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Ascension Leak Exposes 24M+ Loan, Mortgage Details

PYMNTS

A server running an Elasticsearch database contained sensitive data from as far back as 2008 that included loan and mortgage agreements, repayment schedules and other financial and tax documents. Reporters were able to find out that the vendor mentioned is New York-based OpticsML.

Taxes 155
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What The Climbing Debt Defaults Really Mean For The Economy

PYMNTS

Late payments and out-and-out defaults and charge-offs are on the rise across a few lending segments. According to the New York Federal Reserve, household debt surged in the final quarter of 2017 to $13.15 A fair portion of that interest rate, according to the Fed, was an uptick in mortgage lending. Credit Card Troubles.

Lending 105
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Are Employers The Low-Dollar Lenders Of The Future?

PYMNTS

As the controversy around payday lending continues to swirl and questions about how and if low-dollar loans can be offered to low-income workers in a fair and low-cost manner are brought up more and more, a new potential source of such funds has started striding onto the field.

New York 100
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Amazon Sizzles, Plenti Fizzles And Goldman Gets Its Consumer Banking Groove

PYMNTS

Goldman’s first toe in the water was Marcus, its consumer banking and lending platform, said to be named after its founder. According to figures released by Goldman in their Q1 earnings report, Marcus has issued $3 billion in new consumer loans since launching in October of 2016. “Our The Big Bet on Consumer Services.

New York 101
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Wells’ Woes, Stripe’s Acquisition And North Korea’s New Hacking Groove

PYMNTS

The 60-page report, which The New York Times has reportedly seen and reviewed, also indicates that targets of Wells Fargo’s latest breach of consumer trust included military service members on active duty. Codel, head of consumer lending at Wells Fargo, said in an interview. “We North Korea’s For-Profit Hacking.

Taxes 100
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FICO’s New Groove

PYMNTS

Once one gets in, their SAT score is officially useless to them; a mortgage underwriter won’t ask about it, credit card companies don’t care about it, and while we can’t be sure that no employer on Earth would make a hiring decision on the basis of it, we are fairly sure that the list of those that do is vanishingly short. Possible Troubles.

Taxes 100
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Community Bank CEO Outlook 2022: Your priorities for the new year

Independent Banker

That’s followed by residential mortgage lending (36.3%), small business lending (32.1%), commercial and industrial (C&I) lending (30%) and agricultural lending (23.6%). will continue its mission to fund microloans to new small businesses in New York City’s low-income neighborhoods, says president and CEO Carlos P.