Jeff For Banks
APRIL 30, 2022
This was the conversation I had with a senior lender of a client at the Massachusetts Bankers' Association annual convention. The much sought after "operating account." Two reasons, in my opinion: average balance per account, and operating expense per account. What does a "full relationship" mean? CRE still wins.
PYMNTS
NOVEMBER 20, 2017
According to the lending platform, this is also its first credit facility rated by DBRS, Inc. Only weeks ago, news surfaced that a small business borrower in Massachusetts that used the Kabbage platform filed a lawsuit against the company and Celtic Bank.
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PYMNTS
NOVEMBER 26, 2019
The company has a partnership with Amazon in which it lends to customers with low credit scores. Personal data can be exploited by foreign intelligence services to amplify the impact of espionage and influence operations,” the letter said. In other Amazon news , the eCommerce giant is opening a store on the Chinese site Pinduoduo.
PYMNTS
SEPTEMBER 28, 2020
The financing is in addition to the liquidity provided by the $900 million asset-based lending led by Bank of America and a group of commercial banks.
PYMNTS
JUNE 15, 2020
While our lending business has served Main Street small businesses for years, we knew that as our sellers and their communities were facing deep economic uncertainty, we could play a meaningful role in disbursing stimulus funds,” said Jacqueline Reses , the head of Square Capital, in a statement. “In
CFPB Monitor
APRIL 7, 2020
Mr. Roddy discussed the emergency debt collection regulation issued by the Massachusetts AG and the possibility of state UDAP claims based on collection activities during the crisis. All of the speakers stressed the need for companies to identify potential sources of risk in their operations and attempt to address those risks in advance.
PYMNTS
JULY 24, 2019
In banking, “too big to fail” has become shorthand for financial firms of scale and reach so significant that any operational or financial difficulties may have ripple effects on the economy at large. billion for small business lending. In a congressional hearing on the proposed merger of SunTrust and BB&T, size was in focus.
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