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Widening Borrower Protection’s Scope To SMBs

PYMNTS

As online lending platforms proliferate among the SMB borrowing community, however, experts warn that a lack of regulation means these companies rarely publicly reveal interest rates and fees. “We have seen small businesses destroyed by online lending.” “We have seen small businesses destroyed by online lending.”

Lending 136
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Bankers: Five Ways to Use Profitability Data to Move You Forward

Jeff For Banks

On a recent Pennsylvania Institute of CPA podcast , Bob Kafafian from my firm was asked how to use management information. Lending is a risk business, and aside from the provision expense, and net-charge off rate, those loans require equity to support them. It should be part of your capital plan. That's an "E", not an "A".

Data 60
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The social responsibility of banks is to increase profits.

Jeff For Banks

Franklin Financial Services Corporation, parent company for F&M Trust Bank in Chambersburg, Pennsylvania, invests in the Franklin Future Fund, a non-bank investment company that makes venture capital investments in the Cumberland, Franklin, Fulton, and Southern Huntingdon counties. Has social responsibility worked for them?

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The social responsibility of banks is to increase profits.

Jeff For Banks

Franklin Financial Services Corporation, parent company for F&M Trust Bank in Chambersburg, Pennsylvania, invests in the Franklin Future Fund, a non-bank investment company that makes venture capital investments in the Cumberland, Franklin, Fulton, and Southern Huntingdon counties. Has social responsibility worked for them?

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NCR To Buy Payment Processing Firm JetPay

PYMNTS

22) that it will buy Pennsylvania-based JetPay , “a provider of end-to-end payment processing and human capital management solutions,” according to a statement. JetPay ’s services include card acceptance, processing, payroll, payroll tax filing, human capital management services and other financial transactions.

Payments 136
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Fools Rush In: 37 Of The Worst Corporate M&A Flops

CB Insights

The housing bubble bursting that same year had the opposite effect and various penalties and real estate losses relating to Countrywide’s lending practices ended up costing BofA about $40B, all told. In 2007, Daimler sold off 80% of Chrysler to Cerberus Capital Management for $7B. New York Central and Pennsylvania Railroad.

Google 76
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FinDEVr Silicon Valley: Looking Back, Moving Forward

Fintech Labs Insights

Forged strategic partnership with United Capital. Personal Capital ( FD15 ). Teamed up with WooCommerce to help online merchants manage sales taxes. Announced sales-tax accuracy guarantee. Teamed up with fellow alums OnDeck and CAN Capital to form Innovative Lending Platform Association. BehavioSec ( FD15 ).