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CA Denies Lending License For BNPL Firm Sezzle

PYMNTS

Sezzle — a “buy now, pay later” (BNPL) company based in Minnesota, but listed in Australia — was denied a crucial lending license from California. Afterpay released a statement confirming approval of its own California lending license six weeks ago, upping its shares by 4.6 The company offers U.S. ”

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Credit unions continue to see growth in auto lending

Abrigo

Overall auto lending at credit unions is up more than 30 percent in recent years, a positive sign that CUs remain competitive in an evolving banking landscape. Utilizing the Sageworks Bank Information platform, Sageworks recently examined how steadily auto lending at credit unions – specifically for new vehicles – grew in 2014.

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Global real rates, 1311–2018

BankUnderground

The yellow and blue series display the new “global” data in nominal and real terms: these have to be constructed from a wide array of scattered archival and printed sources, and should be thought of as a DM public long-term debt series that incorporates both consolidated and unconsolidated voluntary lending across the full risk spectrum.

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The Top 20 Venture Capitalists

CB Insights

Operating Location: San Francisco, CA. Operating Location: San Francisco, CA. Operating Location: Menlo Park, CA. Operating Location: San Francisco, CA. Operating Location: Menlo Park, CA. Operating Location: San Francisco, CA. Current Firm: Benchmark. Current Firm: Sequoia Capital. BRIAN SINGERMAN.

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The Battle Begins: Banks Take On Online Lending Rivals

American Banker

Are big banks too lumbering to be real competitors to online lending startups? Goldman Sachs, Wells Fargo and Quicken have all entered the digital lending business, putting early entrants on the defensive. We're about to find out.

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A Lending Boom at Banc of California

American Banker

Banc of California's second-quarter profits soared on stronger lending and credit quality. billion-asset company increased net income 66% from a year earlier to $26.5 million, it said in a news release Thursday.

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Schwab, BBVA Compass, Mechanics Bank Invest in Nonprofit Lender

American Banker

Charles Schwab Bank, BBVA Compass and Mechanics Bank are among the latest investors in a California microfinance firm that specializes in small-business lending.