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PayPal Provides $5M In Grants To Support Minority Businesses

PYMNTS

“Through our grants to effective community nonprofits, PayPal is working to support and strengthen Black-owned businesses and catalyze the critical work these organizations are doing to sustain Black-owned businesses and communities now and in the future.”.

San Jose 261
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Blispay Seeks Partnership with Merchant Acquiring Banks

Bank Innovation

Founded in 2014, Baltimore-based Blispay provides point of sale financing for customers of small and medium-sized merchants. EXCLUSIVE — Point of sale financing provider, Blispay is looking at partnerships as its next phase of growth.

Baltimore 170
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Blispay Doubles Merchant Network, Plans New Finance Terms

Bank Innovation

The Baltimore-based Read More. Small and medium-sized merchants, however, don’t usually have that option. Blispay – launched in March last year – is set to tackle that issue, with a solution aimed at SMEs.

Baltimore 150
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After poaching M&T exec, Maryland bank plots next moves

American Banker

Howard Bancorp is planning a big push in CRE lending, first in its hometown of Baltimore and eventually in Washington.

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BofA defends giving priority to customers in rescue-loan program

American Banker

Bank of America, which came under fire for prioritizing applications from existing small-business customers, asked a federal judge in Baltimore to reject a request in a lawsuit to temporarily bar it from employing the practice.

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NCRC Files Appraisal Bias Complaints with HUD and Issues a Related Report

CFPB Monitor

The tests were conducted in the Baltimore, MD metropolitan area in 2021 and 2022 and included four interracial couples—one spouse was Black, and one spouse was White. Require fair lending training in the licensing process for appraisers. Create a more meaningful process for the reconsideration of appraisals.

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The Niche Bank

Jeff For Banks

Me to a community banker: Why don't you offer more options than real estate secured lending to help fund early stage businesses? What I hear most often is that community banks take deposits from people and businesses in their community and lend it to people and businesses in that same community. You read it right: 100%. Seems risky.