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NY DFS announces multistate investigation of payroll advance industry

CFPB Monitor

In its press release, the DFS claims that the investigation will look into “allegations of unlawful online lending” and “will help determine whether these payroll advance practices are usurious and harming consumers.” North Carolina Office of the Commissioner of Banks. South Carolina Department of Consumer Affairs.

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Fintech Fundings: 28 Companies Raise $330 Million Week Ending Jan 15

Fintech Labs Insights

Online marketplace for real estate investing. HQ: Charleston, South Carolina. Online consumer lending. Person-to-person small biz lending platform. Tags: SMB, credit, lending, loans, underwriting, investing, P2P, business loans, crowdfunding. Source: Crunchbase. Financial supply chain management.

Company 12