PYMNTS

APRIL 26, 2016

Which brings us to payday lending and its proposed regulation – a subject that has turned out to be the Berserk Button for a shocking number of consumer right advocates, congressmen, regulators, Senators, preachers, industry representatives business people and consumers. So why all the fuss? The Typical Payday Lender.

Lending 100

Lending Regulation Industry Innovation 100

Independent Banker

OCTOBER 31, 2022

Digital lending capabilities are quickly becoming table stakes, particularly when it comes to small business lending. However, banks should first consider their customers’ needs and the infrastructure and features needed in a lending platform before adopting a new digital strategy. Benefits of digital lending.

Lending 91

Lending Community Bank Community Strategy 91

CFPB Monitor

JANUARY 19, 2021

On January 13, 2021, the Illinois legislature overwhelmingly passed SB 1792 (the “Act”), intended to, among other things, overhaul the state’s consumer finance laws. SB 1792 separately amends the Illinois Consumer Installment Loan Act and the Payday Loan Reform Act to apply this same 36% MAPR cap.)

Illinois 60

Illinois Retail Operations Lending 60

PYMNTS

NOVEMBER 23, 2020

While many digital-first companies springboard from payments into lending, Figure Technologies , a FinTech focused on home improvement, debt consolidation and retirement products that leverage blockchain protocols, is branching out from lending into payments. Blockchain and a bank charter might do much to boost financial inclusion.

National 215

National blockchain Lending Montana 215

PYMNTS

MARCH 21, 2017

If the rules pass as present, long-term might be something of a huge misnomer, since, by even the CFPB’s own in-house estimates, some 85 percent of the nation’s currently operating short-term lenders would be knocked out of business. Has no other legitimate option available. So how did that war gaming look? The Problem.

Lending 100

Lending Regulation Illinois Innovation 100

Independent Banker

JUNE 30, 2022

Here, we highlight some of last year’s most successful loan producers in the areas of agriculture, commercial and consumer/mortgage lending. The score combines the average of the bank’s percentile rank for lending concentration and for loan growth over the past year in each lending category. By Ed Avis. Methodology. AGRICULTURE.

Community Bank 172

Community Bank Community National Philadelphia 172

Independent Banker

JANUARY 31, 2023

The technology it uses allows it to maximize efficiency while minimizing costs in its operations. Scottsdale Community Bank’s Lemonade Stand Loan Program offers microloans—up to $25,000 each—to small businesses and individuals who own businesses or operate nonprofit organizations. William Atkinson is a writer in Illinois.

Community Bank 172

Community Bank Community Phoenix Arizona 172

Independent Banker

SEPTEMBER 22, 2015

Treasury program that’s the well-kept secret in small-business lending. In Illinois, a loan participation plan by a community bank “insourced” jobs to the local area from overseas. In 2011, the company purchased a Costa Rica-based company with the intention of moving its operations to Rockford, Ill. By Jessica Milano.

Oregon 70

Oregon Illinois Community Bank Lending 70

CB Insights

OCTOBER 26, 2017

Across the US, well-funded companies are rethinking how the financial system operates. Unicorns on the map include SoFi in California, Oscar in New York, Avant in Illinois, Kabbage in Georgia, and AvidXchange in North Carolina. Click on the image below to enlarge. The company was last valued at $4.5B Connecticut. YellowPepper.

United States 78

United States Fintech North Carolina Rhode Island 78

CFPB Monitor

FEBRUARY 3, 2022

The decision could have significant implications for all providers of consumer credit whose operations involve cross-border lending. Thus, by extending loans to Pennsylvanians, TitleMax takes an interest in property located and operated in Pennsylvania. Constitution. In TitleMax of Delaware, Inc. citations omitted.).

Pennsylvania 147

Pennsylvania Analysis Security Indiana 147

Independent Banker

APRIL 30, 2022

In order to compete as a small bank, we have been forced to keep higher-than-peer capital levels, so that our lending limit allows us to service local borrowers’ needs. The community bank uses the Entrepreneurial Operating System, commonly known as EOS Traction, to keep departmental efforts aligned. Ed Avis is a writer in Illinois.

Community Bank 172

Community Bank Community Montana Taxes 172

CFPB Monitor

APRIL 7, 2020

Cottonwood operates approximately 340 retail lending outlets in Idaho, Illinois, Michigan, New Mexico, Texas, Utah, and Wisconsin under the name Cash Store. The CFPB announced that it has entered into a settlement with Cottonwood Financial, Ltd., The consent order requires Cottonwood to pay a civil money penalty of $1.1

Idaho 78

Idaho Wisconsin Utah New Mexico 78

Independent Banker

JUNE 30, 2022

“We were looking at ways to increase our deposit base and impact the communities we serve,” says Tom Kientz, chief operating officer. One of the very quick things we turned to were HOAs … and we quickly learned we could earn more of their business if we had a lending solution. William Atkinson is a writer in Illinois.

Kansas City 91

Kansas City Kansas FDIC Community Bank 91

Independent Banker

APRIL 28, 2016

They are visionaries and stay involved; at the same time, they don’t meddle in the day-to-day operations of the bank. The housing market in central Illinois has remained strong, and Goodfield State Bank has focused on residential real estate. Members of our lending team are not order takers. ROAA in 2015: 2.27 Employees: 26.

Marketing 70

Marketing Illinois Community Lending 70

Independent Banker

NOVEMBER 30, 2021

Within that tightly knit group, there’s the bank’s leadership team, comprising president and CEO Greg Dennis, chief lending officer Jon Girard, vice president of operations and compliance Kristine Hendrickson, and executive vice president and chief financial officer Michele Boeder. William Atkinson is a writer in Illinois.

Community Bank 164

Community Bank Community Texas Leadership 164

Independent Banker

FEBRUARY 24, 2016

Illinois bank launches insurance premium financing sideline. has established a specialty finance division to lend to insurance agents nationwide. billion-asset community bank operates. By Katie Kuehner-Hebert. Triumph Community Bank in Moline, Ill., The division is one of five specialty finance programs the $1.6

Community Bank 70

Community Bank Policies Community Illinois 70

PYMNTS

NOVEMBER 29, 2016

The Problem With PayDay Lending . But short-term lending — in all its many forms, including payday loans, auto-title loans and some installment loans — is especially good at arousing passion in those who debate it. The PMYNTS PayDay Lending Primer. The Whos, Whats, Wheres, Whens, Whys and Hows Of Short-Term Lending).

Lending 100

Lending Regulation Groups Innovation 100

Independent Banker

MAY 31, 2022

Providence Bank chose to open a new brick-and-mortar site during the pandemic, when many other businesses were ceasing operations or shutting down altogether. In the first round of PPP lending, it granted 220 loans totaling $17 million, and in the second round, 170 loans totaling nearly $13 million. “As By Ed Avis.

Raleigh 91

Raleigh Community Community Bank Lending 91

Jeff For Banks

DECEMBER 18, 2014

Open Bank (OTCQB: OPBK) Open Bank commenced operations in 2005 as First Standard Bank in the Koreatown section of Los Angeles. It supports the claim by highlighting its efficiency ratio is in the top 2% of UBPR peers, and its operating expenses as a percent of average assets are in the top 12% of peer banks. Congratulations to them.

North Dakota 88

North Dakota Arizona Minnesota Los Angeles 88

Independent Banker

NOVEMBER 30, 2022

An entrepreneur with a background in accounting and finance, CEO and chairman of the board Thomas Swenson set up Montana Business Capital Corporation in 1998 with a focus on job creation and economic development lending. We don’t operate from a position of fear.”. Reasons to stay. Two of us have gotten to take it so far.

Community Bank 169

Community Bank Community Montana Leadership 169

Independent Banker

MAY 31, 2022

According to Joel Williquette, senior vice president, operational risk policy for ICBA, there are steps community banks can take to address issues of fraud and cybercrime if and when they arise. William Atkinson is a writer in Illinois. Fraud-fighting recommendations. ICBAfraudresources.

Community Bank 134

Community Bank Community Fraud Texas 134

CFPB Monitor

OCTOBER 17, 2022

In that case, the Seventh Circuit handed a major victory to Ballard Spahr’s client by holding that Indiana was precluded from applying its usury law to auto title loans made in person in Illinois to Indiana residents. This restriction on state power is commonly referred to as the “dormant Commerce Clause.”.

Indiana 78

Indiana Minnesota Pennsylvania South Dakota 78

Independent Banker

AUGUST 31, 2021

The KSB Lends a Hand program took anniversary funds totaling $20,000 and distributed them to more than 100 local organizations. “We Among its digital innovations is an extensive library of application programming interfaces (APIs) that runs its customer platform and allows the bank to originate and service loans on online lending platforms.

Community Bank 196

Community Bank Community National Fresno 196

Independent Banker

MARCH 31, 2022

In many ways, we have always operated with the initiative to become a true advisor to our customers, but in the last few years, it has become a strategic focus to function this way on a daily basis,” says Joe Allen, senior vice president/central market leader. They can go ahead and operate and know that our bank is behind them,” Allen says.

Community Bank 91

Community Bank Wisconsin Community Resources 91

CFPB Monitor

NOVEMBER 16, 2021

New York now joins a small group of states, including Illinois and Massachusetts, that apply CRA-type laws to non-depository mortgage lenders.

New York 78

New York Community Regulation Data 78

Independent Banker

SEPTEMBER 21, 2015

ICBA’s compliance certification programs—similar to the training provided by the Community Banker University’s other certification programs covering lending, information technology and bank security—provide up-to-date information about regulatory issues while teaching practical knowledge and skills. Lending—consumer and commercial.

Compliance 70

Compliance Community Bank Community Training 70

Independent Banker

DECEMBER 13, 2015

Cashiers still oversee the cash operations of today’s digitally connected community banks as they always have. As community banking operations have expanded and become more complex, however, the person serving as cashier has several other roles to fulfill. Ed Avis is a freelance writer in Illinois. The cashier’s role.

Community Bank 70

Community Bank Community Maine Mississippi 70

Independent Banker

OCTOBER 29, 2014

One repeated recommendation is for community banks to review their entire operations broadly to identify steps they can take now to prepare for digital banking, and not narrowly with any specific software application like mobile banking or payments merely in mind. Collin Canright is a financial writer in Illinois.

Mobile 105

Mobile Community Bank Community Technology 105

MyBankTracker

MAY 23, 2020

APRs are lower than predatory lending options. If you’re considering applying for a personal loan, this review will cover everything you need to know about Opploans. Designed for borrowers with bad or no credit. On-time payments can help build credit. APR is still extremely high compared to typical personal loans. Borrowing Amounts.

Rhode Island 52

Rhode Island Nebraska Alabama South Dakota 52

Jeff For Banks

DECEMBER 29, 2021

The bank was founded in 2006 and operates 19 full-service branch locations in multi-ethnic communities in Alabama, Florida, Georgia, New York, New Jersey, Texas and Virginia. and equipment lending and asset based lending through Triumph Commercial Finance. MetroCity Bankshares, Inc. Nasdaq: MCBS) MetroCity Bankshares, Inc.,

Capital 78

Capital Texas Metro North Carolina 78

CB Insights

MAY 23, 2019

Rishi Shah and Shradha Agarwal founded healthcare information startup Outcome Health in 2006 while the pair were still studying at Illinois’ Northwestern University. LendingClub was one of many online lending services founded in the mid-2000s as entrepreneurs eyed the Byzantine financial sector as an area ripe for disruption.

Fraud 78

Fraud Las Vegas Company Capital 78

CB Insights

AUGUST 25, 2017

Ultimately, the use cases for a transparent, verifiable register of transaction data are practically endless — especially since blockchain operates through a decentralized platform requiring no central supervision, while still remaining resistant to fraud. Payments and money transfers. Ride sharing.

blockchain 78

blockchain Industry Bitcoin Security 78

PYMNTS

FEBRUARY 21, 2017

This has the potential to decimate an entire industry,” one payday lending executive told PYMNTS shortly after the rules dropped. “By And if one were to ask their Magic 8-Ball about the fate of those payday lending regs, the answer one would most likely get at this point is “Ask again later.”.

Lending 101

Lending Regulation Innovation Industry 101