PYMNTS
MARCH 8, 2016
The CFPB has officially opened up its online forum for accepting consumer complaints geared at those who have experienced issues from online marketplace lenders. The bureau also released a bulletin about the marketplace lending industry and provided tips for consumers who are looking for alternative financing options.
Jeff For Banks
APRIL 12, 2018
When I first read Standards Needed for Safe, Small Installment Loans from Banks, Credit Unions by the Pew Charitable Trusts that encouraged financial institutions to get back into small ticket consumer lending, I thought “what are they nuts!” Ever since we formed our company in 2001, this has been the case. And it wasn’t an anomaly.
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Fintech Labs Insights
APRIL 12, 2024
Long before fintech was a thing (1995), I launched the first, and by most measures the biggest, newsletter during the first two decades of online/digital banking. It was called Online Banking Report and was read by a sizable portion of major industry players. And each January, we ranked all previous recipients into a master list.
Jeff For Banks
JUNE 2, 2023
The old borrow short, lend long strategy. The dot-com bubble recession began in March 2001 and lasted only 8 months. percent of all jobs in 2001 to 11.3 By comparison, non-high-tech industries lost 689,000 jobs between 2001 and 2002 but recovered the lost jobs by 2004. High-tech employment fell from 12.1
PYMNTS
JUNE 2, 2017
Online fraud falls — a LOT: Contrary to popular opinion — and perhaps contrary even to logic — the fraud fight has given a round to the good guys, even if the battle is far from over. Online fraud is down 34 percent, overall, at the end of Q1 2017 versus a year ago. percent annually through 2020, to top $8.1 trillion that year.
CB Insights
DECEMBER 4, 2019
Through trial and error, the company has set up key financial pillars across payments, cash deposits, and lending. Today, Amazon Pay has evolved to include a digital wallet for customers and a payments network for both online and brick-and-mortar merchants. Table of Contents: Amazon’s product strategy. Closing thoughts.
Fintech Labs Insights
FEBRUARY 2, 2021
But given it’s position as powering alternative energy lending at the POS, it seemed to be more the former. To qualify, a company must have been founded in 2000 or later and have its primary business related to financial services including banking, savings, lending, investing, insurance, wealth management, SMB accounting and payroll.
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