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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

Small business lending is also a prominent line of business for many financial institutions, especially those driven by a mission to help their communities thrive. While small business loans inherently benefit business owners, they also benefit communities, according to 2021 research for the SBA. Louis Fed : [S]mall-business loans—i.e.,

Lending 195
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The math behind small business lending: Problems & possibilities for banks & credit unions

Abrigo

Small business lending is also a prominent line of business for many financial institutions, especially those driven by a mission to help their communities thrive. While small business loans inherently benefit business owners, they also benefit communities, according to 2021 research for the SBA. Louis Fed : [S]mall-business loans—i.e.,

Lending 243
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Sam?s Club Takes On Convenience In Age of Amazon

PYMNTS

This site will carry a limited number of items focused on the community,” said Jamie Iannone, the chief executive officer of SamsClub.com and executive vice president of membership and technology, in an announcement. Instead, the warehouse will focus on a smaller assortment of offerings, such as prepared foods.

St. Louis 109
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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%. The Trust Card—a debt consolidation credit card with a financial coaching component.

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

Fintech Labs Insights

Card-linked rewards & offers. Online network for private equity community. Louis, Missouri. Tags: Prepaid cards, gift cards. Source: NFC World. EDO Interactive. HQ: Nashville, Tennessee. Latest round: $20 million. Total raised: $93.5 Source: FT Partners. Fraud protection solutions for the enterprise.