PYMNTS
NOVEMBER 26, 2019
The company has a partnership with Amazon in which it lends to customers with low credit scores. Five senators wrote a letter to Amazon CEO Jeff Bezos, asking him to explain how security surveillance company Ring uses people’s data and video. In other Amazon news , the eCommerce giant is opening a store on the Chinese site Pinduoduo.
Independent Banker
OCTOBER 1, 2022
Consider, for example, its commercial lending approach. Bankers at its nine branches in north-central West Virginia and one in western Maryland spend time getting to know each customer and understanding their unique circumstances. of Clear Mountain Bank’s loan portfolio comprises commercial lending, primarily to small businesses.
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Independent Banker
NOVEMBER 30, 2021
Here, a fraudster obtains a legitimate user’s details to take over their online accounts, enabling the theft of money or a credit card, according to Marianne Crowe, vice president in the Secure Payments Innovation and Research group at the Federal Reserve Bank of Boston. Elizabeth Judd is a writer in Maryland.
Independent Banker
DECEMBER 31, 2022
According to a Lending Tree survey, 43% of Americans have used BNPL, up from 31% year-over-year. Address fraud and security. Colleen Morrison is a writer in Maryland. For its part, BNPL has already had repercussions on the industry. The same survey found that 42% have made a late payment and 70% have admitted to overspending.
Jeff For Banks
JUNE 2, 2023
The old borrow short, lend long strategy. Economists cite as the main culprit the collapse of the subprime mortgage market — defaults on high-risk housing loans — which led to a credit crunch in the global banking system and a precipitous drop in bank lending. Remember K Bank in Maryland? Let those numbers sink in a bit.
Jeff For Banks
NOVEMBER 7, 2015
Me to a community banker: Why don't you offer more options than real estate secured lending to help fund early stage businesses? What I hear most often is that community banks take deposits from people and businesses in their community and lend it to people and businesses in that same community. You read it right: 100%.
Independent Banker
NOVEMBER 13, 2014
If you’re not comfortable lending against devices or machines, you might be if you can confirm they are continually in use and generating revenue,” O’Connell says. Perhaps nowhere more could the Internet of Things transform banking more than in systems and data security. Michael Blankenheim is a freelance writer in Maryland.
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