Cards, Illinois and Lending - 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

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

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 for automated underwriting.

Fintech

Fintech Software Illinois Lending

Webinars

Live Demo: How to Achieve Reconciliation Zen

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What Is Powering The Emerging Pawnaissance?

PYMNTS

SEPTEMBER 17, 2019

While short-term lending in general has a pretty rough reputation, the pawn loan is the most ill-regarded arena in an already unloved category of consumer lending. The loan amount a borrower can get from a pawnbroker is determined solely by the value of the item itself; as in most forms of short-term lending, there is no credit check.

Ohio

Ohio Lending Iowa South Dakota

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

Why Senior Debt Has Spent Two Decades Spiking

PYMNTS

FEBRUARY 27, 2020

credit card debt hit an all-time high of $930 billion, higher than the previous peak hit just ahead of the financial crisis of 2008. Much of the attention out of that report went toward the uptick in delinquencies that has followed up with the increase in card debt. About two weeks ago, U.S. It’s something we are looking into.”.

New York

New York Cards Idaho Indiana

How community banks can address cybercrime

Independent Banker

MAY 31, 2022

Along with usernames and passwords, effective MFA uses a secure app on phones or a physical security device, like a card or key fob.” William Atkinson is a writer in Illinois. “True MFA is more than a user’s ID and passwords,” says Williquette. ICBAfraudresources.

Community Bank

Community Bank Community Fraud Texas

Oportun Personal Loans Review: For Borrowers With No Credit

MyBankTracker

MAY 22, 2020

APRs are lower than predatory lending options. While the loans are very expensive, they offer a middle ground between traditional loans and potentially predatory payday lending. You can receive the money in the following ways: mailed check prepaid debit card direct deposit to your bank account Reporting the Loan to Credit Bureaus.

Idaho

Idaho Lending Alabama Wisconsin

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

Opploans Personal Loans Review: For Borrowers With Bad or No Credit

MyBankTracker

MAY 23, 2020

APRs are lower than predatory lending options. In the short-term, you can give your score a small boost by reducing your credit card debt and avoiding applying for credit cards in the months before you submit an important application. The best way to reduce this ratio is to pay off existing debts, like credit card debt.

Rhode Island

Rhode Island Nebraska Alabama South Dakota

Getting Mobile Ready

Independent Banker

OCTOBER 29, 2014

Community banks will continue to have representation in the mobile payments field through the Visa and MasterCard networks, and ICBA Bancard, ICBA’s electronic payments services program for community banks, is working closely with the card networks on the launch of Apply Pay as well as on other digital developments. Fees follow.

Mobile

Mobile Community Bank Community Technology

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: 25 Companies Raise $810 Million Week Ending Nov 20

Fintech Labs Insights

NOVEMBER 23, 2015

HQ: Chicago, Illinois. Prepaid card platform. Prepaid card services. Tags: SMB, payments, mPOS, merchants, acquiring, hardware, credit/debit cards. Source: Crunchbase. Financing online consumer purchases. Latest round: $101 million ($1 million equity, $100 million debt). HQ: Sydney, Australia. Source: Crunchbase.

San Francisco

San Francisco Company Fintech New York City

Fintech Fundings: 23 Companies Raise $685 Million Week Ending Dec 18

Fintech Labs Insights

DECEMBER 28, 2015

The vast majority went into alt-lending including NYC-based Pave ($30o million), Australian P2P platform MoneyPlace ($60 million from Auswide Bank), and Chinese lenders Fengjr.com ($80 million) and Dashu Finance ($77 million). HQ: Chicago, Illinois. Tags: SMB, payments, POS, ePOS, mPOS, credit/debit card acquiring, merchants.

Company

Company Fintech North Carolina California

Fintech Fundings: 38 Companies Raised $300 Million First Week of June

Fintech Labs Insights

JULY 12, 2016

HQ: Chicago, Illinois. Prepaid debit card for youth. Alt-lending. Tags: Consumer, lending, peer-to-peer, P2P, credit, underwriting, investing. Source: Crunchbase. Vibes (owned by Syniverse). Mobile wallet analytics. Latest round: $45 million Series B. Total raised: $60 million. Source: Crunchbase. Latest round: $22.5

New York City

New York City Company Fintech San Francisco

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. Card rewards management. HQ: Lombard, Illinois. Tags: Consumer, credit cards, rewards, travel. Total raised: $600 million. Source: Finovate. Secure messaging for financial services. HQ: Palo Alto, California. Source: Re/Code.

New York City

New York City Company Fintech New York

Fintech Fundings: 19 Companies Raise $1.3 Billion Week Ending Oct 1

Fintech Labs Insights

OCTOBER 1, 2015

HQ: Chicago, Illinois. Cloud Lending Solutions. Enterprise lending platorm. Tags: Commercial lending, loans, secondary market, enterprise. But even without that massive inflow earmarked for U.S. And every known round (not including Blooom’s grant) was 7-figures or more. Source: Crunchbase , VentureBeat. InForcePRO.

San Francisco

San Francisco Company Fintech New York City

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

Fintech Fundings: 27 Companies Raise $420 Million Week Ending October 23

Fintech Labs Insights

OCTOBER 26, 2015

HQ: Chicago, Illinois. Prepaid card platform. Lending to bootcamp students. Marketplace lending platform. Tags: Consumer, financing, B2B2C, indirect lending, loans, underwriting, in-store POS, Finovate alum. Here are the deals from Oct 17 to 24, by size: Auxmoney. P2P loan platform. Total raised: $198 million.

Company

Company Fintech California North Carolina

Fintech Fundings: 25 Companies Raise $1.6 Billion Week Ending Aug 20

Fintech Labs Insights

AUGUST 20, 2015

Alt-consumer lending. HQ: Chicago, Illinois. Peer-to-peer lending marketplace for small businesses. Tags: Lending, micro-credit, underwriting, servicing. Total raised: $1.75 billion (at least $400 million is debt). Source: Wall Street Journal. Latest round: $339 million (Debt). Total raised: $1.43 billion ($1.1

San Francisco

San Francisco Company Fintech California

Short-Term Lenders Hope For A Long-Term Future

PYMNTS

MARCH 21, 2017

That’s because as the panel of experts assembled at Innovation Project 2017 last week at Harvard pointed out, the consumer who makes use of short-term lending: Likes them, Needs them and. Which at the most basic level hurts customers, because the reality is that people who use short-term lending products actually need them.

Lending

Lending Regulation Illinois Innovation

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

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. Alt-lender focused on lending against existing automobile titles. HQ: Chicago, Illinois. P2P real estate lending marketplace. Peer-to-peer lending marketplace. Tags: SMB, lending, P2P, peer-to-peer, underwriting, credit, investing, Finovate alum.

Company

Company New York City Fintech Colorado

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

Best Personal Loans in Minnesota in 2020

MyBankTracker

AUGUST 18, 2020

Lending limits. Different lenders will be willing to lend different amounts to borrowers. Not using your credit cards for a month or two before applying can also help reduce your balances. If you have expensive debt, like credit card debt, this can even help you save money by reducing the interest rate of the debt.

Minnesota

Minnesota National Payments Online

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. Latest round: $500,000 Debt. BrightPolicy.

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

17 Of The Biggest Startup Frauds Of All Time

CB Insights

MAY 23, 2019

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

Fraud

Fraud Las Vegas Company Video

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

Fintech Labs Insights

MAY 21, 2015

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. HQ: Chicago, Illinois. Bitcoin-denominated P2P lending. Tags: lending, lead gen, SMB. Actiance $28 million. PayItSimple $10 million (line of credit).

San Francisco

San Francisco New York City Company California

Fintech Fundings: 21 Companies Raise $260 Million Week Ending Feb 5

Fintech Labs Insights

FEBRUARY 5, 2016

Credit card acquiring for bitcoin exchanges & wallets. HQ: Chicago, Illinois. Personal finance tool for maximizing credit card rewards. Tags: Consumer, credit, mortgage, underwriting, loans, lending, peer-to-peer, marketplace, crowdfunding, property. Small business alt-lender . Latest round: $70 million Debt.

Company

Company Fintech Bitcoin California

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

Fintech Labs Insights

JULY 17, 2015

HQ: Chicago, Illinois. Tags: Payments, prepaid cards, digital banking, mobile, global payments. Total raised: $45 million. Source: FT Partners. RealtyMogul. Marketplace lender for real estate projects. HQ: Los Angeles, California. Latest round: $35 million. Total raised: $45.1 Source: Finovate. Latest round: $35 million. AcadiaSoft.

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

Banking Is Only The Beginning: 30 Big Industries Blockchain Could Transform

CB Insights

AUGUST 25, 2017

Abra, another blockchain-enabled mobile wallet and payments startup, was recently integrated into the payments ecosystem of American Express: through a new feature , customers will be able to fund their Abra wallets using an eligible American Express Card. Gift cards and loyalty programs. Cybersecurity. Cloud storage .

blockchain

blockchain Industry Bitcoin Security

Fintech Fundings: 29 Companies Raise $75 Million Week Ending March 3

Fintech Labs Insights

MARCH 8, 2016

HQ: Chicago, Illinois. Tags: Consumers, lending, loans, underwriting, investing, peer-to-peer. Total raised: $8.7 HQ: Milano, Italy. Source: Crunchbase. Platform for investing in single-family rental properties. Latest round: $7 million. Total raised: $13.25 HQ: Oakland, California. Latest round: $4 million Series A. Latest round: $2.93

Company

Company Fintech San Francisco New York City

The Mother List of All Banking Books

Jeff For Banks

APRIL 14, 2022

House of Cards: A Tale of Hubris and Wretched Excess on Wall Street 2009 William D. "Rusty" Big Bad Banks: How Greed and Ego Among the Big Shots in Banking and Government Created the Crisis that Wrecked Our Economy 2009 William D. Cohan Cohan, William D. Money and Power: How Goldman Sachs Came to Rule the World 2011 William D. 2008 Richard P.

America

America National Denver United States

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

What Is Powering The Emerging Pawnaissance?

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

Why Senior Debt Has Spent Two Decades Spiking

How community banks can address cybercrime

Oportun Personal Loans Review: For Borrowers With No Credit

Major Medium of Exchange

Opploans Personal Loans Review: For Borrowers With Bad or No Credit

Getting Mobile Ready

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

Fintech Fundings: 25 Companies Raise $810 Million Week Ending Nov 20

Fintech Fundings: 23 Companies Raise $685 Million Week Ending Dec 18

Fintech Fundings: 38 Companies Raised $300 Million First Week of June

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

Fintech Fundings: 19 Companies Raise $1.3 Billion Week Ending Oct 1

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

Fintech Fundings: 27 Companies Raise $420 Million Week Ending October 23

Fintech Fundings: 25 Companies Raise $1.6 Billion Week Ending Aug 20

Short-Term Lenders Hope For A Long-Term Future

Who were ICBA’s Top Lenders of 2022?

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

2021’s Best Community Banks to Work For

Best Personal Loans in Minnesota in 2020

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

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

17 Of The Biggest Startup Frauds Of All Time

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

Fintech Fundings: 21 Companies Raise $260 Million Week Ending Feb 5

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

Senator Durbin Wants Wells Fargo To Stop Expanding Program With Colleges

Banking Is Only The Beginning: 30 Big Industries Blockchain Could Transform

Fintech Fundings: 29 Companies Raise $75 Million Week Ending March 3

The Mother List of All Banking Books

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