2013 Cards Lending Security 
PYMNTS
OCTOBER 9, 2018
About a year ago, the CFPB, which now goes by the BCFP, dropped the final version of its payday lending regulations. Being compliant with these new regulations meant big changes to the payday lending process, including testing requirements to confirm a borrower’s ability to repay a loan on time while still meeting day-to-day expenses.
PYMNTS
DECEMBER 10, 2016
Two years ago today, Lending Club was ringing the bell on an IPO that one early investor called “a no-brainer.”. Lending Club’s model does not need bank branches on each street corner, and it can turn around in minutes and hours, not days. “I So what went so right for LendingClub two years ago today at its IPO — and then so wrong?
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PYMNTS
AUGUST 8, 2017
7) that it charged twelve people with money laundering millions of dollars in credit card charges via fraudulent merchant accounts. According a FTC press release, the defendants set up an operation known as Money Now Funding (MNF) to get and maintain merchant accounts that let it process credit card charges close to $6 million.
PYMNTS
JULY 18, 2016
Lending Club continued to prove there is almost always more to the story, American Express announced a surprise collaboration with Airbnb and PayPal pushed harder into B2B payments. Lending Club’s Latest Bad News. The last several weeks of news for Lending Club suggest that there’s a little of both to be had here.
PYMNTS
DECEMBER 9, 2020
Developing a quick, seamless and secure onboarding process for financial institutions (FIs), lending startups and other financial services providers has long posed its trials. The process involves capturing a user’s live photo to compare alongside an official document, such as an Aadhaar card, which bears a unique, 12-digit ID number.
PYMNTS
NOVEMBER 16, 2017
According to news from Reuters , Wells Fargo ’s Shrewsberry said that banks are being competitive in getting consumers to use their credit cards but that easy access to credit hasn’t led to meaningful credit card defaults yet. That’s probably at the margin where excess leverage will show up.
PYMNTS
OCTOBER 17, 2019
The outage has been going on for the last 24 hours, taking down the company’s website and app, as well as shutting down customers’ debit cards. We can assure you all account information remains secure, and no personal or financial data is at risk.”. Earlier this year, it reached a valuation of $1.5
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