PYMNTS

SEPTEMBER 7, 2020

The nation’s banks are anxious about getting loans repaid that are secured against empty office buildings, hotels and malls. Buffalo’s M&T Bank has seen the largest increase in criticized loans because nearly 40 percent of its loans are in CRE, mostly in New York City. This just can’t be open-ended.”.

New York City 259

New York City Lending New York Florida 259

PYMNTS

DECEMBER 28, 2020

Cryptocurrency lending platform Vauld raised $2 million to expand into full banking services, including issuing credit and debit cards and providing fiat and crypto order books, CoinDesk reported. In other news, the U.S. The SEC filed its complaint against Qin and Virgil Capital in the Southern District of New York on Dec.

Capital 175

Capital Security cryptocurrency Fraud 175

PYMNTS

APRIL 13, 2018

Small business lending platform Kabbage is making plans to acquire Orchard Platform Markets, a provider of lending data and services. Founded in 2013, New York-based Orchard initially provided Wall Street firms with data on the marketplace lending sector. Both companies declined to comment. billion.

Lending 108

Lending Data Marketing New York 108

PYMNTS

JUNE 12, 2018

In the early days of online lending, the big appeal was access to funds for potential borrowers with few, if any, options for securing capital. The move comes in the face of growing evidence that the loans they have sold and secured have not quite performed up to par. ” Will those securities pay?

Lending 116

Lending Security Philadelphia Dallas 116

Abrigo

DECEMBER 18, 2023

Critical capital Should CRE lending be off the table? Recent headlines may lead bankers to believe that shunning commercial real estate lending is the safest path to limit or avoid credit risk, given stresses on CRE and regulatory concerns. But that might not be the best move for your financial institution or your community.

Risk Management 221

Risk Management Management Lending Capital 221

PYMNTS

JANUARY 23, 2020

The net effect will be that it may be harder for many Americans to qualify for loans — in an age, we note, where debt levels and personal lending have been on an upswing. Those changes tended to lift scores higher — and of course, the higher the FICO score, generally speaking, the easier it is to secure a loan. 23), Fair Isaac Corp.,

Lending 130

Lending New York Cards Report 130

Bank Innovation

JANUARY 26, 2020

New York City-based Grasshopper Bank is geared toward startups, with a focus on pain points for founders. Grasshopper opened in May 2019 after securing FDIC and OCC approval, a rare distinction for a digital-only bank.

New York City 243

New York City FDIC New York Innovation 243

William Mills

MAY 18, 2023

The two-day show remained in New York, gathering a good crowd of fintechs, venture capitalists, banks, credit unions, media and influencers. In 2022, the show launched its transition from LendIt into a namesake focused on industry connections.

Fintech 71

Fintech New York Lending Industry 71

PYMNTS

APRIL 26, 2017

Online lending as a business model has taken some lumps over the last several months, with Lending Club (and investors) only the most visible casualty of alleged fraud. As for questions surrounding the viability of these online lending platforms, as posited by Webster, Moore said the model exists as one that is here to stay.

Lending 101

Lending New York City Online Fraud 101

Bank Innovation

MARCH 16, 2016

Millennials hate credit — but a new service called Lenny is out to change that. It will reach Texas, Florida and New York in the next 10 to 12 months, according to the company, which claims that, in less than three Read More. Lenny is meant for mobile (of course) and launched today in California.

Millennials 150

Millennials Mobile Florida Lending 150

PYMNTS

JULY 14, 2020

In addition to its core POS lending business, Affirm branched out into financial services in June, debuting a high-yield savings account called Affirm Savings. In May, the New York-based FinTech cut a deal with payments platform Stripe , giving consumers more credit to access at checkout. The account comes with 1.30

Lending 130

Lending FDIC Minneapolis Utah 130

PYMNTS

SEPTEMBER 17, 2020

Securities and Exchange Commission (SEC). The company has determined not to pursue a public offering of the securities covered by the registration statement at this time,” LoanDepot wrote in its filing. As a result, it appeared LoanDepot was poised to sell shares below its target price, the news service reported.

San Francisco 160

San Francisco New York Lending California 160

PYMNTS

AUGUST 2, 2020

But the New York consulting firm was on its own because Capital One wasn’t prepared to accept applications for the Paycheck Protection Program (PPP) when it launched. a New York-based startup bank that launched last year. in Denver after the smaller lender secured a $90,000 PPP loan, WSJ reported.

Minneapolis 173

Minneapolis Denver New York Capital 173

PYMNTS

AUGUST 5, 2020

Rocket Companies, the parent of mortgage lending giant Quicken Loans , reduced its terms to go public, Bloomberg reported. billion and offered 150 million shares for $20 to $22 each, according to a filing with the Securities and Exchange Commission (SEC). Last month, Gilbert sought an IPO for $3.3

Cleveland 233

Cleveland Detroit New York Company 233

PYMNTS

JUNE 8, 2016

Well, one can say this much for Lending Club : For whatever difficulties it seems to have keeping paperwork straight and investors on its platform at present, it sure knows how to keep things interesting in payments and commerce. Going into the news today, the struggling online lending platform doesn’t bring just one story to the cycle.

Lending 100

Lending Meeting New York Online 100

Independent Banker

JUNE 30, 2022

Here, we highlight some of last year’s most successful loan producers in the areas of agriculture, commercial and consumer/mortgage lending. The score combines the average of the bank’s percentile rank for lending concentration and for loan growth over the past year in each lending category. By Ed Avis. Methodology. AGRICULTURE.

Community Bank 172

Community Bank Community National Philadelphia 172

PYMNTS

NOVEMBER 15, 2019

House Financial Services Committee has voted in favor of banning a controversial practice in small business lending, The Washington Post reported Friday (Nov.15). In a 31-23 vote, the policymakers voted in favor of prohibiting the use of confessions of judgment in small business lending contracts. Roger Marshall of Kansas. “We

Washington 109

Washington Kansas New York Ohio 109

PYMNTS

AUGUST 21, 2020

Publishers’ Letter Spotlights ‘Apple Tax’ – and Digital News Delivery. Several publishers – including The New York Times and CNBC – petitioned Apple’s CEO Tim Cook to offer a commission structure similar to the one given to Amazon. New Report: How Behavioral Analytics Help FIs Block Fraud at the ITM.

cryptocurrency 159

cryptocurrency Maine Boston Analytics 159

PYMNTS

NOVEMBER 16, 2018

Small business credit analysis company PayNet is linking up with a community bank to streamline SMB lending for the institution. In another statement, BNB Bank EVP and Chief Lending Officer Kevin L. ” Analysis has also found that community banks are playing a larger role in small business lending. .”

Community Bank 134

Community Bank Community Lending Analysis 134

PYMNTS

AUGUST 16, 2019

15) that it will launch regional commercial banking operations in New York and Los Angeles in an effort to grow its corporate client base and connect existing business customers in the markets with its senior banking professionals. The bank announced Thursday (Aug. The bank is targeting the middle-market and niche clientele, it noted.

Los Angeles 101

Los Angeles New York FDIC Lending 101

PYMNTS

JULY 24, 2020

Venture capital is no guarantee in times of market volatility, but this week’s B2B venture capital breakdown finds several companies managing to secure millions for solutions that enable B2B eCommerce, financial management and alternative lending. but also operates in Russia and New York. ”

Capital 160

Capital Lending Operations Software 160

PYMNTS

JUNE 6, 2016

The drama surrounding online lenders — who they lend to, when, how and at what rates — continues. The agency, the New York Department of Financial Services, sent the letter to lenders that included Prosper, Funding Circle, Avant, Upstart and a host of others, according to an unnamed source.

Online 100

Online New York Lending Regulation 100

PYMNTS

AUGUST 7, 2020

following its debut on the New York Stock Exchange on Thursday (Aug. the Detroit-based parent of mortgage lending giant Quicken Loans, reduced its bid to go public to $2 billion. Shares of Rocket Cos. percent to $21.51 6) under the ticker “RKT,” after opening at $18.00 a share, the same as its IPO price. “If On Wednesday (Aug.

Detroit 160

Detroit Wisconsin New York Company 160

PYMNTS

SEPTEMBER 27, 2020

Lightyear Capital , the New York-based private equity firm working in the fields of financial services, has established ProfitSolv to acquire integrated solutions for billing, payments and software services, a press release says. ProfitSolv has been focused on acquiring firms in fields such as consulting, architecture and engineering.

Payments 160

Payments Software New York Capital 160

PYMNTS

JUNE 18, 2019

The New York state legislature will rule this week whether to move forward with a borrower protections bill for small businesses (SMBs), as allegations of predatory practices by merchant cash advance firms raise new concerns about mistreatment of small business borrowers, The Washington Post. Earlier this year, the U.S.

New York 118

New York Washington Industry Capital 118

Abrigo

JUNE 5, 2023

Data-driven decisions for managing financial institution risk while driving growth and increasing efficiency are especially important given the recent failures of Silicon Valley Bank, First Republic Bank, and Signature Bank of New York. Visualizing the institution’s lending footprint can lead to improved targeting of growth areas.

Report 195

Report Risk Management Capital Data 195

PYMNTS

MAY 31, 2019

Speaking at an investors conference in New York, the executive said he was “not convinced” that faster payments “are going to take off like crazy. The company said it hired an independent security forensic company to make sure there wasn’t access to sensitive customer data. PayPal Hits $10B SMB Lending Milestone.

Lending 122

Lending Payments Apple social media 122

PYMNTS

MARCH 6, 2020

A lull in venture capital funding has only a few B2B FinTechs this week securing new investment rounds. In the meantime, PYMNTS gathered up a shortlist of the B2B FinTechs that were able to secure new funding as backers prepare for their next wave of support. and hoping to expand into Europe. At the same time, the U.S.

Capital 202

Capital Fintech New York City Security 202

PYMNTS

JANUARY 22, 2020

Among the biggest benefits of virtual cards in the B2B travel arena is security, she said, adding that virtual card technology enables managers to define and set controls on spend limits based on price, category and more, while boosting visibility into transactions. NY Labor Department Secures Payroll Card Win.

Cards 131

Cards New York Lending Strategy 131

PYMNTS

JULY 24, 2019

New York’s Department of Financial Services (DFS) has launched a new Research and Innovation Division that will be responsible for licensing and supervising virtual currencies. Security researchers Noam Rotem and Ran Locar discovered the database and reported their findings to TechCrunch.

Regulation 108

Regulation Bitcoin New York Online 108

PYMNTS

JANUARY 24, 2019

The database, which is believed to have been exposed for two weeks, was discovered by independent security researcher Bob Diachenko. Reporters were able to find out that the vendor mentioned is New York-based OpticsML. Unfortunately, the server wasn’t password protected, giving anyone access to the documents.

Taxes 155

Taxes New York Security Data 155

PYMNTS

SEPTEMBER 4, 2020

The company said it would use the investment to expand its product features with a focus on its automated lending infrastructure, and noted it will now include ACH processing in its offering. Honcho plans to deploy the investment towards new hires and invest in its product roadmap. Cloudentity.

New York City 151

New York City Capital Colorado Software 151

PYMNTS

FEBRUARY 7, 2020

New York Stock Exchange owner International Exchange (ICE) said it is not going to pursue plans to purchase eBay, after ICE shares slid dramatically at the news and the company lost $5 billion in market value. Mastercard: Why A Truly Connected Economy Needs A New Security Paradigm. PYMNTS has updates.

Payments 130

Payments Regulation New York Survey 130

Abrigo

APRIL 23, 2020

Despite concerns that hundreds of thousands of applications from lenders are already queued up and will gobble up new funding immediately, Lara-Figueroa said that is not the case. All of the [lenders] are in a holding pattern, but it will be like rush hour in New York or Los Angeles. Lending & Credit Risk. Learn More.

Lending 221

Lending Los Angeles North Carolina Community 221

American Banker

FEBRUARY 17, 2021

The move will force the Pennsylvania company to report a bigger loss for its fiscal fourth quarter and restate its annual report with the Securities and Exchange Commission.

New York 34

New York Pennsylvania Security Report 34

PYMNTS

JANUARY 23, 2019

In a press release issued Tuesday, Swift Prepaid said it will integrate its prepaid services to enable Bitty small business customers immediate access to virtual funds after they secure a merchant cash advance. The funds can then be uploaded to a mobile wallet, including Apple Pay, Samsung Pay and Google Pay.

Samsung 162

Samsung New York Branding Apple 162

PYMNTS

AUGUST 12, 2019

During a Senate hearing at the end of July focused on the Secure and Fair Enforcement (SAFE) Banking Act , chairman and Sen. A bit closer to home, the New York State Department of Financial Services (NYDFS) has stated that it will lead a multi-state investigation into alleged violations of state regulations of the short-term lending industry.

Puerto Rico 128

Puerto Rico New Hampshire New York Regulation 128