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Online Lender SoFi Sees $12M Loss In Q3

PYMNTS

Online lender Social Finance (SoFi) continues to struggle, recording an adjusted loss of around $12 million during the third quarter before interest, taxes, depreciation and amortization. According to The Wall Street Journal ( WSJ ), the earnings losses follow an adjusted profit of $56 million in Q3 of 2017.

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Senate Affirms Trump’s Jovita Carranza As SBA Chief

PYMNTS

Treasurer since 2017, Carranza was an advisor to Treasury Secretary Steve Mnuchin. Business organizations said in a letter to senators that “having Senate-confirmed leadership of the SBA will help to ensure that the department’s programs, that provide small businesses with access to capital and disaster assistance, are working effectively.”

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GonzoBanker Awards 2017

Gonzobanker

Seriously, sit back with a pocket flask of Pappy Van Winkle, smoke a cigar (or your combustible of choice if you live in Colorado, California, Washington, Oregon, Nevada, Main or Massachusetts) and enjoy the 2017 GonzoBanker Awards. The Real “Lending” Stock Award – Goes to longtime player LendingTree. FinTech threats and distractions.

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Community banks are thriving in Texas

Independent Banker

Corporate relocations and expansions—influenced by factors like affordability, low corporate tax rates, no personal income tax and a rich talent pool—have contributed to a momentum that isn’t likely to subside soon. Edlund adds that ANB also does working capital lending, energy lending and real estate and development lending.

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100 Days Of (Banking And Regulatory) Change

PYMNTS

This growth will ostensibly be spurred by heavy investments in infrastructure and also by tax cuts. The traditional banking system has shied from opening the lending spigots to SMBs in the wake of the financial crisis of 2008. A dampening on lending has also come because of regulations, of course via Dodd-Frank.

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The ICBA 22/23 executive committee is all in

Independent Banker

We must also keep our focus on protecting the 2017 tax cuts and, as always, monitoring and confronting credit union overreach. For instance, ICBA is calling for congressional hearings on the credit union tax exemption. Their insights are critical to the path we chart for this great industry.”.

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2021 GonzoBanker Awards

Gonzobanker

million gets the vaunted consumer lender a much-prized bank charter, low-cost deposits to juice current earnings, and a business lending capability to drive future growth. Since 2017, ROAE has grown from 7% to approximately 20% and ROAA has increased from.82% Lifetime Leadership Achievement Awards. The Bank That Gets Fintech.

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