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Online lending summit speakers discuss SPNB charters, CFPB trial disclosure policy, alternative data

CFPB Monitor

At the Online Lending Policy Institute’s (OLPI) annual summit in Washington, D.C. earlier this week, the OCC’s recent decision to accept applications from non-depository financial technology firms for a special purpose national bank (SPNB) charter was the focus of considerable discussion.

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The Bank Legacy Is Dead: Long Live the Fintech Collision

Gonzobanker

It’s been a long two years since bankers and investment bankers nationwide made their annual pilgrimage to the Arizona desert for the Acquire or Be Acquired conference – and ohhh man, a completely different world has emerged since the January 2020 get-together! Let’s put COVID aside for a minute. price/book multiple.

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FI Highlight: Vantage West Credit Union

Banking 2020

Jill discussed VWCU’s ongoing partnership with University of Arizona’s football organization and how their recent online video campaign has increased engagement with the local community. billion financial institution in Arizona, which serves a growing membership of 130,000 members. Vantage West Credit Union is a $1.3

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Oportun Personal Loans Review: For Borrowers With No Credit

MyBankTracker

APRs are lower than predatory lending options. While the loans are very expensive, they offer a middle ground between traditional loans and potentially predatory payday lending. You can receive the money in the following ways: mailed check prepaid debit card direct deposit to your bank account Reporting the Loan to Credit Bureaus.

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Reverse Trend

Independent Banker

Community banks, which will continue to face a growing number of senior customers with everyday cash needs and built-up home equity, should explore this niche lending opportunity, two community bankers providing these specialty loans suggest. Yet Ardesson says he is the only banker based in Arizona that he knows of making reverse mortgages.

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Finovate Alumni News

Fintech Labs Insights

Bizfi expands its business lending capabilities through a new partnership with InterNex Capital. Passport acquires Arizona-based mobile parking payment startup ParkX. InComm expands partnership with Target Australia to offer gift cards in stores and online. The post Finovate Alumni News appeared first on Finovate.

Arizona 12
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Fintech Fundings: 15 Companies Raise $51 Million Week Ending Dec 25

Fintech Labs Insights

HQ: Scottsdale, Arizona. Mobile & online payments. Mobile bank/card. Tags: Consumer, prepaid debit card, neo-bank, challenger bank, mobile, AXA (investor). Source: Crunchbase. Prestiamoci. Person-to-person consumer lender . Latest round: $2.2 million Series. Total raised: $3.5 HQ: Milan, Italy. Source: Crunchbase.

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