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Mastercard Commits $500M To Boost Black Communities, Businesses

PYMNTS

Mastercard said the new program would, among other things, expand city programs that aid Black communities in such cities as Atlanta, Birmingham, Los Angeles, New Orleans, New York, St. Louis and Dayton, Ohio.

Community 282
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Transactions: Edward Jones partners with Citi for BaaS

BankInovation

Louis-based company will also integrate Citi Alliance, the bank’s lending service, into its platform to provide loans to its customers, according to an Edward Jones release. Wealth management company Edward Jones selected Citibank on Aug. 15 to provide bank accounts to its more than 8 million clients.

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The math behind small business lending: Problems & possibilities for banks & credit unions

Abrigo

Recent dynamics of the small business lending market A deep understanding of the small business lending landscape and potential efficiencies can help banks and credit unions grow their portfolios. You might also like this guide for smarter, faster small business lending. Record new business formation and a wider gap between U.S.

Lending 243
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Accessible Financial Services Incubator

Filene

According to the St. Louis Federal Reserve, there are now more than 20,000 payday lenders across the country—which tops even the ubiquitous McDonald’s storefront by roughly 40%. In its Payday Lending in America series, the Pew Charitable Trusts reports that Americans spend roughly $7.4

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The $70K Dent The Financial Crisis Put In The US Consumer’s Pocketbook

PYMNTS

Adding to the fun — consumers born in the 1980s to 1990s (aka millennials) that are widely counted as the future of economy — carry the highest debt load of any generation according to the Federal Reserve Bank of St. Sixty-six percent have credit cards. Nearly 7 percent say they like and use credit cards regularly.

US 100
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Fintech Fundings: 9 Companies Raise $73 Million Week Ending Dec 31

Fintech Labs Insights

Louis, Missouri. HQ: Trieste, Tags: SMB, credit, lending, trade financing, underwriting, commerce. Tags: Enterprise, payments, mobile, security, Wocket Wallet (product name), hardware, credit/debit cards. Here are the deals by size from 26 Dec to 31 Dec 2015: Weijinsuo. Person-to-person lender . Total raised: $46 million.

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Fintech Fundings: 12 Companies Raise $240 million Week Ending June 25

Fintech Labs Insights

That makes the credit score provider the second most valuable alum (after Lending Club , currently trading at $6 billion). Louis, Missouri. Tags: Lending, underwriting, consumer, loans, P2P, crowdfunding, investing. billion valuation. Total raised: $15.2 Source: The Oregonian. Payments risk & compliance management.