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Food for Thought: A Policy on Credit Exceptions

Abrigo

unsecured lending is bad rather than unsecured lending should only be extended to high pass risk rated credit). Path to removal – Sometimes an exception is like the Hotel California – you can check out anytime you like, but you can never leave. and property tax payments. It just stays on forever.

Policies 195
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Small Biz FinTech Leads Week’s B2B Funding Roundup

PYMNTS

Small business finserv was a popular target this week, with startups securing funding for their SMB banking, lending and accounting tools. Data technology startup Incorta secured $30 million in support from backers at Sorenson Capital, GV, Kleiner Perkins, M12, Telstra Ventures and Ron Wohl, the company said this week.

Fintech 179
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BEC Attacks Surge As Fraudsters Eye Pandemic Opportunity

PYMNTS

Researchers found that furloughed employees are widely reporting that their bosses have asked them to continue to conduct their normal work duties despite being furloughed in order for their employers to secure funding. companies between April and May this year , Abnormal Security data revealed, according to Helpnet Security reports. .”

Fraud 148
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Africa FinTech Leads This Week’s B2B Investments, Breaks Record

PYMNTS

B2B startups in the small business banking, expense management and analytics sectors led this week’s investment roundup, securing more than half of the $108 million raised. But it’s a startup in Africa that not only secured the largest investment round of the week, but set a new record in the process, raising $47.5

Fintech 134
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KYB, Shell Companies And Pot Payments Gone Rogue

PYMNTS

In fact, Cohen used the release of the Panama Papers to drive home the point about the prevalence of tax evasion, money laundering and other financial crimes throughout the world — and the risk to payment services providers who fail to do their proper homework when working with clients, either new or existing ones.

Company 163
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Hot Wheels

Independent Banker

Competition and regulatory risk in car lending race off. Indirect auto lending has played a major role for Security Federal Savings Bank in Jasper, Ala. Today Security Federal Savings’ vehicle-lending portfolio has been reduced to $3 million. Considering exiting auto lending. “We fear this could be a bubble.”

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Hot Wheels

Independent Banker

Competition and regulatory risk in car lending race off. Indirect auto lending has played a major role for Security Federal Savings Bank in Jasper, Ala. Today Security Federal Savings’ vehicle-lending portfolio has been reduced to $3 million. Considering exiting auto lending. “We fear this could be a bubble.”