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Bad Actors Emerge in PPP Lending – More Expected as Forgiveness Guidance Emerges

Abrigo

As the initial rush to secure PPP loans dies down, financial institutions now face a new set of questions: How do financial institutions handle misused, unforgiven loans and fraudulent loans? Stay up-to-date on the latest updates to PPP loans and guidance by visiting Abrigo's PPP Lending Resource page. Lending & Credit Risk.

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Boston Fed Takes On Cyber Risks, FinTech Competition

PYMNTS

Federal Reserve Bank of Boston President Eric Rosengren delivered a speech yesterday (April 4) at the bank’s 2016 Cybersecurity Conference highlighting the economic and cyber risks financial institutions are facing today. However, this rapid evolution generates risks,” Rosengren said.

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Stifel Launches Lending Unit For Startups And Their Investors

PYMNTS

has announced the launch of a venture banking and lending business to provide debt capital financing and commercial banking solutions to growth companies and their investors. Stifel offers senior secured loans up to $40 million for working capital and growth capital needs. Stifel Financial Corp.

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Fed Releases Main Street Program Lender List

PYMNTS

The Federal Reserve Bank of Boston issued a state-by-state listing of lenders accepting applications from new business customers for the Main Street Lending Program on Wednesday (July 8). To participate in the program, lenders must register using the program’s lender portal , which provides secure access and verification.

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Today In Payments: $50B In Crypto Moved Out Of China; Uber Health To Deliver Meds

PYMNTS

Jim Cunha, senior vice president of secure payments and FinTech at the Federal Reserve Bank of Boston, tells Karen Webster why the Fed is working with MIT to explore digital dollars. The Main Street Lending Program is not exactly lighting a fire under mid-sized businesses to apply or banks to lend.

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Strategies for fighting remote authentication fraud

Independent Banker

Here, a fraudster obtains a legitimate user’s details to take over their online accounts, enabling the theft of money or a credit card, according to Marianne Crowe, vice president in the Secure Payments Innovation and Research group at the Federal Reserve Bank of Boston. The best defenses against fraud. Education as an anti-fraud tool.

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SoFi-Social Capital Merger Will Fuel Growth Of One-Stop-Shop Financial Supermarket

PYMNTS

billion, and also expanded internationally by purchasing Hong Kong-based investment app 8 Securities. The Path Of The Neobank Supermarket. Earlier this year, SoFi acquired payments firm Galileo for $1.2

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