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JPMorgan, Other Big Banks Front-Load $66B To Cover Bad Loans

PYMNTS

Some are more exposed to credit card debt and lending to oil and gas companies. banks have stopped lending as much to European businesses as well, showing the home bias that is expected during a financial crisis. European banks, by comparison, have earmarked $11.5 However, U.S. billion for the effort.

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The Final CFPB Prepaid Card Rule Is Here (Expect Controversy)

PYMNTS

The use of prepaid cards has exploded over the last decade or so — in 2003 consumers put less than $1 billion on prepaid cards annually, but by 2012 that figure had grown to $65 billion and by 2018 that figure is projected to reach as much as $121 billion. The user base of prepaid cards has grown significantly as well.

Cards 189
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The LatAm Fintech Market Map: 75+ Companies Disrupting Banking, Financial Services

CB Insights

Latin America fintech companies are creating solutions aimed at rethinking banking, lending, and payments in the region. Note that the market map is illustrative, and not exhaustive of companies in the space. PayClip offers PoS payments solutions (such as a mobile card reader) and has raised $46M. Track LatAm fintech companies.

Company 65
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America’s Daunting Debt Picture

PYMNTS

household debt could hit $4 trillion primarily in the form of credit cards and auto loans, which have been steadily climbing. By itself, that’s not terrible news: Debt is a tool — one that many consumers had been locked out of for several years following the recession as banks pulled back their lending to all put the most prime of customers.

Lending 108
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CFPB flags new issues in latest credit card review; Ballard Spahr to conduct April 13 webinar

CFPB Monitor

The CFPB has issued another request for information about the credit card market that identifies significant new issues of CFPB interest. The request is intended to inform the CFPB’s biennial review of the credit card market mandated by the CARD Act. Third-party comparison sites. Culhane, Jr. Innovation.

Cards 68
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Digital Lending & The Biggest Conference Bankers Aren’t Attending

Gonzobanker

The annual LendIt conference was held last month at Times Square in New York City and GonzoLender descended boldly on the scene to evaluate the mysterious underbelly of digital lending. The lending attack on community banks and credit unions has been waged. LENDING VERTICALS. peer-to-peer or Marketplace) and lending vertical.

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America’s Expanding Debt Footprint (And What It Really Means)

PYMNTS

And not just one branch of underwriting — for a short while there, it seemed like all of it had hit Game Over status — with consumers; SMB and even enterprise-level lending slowed to a near stop. Debt, Kapfidze noted, is up over a trillion dollars in the last decade, as the market has recovered and shot past its previous highs.