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Dodd/Frank-CFPB: Small Business Lending Data Collection Rule

Abrigo

Data collection for small business lenders Financial institutions, fintech companies, and other small business lenders will need to begin collecting a wide array of small business lending data under the Consumer Financial Protection Board’s (CFPB) proposed small business lending data collection rule. Proposal Issued. securities credit.

Lending 195
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Online Lending And A Tale Of Two Fed Studies

PYMNTS

Online consumer lending – in a variety of forms – has grown explosively over the last decade. In 2010, digital lenders originated $249 million in unsecured personal loans, and by 2016 that number had grown ninety-fold. So how did one branch of the Fed end up on such a different page from their counterparts?

Study 101
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A Decade On, Lending Transformed By Crisis And Innovation

PYMNTS

And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. But a standstill in the credit markets created a vacuum for a bit, at least along traditional lending conduits. Mortgages and Credit Cards and Student Debt…. Mortgages ?

Lending 148
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Personal Loans Are The Fastest-Growing Lending Category

PYMNTS

As a consumer lending category with the fastest growth, outstanding balances for personal loans jumped by about 18 percent to $120 billion in the first quarter. A lot of credit goes to the FinTech lenders for reinvigorating a loan category that’s been around forever,” Jason Laky, TransUnion ’s consumer-lending business lead, told Bloomberg.

Lending 110
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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Stripe really did come about because we were really appalled by how hard it was to charge for things online.” — John Collison.

Online 98
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iZettle Scores $63M For SME Financial Services

PYMNTS

In addition to the funds, iZettle also announced its new CFO, Maria Hedengren, who joins the company from online gaming company NetEnt, according to reports. IZettle has expanded its presence across Europe and Latin America since its 2010 launch and has similarly introduced new services for its SME clients.

America 100
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Reports of Small Business Lending’s Death are Greatly Exaggerated

Celent Banking

In the FinTech space, much of the focus is on consumer-oriented solutions like Mint for financial management, Venmo for P2P payments, and Prosper for social lending. Many of the top FinTech companies—Square for card acceptance, Stripe for e-commerce, and Kabbage for business loans, have gained prominence serving primarily small businesses.

Report 100