article thumbnail

London FinTech Glint Pay Launches Gold-Backed Debit Card

PYMNTS

A company called Glint Pay has launched a debit card that’s backed by gold instead of currency, according to a report in The Denver Post. Banks aren’t necessarily a secure place for your money,” he said. They lend out more than they have.”. The company is London-based, and its U.S. office is in Boulder, Colorado.

Cards 191
article thumbnail

Some SMBs Switched Banks When PPP Loans Failed To Come Through

PYMNTS

In a July survey of 931 firms that received PPP loans, Barlow Research Associates, the Minneapolis-based bank market research company, revealed that of the businesses that secured PPP funding, 28 percent received their loan from a lender with whom they had no prior relationship or a bank that wasn’t their primary one. to InBankshares Corp.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Growing a mortgage portfolio: Encourage borrowers to bank local

Abrigo

In the spirit of the go local movement, new data from Sageworks Bank Information peeked in on 10 cities to see which community banks were making an impact on local mortgage lending. • Denver, Colorado – Colorado Federal Savings Bank ($558 million). The cities were chosen randomly, but are listed below in alphabetical order.

Cleveland 150
article thumbnail

National Small Business Week Celebrates the American Entrepreneurial Spirit

Abrigo

This year’s National Small Business Week , themed “SBA: Dream Big, Start Small,” will include special events in Atlanta, New York, Denver, Phoenix, San Jose, Oakland and Washington, D.C. Capital: SBA fills gaps in the commercial lending marketplace so success in the small business sector is based on merit, not family wealth.

National 150
article thumbnail

Education: By Popular Demand

Independent Banker

It teaches bankers how to develop a compliance program, meet lending compliance requirements, and comply with deposit and marketing regulations. 11–14, 2016, in Denver. Bank Security Institute. Consumer Lending Institute. 25–30 in Denver. Commercial Lending Institute. Lead FWD Summit. 14–17 in Minneapolis.

article thumbnail

Investing in Our Future

Independent Banker

Also check out ICBA’s Community Banker University, which offers state-of-the-art courses and certification programs in auditing, compliance, credit and lending, operations, security, technology and more. Our future is bright because community bankers recognize the importance of investing in our people.

article thumbnail

Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish

Jeff For Banks

The old borrow short, lend long strategy. Economists cite as the main culprit the collapse of the subprime mortgage market — defaults on high-risk housing loans — which led to a credit crunch in the global banking system and a precipitous drop in bank lending. To fight inflation, the Fed raised rates aggressively (familiar?).

FDIC 78