May 24 – A new booklet of the Comptroller’s Handbook titled “Student Lending,” has been issued by the Office of the Comptroller of the Currency. This booklet is prepared for use by OCC examiners in connection with their examination and supervision of national banks and federal savings associations engaged in private student lending. Private student loans are consumer loans offered to borrowers to fund undergraduate, graduate, and other forms of post-secondary education. (more…)
Search Results: Lending
May 17 – The Treasury Department has offered an overview of the online marketplace lending industry in a recently published white paper, “Opportunities and Challenges in Online Marketplace Lending.” Much of the information was gathered following a Request for Information, and it contains research on and recommendations for the industry. (more…)
May 9 – Leading online lender Lending Club has reported that its board of directors accepted the resignation of Renaud Laplanche as chairman and CEO. His resignation followed an internal review of sales of $22 million in near-prime loans to a single investor, in contravention of the investor’s express instructions as to a non-credit and non-pricing element, in March and April 2016. (more…)
May 6 – Lendio, a leading marketplace for small-business loans, has announced the top 10 states for small business funding, based on lending data from the Lendio platform which matches businesses with more than 70 lenders.
April 25 – DH Corporation, a leading provider of technology solutions to financial institutions globally, has announced the launch of its new Commercial Origination & Processing functionality for LaserPro® lending solutions. The new enhancement reduces the preparation time needed for lenders to originate and process a commercial lending transaction, offering a seamless, integrated, repeatable, and transparent approach to commercial lending origination. LaserPro is the recognized industry leader for compliant loan origination, processing, and document preparation for mortgage, consumer, and commercial lending.
April 18 – Cloud Lending Solutions, a cloud-based, end-to-end lending platform delivering innovation to the global lending community,has announced the availability of loan buyback support for CL Loan™ and CL Marketplace™. No other lending platform offers an automated loan buyback option today.
March 17 – U.S. bankers expect to lend more to businesses in 2016, according to new survey data released by Sageworks, a financial information company. Fifty-nine percent of the U.S. bankers surveyed by Sageworks told the company that they expect their institution to make more or significantly more commercial loans this year in comparison to last year. Just 5.6 percent of respondents expect their institution to make fewer or significantly fewer loans to businesses this year. (more…)
March 16 – DH Corporation, a leading provider of technology solutions to financial institutions globally, has announced that it has finalized integrations with its consumer lending platform, DecisionPro™, and Motivity Solutions – now offering financial institutions a lending-centric business intelligence and reporting solution. Motivity Solutions customized its industry-leading mortgage business intelligence platform, Movation®, specifically for financial institutions using DecisionPro.
March 7 – BancAlliance, a network of more than 200 community banks across 40 states, and Fundation, an online small-business direct lender, have announced a partnership that advances the small-business lending capabilities of community banks and brings greater choice and simplicity to small businesses seeking credit from their local community bank.