Abrigo
SEPTEMBER 5, 2023
Finally, while there may be a distinction in the severity of risk of the credit exception, that assessment tends to be inherent in the exception itself rather than the subject of the exception (e.g., unsecured lending is bad rather than unsecured lending should only be extended to high pass risk rated credit).
Abrigo
SEPTEMBER 14, 2022
Financial institutions, fintech companies, and other small business lenders will need to begin collecting a wide array of small business lending data under the Consumer Financial Protection Board’s (CFPB) proposed small business lending data collection rule. California Reinvestment Coalition v. Controversial Provisions.
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PYMNTS
APRIL 2, 2020
Santa Rosa, California-based Redwood Credit Union, for example, found that social data was particularly important when offering auto loans. It is key to risk management functions, which entail assessing the likelihood that any given transaction could be fraudulent or present a credit risk.
PYMNTS
JULY 27, 2020
Davies is leaving Revolut to take over the Allica Bank, which specializes in lending to businesses, according to the FT. In February, Menlo, California-based TCV led a $500 million round. Davies’ exit comes just four days after the London-based operation announced $80 million in new funding.
PYMNTS
MAY 11, 2018
With more than $175 million raised for B2B startups this week, the undoubted winner was a California-based artificial intelligence data analytics company – a sign, the firm noted, of the enterprise’s increasing reliance on AI. Alternative Lending. Check out the latest investment rounds below. CCRManager. Artificial Intelligence.
American Banker
MARCH 4, 2021
The bank must submit a plan for improving its risk management and decreasing its commercial real estate exposure, the Federal Reserve said in an enforcement order.
PYMNTS
OCTOBER 4, 2019
An Egyptian firm landed the MENA region’s largest-ever seed round, a California company proved U.S.-based based alternative small business lending isn’t dead with investors and an India startup landed more than half a billion dollars. See all of the latest B2B fundraises below. ForwardLine Financial.
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