 date applies only to credit cards. The MLA’s overall goal is to prevent predatory lending against U.S.

Lending 60

Lending Regulation Taxes Security 60

Independent Banker

JANUARY 31, 2022

Corporate relocations and expansions—influenced by factors like affordability, low corporate tax rates, no personal income tax and a rich talent pool—have contributed to a momentum that isn’t likely to subside soon. Edlund adds that ANB also does working capital lending, energy lending and real estate and development lending.

Texas 182

Texas San Antonio Community Bank Community 182

PYMNTS

JANUARY 22, 2018

coming off a strong quarter, but the new tax reform measures are continuing to provide a boost, with investors keen to hear more about what impact this will have on future earnings,” said OANDA senior market analyst Craig Erlam in an interview with Reuters. billion tax charge. “Not only is the U.S. Bank of America.

Taxes 115

Taxes America Data Report 115

PYMNTS

NOVEMBER 14, 2018

On November 14th 2017, the price of bitcoin was a little over $6,500 — a bit more than it is today at $6,300. Even though Bitcoin’s mid-November price this year is similar to last year’s, it is pretty unlikely that 2018 will see a repeat of what happened in 2017 as November and then December wore on.

Bitcoin 108

Bitcoin Lending cryptocurrency Taxes 108

PYMNTS

DECEMBER 27, 2016

economic health will temper in 2017. percent growth for 2017. The post-election sentiment has increased hopes for tax cuts and deregulations, which could lend a kick start to businesses, consumers and, ultimately, the economy. There is much speculation for how the U.S.’ percent growth and 2.1

Indiana 100

Indiana Taxes Lending Company 100

PYMNTS

FEBRUARY 2, 2018

billion | Visa’s revenue, according to its most recent earnings report for the first fiscal quarter, which ended in December 2017. Its results topped expectations, once impacts from recently passed tax legislation were factored out, including a bottom line at $1.08 Here are the numbers: $4.9 trillion, among other notable numbers.

Apple 101

Apple Data Taxes Fintech 101

CFPB Monitor

JULY 27, 2015

The Department of Defense (DoD) dramatically expanded the scope of the Military Lending Act (MLA) on July 22, 2015, publishing its Final Rule amending the MLA’s implementing regulation. The DoD consulted with the CFPB in developing the Final Rule, and the CFPB actively supported the DoD’s plans to expand MLA coverage.

Lending 60

Lending Taxes Cards Regulation 60

CFPB Monitor

APRIL 11, 2016

A number of prominent industry trade groups have written to the Department of Defense (DoD) seeking clarifications to the Military Lending Act (MLA) final rule adopted in July 2015 that dramatically expanded the scope of the MLA’s coverage.

Groups 60

Groups Lending Regulation Taxes 60

CB Insights

APRIL 13, 2017

Check out even more content at Future of Fintech 2017. Aggressive recent government initiatives in India, including bringing more people into a formal ID system (Aadhaar) and increased funding and tax … Continued. Use code “FoFInsights” to get $1000 off your ticket.

Fintech 56

Fintech Taxes Lending Marketing 56

Independent Banker

MARCH 31, 2022

We must also keep our focus on protecting the 2017 tax cuts and, as always, monitoring and confronting credit union overreach. For instance, ICBA is calling for congressional hearings on the credit union tax exemption. Their insights are critical to the path we chart for this great industry.”.

Community Bank 239

Community Bank Community Industry Texas 239

PYMNTS

FEBRUARY 23, 2018

In other news gleaned from the filing, unreserved legal costs in their entirety have been estimated at $1 billion as of the end of 2017, down from the $1.5 Elsewhere in the filing, and as reported by Reuters, the company disclosed the accounting charge in the fourth quarter stemming from last year’s changes in the tax law stood at $22.6

Cards 109

Cards United States Regulation Taxes 109