Cards, Compliance, Illinois and Lending

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Illinois

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Illinois regulator issues proposed Predatory Loan Prevention Act regulations; lawsuits filed to block implementation of Act’s database reporting requirement and for declaration Act does not apply to pawn transactions

CFPB Monitor

JUNE 14, 2021

In March 2021, Illinois Governor Pritzker signed into law SB 1792 , which contains the Predatory Loan Prevention Act (the “Act”). The new law became effective immediately upon signing notwithstanding the authority it gives the Illinois Department of Financial and Professional Regulation (“IDFPR”) to adopt rules “consistent with [the] Act.”.

Illinois

Illinois Regulation Report Lending

Using digital lending helps to reach small businesses

Independent Banker

OCTOBER 31, 2022

Digital lending capabilities are quickly becoming table stakes, particularly when it comes to small business lending. However, banks should first consider their customers’ needs and the infrastructure and features needed in a lending platform before adopting a new digital strategy. Benefits of digital lending.

Lending

Lending Community Bank Community Illinois

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Webinars

Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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Trending Sources

Fintech Deals to Watch: Fall Festivities

Gonzobanker

SEPTEMBER 21, 2023

Lending: Lending Leaves Change Color Abrigo acquired Valuant for compliance and credit risk and DiCOM Software for automated credit risk software and partnered with Charm Solutions to launch Abrigo Small Business Lending Intelligence. Credit union lending platform Clutch partnered with Zest.ai

Fintech

Fintech Software Illinois Lending

Webinars

Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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Figure CEO: Figure Pay, National Bank Charter Will Boost Financial Inclusion

PYMNTS

NOVEMBER 23, 2020

While many digital-first companies springboard from payments into lending, Figure Technologies , a FinTech focused on home improvement, debt consolidation and retirement products that leverage blockchain protocols, is branching out from lending into payments. Blockchain and a bank charter might do much to boost financial inclusion.

National

National blockchain Montana Lending

Major Medium of Exchange

Independent Banker

DECEMBER 13, 2015

Debit and credit cards, direct deposits, paper checks, online and mobile bill payments and other technologies have changed the role of cash in our economy. The majority of our elderly customers still use all cash and checks, not debit cards. Ed Avis is a freelance writer in Illinois. By Ed Avis. I have a pretty full plate.”.

Community Bank

Community Bank Community Maine Mississippi

Fintech Fundings: 30 Companies Raise $390 Million Week Ending May 13

Fintech Labs Insights

JUNE 6, 2016

HQ: Chicago, Illinois. Tags: SMB, payments, mobile, merchants, acquiring, credit/debit cards, mobile, POS. Consumer alt-lender. Latest round: $188 million Debt (for AvantCredit UK). Total raised: $1.92 billion ($654 million Equity, $1.26 billion Debt). Source: Crunchbase. Bridge2Solutions. Latest round: $35 million Series A.

Company

Company Fintech San Francisco New York City

Fintech Fundings: 36 Companies Raise $480 Million Week Ending March 18

Fintech Labs Insights

MARCH 22, 2016

million for its P2P lending platform for small businesses. million for its compliance tools. Alt-lender focused on lending against existing automobile titles. HQ: Chicago, Illinois. P2P real estate lending marketplace. Peer-to-peer lending marketplace. SmartAsset raised $3.8 Qumram raised $2.5 LendInvest.

Company

Company New York City Fintech Colorado

Fintech Fundings: 22 Companies Raise $300 Million Plus 2 IPOs Raise $5.9 Billion

Fintech Labs Insights

OCTOBER 19, 2015

Gift cards backed with public company equity. Fingerprint-authenticated payment card. Bitcoin compliance solutions. Card rewards management. Tags: Consumer, credit cards, rewards, travel. Total raised: $600 million. Source: Finovate. Secure messaging for financial services. HQ: Palo Alto, California. million Seed.

New York City

New York City Company Fintech New York

Fintech Fundings: 21 Companies Raise $460 Million Week Ending April 1

Fintech Labs Insights

APRIL 4, 2016

HQ: Chicago, Illinois. Tags: Consumer, lending, loans, mortgage, investing, peer-to-peer, crowdfunding. HQ: California City, California. Source: Crunchbase. PayItSimple consumer credit service. Latest round: $22.5 million ($56 million valuation). Total raised: Unknown. HQ: New York City. Source: FT Partners. Source: FT Partners.

New York City

New York City Company Fintech California

Who were ICBA’s Top Lenders of 2022?

Independent Banker

JUNE 30, 2022

Here, we highlight some of last year’s most successful loan producers in the areas of agriculture, commercial and consumer/mortgage lending. The score combines the average of the bank’s percentile rank for lending concentration and for loan growth over the past year in each lending category. By Ed Avis. Methodology. AGRICULTURE.

Community Bank

Community Bank Community National Philadelphia

2021’s Best Community Banks to Work For

Independent Banker

NOVEMBER 30, 2021

Within that tightly knit group, there’s the bank’s leadership team, comprising president and CEO Greg Dennis, chief lending officer Jon Girard, vice president of operations and compliance Kristine Hendrickson, and executive vice president and chief financial officer Michele Boeder. William Atkinson is a writer in Illinois.

Community Bank

Community Bank Community Texas Leadership

17 Of The Biggest Startup Frauds Of All Time

CB Insights

MAY 23, 2019

Zenefits skirts compliance regulations. WrkRiot’s short-lived house of cards falls down. Zenefits skirts compliance regulations. Rishi Shah and Shradha Agarwal founded healthcare information startup Outcome Health in 2006 while the pair were still studying at Illinois’ Northwestern University.

Fraud

Fraud Las Vegas Company Video

Fintech Fundings: 30 Companies Raised $330 Million First Week of August

Fintech Labs Insights

SEPTEMBER 1, 2016

Lending marketplace for small businesses. HQ: Evanston, Illinois. Tags: SMB, payments, merchants, credit/debit cards, acquiring, POS. Total raised: $44.7 HQ: New York City. Source: FT Partners. Funding Societies. Latest round: $7.5 million Series A. Total raised: $7.5 HQ: Singapore. Source: Crunchbase. HQ: London, England, UK.

New York City

New York City Company Fintech Comparison

Fintech Fundings: 21 Companies Raise $260 Million Week Ending Feb 12

Fintech Labs Insights

FEBRUARY 15, 2016

HQ: Chicago, Illinois. Underwrites & guarantees high-risk credit card transactions . HQ: Chicago, Illinois. Tags: Consumer, SMB, investing, peer-to-peer, equity, loans, lending. HQ: Oakland, California. Source: Crunchbase. Maestro Health. Employee benefits and health insurance services. Latest round: $53 million.

Company

Company Fintech New York City Comparison

Fintech Fundings: 20 Companies Raise $300 Million Week Ending July 17

Fintech Labs Insights

JULY 17, 2015

Regulatory compliance solutions for new account opening. HQ: Chicago, Illinois. Tags: P2P, lending, consumer, loans, underwriting, investing, marketplace lender. In total, 20 companies raised $294 million, all in equity (as far as we know). Here are the fundings from July 11 through July 17 in order of magnitude: Fenergo.

Fintech

Fintech Company San Diego Los Angeles

Senator Durbin Wants Wells Fargo To Stop Expanding Program With Colleges

PYMNTS

MARCH 7, 2018

According to news from The Wall Street Journal , citing a letter Senator Dick Durbin, a Democrat from Illinois, sent to the bank this week, Durbin is asking the financial institution (FI) to stop adding more colleges to its partnership program until the order by the Federal Reserve last month that caps Wells Fargo’s growth is addressed.

Illinois

Illinois Compliance Lending Cards

Community Banking Brief

Illinois regulator issues proposed Predatory Loan Prevention Act regulations; lawsuits filed to block implementation of Act’s database reporting requirement and for declaration Act does not apply to pawn transactions

Using digital lending helps to reach small businesses

Webinars

Trending Sources

Fintech Deals to Watch: Fall Festivities

Webinars

Figure CEO: Figure Pay, National Bank Charter Will Boost Financial Inclusion

Major Medium of Exchange

Fintech Fundings: 30 Companies Raise $390 Million Week Ending May 13

Fintech Fundings: 36 Companies Raise $480 Million Week Ending March 18

Fintech Fundings: 22 Companies Raise $300 Million Plus 2 IPOs Raise $5.9 Billion

Fintech Fundings: 21 Companies Raise $460 Million Week Ending April 1

Who were ICBA’s Top Lenders of 2022?

2021’s Best Community Banks to Work For

17 Of The Biggest Startup Frauds Of All Time

Fintech Fundings: 30 Companies Raised $330 Million First Week of August

Fintech Fundings: 21 Companies Raise $260 Million Week Ending Feb 12

Fintech Fundings: 20 Companies Raise $300 Million Week Ending July 17

Senator Durbin Wants Wells Fargo To Stop Expanding Program With Colleges

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