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California Dept. of Business Oversight launches “true lender” investigation of auto title lender’s partnership with Utah bank

CFPB Monitor

The DBO indicated that it “is investigating whether LoanMart’s role in the arrangement is so extensive as to require compliance with California’s lending laws. According to the DBO’s press release, until the FACA became effective, LoanMart was making state-licensed auto title loans at rates above 100 percent.

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Sizzle/Fizzle: AI Soars, Toys R Us Sinks And Start-Ups Struggle

PYMNTS

Across the pond, estimates Innovate Finance and Pitchbook, the B2B FinTech market has gotten nearly half of all FinTech funding in the European Union through the past year. The European Union is also gearing up to promote new, continent-wide mandates that would promote FinTech growth and investments, especially post-Brexit.

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Fintech Fundings: Companies Raise $ Million Week Ending Feb 26

Fintech Labs Insights

Although we saw one high-flying fintech unicorn crash to earth this week , the fintech sector continued to attract significant capital with 21 companies raising $214.8 Seven weeks into the new year, fintech companies have raised $4.7 Here are the fintech deals by size from 20 Feb to 26 Feb 2016: LoanZen. million Seed.

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

Fintech Labs Insights

Fintech deals by size from May 7 to 13, 2016: Avant (AvantCredit UK). HQ: Glenwood, Maryland. Tags: SMB, investors, commercial mortgage, P2P lending, credit, underwriting, real estate. Notable raises included Finovate alum Tagit which brought in nearly $9 million to supercharge its mobile application development platform. ——-.

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Efficiency now: 8 smart strategy tips

Independent Banker

Crowe’s Grottke points that the “graying of community bankers” exacerbates the talent shortage—and can make it difficult to increase profitability by taking advantage of growth areas like commercial lending. Forge partnerships, especially with fintechs. Elizabeth Judd is a writer in Maryland.

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Fintech Fundings: 27 Companies Raise $345 Million Week Ending August 14

Fintech Labs Insights

Since June 1 we’ve seen 189 fintech deals globally raising a total of $3.1 ——— Fintech Unicorn Watch : Along with Yodlee’s near-unicorn exit , another apparent fintech unicorn was crowned when London-based Skrill (formerly Moneybookers) was acquired by Optimal Payments for a reported $1.2