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Credit Card Interest Rates Rise To Near-Record Levels

PYMNTS

The average interest rates on credit cards are nearing record levels, in spite of a 50-basis-point decline on a 10-year note yield. prime lending rate, which banks charge to their best credit customers, is now at almost its lowest point ever due to Federal Reserve monetary policy. Bloomberg is reporting that the U.S. million in Q2.

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Onward Financial’s Employer-Backed Payday Loan Alternative

PYMNTS

I think it is pretty obvious when you read stories about the payday lending industry – and how it goes wrong for customers – that consumers need a better alternative,” Onward Financial Founder Ronnie Washington said. In an effort to innovate a solution to these cash flow challenges, Washington founded Onward Financial.

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Why AI Risk Tech And Banks Could Be A Match Made In Heaven

PYMNTS

A solution, he told PYMNTS four years ago , that had nothing to do with financial services or lending at all — they were actually studying hiring and figuring out ways to track employability over time with data. Our simple idea was that better technology and better data science could improve access to credit,” Girouard said.

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Acquire or Be Acquired 2023: Disruption ‘Comes Home’ to Banking

Gonzobanker

We loved President Michell King and COO Laura Schield donning their Kansas City Chiefs and Cincinnati Bengals jerseys to kick off the event, and we enjoyed watching the playoff game on the ballroom big screens. The Cornerstone team salutes the Bank Director team for one of the best industry events in recent years.

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CFPB releases Spring 2016 rulemaking agenda

CFPB Monitor

The Spring 2016 agenda also does not reflect the CFPB’s announcement that it will hold a field hearing on small dollar lending in Kansas City, Missouri on June 2, 2016. Small business lending data. We do not expect to see a final rule until next year. Payday and deposit advance loans. Prepaid financial products.

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The 2018 GonzoBanker Awards

Gonzobanker

PNC made a Gonzo move with a national digital expansion in 2018 with the unique idea of building a small number of branches in target metro markets like Kansas City and Dallas. This award goes to Ally Bank ’s mind-numbingly fast growth in its auto lending unit. GonzoBanker of the Year – Mid-Size Banks. Strategic Clarity Award.

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

Fintech Labs Insights

Cloud Lending Solutions. Enterprise lending platorm. HQ: New York City. HQ: Kansas City, Kansas. 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.