CFPB Monitor
JANUARY 17, 2019
A Minnesota federal district court recently ruled that lead generators for a payday lender could be liable for punitive damages in a class action filed on behalf of all Minnesota residents who used the lender’s website to obtain a payday loan during a specified time period.
PYMNTS
JANUARY 2, 2020
Sezzle — a “buy now, pay later” (BNPL) company based in Minnesota, but listed in Australia — was denied a crucial lending license from California. Afterpay released a statement confirming approval of its own California lending license six weeks ago, upping its shares by 4.6 The company offers U.S. ”
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MyBankTracker
AUGUST 18, 2020
Minnesota is home to plenty of great options for borrowers who are seeking personal loans. With one of the highest average credit scores in the country, Minnesota residents can qualify for low interest rates on these loans. If you’re looking for a personal loan in Minnesota, we’ll discuss some of your best options.
Independent Banker
OCTOBER 31, 2021
Offering digital lending isn’t about the bells and whistles. started developing its digital lending platform about three years ago—and the bank is really glad it did. “I’m Community bankers are increasingly recognizing that the future of digital lending is here. Illustration by Out of the box/Stocksy. By Beth Mattson-Teig.
PYMNTS
JUNE 24, 2016
This week it was Minnesota, and then yesterday Walmart really got warmed up and announced the expansion of their new payments service in: Michigan, Virginia, the Carolinas, Indiana, Iowa, Kentucky, Nebraska, North Dakota, South Dakota, Tennessee, Louisiana, Missouri, Mississippi and Washington, D.C. Online lending .
Abrigo
APRIL 18, 2020
Executive Vice President and Chief Credit Officer Glenda Sorotski said Western States Bank’s customers used an online application for the PPP loans, enabling lenders to process more than they would have been able to if they had relied on paper-based applications and documentation. Lending & Credit Risk. SBA Lending.
South State Correspondent
MAY 9, 2024
and New York had the lowest increases in credit risk, while North Dakota, Iowa, and Minnesota had the lowest volatility and were the most stable. Multifamily, while the actual risk remains low, is increasing in risk by a factor of three due to the continued supply that is coming online this year in most markets.
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