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Online Lending To Small Business Increases 50 Percent Between 2015 And 2017

PYMNTS

Between 2015 and 2017, the amount of lending to small businesses by the five leading online lending providers increased 50 percent, according to a new report from NDP Analytics, a Washington, D.C.-based The report, entitled “The Economic Benefits of Online Lending to Small Businesses and the U.S.

Lending 103
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China's Financial Industry Firms Redo Plans, Funding In Wake Of More Oversight

PYMNTS

With regulators cracking down in China, FinTech leaders are scrambling for capital and trying to plan their futures, Bloomberg reported Wednesday (Nov. And those lending in multiple provinces would have to have 5 billion yuan in registered capital at a minimum.

Industry 152
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Sizzle Or Fizzle: Facebook, Online Lending, Cash – And The Twilio Surge

PYMNTS

This week it was Minnesota, and then yesterday Walmart really got warmed up and announced the expansion of their new payments service in: Michigan, Virginia, the Carolinas, Indiana, Iowa, Kentucky, Nebraska, North Dakota, South Dakota, Tennessee, Louisiana, Missouri, Mississippi and Washington, D.C. Online lending .

Lending 101
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Online lending summit speakers discuss SPNB charters, CFPB trial disclosure policy, alternative data

CFPB Monitor

At the Online Lending Policy Institute’s (OLPI) annual summit in Washington, D.C. earlier this week, the OCC’s recent decision to accept applications from non-depository financial technology firms for a special purpose national bank (SPNB) charter was the focus of considerable discussion.

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Digital Mortgage Startup Blend Expands Into Consumer Banking

PYMNTS

Blend’s venture into new territory comes a month after it raised $75 million in Series F funding led by Canapi Ventures , the Washington, D.C- based early growth, FinTech-focused venture capital firm. The cash will be used to grow its online mortgage, consumer loan and deposit accounts, the company said.

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SEC to hold fintech innovation public forum

CFPB Monitor

The Securities and Exchange Commission has announced that it will host a public forum in Washington, D.C. The panels will discuss issues such as blockchain technology, automated investment advice or robo-advisors, online marketplace lending and crowdfunding, and how they may impact investors.

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Fed to host conference on financial innovation

CFPB Monitor

While the CFPB has indicated it will be monitoring FinTech innovations, it has not yet held a public event devoted to FinTech or financial innovation. on December 2, 2016. on December 2, 2016. ” Attendance at the conference is by invitation only.