South State Correspondent
MAY 23, 2023
Lending is getting riskier. This data is critical for pricing, capital allocation, and marketing. As can be seen, the consumer is starting to feel the credit shock first while commercial lending is still performing. Minnesota, North Dakota, and Iowa were the least risky states to lend into. This quarter, it is 2.58%.
PYMNTS
NOVEMBER 13, 2018
Alloy’s Julieann Thurlow, CEO of Reading Cooperative Bank, said, “Community banks play a special role in the lives of our customers, but we don’t have the same IT and innovation budgets as the big banks to capitalize on that relationship.” This time around, Sweetbridge is using blockchain in a lending context.
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PYMNTS
MARCH 21, 2019
The latest move raises Aura’s raised capital amount to $403 million through 21 bond issuances, a number that has helped to fund 283,469 loans. who simply don’t have access to safe lending and are susceptible to predatory lenders. James Gutierrez, CEO and founder of Aura, said the capital will help further the company’s mission. “We
PYMNTS
MAY 29, 2019
Valued at $150 million, Lambda has seen investments from the likes of Bedrock Founder Geoff Lewis, along with Google Ventures, GGV Capital, Vy Capital, Y Combinator and actor Ashton Kutcher. On the startup side, the best-known and best-funded player in the space is the Lambda School , founded in 2017.
Abrigo
JANUARY 15, 2015
In the spirit of the go local movement, new data from Sageworks Bank Information peeked in on 10 cities to see which community banks were making an impact on local mortgage lending. • Phoenix, Arizona – Arizona Bank & Trust ($102 million). Flagstar capitalizes on going local, too. banks and credit unions.
CFPB Monitor
AUGUST 7, 2018
On August 3, 2018, Arizona began accepting applications for its regulatory sandbox that “enables a participant to obtain limited access to Arizona’s market to test innovative financial products or services without first obtaining full state licensure or other authorization that otherwise may be required.”
CFPB Monitor
OCTOBER 11, 2018
At the Online Lending Policy Institute’s (OLPI) annual summit in Washington, D.C. Gardineer raised concerns about the application of bespoke capital, liquidity, and risk management requirements for SPNB charter applicants. Questions directed at Ms.
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