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Is Tribal Lending Done?

PYMNTS

The Kansas businessman – facing a 2017 conviction for violating federal truth in lending and racketeering laws in connection with his online lending business – attempted to apologize for the $3.5 But tribal lending has its defenders as well, who note that the funds it generates are essential to the tribes that offer it.

Lending 118
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NY Fed blog post calls into question objections to payday loans and rollover limits

CFPB Monitor

A blog post about payday lending, “Reframing the Debate about Payday Lending,” posted on the New York Fed’s website takes issue with several “elements of the payday lending critique” and argues that more research is needed before “wholesale reforms” are implemented. Mann, Donald P.

Lending 60
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Temenos to Acquire Kony: So What?

Gonzobanker

Temenos leadership – first Akcelerant founder Jay Mossman and then Akcelerant/FIS/Sanchez veteran Emily Steele – wins points with the Cornerstone team for straight talk and course-correcting to avoid the common international player sin of over-commitment and under-delivery. To its credit, Temenos U.S.

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Nurturing New Businesses

Independent Banker

Of course, community banks are the primary economic engines behind small businesses on Main Street America, funding more than 60 percent of all small-business lending. Of course, some community banks already engage in educational outreach to small-business owners. Visit: www.ideavillage.org. Visit: www.kauffman.org.

Miami 70
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Zillow’s Slow Roll To A Real Estate Ecosystem

PYMNTS

About a week after Zillow announced it was moving in on rental payments, it followed up with the news that it would be acquiring Mortgage Lenders of America (a national mortgage lender headquartered in Overland Park, Kansas), subject to final approval of the deal terms and a greenlight from regulators.

Las Vegas 101
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More PPP Funds Would Help CDFIs Lend Money To Micro Businesses

PYMNTS

Ruben Alonso, president of the CDFI loan fund AltCap in Kansas City, Mo., Those loans are forgivable if used primarily for payroll over the course of eight weeks. Many of the 350 businesses served by Mountain BizWorks are headed by women and minorities or are based in low-income, rural areas.

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The Mother List of All Banking Books

Jeff For Banks

He was curating a library for a bank, of course. The Chandlers of Kansas: A Banking Family 1983 Jesse H. First he had to download some obscure app that must read bindings. If you knew John, you can see him promenading down his bookshelf, phone in hand, camera at the ready. Doesn't your bank have a bank book library? Interesting idea.

America 78