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FinTech Pressures FI Giants To Strengthen SMB Lending In Mexico

PYMNTS

Some of the largest global financial institutions are taking steps further into Mexico’s small business lending and finance space, the result of heightened competitive pressure imposed by FinTechs and alternative lenders in the market, reports in the Wall Street Journal said Thursday (March 14). ”

Lending 189
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SMBs Enter 2019’s Final Quarter With Plate Full Of Concerns

PYMNTS

The latest data also hints at the possibility banks may be feeling skittish about lending to small and medium-sized business (SMB) customers. Although hiring slowed in September, small businesses continue to remain optimistic and have even reported some significant benefits resulting from late-2017’s tax reform. 76 percent of U.S.

Survey 134
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Can The US Follow China’s COVID Comeback?

PYMNTS

The Chinese retail economy is on the comeback trail, lending optimism to the thinking that the U.S. Earlier this week the Chinese National Bureau of Statistics announced that August retail sales rose for the first time this year by 0.5 percent from 2019, while industrial production expanded 5.6 percent against a forecast of 5.1

US 154
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Retail Crisis In U.S., U.K. A Fizzle For 2020?

PYMNTS

A bit closer to home, 2019 marked a record year in the U.S. — National Returns Day : The dawn of the new year heralds a spike in returns of unwanted gifts. But online lending companies are seeing a surge in digital loans — up 19 percent year over year in 2019. The retail sector is among the largest employers in the U.K.,

Retail 131
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Time Tried, Panic Tested. The Forgotten Story of the First National Bank of Keystone

Jeff For Banks

The bank, First National Bank of Keystone, was $1.1 billion in assets, had 87 full-time equivalent employees, and accounted for two-thirds of the town's tax revenue. And so went the birth of First National Bank of Keystone's meteoric rise. Nationwide lending! Clearly, blue-suit regulators stood out. They kept some.

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Industry Trade Groups Respond to FHFA Request for Input on PACE Transactions

CFPB Monitor

FHFA describes PACE transactions as being part of residential energy retrofitting programs that are created through special state legislation and result in the financed part of the transaction resulting in a tax assessment on the home, which is a ‘‘super-priority lien’’ over existing and subsequent first mortgages. (As

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Power2SME Says Demonetization Forced IPO Delay

PYMNTS

Alternative small business lender Power2SME says small businesses’ loan payment times doubled overnight following India’s demonetization efforts, highlighting the impact of going cashless on the nation’s entrepreneurs and, consequently, the SMB finance market. “A lot of money went out of the system,” he said.

Taxes 100