Cards, Illinois, Lending and Security - 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

Fintech Deals to Watch: Fall Festivities

Gonzobanker

SEPTEMBER 21, 2023

NYMBUS secured Series D financing (led by Insight Partners), partnered with Hurdlr for small business banking; with Atty Bank, Saint Louis Bank ’s legal community bank; and with Roger, Citizens Bank of Edmond ’s military niche bank. Core10 secured a Series B funding round led by Patriot Financial Partners with JAM FINTOP and the ICBA.

Fintech

Fintech Software Illinois Lending

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

Webinars

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

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How community banks can address cybercrime

Independent Banker

MAY 31, 2022

The community bank keeps a close watch on emerging threats experienced by other financial institutions, as well as security researchers’ discoveries through threat feeds. “If The bank works hard to prevent attacks with many defensive layers of security. Secure your telecommunications. William Atkinson is a writer in Illinois.

Community Bank

Community Bank Community Fraud Texas

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). 15 million to security provider Trulioo. HQ: Chicago, Illinois. Total raised: $300 million. P2P lender.

Company

Company Fintech North Carolina California

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

Fintech Labs Insights

OCTOBER 19, 2015

Secure messaging for financial services. Gift cards backed with public company equity. Fingerprint-authenticated payment card. Card rewards management. Tags: Enterprise, IDology (investor), security, risk management, payments, Finovate alum. Total raised: $600 million. Source: Finovate. HQ: Palo Alto, California.

New York City

New York City Company Fintech New York

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: 21 Companies Raise $460 Million Week Ending April 1

Fintech Labs Insights

APRIL 4, 2016

Bluefin Payments received $6 million to expand its secure payment system. Tags: Consumer, payments, bitcoin, crypto-currency, Overstock (investor), mobile wallet, debit card, funds transfers, remittances. Stratumn grabbed $670,000 for its blockchain services. Here are the fintech deals by size from 26 March to 1 April 2016: Ceridian.

New York City

New York City Company Fintech California

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

Best Personal Loans in Minnesota in 2020

MyBankTracker

AUGUST 18, 2020

Lending limits. Different lenders will be willing to lend different amounts to borrowers. Expect to provide some or all of the following information: Name Address Date of birth Proof of identity, such as a driver’s license Social Security number Annual income Proof of income, such as bank statements or paystubs.

Minnesota

Minnesota National Payments Online

17 Of The Biggest Startup Frauds Of All Time

CB Insights

MAY 23, 2019

WrkRiot’s short-lived house of cards falls down. After a comprehensive investigation by the Securities and Exchange Commission, Holmes was banned from the laboratory testing industry for two years and was ultimately charged with wire fraud by the Department of Justice in summer 2018. Bouxtie’s broken promises. The Outcome.

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: Consumer, payments, remittances, gift cards. Source: Crunchbase. Online payment service. Latest round: $15 million Series B. Total raised: $15 million. Source: Crunchbase. Mobile insurance broker. Latest round: $14.75 million Series A. Total raised: $14.75

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: 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. Tags: Prepaid cards, gift cards. This week, 24 companies raised $444 million ($359 million equity, $85 million debt). Argon 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

Tags:SMB, consumer, enterprise, blockchain, cryptocurrency, security, ledger, bitcoin. Credit card acquiring for bitcoin exchanges & wallets. HQ: Chicago, Illinois. Personal finance tool for maximizing credit card rewards. HQ: Troy, Michigan. Source: Crunchbase. Blockstream. Sidechain technology. Source: Crunchbase.

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

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

CB Insights

AUGUST 25, 2017

As a digitized, secure, and tamper-proof ledger, blockchain could serve the same function, injecting enhanced accuracy and information-sharing into the financial services ecosystem. Elections require authentication of voters’ identity, secure record keeping to track votes, and trusted tallies to determine the winner. Healthcare.

blockchain

blockchain Industry Bitcoin Security

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

Fintech Labs Insights

MARCH 8, 2016

AnchorID added a $125,000 convertible note for its security software. HQ: Chicago, Illinois. Tags: Enterprise, security, passwords, authentication, identity, Finovate alum. And more telling, the number of deals is up 90% (227 vs. 119 in 2015). Here are the fintech deals by size from 27 Feb to 4 Mar 2016: iAngels. million Seed.

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

Fintech Deals to Watch: Fall Festivities

Webinars

Trending Sources

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

Webinars

How community banks can address cybercrime

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

Who were ICBA’s Top Lenders of 2022?

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

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

Best Personal Loans in Minnesota in 2020

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: 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

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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