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Mastercard Commits $500M To Boost Black Communities, Businesses

PYMNTS

Mastercard said it will invest $500 million in Black communities across the U.S. We have an obligation … to be part of the positive change Black communities so rightly need now," said Ajay Banga , Mastercard CEO. "We Louis and Dayton, Ohio. over the next five years in a bid to address racial disparities in financial services.

Community 282
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The math behind small business lending: Problems & possibilities for banks & credit unions

Abrigo

Recent dynamics of the small business lending market A deep understanding of the small business lending landscape and potential efficiencies can help banks and credit unions grow their portfolios. You might also like this guide for smarter, faster small business lending. Record new business formation and a wider gap between U.S.

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Accessible Financial Services Incubator

Filene

According to the St. Louis Federal Reserve, there are now more than 20,000 payday lenders across the country—which tops even the ubiquitous McDonald’s storefront by roughly 40%. In its Payday Lending in America series, the Pew Charitable Trusts reports that Americans spend roughly $7.4

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Fintech Fundings: 24 Companies Raise $440 Million Week Ending May 21

Fintech Labs Insights

It was a broad mix of sub-sectors, from crypto (Ripple) to lending. Tools and programs for alt-lending to businesses. Card-linked rewards & offers. Online network for private equity community. Tags: lending, lead gen, SMB. This week, 24 companies raised $444 million ($359 million equity, $85 million debt).