Garnet Capital Advisors - Garnet Capital Advisors Blog

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While banks have largely maintained or increased their loan-loss reserves, now also might be a good time to improve the books by selling some distressed loans or those with the potential to falter soon.
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Consumer L..

Consumer Borrowing Up, as Well as Delinquencies; Loan Sales Can Help

November 7, 2022

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The collection of nonperforming accounts has taken on more importance as the economy turns. These collection efforts, however, are regulated by a patchwork of federal and state laws that can be difficult to follow. Unpaid accounts are a drag on earnings and a drain on personnel. Building a compliant collection process is costly and time-consuming and may be a distraction from the front-end loan generation machine. Selling these accounts may be a way to accelerate cash flow and decrease risk.
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Consumer L..

How Debt Sales Can Address Compliance With Varied State Collection Laws

July 25, 2022

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Consumer L..

Deposit Explosion Puts Pressure on Credit Union Capital

November 5, 2021

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With decreased spending opportunities due to the pandemic, consumers have lowered their expenses and continue to pay down debt. Unfortunately, this is making it difficult for banks and credit unions to support loan growth and earnings, which warrants the need to add loan growth through high-quality performing portfolios.
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Consumer L..

Consumers Paying Down Debt a Problem for Banks and Credit Unions

December 17, 2020

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Some consumer loan products are slowing significantly among credit unions, while mortgages continue to remain a strong segment. Overall, credit union loan balances have gone back to their relatively weak pre-pandemic growth rates.
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Consumer L..

Credit Union Loan Growth is Back to Pre-COVID Levels

October 26, 2020

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There is a growing shift in consumer behavior towards fixed-rate installment loans for purchases, which may be excellent investments for banks and credit unions.
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Consumer L..

Visa and MasterCard Are Suddenly Interested in Installment Loans - Here's Why

October 13, 2020

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Consumer loans are performing better than the general economic conditions would predict, which bodes well for high-quality consumer loan portfolios.
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Consumer L..

Online Consumer Loans Faring Better Than Expected

September 29, 2020

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A lack of inventory in the used car industry has caused a spike in prices, giving lenders an advantage thanks to a rise in value in the collateral backing much of the car loan inventory.
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Consumer L..

Used Vehicle Prices Are Rising - Advantage for Lenders

September 2, 2020

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Loans to small businesses are increasingly being treated like consumer loans, prompting lenders to be vigilant when buying or selling these types of loans.
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Consumer L..

Lenders to Small Businesses Increasingly Have to Follow Consumer-Type Disclosures

August 17, 2020

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The Consumer Financial Protection Bureau (CFPB) has been receiving a record number of complaints from consumers regarding banks and lenders, prompting more effort to keep consumers informed about their rights and the programs available to them.
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Consumer L..

CFPB Taking Steps to Protect American Borrowers

May 14, 2020

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Consumer L..

Banking the Underbanked is a Growing Business for Banks

March 19, 2020

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The American consumer is strong today, thanks to wage growth, job confidence, and low interest rates. Banks are profiting from consumer lending growth, but commercial banks that wish to get into the market might find it difficult without the help of a seasoned loan sale advisor.
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Consumer L..

Consumer Lending and Loans Look Strong - at Least for the First Half of 2020

February 13, 2020

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Banks and Credit Unions are seeking out more consumer and C&I loans in an effort to boost lending and beef up their loan portfolios in 2020. Working with a loan sale adviser can help access quality origination sources.
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Consumer L..

Banks and Credit Unions are Looking to Increase Lending in 2020 Through Consumer and C&I Loans

January 30, 2020

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Certain consumers are overleveraged on their auto loans, mimicking the situation that triggered the housing crisis over a decade ago, albeit on a much smaller scale. This can lead to delinquencies, which paints a bad picture for both consumers and their lenders.
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Consumer L..

Certain Consumers Are Becoming Overleveraged in the Auto Space

January 23, 2020

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The student loan space is seeing more movement with the latest transaction involving the sale of First Republic's student loan repayment business to E-Trade.
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Consumer L..

More Movement in the Student Loan Space

December 20, 2019

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Consumer L..

The Marketplace for Refinancing Student Loans is Expanding

November 8, 2019

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Lending is improving for credit unions, particularly when it comes to home, auto, and credit card assets.
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Consumer L..

Credit Union Lending is Improving

November 6, 2019

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Niche lending can help banks, credit unions and other lenders diversify their products and income streams. But without proper precautions and measures put in place, they may also find adjusting their portfolios problematic.
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Consumer L.. Trending

An Effective Solution to a Common Problem for Niche Lenders

August 9, 2019

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Consumer lending has seen growth over the past few months, with higher wages and continued low interest rates fueling spending. Banks and lenders have an opportunity to capitalize on this trend and strengthen their loan portfolios.
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Consumer L..

Many Lenders Are Turning Toward Consumer Loans -- Here's Why

May 3, 2019

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One of the latest announcements from the Trump administration is a proposed cap on student loans and a reduction in repayment options in hopes of countering the dire student loan debt debacle. Read on to find out how this will impact private lenders.
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Consumer L..

What You Need to Know about Changes in the Student Loan Landscape

April 15, 2019

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Millennials, which is now the largest living generation and segment of banking customers, have different preferences than the GenX and Baby Boomer generations. Surveys show that Millennials are not as brand-loyal as other generations, and also give some insight into the features that this group values.
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Consumer L..

How to Improve Brand-Loyalty Among Millennial Customers

March 13, 2019

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Consumer L..

Government Yin & Yang: Student Loans & Collection Practices

June 5, 2018

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Consumer L..

Private Equity Firms Exit Auto Finance Space

January 25, 2018

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Consumer L..

Auto Deficiencies Lead Nonperforming Unsecured Loan Market

December 4, 2017

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Consumer L..

Subprime Auto Loans Strengthen

November 15, 2017

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Industry Outlook Consumer L..

Putting the Focus on Borrowers: Subprime vs Prime Credit Card Lending

April 10, 2017

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Consumer L.. Trending

Banks are Stepping Up to the Plate With Solar Panel Lending

March 2, 2017

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Consumer L..

Auto Lending Revving Up

January 18, 2017

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Consumer L..

Banks Are Booking More Prime Auto Loans

January 13, 2017

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Consumer L.. Trending

Consumer Loan Delinquencies Increase as Economy Improves

January 5, 2017

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Consumer L..

Subprime Auto Lenders Tightening Purse Strings

December 8, 2016

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Consumer L..

The Rise of Consumer Credit

December 1, 2016

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Consumer L..

Consumer Delinquencies in Second Quarter Reach Lowest Level in 15 Years

October 26, 2016

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Consumer L..

Small Community Banks Seek to Add More Consumer Loans

October 17, 2016

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Consumer L..

It's NOT Subprime: It's NEAR Prime

August 17, 2016

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Consumer L..

What the Surplus of Used Cars Means for Auto Lenders

June 21, 2016

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Consumer L..

The Game of Subprime Lending: Will Smaller Players & Consumers Win?

May 11, 2016

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Consumer L..

Is the Consumer Lending Environment Loosening Up?

February 29, 2016

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Consumer L..

Keeping A Focus On Used Car Loans

February 18, 2016

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Consumer L..

Banks Move From Commercial to Consumer Lending Market

February 18, 2016

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Consumer L..

Lending to the Consumer: It's a Good Business Decision

January 25, 2016

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Consumer L.. Trending

Follow the Leaders: Getting Involved in Consumer Lending in 2016

January 25, 2016

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Consumer L..

Banks Should Get Back to Lending to the Consumer

January 20, 2016

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Consumer L..

Banking Trends and Ideas: Opportunities in 2016 (Hint: It's all about the consumer)

January 19, 2016

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A new political ad harking back to Apple's iconic "1984" campaign depicts the Consumer Financial Protection Bureau as a Stalinist behemoth bent on denying loans to worthy Americans.
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Consumer L..

CFPB-focused political ad draws attention

November 12, 2015

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What happens when a more traditional, geographically-focused financial institution aims to combine with a company that primarily conducts its business online?
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Consumer L..

Could marketplace lenders transform antitrust landscape?

October 20, 2015

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The increased perceived risk around student-loan backed portfolios has already started to play out in the marketplace.
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Consumer L..

Downgrade fears dampen market for student-loan backed securities

September 28, 2015

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An investigation by American Banker found that the CFPB's own documents acknowledge that the agency's methods could result in overestimating the amount of racial bias built in to loan ecosystems.
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Consumer L..

Are CFPB charges of racial bias in the auto loan market overblown?

September 21, 2015

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Radius Bank announced on Sept. 16 that it would offer personal loans on its own website via Prosper Marketplace.
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Consumer L..

Full-service bank takes partnership with marketplace lender to new level

September 17, 2015

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Whether the Federal Open Market Committee begins tightening benchmark interest rates at its September meeting or it waits for its confabs in October or even December, you can be sure change is coming soon to auto loan portfolios.
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Consumer L..

Fed interest rate move will spur big changes to auto loan market

September 16, 2015

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Big news to hit the real estate sector recently is real estate and rental marketplace Zillow's acquisition of dotloop, a digital transaction management firm. While this is exciting for members of the real estate industry, the pairing will actually have a more widespread impact.
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Consumer L.. Trending Commercial

Zillow, dotloop pairing a sign of the future

August 21, 2015

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A court ruling could have an impact on marketplace lending.
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Consumer L.. Trending C/O and BK

Court ruling could have widespread impact on marketplace lenders

August 19, 2015

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Consumer L..

RV Loans: Growing Loan Portfolio Opportunities

August 19, 2015

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Take a drive into town, and the one thing you won't see is a branch of Goldman Sachs. That's because the financial institution has always been about wheeling and dealing on Wall Street, not Main Street.
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Consumer L.. Trending

Goldman Sachs moves toward commercial banking

August 17, 2015

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C/O and BK Pricing Consumer L..

From Loan Sales to Higher Profits: Santander Takes an Aggressive Approach

August 11, 2015

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While marketplace lending isn't as tightly regulated as traditional lending, some business owners are taking action to reshape this industry.
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Consumer L.. Trending Regulatory..

What does the future hold for marketplace lending?

August 10, 2015

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Is the traditional target for a refinanced student loan a doctor earning more than $150,000 per year? Or a lawyer several years out of law school? Perhaps not at one time, but more financial institutions are turning to this demographic as they look to grow their customer bases.
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Consumer L.. Trending

Affluent borrowers present niche market for student-loan refinancing

August 7, 2015

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Which company will become the next Uber of banking? If the ride-sharing giant has anything to say about it, it will be them.
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Consumer L.. Trending

The Uber of banking could end up being Uber itself

August 5, 2015

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Higher interest rates are going to drown borrowers, right? Rate shock will shock the economic system, right? Poor home equity is going to lead to more delinquent borrowers, no?
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Consumer L.. Trending Residential

Predicted 2015 spike in consumer delinquencies - will it happen?

July 21, 2015

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Consumer L..

Drop in Private Student Loan Delinquencies

July 21, 2015

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The second-quarter reports for major financial institutions are in, and the results are mixed bag of good news, bad news and optimism.
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Consumer L.. Trending Commercial

A mixed bag for banks' Q2 reports

July 20, 2015

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The Consumer Financial Protection Bureau has immense oversight powers over a number of many financial industries, including residential financing and payday lending. However, one area where CFPB purview has lagged behind has been in auto lending.
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Consumer L.. Trending Regulatory..

CFPB push to oversee auto lending continues to grow

July 14, 2015

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Consumer L..

Alternative Lenders Offer Convenience: Banks Are Adapting and Responding

June 15, 2015

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Overall, online lending has proven to be beneficial for a certain type of borrower, but investors should be aware of the risks involved.
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Consumer L.. Trending Commercial

Investing with online lenders requires careful consideration

April 30, 2015

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An opportunity for consumers today could be FICO itself, which has recently announced it is working on a new score that would be catered to underbanked borrowers.
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Consumer L.. Trending Regulatory..

New FICO scores feel resistance from established bankers

April 30, 2015

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The mortgage industry has faced substantial criticism following the financial crisis, and many critics and government officials have pounced on the opportunity to disparage this particular sector. While these views have been growing less harsh, those looking to spearhead meaningful reform have encountered numerous challenges, according to American Banker.
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Pricing Consumer L.. Trending Regulatory.. Residential C/O and BK

Mortgage industry faces political hurdles in undergoing reform

April 29, 2015

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The banking sector has been benefiting from strong mergers and acquisitions activity, as economic conditions continue to improve and financial institutions look toward consolidation as a means of cutting costs, meeting capital requirements and even diversifying their businesses.
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Pricing Consumer L.. Trending Regulatory.. Commercial Residential C/O and BK

Bank M&A heats up

April 29, 2015

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While they are frequently identified as being competitors of banks, marketplace lenders have asserted repeatedly that they want to work with these more traditional financial institutions.
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Pricing Consumer L.. Trending Regulatory.. Commercial C/O and BK

Marketplace lenders can partner with banks

April 28, 2015

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As many banks consider partnering with marketplace lenders, they must carefully evaluate each particular alliance to get a strong sense of its potential costs and benefits. Marketplace lenders have been rising in importance, growing a strong customer base and in some cases raising significant sums of money by working with receptive investors.
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Consumer L.. Trending Residential C/O and BK

Due diligence crucial to bank/marketplace lending partnerships

April 27, 2015

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Many banks are making major changes as they take steps to comply with the liquidity coverage ratio, including selling off assets and running off deposits that do little to help them meet the requirement.
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Consumer L.. Trending Regulatory.. Commercial Residential C/O and BK

Banks face challenges complying with LCR requirements

April 23, 2015

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Regional banks have been putting significant effort into either raising the threshold for being deemed systemically important - which currently stands at $50 billion - or scrapping the level completely.
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Consumer L.. Trending Commercial Residential C/O and BK

Regional banks protest $50 billion SIFI threshold

April 21, 2015

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Recently, the U.S. Supreme Court heard a consolidated lawsuit that involved whether a secondary lien placed on the asset of a debtor can be reduced to the value of the collateral securing the obligation obligation and reduced to zero if there is no asset coverage. The decision could have broad implications, potentially impacting many bankruptcy proceedings that followed the nationwide housing crisis, according to Inman Magazine.
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Consumer L.. Trending Regulatory.. Residential C/O and BK

Supreme Court considers underwater second liens

April 20, 2015

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A bill designed to help protect Montana bankers recently passed The Treasure State's House and Senate. Senate Bill 280 was introduced after the Montana Supreme Court ruled in 2014 that borrowers can press legal action in lending disputes on the basis of presumed oral agreements, according to American Banker.
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Consumer L.. Trending Regulatory.. Residential

Bill to protect Montana bankers from oral modification claims generates momentum

April 20, 2015

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Loan demand has been rising all over the nation, according to figures provided in the Federal Reserve's March Beige Book. The Fed report revealed that most regions have been enjoying promising economic conditions, and banking activity stood out as a strong point in many cases.
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Consumer L.. Trending Regulatory.. Commercial Residential C/O and BK

Loan demand keeps climbing

April 19, 2015

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Puerto Rico's banking industry has undergone some seismic shifts in the aftermath of Doral Bank's failure earlier this year. While this troubled bank entered receivership, several competitors benefited from the situation, bolstering their market share by snapping up its branch locations, loans, deposits and mortgage servicing rights.
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Pricing Consumer L.. Trending Regulatory.. Commercial Residential C/O and BK

Puerto Rico banking industry faces uncertain future

April 16, 2015

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Sterling Bancorp, one of the largest lenders doing business in the payroll lending market, recently acquired Damian Services Corporation, which provides payroll-related services to staffing firms. By making this purchase, Sterling will grow its client base, expand its lending capacity and open up new possibilities to earn fees in specialty finance, according to American Banker.
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Pricing Consumer L.. Trending Commercial Residential C/O and BK

Sterling Bancorp makes strategic acquisition

April 13, 2015

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Non-banks have been gaining an increasingly large share of the market for FHA-backed mortgage lending, according to a recent study conducted by the American Enterprise Institute's International Center on Housing Risk. These financial institutions, which are outside the reach of bank regulations and capital requirements, have been increasing issuance of these home loans as major banks retreat from this market.
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Consumer L.. Trending Regulatory.. Residential C/O and BK

Non-banks grab FHA market share as large banks retreat

April 6, 2015

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The peer-to-peer lending market recently benefited from a move by the U.S. Securities and Exchange Commission to revise existing regulations, as this decision gave smaller companies greater ability to raise money and investors more flexibility to participate in this particular industry.
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Pricing Consumer L.. Trending Regulatory.. C/O and BK

P2P lending benefits from SEC decision

March 30, 2015

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PacWest Bancorp recently announced an agreement to purchase Square 1 Financial, Inc., a lender that focuses primarily on the technology industry. Pursuant to this deal, Square 1 bank, owned by Square 1 Financial, will merge into Pacific Western Bank, a Los Angeles subsidiary of PacWest Bancorp.
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Consumer L.. Trending Regulatory.. Commercial Residential C/O and BK

PacWest agrees to buy Square 1

March 29, 2015

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While lending activity has grown more conservative since the financial crisis, there is reason to believe this sector is once again running into trouble. More specifically, both auto and student loan debt saw their delinquencies track higher in the fourth quarter, and during the same time, household debt increased.
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Pricing Consumer L.. Trending C/O and BK

Credit markets show signs of weakness

March 26, 2015

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America's millennials could potentially represent a huge market for alternative banking, according to the results of the most recent FICO survey. Financial institutions looking to stay abreast of the latest shifts in the rapidly changing banking industry might benefit substantially from gathering further detail on these customer preferences.
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Pricing Consumer L.. Trending Commercial Residential C/O and BK

Millennials a huge market for nontraditional lending

March 25, 2015

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Consumer Financial Protection Bureau Director Richard Cordray took a minute to delve into some of the agency's current concerns, as well as the disagreements its staff are having.
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Pricing Consumer L.. Trending Regulatory.. Commercial Residential C/O and BK

CFPB's Cordray helps shed light on agency's plans

March 3, 2015

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Community banks need to either innovate or face extinction in the current environment, according to several industry participants who spoke at the American Bankers Association's National Conference for Community Bankers.
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Pricing Consumer L.. Trending Regulatory.. Commercial Residential C/O and BK

Community banks must innovate or perish

March 3, 2015

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Regulators shut down Doral Bank on Friday, Feb. 27, after the financial institution faced a string of challenges including a dispute surrounding a tax refund, government investigations and sharp declines in stock prices. The Office of the Commissioner of Financial Institutions of Puerto Rico announced in a statement Friday that it had appointed the Federal Deposit Insurance Corporation receiver.
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Pricing Consumer L.. Trending Regulatory.. Commercial Residential C/O and BK

Regulators close failing Doral

March 2, 2015

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Federal Reserve Chair Janet Yellen testified before lawmakers on Tuesday, Feb. 24, providing greater clarity on the central bank's timeline for boosting benchmark interest rates.
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Pricing Consumer L.. Commercial Residential C/O and BK

Yellen sheds light on interest rate outlook

February 24, 2015

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Many banks have been focusing on deposits in the current environment, building up these resources instead of taking on additional credit risk. This approach reflects a more conservative stance, as financial institutions are unsure when the Federal Reserve will opt to push its benchmark interest rates higher.
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Pricing Consumer L.. Trending Regulatory.. Commercial Residential C/O and BK

Banks turn to deposits ahead of Fed rate hikes

February 24, 2015

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Major banks, already facing a tough environment, have been encountering an additional headwind stemming from the dollar's sharp rally. The currency's recent appreciation, along with proposed capital guidelines, could make US banks seem bigger relative to their European counterparts.
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Pricing Consumer L.. Trending Commercial Residential C/O and BK

Rising dollar creates another speed bump for major banks

February 23, 2015

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Doral Financial's problems only seem to be getting worse. While the Puerto Rico-based holding company was able to improve its financial position late last year by attaining a legal victory, it has been encountering rising pressure from regulators, according to American Banker.
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Pricing Consumer L.. Trending Commercial Residential C/O and BK

Doral problems worsening

February 23, 2015

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Mergers and acquisitions activity involving banks has been increasing, and this momentum has grown to include not only smaller banks in the U.S., but also midsize and international financial institutions.
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Pricing Consumer L.. Trending Regulatory.. Commercial Residential C/O and BK

Bank M&A activity is heating up

February 18, 2015

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Banks could run into challenges generating revenue growth as their ability to tap into loan-loss reserves deteriorates.
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Pricing Consumer L.. Trending Regulatory.. Commercial Residential C/O and BK

Bank revenue under pressure

February 18, 2015

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Subprime lender Santander Consumer USA Holdings (SCUSA) recently announced a smaller provision for credit losses amid otherwise general concerns that deteriorating lending standards could impact credit quality. The company cut this reserve to $560 million in the fourth quarter of 2014 from $770 million during the prior period.
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Pricing Consumer L.. Trending

Santander Consumer USA optimistic about credit outlook

February 13, 2015

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Bank of America recently moved a $2.7 billion student loan portfolio to hold-for-sale status, chief financial officer Bruce Thompson told analysts during a conference call in January.
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Pricing Consumer L.. Trending Regulatory.. C/O and BK

BOA readies student loan portfolio for sale

February 12, 2015

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While many bemoan the challenges less-experienced borrowers face, San Francisco-based startup Earnest has been using an innovative new approach to assess their creditworthiness.
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Pricing Consumer L.. Trending Regulatory.. C/O and BK

Lending startup Earnest harnesses innovative underwriting approach

February 12, 2015

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BlackRock is planning to securitize loans purchased via internet origination channels.
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Pricing Consumer L.. Trending Regulatory.. Commercial C/O and BK

BlackRock looks to securitize purchased P2P loans

February 11, 2015

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New York Community Bancorp, Inc. has been generating many benefits by selling assets, keeping its balance sheet below the $50 billion mark and improving its financial results in the process.
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Pricing Consumer L.. Trending Regulatory.. Commercial Residential C/O and BK

New York Community Bancorp strengthens balance sheet through asset sales

February 9, 2015

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The U.S. economy encountered some challenges during the fourth quarter, as weakness abroad and tepid business spending combined to limit fourth-quarter growth.
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Consumer L.. Trending Commercial Residential C/O and BK

US economy encounters headwinds during fourth quarter

February 4, 2015

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While many banks have bemoaned the industry regulations created by the Consumer Financial Protection Bureau, smaller financial institutions in particular could benefit from the government agency's latest mortgage proposal.
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Consumer L.. Trending Residential C/O and BK

Small banks could benefit from CFPB proposals

February 4, 2015

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The recent announcement that Los Angeles-based City National has agreed to be acquired by Royal Bank of Canada could be a game changer for other banks in the region, providing them with stronger opportunities to find clients or buyers.
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Pricing Consumer L.. Trending Commercial Residential C/O and BK

City National sale watershed event for Southern California banks

February 4, 2015

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Two groups of peer-to-peer consumer loans collectively worth more than $300 million recently obtained ratings from Moody's Investors Service, which represents a first because major credit ratings agencies have never before evaluated P2P securitizations.
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Pricing Consumer L.. Trending C/O and BK

P2P consumer loan bundles obtain rating from Moody's

February 3, 2015

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A handful of innovative banking startups have been working on creating lending algorithms that consider more than the traditional variables such as one's credit score. Amid this push, companies are developing risk evaluation methods that account for how much time an applicant spends reading terms and conditions or whether they only use capital letters when filling out forms, The New York Times reported.
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Pricing Consumer L.. Trending Regulatory.. Commercial Residential C/O and BK

Innovative startups focus on lending algorithms

February 2, 2015

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Banks are striving to generate loan growth amid stiff competition and low interest rates. At the same time, analysts and shareholders are pressuring these financial institutions to reign in their expenses where possible, according to American Banker.
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Pricing Consumer L.. Trending Commercial Residential C/O and BK

Banks struggle to generate loan growth

January 29, 2015

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Many banks have been reporting falling interest income in the current environment of low rates and tight competition.
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Pricing Consumer L.. Trending Regulatory.. Commercial Residential C/O and BK

Banks suffer falling interest income

January 28, 2015

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Banks have had a hard time generating satisfactory earnings growth lately, and this difficulty could easily continue in 2015. Banks both large and small have suffered these challenges, as the major financial institutions and the regional ones have been reporting lackluster earnings so far this year. Legal costs and compressed loan margins are the major drags for the larger banks. Community banks are also feeling the pinch in generating good quality assets.
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Pricing Consumer L.. Trending Regulatory.. Commercial Residential C/O and BK

Banks face uphill battle with earnings

January 27, 2015

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U.S. economic conditions continue to improve at a time when the nation is benefiting from increased growth, falling energy costs and sustained job creation.
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Pricing Consumer L.. Trending Commercial Residential C/O and BK

US economic conditions enjoy continued improvement

January 21, 2015

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The Consumer Financial Protection Bureau recently proposed a system that would help academic institutions enjoy greater visibility into the products and services that banks are offering students, according to a statement released Jan. 14.
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Consumer L.. Trending

CFPB proposes 'scorecard' to evaluate banks' student offerings

January 21, 2015

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U.S. economic conditions have been steadily improving, and this development has helped bolster the performance of major banks such as Wells Fargo, whose executives have been rather vocal about how much faith they have in the nation's recovery.
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Pricing Consumer L.. Trending Regulatory.. Commercial Residential C/O and BK

Improving economic conditions increase loan volume and performance, for now

January 20, 2015

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The Swiss National Bank eliminated its cap on the euro-franc exchange rate Jan. 15, at a time when the global currency markets are experiencing sharp volatility and central banks across the world are using increasingly divergent monetary policy.
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Pricing Consumer L.. Trending Commercial Residential C/O and BK

Swiss National Bank scraps peg to Euro amid economic uncertainty

January 19, 2015

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While many U.S. consumers have been benefiting significantly from sharply dropping oil prices, they may find they have even more money in their pockets after the Federal Housing Administration's recent decision to reduce its annual premiums.
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Pricing Consumer L.. Trending Regulatory.. Commercial Residential C/O and BK

Broad market developments could affect loan portfolios

January 13, 2015

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Fintech startup Larky has been taking an innovative approach with its mobile applications, marketing them directly to banks so they can be used to provide consumers with discounts and offers from local stores.
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Pricing Consumer L.. Trending Commercial Residential C/O and BK

Innovative startup offers location-based consumer apps to banks

January 12, 2015

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The Consumer Financial Protection Bureau has been quite active in recent years, and there is no sign that this trend will stop in 2015.
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Pricing Consumer L.. Trending Regulatory.. Commercial Residential C/O and BK

CFPB's agenda to remain ambitious this year

January 7, 2015

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Non-bank lender Progreso Financiero recently announced plans to change its name to Oportun - based on the Spanish word for opportunity - to reflect the value it provides to underserved Hispanic borrowers.
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Pricing Consumer L.. Trending

Progreso Financiero to rebrand itself as Oportun

January 6, 2015

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The banking industry is encountering various disruptive forces - including stiff regulations, the proliferation of online lending and innovative new lending activities - that bankers should monitor if they want to capitalize on existing opportunities.
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Pricing Consumer L.. Trending Commercial Residential C/O and BK

Bankers can profit from being aware of disruptive forces

December 26, 2014

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American Banker recently named marketplace lending its Innovation of the Year.
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Pricing Consumer L.. Trending Regulatory.. Commercial C/O and BK

American Banker names marketplace lending Innovation of the Year

December 18, 2014

Excerpt:

Billionaire investor George Soros has been laying the foundation so he can back peer-to-peer lending, a burgeoning industry that is making greater use of more traditional funding methods in an effort to reduce lending costs.
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Consumer L.. Trending Residential C/O and BK

Soros getting ready to back P2P lending

December 9, 2014

Excerpt:

While headlines have been filled with subjects about the rising cost of college education, the financial challenges of students are becoming less severe, a handful of reports stated recently.
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Pricing Consumer L.. Trending

Student loan borrowing slows, as net price of many colleges declines

November 24, 2014

Excerpt:

Many banks have been encountering challenges in their efforts to originate high-quality loans, but have been taking steps to compensate for this situation.
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Consumer L.. Trending Regulatory.. Commercial Residential C/O and BK

Banks are finding it difficult to generate prime loans

November 20, 2014

Excerpt:

Ally Financial Inc. reported strong auto lending in the third quarter, and has predicted this success will continue, reducing the money it has set aside for loan losses even amid stiff competition and concerns that used car values will decline in the final quarter of the year.
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Consumer L.. Trending C/O and BK

Ally Bank expects continued success in auto lending

November 20, 2014

Excerpt:

Distressed loan sale programs can help out homeowners, taxpayers and government organizations, but to generate these benefits, they must be set up in the right way, Sarah Edelman and Julia Gordon, who work for the Center for American Progress, wrote in a recent American Banker opinion piece.
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Pricing Consumer L.. Trending Residential C/O and BK

Distressed mortgage loan sale programs should be handled carefully

November 19, 2014

Excerpt:

The legal fees plaguing major banks continue to climb higher, and nobody knows when these financial institutions will get past these challenges.
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Consumer L.. Trending Regulatory.. Commercial Residential C/O and BK

Legal challenges pile up at major banks

November 14, 2014

Excerpt:

The P2P and internet loan marketplace has become increasingly popular in recent years, and a new analysis suggests bidding activity and pricing for these loans could be at its most competitive yet.
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Consumer L..

P2P and internet loan marketplace pricing on the rise

November 11, 2014

Excerpt:

Sterling Bancorp and Hudson Valley Holding Corp. announced a definitive merger agreement on Nov. 5, which would create a larger combined entity catering to consumers and small - to medium-sized businesses in the New York metropolitan area.
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Consumer L.. Trending Commercial Residential C/O and BK

Sterling Bancorp and Hudson Valley to merge, create larger regional entity

November 6, 2014

Excerpt:

As auto lending activity strengthens across the country, banks have been viewing it with fresh eyes, looking to this particular activity as an opportunity where they can potentially benefit from low default rates, attractive rates, short duration and significant demand.
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Pricing Consumer L.. Trending Regulatory.. C/O and BK

Auto lending provides banks with strengthening prospects

November 5, 2014

Excerpt:

In an effort to generate desired results amid sharp competition, many big banks are focusing on prime auto lending.
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Consumer L.. Trending C/O and BK

Big banks cultivate laser focus on prime auto lending

October 29, 2014

Excerpt:

Earlier this fall, prominent members of different interest groups announced the creation of the Wealth Building Home Loan, a mortgage specifically designed to help low - to moderate-income borrowers accumulate equity.
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Consumer L.. Trending Residential

Innovative 15-year mortgage could impact housing availability

October 27, 2014

Excerpt:

U.S. Bancorp CEO Richard Davis has been offering some fairly rosy views of the economy, predicting that growth will accelerate sharply next year.
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Pricing Consumer L.. Trending Commercial Residential C/O and BK

Major bank executive predicts economy will take off in 2015

October 23, 2014

Excerpt:

The revenue banks are generating from customer-account fees has dropped sharply, stemming from changes in consumer behavior and new regulations created to protect account holder interests.
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Pricing Consumer L.. Trending Commercial Residential C/O and BK

Customer-account fee revenue plunges at banks

October 20, 2014

Excerpt:

The Office of the Comptroller of the Currency recently published final risk management and governance guidelines for major financial institutions, giving them different expected timelines for compliance based on their size.
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Pricing Consumer L.. Trending Regulatory.. Commercial Residential C/O and BK

OCC finalizes heightened standards

October 20, 2014

Excerpt:

The value of many assets around the world - including real estate, stocks and bonds - has been rising, and several market participants have warned they have grown inflated and approach bubble status.
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Pricing Consumer L.. Trending Commercial Residential C/O and BK

Asset values surge amid central bank stimulus

September 30, 2014

Excerpt:

Housing prices remain elevated amid current supply-demand fundamentals. This, along with tighter credit, may be keeping new buyers out of the market and slowing new home sales.
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Consumer L.. Trending Residential

Housing prices remain high, keeping some out of the market

September 22, 2014

Excerpt:

Banks are on a mission to increase their loan income, and their desire to meet this objective has helped fuel mergers and acquisitions.
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Consumer L.. Trending Regulatory.. Commercial Residential C/O and BK

Banks thirsty for loan income step up M&A activity

September 18, 2014

Excerpt:

Banks could generate more revenue by adding P2P originations to their branch originations, according to a study recently released by research firm Cognizant.
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Consumer L.. Trending Commercial C/O and BK

Banks could bolster top line by partnering with P2P lenders

August 29, 2014

Excerpt:

Subprime auto lending has recently experienced a sharp uptick, and the robust activity has provoked warnings that a bubble is forming.
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Consumer L.. Trending C/O and BK

Surging subprime auto lending sparks bubble concerns

August 27, 2014

Excerpt:

Credit union lending ramped up in May and June, according to recent reports from the Credit Union National Association.
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Pricing Consumer L.. Trending Commercial Residential C/O and BK

Credit union lending heats up in May and June

August 26, 2014

Excerpt:

Fledgling startup companies could one day dominate the banking industry, financial expert Richard Magrann-Wells wrote in a recent American Banker piece.
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Pricing Consumer L.. Regulatory.. Commercial Residential C/O and BK

Startups could one day dominate the banking industry

August 26, 2014

Excerpt:

The Consumer Financial Protection Bureau recently provided guidance for mortgage brokers that want to operate using a mini-correspondent lender model, outlining the questions it uses to evaluate these industry participants to determine whether they meet the definition of mini-correspondent.
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Consumer L.. Trending Regulatory.. Residential

CFPB sheds light on mini-correspondent model

August 22, 2014

Excerpt:

As a result of hitting a critical point in its development, the market for Federal Family Education Loan Program loan sales may soon enjoy a sharp rise in activity.
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Pricing Consumer L.. Trending C/O and BK

FFELP loan sales may be poised to take off

August 21, 2014

Excerpt:

Bank mergers and acquisitions have surged lately, as the industry struggles to overcome numerous headwinds including a challenging compliance environment, higher capital requirements and the proliferation of alternative lending.
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Pricing Consumer L.. Trending Regulatory.. Commercial Residential C/O and BK

Bank M&A activity heats up amid myriad challenges

August 19, 2014

Excerpt:

New financial product structures are growing in availability, and a great deal of the finance industry's innovation centers around this trend, former Citigroup chief executive Vikram Pandit recently told American Banker. Amid this situation, Pandit highlighted a key opportunity.
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Consumer L.. Trending Commercial Residential C/O and BK

New financial product structures are spreading like wildfire, says Citi's Pandit

August 18, 2014

Excerpt:

The Office of the Comptroller of the Currency recently took action to clarify best practices surrounding debt sales when it issued guidelines on Aug. 4.
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Consumer L.. Trending Regulatory.. Commercial Residential C/O and BK

OCC sheds light on debt sales with latest guidance

August 12, 2014

Excerpt:

Lending Club, a major peer-to-peer lender, recently announced impressive second quarter figures, reporting that it facilitated $1 billion in new credit during the period.
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Consumer L.. Trending C/O and BK

Lending Club has blowout quarter with $1 billion in new credit

July 31, 2014

Excerpt:

U.S. auto lending warmed up in the first quarter, as the total loans of banks and thrifts climbed higher and delinquencies declined.
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Pricing Consumer L.. Trending C/O and BK

US Auto lending grows stronger in Q1

July 30, 2014

Excerpt:

Concerned that traditional underwriting methods are leaving some would-be borrowers behind, peer-to-peer lender Upstart has responded by developing a unique process to vet credit applicants.
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Consumer L.. Trending Regulatory.. Commercial C/O and BK

P2P lender Upstart takes innovative approach to credit

July 29, 2014

Excerpt:

Loan sales have been picking up steam in the U.S., as the rising interest in home equity loans and non-performing loan securitizations helps increase the value of such transactions.
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Pricing Consumer L.. Trending Residential C/O and BK

Loan sales heat up amid rising interest in home equity and NPLs

July 28, 2014

Excerpt:

Property tax bills are on the rise, and their steady climb has been causing stress for the already-troubled mortgage market.
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Consumer L.. Trending Residential C/O and BK

Rising property taxes impact mortgage market

July 21, 2014

Excerpt:

In a recent report, the Office of the Comptroller of the Currency warned banks about the credit risk that is steadily accumulating because of their willingness to provide loans easily.
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Pricing Consumer L.. Trending Commercial C/O and BK

OCC warns banks about growing credit risk

July 15, 2014

Excerpt:

Certain mortgage lenders have been following more stringent requirements than those created by the Consumer Financial Protection Bureau in an effort to ensure compliance.
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Pricing Consumer L.. Trending Residential C/O and BK

Mortgage lenders cap broker fees below CFPB limits

July 9, 2014

Excerpt:

LendingClub Corp., the largest peer-to-peer lender in the U.S., has started preparing for an initial public offering, selecting major investment banks Morgan Stanley and Goldman Sachs Group Inc. to lead the sale, individuals familiar with the situation told The Financial Times.
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Pricing Consumer L.. Trending Commercial C/O and BK

LendingClub gearing up to go public, say insiders

July 1, 2014

Excerpt:

Nigel Morris, who co-founded financial services firm Capital One, recently joined the board of Prosper Marketplace, the parent company of peer-to-peer online loan marketplace Prosper.
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Pricing Consumer L.. Trending Regulatory.. C/O and BK

Capital One co-founder Nigel Morris has joined Prosper's board

June 24, 2014

Excerpt:

San Francisco-based startup Affirm Inc. is harnessing an innovative new approach to lending, which some believe could potentially disrupt loan markets as we know them.
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Consumer L.. Trending C/O and BK

Affirm Inc. offers innovative approach to lending

June 19, 2014

Excerpt:

Many consumers have lackluster feelings about the economy or their household income, according to the results of a recent Fannie Mae poll.
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Pricing Consumer L.. Trending Commercial

Fannie Mae poll: Weak consumer sentiment hampers housing market

June 17, 2014

Excerpt:

One new initiative that is making waves in the credit markets is Square Capital, which lets small businesses secure capital in exchange for a claim on their future revenue stream.
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Consumer L.. Trending

Square shakes up small business lending with merchant cash advances

June 16, 2014

Excerpt:

Younger people are more likely to consider alternative banking, according to the results of a recent Accenture survey.
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Pricing Consumer L.. Trending Commercial Residential C/O and BK

Younger people far more open to alternative banking, says Accenture survey

June 13, 2014

Excerpt:

Regulators have been intensifying their scrutiny of banks, and more specifically the relationships these institutions have with their vendors.
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Consumer L.. Trending Regulatory.. Commercial Residential

Regulators are turning up heat on bank use of vendors

June 12, 2014

Excerpt:

The federal government recently announced plans to make mortgage lending standards less stringent, hoping that doing so will help jump-start the housing market.
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Pricing Consumer L.. Trending Residential C/O and BK

Federal government agencies attempt to jump-start housing market by loosening standards

June 11, 2014

Excerpt:

The Bank Director's 2014 Risk Practices Survey recently provided some insight into the risk management challenges that lending institutions are facing.
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Pricing Consumer L.. Trending Regulatory.. Commercial Residential

2014 Risk Practices Survey details bank risk management

June 5, 2014

Excerpt:

A recent poll sponsored by real estate website Zillow has predicted that home prices will rise more than 4 percent in 2014.
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Consumer L.. Trending Residential

Zillow poll predicts home prices will rise more than 4 percent this year

June 4, 2014

Excerpt:

Financial services industry participants looking to get a fresh view of this particular sector might consider attending the upcoming conference EMERGE: The Forum on Consumer Financial Services Innovation.
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Consumer L.. Trending C/O and BK

Emerge Conference Arrives

June 2, 2014

Excerpt:

The Federal Deposit Insurance Corp. recently released its Quarterly Banking Profile, and this report contained data indicating that loan origination could increase sharply in the near future.
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Consumer L.. Trending Commercial Residential C/O and BK

FDIC data points to increased loan origination in coming quarters

May 29, 2014

Excerpt:

The Consumer Financial Protection Bureau recently released a report on its supervision of non-bank activities.
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Pricing Consumer L.. Trending Residential C/O and BK

CFPB releases report on regulation of non-bank activities

May 28, 2014

Excerpt:

The auto loan portfolios held by credit unions grew at the fastest pace in 13 years durin?g March, according to data provided in a CUNA Mutual Group report.
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Pricing Consumer L.. Trending C/O and BK

Credit union loan portfolio growth surges to 13-year high

May 23, 2014

Excerpt:

Lenders identified Consumer Financial Protection Bureau mandates as their single greatest compliance challenge in a recent QuestSoft survey.
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Pricing Consumer L.. Trending Commercial C/O and BK

Lenders cite CFPB regulations as top compliance concern in recent industry survey

May 21, 2014

Excerpt:

Younger Americans have been paying down their debts, gradually lifting the burden off their shoulders in the aftermath of the recession.
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Pricing Consumer L.. Trending Residential C/O and BK

Deleveraging continues for youngest Americans

May 20, 2014

Excerpt:

Jobless claims recently fell to their lowest level in seven years, and this development could show the latest progress made by the labor market.
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Pricing Consumer L.. Trending Residential C/O and BK

Plunging jobless claims latest evidence of healing labor market

May 19, 2014

Excerpt:

Household debt rose during the first quarter, according to figures provided in a report from the Federal Reserve Bank of New York.
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Pricing Consumer L.. Trending Residential C/O and BK

Rising household debt could provide boon to loan sales

May 14, 2014

Excerpt:

Mortgage applications surged during the week ending May 2, according to Mortgage Bankers Association figures.
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Pricing Consumer L.. Trending Residential C/O and BK

Mortgage applications rise during week ending May 2, MBA figures show

May 14, 2014

Excerpt:

Home prices experienced a sharp year-over-year surge in March, according to data contained in a CoreLogic report.
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Pricing Consumer L.. Trending Residential C/O and BK

Home prices surge in March

May 12, 2014

Excerpt:

Many U.S. banks recently reduced their standards for mortgage lending, and this development could boost loan sales by increasing the availability of this type of debt.
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Pricing Consumer L.. Trending Residential C/O and BK

US banks lower lending standards

May 9, 2014

Excerpt:

The Consumer Financial Protection Bureau has been pushing U.S. lenders offering auto loans through car dealerships to price this debt using a flat-rate structure, and BMO Harris Bank was the first sizable financial institution to adopt this approach.
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Consumer L.. Trending Regulatory.. C/O and BK

BMO Harris Bank first sizable lender to adopt flat rate financing

May 8, 2014

Excerpt:

Jonathan Lippman, chief judge of the state of New York, recently proposed reforms to debt collection lawsuits, 100,000 of which are filed against residents of the state each year.
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Consumer L.. Trending Regulatory.. C/O and BK

NY chief judge proposes debt lawsuit reforms

May 7, 2014

Excerpt:

The volume of weekly mortgage applications dropped to its lowest in almost 14 years during the week ending April 25, according to data from a recent Mortgage Bankers Association survey.
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Consumer L.. Trending Residential C/O and BK

Weekly mortgage applications fall to lowest since 2000, according to MBA data

May 5, 2014

Excerpt:

The Labor Department's April jobs report provided some strong figures, and this development could easily help bolster the sentiment of everyday Americans.
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Consumer L.. Trending Residential C/O and BK

Strong jobs report could improve consumer confidence

May 2, 2014

Excerpt:

A growing percentage of Americans are paying their credit card balances in full every month, according to a recent Gallup poll.
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Pricing Consumer L.. Trending C/O and BK

Many Americans paying credit card balance in full, says Gallup poll

May 1, 2014

Excerpt:

Homes values have been rising in several different metropolitan areas, and now many properties have prices that exceed the conforming loan values set forth by government programs.
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Pricing Consumer L.. Trending Residential

Declining affordability in certain cities could undermine loan origination and impact loan sales

April 30, 2014

Excerpt:

Americans have changed how they harness credit card debt, a financial consulting firm stated recently, and these new practices could potentially constrain loan sales by reducing the supply of available debt.
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Consumer L.. Trending Commercial Residential

New view of credit card debt could constrain loan sales by affecting supply

April 30, 2014

Excerpt:

The Consumer Financial Protection Bureau recently released a report containing information on how consumers can use electronic methods to complete the paperwork involved in a mortgage closing.
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Pricing Consumer L.. Trending Residential

CFPB efforts to educate on home loans could strengthen mortgage market

April 30, 2014

Excerpt:

Lending standards could potentially weaken as housing prices continue to increase, Lindsey Piegza, chief economist for privately-owned brokerage Sterne Agee, stated recently.
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Pricing Consumer L.. Trending Residential

Economist: Lending standards could soften as home prices rise

April 29, 2014

Excerpt:

The total value of automobile loans outstanding rose in March, and the increased supply of this type of debt could bolster loan sales.
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Pricing Consumer L.. Trending

Rising auto loans could encourage loan sales by providing loans with shorter durations

April 29, 2014

Excerpt:

Pending home sales surged in March, and this development could affect loan sales by increasing the supply of available mortgage debt.
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Consumer L.. Trending Residential

Surging pending home sales could bolster loan sales

April 29, 2014

Excerpt:

U.S. economic growth seems to be picking up, and this development could affect both loan origination and loan sales by bolstering the sentiment of consumers and the demand for credit.
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Pricing Consumer L.. Trending Residential C/O and BK

Stronger economic growth could bolster loan origination and impact loan sales

April 28, 2014

Excerpt:

Various measures of consumer confidence have shown strength lately, and the continued improvement in this sentiment could fuel more robust loan origination by increasing the demand for credit.
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Pricing Consumer L.. Residential C/O and BK

Continued increases in consumer confidence could mean more robust loan origination

April 25, 2014

Excerpt:

Strong durable goods order data for March showed the robust nature of the economy, and this continued improvement could help bolster loan origination by making consumers more confident.
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Pricing Consumer L.. Residential

Strong durable goods orders could bolster loan origination by increasing confidence

April 24, 2014

Excerpt:

Retail sales surged in March, and the sharp gain could potentially drive up loan origination by supporting demand for credit.
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Pricing Consumer L.. Trending

Growing retail sales could support loan origination by bolstering demand for credit

April 23, 2014

Excerpt:

Economic conditions in Texas are strong and improving, and this situation could help support loan sales by increasing both the supply and demand for credit.
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Pricing Consumer L..

Burgeoning economic conditions could help support TX loan sales

April 21, 2014

Excerpt:

U.S. consumer defaults plunged in March, and this development could affect loan sales and pricing by lowering the supply of low-quality credit.
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Pricing Consumer L.. Trending C/O and BK

Plunging defaults could affect loan sales by reducing low-quality credit

April 18, 2014

Excerpt:

U.S. consumer borrowing surged more than economists had expected in February, and this development could bolster loan sales if banks seek to unload any excess credit they have extended.
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Pricing Consumer L..

Rising US consumer borrowing could bolster loan sales due to higher originations

April 14, 2014

Excerpt:

Many participants in a recent industry survey expressed optimistic views of the housing market, and this strong sentiment could foreshadow more robust loan origination.
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Pricing Consumer L..

Rising consumer sentiment could precede most robust loan origination

April 10, 2014

Excerpt:

Banks across the U.S. have been focusing on the leverage ratio, and complying with this particular requirement could motivate them to make loans that they consider safer or have lower capital requirements.
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Pricing Consumer L..

Focus on leverage ratio could spur risky loan sales

April 8, 2014

Excerpt:

Temporary positions in the U.S. have surged lately, and this situation could potentially have a significant impact on credit markets if it is a precursor to the creation of more full-time jobs.
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Pricing Consumer L..

Robust growth in temp jobs could help support loan demand

April 7, 2014

Excerpt:

The U.S. economy has been creating jobs consistently for many months, most recently boosting payrolls in March, and sustained labor market improvement could bolster loan origination by putting more money in the pockets of consumers and making them more optimistic about the future and willing to borrow.
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Pricing Consumer L..

Job growth could help spur loan origination by providing boon to consumers

April 4, 2014

Excerpt:

Consumers have been keeping a lid on their credit balances while issuers continue to hold high underwriting standards, and these issues could limit distressed debt sales by reducing supply.
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Consumer L.. Consumer L..

Lower credit card debt could limit distressed debt sales

April 3, 2014

Excerpt:

Consumers have been keeping a lid on their credit balances while issuers continue to hold high underwriting standards, and these issues could limit distressed debt sales by reducing supply.
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Consumer L.. Consumer L..

Lower credit card debt could limit distressed debt sales

April 3, 2014

Excerpt:

Millennials are facing myriad challenges, and these difficulties could constrict their demand for credit and undermine loan origination.
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Pricing Consumer L..

Plight of Millennials could undermine loan origination

April 1, 2014

Excerpt:

A recent surge in consumer spending could indicate that these individuals are becoming more confident, which could result in them seeking more credit.
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