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State RegulatorsĀ Investigate Payday Advances

PYMNTS

The New York State Department of Financial Services (NYDFS) has announced it will lead a multi-state investigation into alleged violations of state regulations of the short term lending industry, specifically in the area of payroll advances. Many people living paycheck to paycheck already make more than median income.ā€.

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Fintech Fundings: 9 Companies Raise $73 Million Week Ending Dec 31

Fintech Labs Insights

It is unlikely we’ll see that much in 2016, but the fintech sector is vast, and there are fascinating opportunities for newcomers and existing brands alike. HQ: Shelton, Connecticut. HQ: Trieste, Tags: SMB, credit, lending, trade financing, underwriting, commerce. Person-to-person lender . Total raised: $46 million.

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Partnerships, Pivots And Bookended Data Breaches

PYMNTS

But it seems Goldman has decided to at least start trying by introducing the world to Marcus ā€” their new online lending platform “for the masses.” Goldman has also begun offering savings accounts under the GS Bank brand ā€” and itā€™s not clear if the two business lines will be merged in the future.

Data 100