CLOUDecision
May 30, 2017
Since the financial crisis of 2008, lending by nonbank entities has resulted in their portfolios to increase by 100%. While initially some of this growth was due to the fact that banks were dealing with the resultant fallout from the financial crisis and small-business lending was more restrictive, their ability […]
June 9, 2017
The CFPB (Consumer Financial Protection Bureau) recently released examination priorities around lending practices of financial institutions. These examinations will ensure that all financial institutions are staying compliant in fair lending practices. Now, more than ever, having an up-to-date and robust system that self-monitors fair lending practices for your institution is […]
July 7, 2017
Community banks and credit unions are not only facing continued competition from big-name banks with generous marketing budgets but also from online lending companies. These lending providers are securing an ever-increasing share of the market with their streamlined application processes and ability to offer a decision and access to the […]
July 24, 2017
As of April 2017, the Small Business Administration (SBA) guaranteed 7(a) loans in the amount of $14 billion. This figure reflects an increase in volume of 9.4 percent over fiscal 2016. The 7(a) loan program, the agency’s most popular, provides guarantees up to $5 million. Another SBA program, the 504, […]
October 12, 2017
The landscape of lending is changing in part to the continued popularity of online lenders. A large number of today’s loan applicants are more likely to choose a non-bank lender for their financing needs for a number of reasons such as convenience and flexibility. However, community banks can remain competitive […]
October 20, 2017
Starting in 2018, the Midsize and Community Bank Supervision (MCBS) team of the Office of the Comptroller of the Currency (OCC) will focus on risk analysis, credit underwriting, strategic risk, asset management, operational risk and other objectives. The context of these objectives is as follows: Risk Analysis The incorporation of […]