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Today In Data: Holiday Weekend Sales And SMB Lending

PYMNTS

3 billion | Amount that Amazon Lending has lent to SMBs since the program’s launch in 2011, with borrowers primarily from the U.S., 4,500 | Prize to be awarded to one ModCloth social media contest winner for his or her contributions to humanity. 60 percent | Portion of Singapore’s national spend done through payment cards.

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Fintech Deals to Watch: Back to School

Gonzobanker

Thankfully, there was still a smartphone and social media to commiserate. Lending Tech With Almost Steady Grades (Even With Rough Semesters). Then, bad grades came in right as summer party season kicked off, mom and dad took away the car and credit card, and the Venmo transfers came to a screeching halt.

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Small Business Rescue Program Faces Tech Challenges

PYMNTS

In addition, community bankers shared their frustrations on social media about not being able to get into the system and modifications to the form. People took to social media to complain about how they were sent away by BoA, and how other FIs weren’t yet taking applications. More than 85,000 people asked for $22.2

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Credit Unions Shun Online Ads For Content To Acquire Customers

PYMNTS

The social media site faced accusations that its ad-targeting platform — which allows ad buyers to select what demographic groups they want to target with their advertisements — was allowing and encouraging financial institutions (FIs) to violate non-discrimination provisions of the Fair Housing and Truth in Lending Acts.

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Facebook Class Action Filed Claiming Discrimination by Financial Services Advertisers

CFPB Monitor

The lawsuit comes seven months after Facebook agreed to change its targeting advertising system in order to settle lawsuits involving allegations that employers, landlords and lenders were allowed to discriminate through advertisements targeted to certain age, gender, regional and ethnic groups.

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Rethinking The SME Loan Underwriting Model In Southeast Asia

PYMNTS

In a recent conversation with PYMNTS, Raghav Mathur, head of data science and analytics at Singapore-based Grab Financial Group , discussed the opportunities in data technology that can address the region’s most pressing SMB lending needs. Improving The SMB Lending Experience. Asymmetric Information Exchange.

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Facebook Faces Billions In Possible GDPR Fines

PYMNTS

As reported, the social media giant was hacked through a vulnerability in the Facebook source code, which gave the attackers the ability to steal access tokens, which they in turn used to keep Facebook subscribers logged in. That document focuses on budgets and regulatory efforts across the region. Crypto Regulations.