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CFPB June 2016 complaint report highlights consumer loan complaints, complaints from Arkansas consumers

CFPB Monitor

The CFPB has issued its June 2016 complaint report which highlights complaints about consumer loans and complaints from consumers in Arkansas and the Little Rock metro area. In addition, in March 2016, the CFPB began taking complaints about marketplace lending and added loans obtained from marketplace lenders to the consumer loan category.

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SoFi To Start Selling Life Insurance

PYMNTS

It now is in mortgages, personal loans, wealth management and, starting soon, insurance. During the past two months, SoFi got licenses in more states, including Arkansas, Florida, Massachusetts, New York and South Dakota. SoFi is considering setting its sights a bit lower.

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Today In B2B: Small PPP Loans Cause Controversy; Bank Profits Sink

PYMNTS

Burton, the founder of a record label in Arkansas, got $78. Porter Capital , which works with accounts receivable (AR) financing and asset-based lending solutions, will provide more funding for businesses in need of extra money from their current Paycheck Protection Program (PPP) funds, according to a press release.

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Southern Bancorp is building wealth for everyone

Independent Banker

Darrin Williams, an attorney and former Arkansas state representative, wasn’t interested when Southern Bancorp, Inc. Relyance is working to increase its mortgage lending but sometimes isn’t able to make loans for some customers. By Judith Sears. Name: Southern Bancorp. Assets: $2 billion. Location: Arkadelphia, Ark.

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Mobilizing Student Loan Disbursements

PYMNTS

Others are looking to additional solutions to solve student lending problems. In a recent interview, Andrew Crawford, head of BankMobile’s disbursements business, claimed the partnership would give students a more convenient way to manage their loan funds and tuition payments. colleges and universities, for example.

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Finovate Debuts: 3E Software’s Teslar is a Toolbox for Credit Management

Fintech Labs Insights

Its lending and credit management tools offer multiple services to track commercial debt. What is unique about the platform, according to CEO Joe Ehrhardt, is that Teslar aggregates multiple tools to offer a cradle-to-grave approach to assist with all phases of loan management. Stats: Self-funded. 100% employee owned.

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Construction loan and delinquency trends in 2023

Abrigo

Construction loans grow, delinquencies flatten in 2023 Construction lending projections look positive according to S&P data from 2022 and 2023. You might also like this webinar, "How to manage a high-performing construction loan portfolio." Construction lending has seen several stumbling blocks over the past few years.

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