ABA 2018: How Community Banks Can Use Tech to Get into Digital Lending

Digital lenders such as CommonBond, LendingClub, OnDeck, Prosper and SoFi may seem like the barbarians at the gates for many banks, and community banks in particular. Jason Henrichs, managing director at FinTech Forge, used that term to describe the fintech startups trying to disrupt the lending
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Despite louder calls for the Australian Prudential Regulation Authority (APRA) to loosen lending curbs amid declining home prices, industry experts think it is more likely that the opposite will happen. Digital Finance Analytics principal Martin North said more tightening in the form of a rate rise or
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“Within the last few months, there are beginning to be some signs that gains in housing may be leveling off,” said David Blitzer, S&P Dow Jones Indices managing director and chairman of the index committee. “Sales of existing homes fell in December and January after seasonal adjustment and are now
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“Wells Fargo's discriminatory lending practices place vulnerable, underserved borrowers in loans they cannot afford,” said the lawsuit, which was … that Sacramento's allegations “do not reflect how we operate in the communities we serve” and that the bank plans to “vigorously defend” its lending record.
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Ford Motor Co. is taking its driverless delivery trials to South Beach to continue testing consumer response to receiving pizzas and packages from the back of a robot ride. The automaker is deploying a handful of delivery vehicles on the clogged byways of Miami and Miami Beach to serve up Domino's
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An Indiana Senate committee chairman has killed a payday lending bill that critics charge would have allowed predatory lending practices. A spokesman for Republican Sen. Mark Messmer said Tuesday that the Jasper Republican ruled out giving the bill a hearing in his Commerce and Technology
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BUSINESS WIRE)–The California Department of Housing and Community Development (HCD) has released new data that increase transparency of … “We look forward to continued partnerships with our cities and counties as they work to increase the amount of housing choices for Californians at all
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After receiving complaints, both the states of New Hampshire and Illinois slapped the company with cease and desist orders, demanding it stop using the name of financial institutions in its advertising in those states. Get Gephardt called Mortgage Protection Insurance Services to ask about all of this.
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JPMorgan Chase & Co.'s trading revenue is on pace to increase by “mid to high single digits” in the first three months of 2018 with a spike in market volatility poised to help Wall Street firms break a three-quarter slump in that business. “Clearly, the year has started well,” Daniel Pinto, who oversees the
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Representatives from the Bolsa de Santiago want to develop their securities lending model with the help of foreign players.
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Futures linked to cryptocurrencies besides Bitcoin may have just gotten a step closer to reality. Cboe Global Markets Inc., which introduced Bitcoin futures in December, finished upgrading the technology at its futures exchange over the weekend, according to a statement Tuesday. President Chris
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All were there to tap the warehouse boom in Jackson County, about 50 miles northeast of Atlanta. Since 2015, at least 31 e-commerce fulfillment centers and other distribution depots have opened or are under development. The list of arrivals includes Amazon.com, Williams-Sonoma, and FedEx.
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If you are a shareholder in Weight Watchers International Inc's (NYSE:WTW), or are thinking about investing in the company, knowing how it contributes to the risk and reward profile of your portfolio is important. Generally, an investor should consider two types of risk that impact the market value of WTW.
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Trust Co. of Vermont boosted its position in Mondelez International Inc (NASDAQ:MDLZ) by 5.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,657 shares of the company's stock after buying an
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The incentive problem was highlighted by economists Abhijit Banerjee, Shawn Cole and Esther Duflo in a research paper, Default and Punishment: Incentives and Lending Behaviour in Indian Banks. The three economists pointed out that banks need to provide incentives to their employees to increase
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Franklin, which was the biggest holder of Remington's senior loan as of the company's bankruptcy announcement, according to Bloomberg data, has $450 billion under management. Kristen Chambers, a spokeswoman for JPMorgan Asset Management, and Stacey Coleman, a spokeswoman for
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JPMorgan says profits could rise by $7 billion in coming years. Bloomberg Intelligence's Alison Williams reports. JPMorgan Chase & Co.'s profit could increase $7 billion in coming years from rising U.S. interest rates and accelerating loan growth. The bank boosted its outlook for medium-term pretax
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Shawbrook's commercial property division has hired Anthony Harrison as lending manager. He has nearly 40 years' experience in the banking sector. Harrison said: “I was attracted by Shawbrook's use of specialist knowledge and personalised approach to underwriting. Santander's seductive salsa
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Millionaires from Russia to Norway and the U.S. are seeking to take advantage of Italy's low tax rates for the super-rich. In an effort to attract capital, Italy unveiled a measure last year allowing ultra-wealthy individuals taking up residency to pay a flat tax of 100,000 euros ($123,000) a year, regardless of
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“We've grown exponentially since Title Source began in 1997, and our new brand identity matches the countless advancements we have made in our technology, products and services,” Eisenshtadt continued. “Amrock signifies the future of our company and its industry-leading position delivering
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