South State Correspondent
MAY 23, 2023
Lending is getting riskier. As can be seen, the consumer is starting to feel the credit shock first while commercial lending is still performing. The operative question is when commercial PODs will show a spike. Minnesota, North Dakota, and Iowa were the least risky states to lend into. This quarter, it is 2.58%.
PYMNTS
MAY 29, 2019
In an income share agreement, the entity supplying the funds isn’t lending the borrower money, but investing in a worker’s future earnings with the hope of a return. Moreover, he noted, because it is unclear if the business model is subject to state lending laws, it is also unclear if Align even needed his permission to operate in Arizona.
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Independent Banker
JANUARY 31, 2023
Scottsdale Community Bank is the first new community bank in Arizona in 14 years, and it already has the capacity to make more than $100 million in loans. The technology it uses allows it to maximize efficiency while minimizing costs in its operations. The $28 million-asset community bank in Scottsdale, Ariz.,
PopularBank
APRIL 3, 2024
The so-called “forgotten middle” has been a hot topic for many owners and operators as they look to enhance the options with independent housing and assisted living, hoping to help those trapped in the middle gap. As part of that plan, owners and operators should work with their lender on the following considerations.
PYMNTS
SEPTEMBER 17, 2019
While short-term lending in general has a pretty rough reputation, the pawn loan is the most ill-regarded arena in an already unloved category of consumer lending. The loan amount a borrower can get from a pawnbroker is determined solely by the value of the item itself; as in most forms of short-term lending, there is no credit check.
Bobsguide
FEBRUARY 22, 2022
The core transformation program, titled “FutureCore,” is divided into phases and Consumer Lending for the 7 affiliate banks is the first phase to go live, with other phases to follow. The completion of this consumer lending installation represents our first step toward having a fully integrated core loan and deposit system.
CFPB Monitor
NOVEMBER 8, 2018
As described on the Colorado Secretary of State’s website , Proposition 111 “would restrict the charges on payday loans to a yearly rate of 36 percent and would eliminate all other finance charges and fees associated with payday lending.”. The other states to have done so are South Dakota, Ohio, Arizona, and Montana.
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