CFPB Monitor

SEPTEMBER 10, 2020

The DBO indicated that it “is investigating whether LoanMart’s role in the arrangement is so extensive as to require compliance with California’s lending laws. According to the DBO’s press release, until the FACA became effective, LoanMart was making state-licensed auto title loans at rates above 100 percent.

Utah 78

Utah California FDIC West Virginia 78

Independent Banker

NOVEMBER 25, 2015

A mix of players, FinTech firms pose threats and opportunities. Call them disruptors, upstarts or the voguish FinTech companies. FinTech customers have no idea they are exposing themselves to identity and financial risk. Illustration by Getty images / Chris Ede. By Kelly Pike. Siphoning customers.

Community Bank 70

Community Bank Community Analytics Lending 70

CB Insights

MARCH 13, 2019

valuation), Nuro ($2.7B), alternative lending startup Avant ($1.9B), AI-powered predictive sales acceleration platform InsideSales.com ($1.7B), salestech startup Afiniti ($1.6B), healthcare startup Butterfly Network ($1.3B), and data analytics company Dataminr ($1.2B). The Innovation Scout. South Carolina. ENGAGE Talent. Washington.

United States 78

United States Rhode Island Massachusetts Connecticut 78

Jeff For Banks

MARCH 20, 2016

billion in asset Union Bank & Trust in Virginia had $1.1 How good is their system compared to FICO, or other FinTechs that feel they are more evolved in credit risk management? Similarly, SBA guarantees reduce risk for small business lending. billion in equity capital since its founding in 2011. We don't know.

Virginia 60

Virginia Risk Management Capital Comparison 60

Fintech Labs Insights

MARCH 22, 2016

million for its P2P lending platform for small businesses. Here are the fintech deals by size from 12 March to 18 March 2016: Future Finance. Alt-lender focused on lending against existing automobile titles. P2P real estate lending marketplace. Peer-to-peer lending marketplace. SmartAsset raised $3.8 Connecture.

Company 12

Company New York City Fintech Colorado 12

Fintech Labs Insights

AUGUST 20, 2015

Fintech funding records continue to fall. Alt-consumer lending. Peer-to-peer lending marketplace for small businesses. Tags: Credit, P2P, lending, underwriting, investing, SMB. Last week was the record number of deals, with 27. This week it was the biggest total dollars raised at $1.63 billion, from 25 companies.

San Francisco 12

San Francisco Company Fintech California 12

Fintech Labs Insights

JANUARY 13, 2016

Lendful Financial. Consumer lending software for financial institutions. HQ: Manakin Sabot, Virginia. The post Fintech Fundings: 24 Companies Raise $560 Million Week Ending Jan 8 appeared first on Finovate. Tags: SMB, lending, loans, commercial lending, underwriting, alt-lender, Accion (investor).

Company 12

Company New York City Fintech Lending 12

Fintech Labs Insights

JANUARY 18, 2016

Year-to-date fintech companies have raised $450 million in new equity, 67% more than the $270 million raised in the first half of January 2015. Online consumer lending. Person-to-person small biz lending platform. Multi-family lending management. RealtyMogul took in another $18.4 Mambu attracted $8.7 Source: Finovate.

Company 12

Company New York City Fintech San Francisco 12

PYMNTS

JUNE 30, 2016

The latest June count for where Walmart Pay is available is: Virginia, North Carolina, South Carolina, Nebraska, North Dakota, South Dakota, Iowa, Tennessee, Kentucky, Michigan, Indiana, Alabama, Georgia, Louisiana, Missouri, Mississippi and Washington, Missouri, Texas, Arkansas, and Washington, D.C. . Walmart Pay’s US Expansion.

Mobile 104

Mobile Samsung Apple Missouri 104

Fintech Labs Insights

MARCH 22, 2016

StreetShares is a P2P lending platform specializing connecting investors and small business borrowers from within the same community. For StreetShares, the first community it engaged with its affinity group lending approach were small businesses run by veterans and their families. The post StreetShares Raises $4.5

Virginia 12

Virginia Lending Community Online 12

Fintech Labs Insights

AUGUST 4, 2016

Small business lending marketplace Lendio released its second quarter financial results this week. Top 10 states: California, Florida, Texas, New York, Georgia, Illinois, New Jersey, North Carolina, Virginia and Colorado. Record number and volume of loan renewals. Loans funded in all 50 states.

North Carolina 12

North Carolina Utah New Jersey Colorado 12

Jeff For Banks

DECEMBER 29, 2021

The bank was founded in 2006 and operates 19 full-service branch locations in multi-ethnic communities in Alabama, Florida, Georgia, New York, New Jersey, Texas and Virginia. and equipment lending and asset based lending through Triumph Commercial Finance. (Nasdaq: MCBS) MetroCity Bankshares, Inc.,

Capital 78

Capital Texas Metro North Carolina 78

Fintech Labs Insights

SEPTEMBER 1, 2016

The fintech sector attracted $332 million in new capital the first week of August. Fintech deals by size from 30 July to 5 August, 2016: Mosaic. Lending marketplace for small businesses. HQ: Reston, Virginia. Tags: Institutions, lenders, mortgage, lending, customer service, mobile, account opening. HQ: Singapore.

New York City 18

New York City Company Fintech Comparison 18

Fintech Labs Insights

AUGUST 1, 2016

Second quarter closed with a frenzy of fintech fundings with 49 deals announced the last week alone, 10 more than the previous weekly record. Fintech deals by size from 25 June to 1 July, 2016: Paycor. HQ: Glen Allen, Virginia. Alt-lending to small businesses. Marketplace lending analytics. million was debt.

Company 12

Company Fintech New York City Lending 12

Fintech Labs Insights

MAY 28, 2015

And, like a fintech Noah’s Arc, everything was in pairs this week: Two companies out of Istanbul (TravelersBox, Iyzico). Finnish P2P lending marketplace. HQ: Reston, Virginia. The post Fintech Fundings: 15 Companies Raise $60 Million Week Ending May 28 appeared first on Finovate. Two out of London (Kantox, Monese).

Company 12

Company Fintech New York City New York 12

CB Insights

MAY 23, 2019

Mozido’s fintech fraud fiasco. LendingClub was one of many online lending services founded in the mid-2000s as entrepreneurs eyed the Byzantine financial sector as an area ripe for disruption. Mozido’s fintech fraud fiasco. Zenefits skirts compliance regulations. The Honest Company not so honest about labeling.

Fraud 78

Fraud Las Vegas Company Video 78

CFPB Monitor

APRIL 26, 2022

First, they are consistent with the agency’s stated intent to increase scrutiny of fintech firms, as it could allow the CFPB to conduct in-depth examinations of fintech firms over which it presently has no clear supervisory jurisdiction. These moves by the CFPB are notable for two reasons.

New Jersey 146

New Jersey Maryland Pennsylvania Virginia 146

CFPB Monitor

JUNE 15, 2022

The letter explains that although states have tools for going after these lending arrangements, such tools are more costly to employ and less likely to be effective than typical enforcement authorities provided to state financial regulators. Maryland, New York, North Carolina, Ohio, Pennsylvania, West Virginia, and Colorado.

FDIC 78

FDIC California West Virginia North Carolina 78