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Saving Main Street: Advocacy Groups Propose New Government Relief Programs

PYMNTS

Most small businesses don’t have a lending relationship with a bank. In comparison, small businesses selling similar products were forced to close. In Washington State, Frey said that “for every $1 it invests in a Main Street program, there is a $13 return to the public coffer” in the form of taxes and fees.

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US Bankcards Industry Benchmarking Trends: 2023 Q1 Update

FICO

The National Association of Realtors reported that sales of previously owned homes declined 2.4% Inflation (the year-over-year comparison of the Consumer Price Index) continued to slow in March to 5%; however, prices continue to rise month-over-month. Visa is predicting negative GDP in Q2 and Q3 with a return to growth in Q4 2023.

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Bankers: If We're Serious About Helping Clients, What About These Two Products?

Jeff For Banks

Steve played an accountant, and informed a couple that they would be receiving a nice tax refund. And I must admit, finding a legitimate website for objective comparison is difficult because annuity providers clog searches with pitches. We already track that borrowers pay their real estate taxes on regular mortgages.

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Fintech Fundings: 13 Companies Raise $900 Million Week Ending Nov 12

Fintech Labs Insights

Other than Blackstone’s $820 million bet on what is likely the oldest financial technology company on the planet, NCR founded in 1884 as National Cash Register, just $82 million flowed to the under-100-year-old crowd. Lending marketplace targeting Hispanic-owned small businesses. HQ: National, Maryland. Source: Crunchbase.

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What’s in it for Me? Real Estate Investment Technology

Fintech Labs Insights

Here’s a quick comparison chart of companies working on crowdfunding and cash flow share models (right click to enlarge): Here’s a more in-depth look at each company’s model: Crowdfunding. Lending Home is open to accredited investors looking to fund real estate investment projects for a term of 12 months or less.

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The Velocity of Risk – What Bankers Need To Know

South State Correspondent

The Comparison of Risk. One morning, President Trump tweeted his desire for an additional tax on all foreign-owned companies operating in the US. For some banks, the amount of gas station and convenience store loans is about equal to loans to US businesses that are owned by foreign nationals. Consider the risk above.

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It’s Time To Reset Consumer Financial Protection

PYMNTS

They should, however, be commended for lending money. Time to recognize the importance of lending for consumers and small businesses and for making the economy go ‘round and ‘round. Meanwhile, financial services providers must do a better job of explaining how lending helps consumers and, of course, policing themselves.

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