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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.” .” Rather, they argue that the advances are payments for compensation already earned.

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Fintech Fundings: 38 Companies Raised $300 Million First Week of June

Fintech Labs Insights

Online insurance. HQ: Rocky Hill, Connecticut. Tags: Institutions, marketing, customer service, retention, NICE Systems (investor), Finovate alum. Total dollars raised YTD is now $16 billion, nearly double the $8.4 billion raised during the same period a year ago. ——-. Latest round: $134.5 Total raised: $134.5 Latest round: $22.5

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Partnerships, Pivots And Bookended Data Breaches

PYMNTS

But it seems Goldman has decided to at least start trying by introducing the world to Marcus — their new online lending platform “for the masses.” ” Named for Marcus Goldman, one of the firm’s co-founders, Marcus is set to officially hit the market this fall, according to internal sources quoted by The New York Times.

Data 100
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Fintech Fundings: 186 Companies Raised $1.6 Billion in June

Fintech Labs Insights

Online payroll system. Alt-lending to small businesses. Marketplace lending analytics. Online accounting. Tags: Institutions, advisors, analytics, BI, lending, loans, securitization. Total dollars raised YTD is now $17.4 billion, more than double the $8.4 billion more raised during the same period a year ago. ——-.

Company 12
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FinovateSpring 2015 Sneak Peek: Part 8

Fintech Labs Insights

Sneak Peek Part 7: Avoka, CBW Bank, Cloud Lending Solutions, Context Relevant, Dealstruck, DriveWealth, Dwolla, Dynamics, Encap Security, EyeBuy, FIS Mobile, Kabbage, Knox Payments, Lending Tree, LendKey. Slice’s technology provides item-level purchase data across the largest base of online consumers (two million and counting).