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Industry Trade Groups Respond to FHFA Request for Input on PACE Transactions

CFPB Monitor

FHFA describes PACE transactions as being part of residential energy retrofitting programs that are created through special state legislation and result in the financed part of the transaction resulting in a tax assessment on the home, which is a ‘‘super-priority lien’’ over existing and subsequent first mortgages. (As

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Oportun Personal Loans Review: For Borrowers With No Credit

MyBankTracker

APRs are lower than predatory lending options. While the loans are very expensive, they offer a middle ground between traditional loans and potentially predatory payday lending. Unlike Oportun, traditional lenders usually look at your credit score when making a lending decision. Designed for borrowers with no credit.

Idaho 52
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Possible Finance Personal Loans Review

MyBankTracker

APRs are lower than predatory lending options. Possible Finance provides its loans to people with poor or no credit, which means it takes on more lending risk than a traditional lender that looks for customers with strong credit history. Are Personal Loans Taxable or Tax-Deductible? Designed for borrowers with bad credit.

Texas 52
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Fintech Fundings: 114 Companies Raised $7.3 Billion in April

Fintech Labs Insights

Marketplace small business lending platform. HQ: Longwood, Florida. Income tax service. Tags: Consumer, lending, credit, underwriting, healthcare, payments, insurance. Fintech deals by size from 23 April to 29 April 2016: Mosaic. Marketplace lender for residential solor projects. Latest round: $200 million Private Equity.

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GonzoBanker Awards 2017

Gonzobanker

Strangest Sale of the Year – Was the first-failed and then convoluted spin-off and sale of BankMobile by Customers Bancorp to Flagship Community in Florida. Credit Union Merger of the Year – Goes to Lake Michigan Credit Union and its CEO Sandy Jelinski for acquiring Florida-based community bank Encore. It had another turd of a year.

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Fintech Fundings: 113 Companies Raised $1.7 Billion in May

Fintech Labs Insights

P2P lending platform. Online tax preparation. HQ: Miami, Florida. Tags: Consumer, credit, auto loans, lending, underwriting. Source: FT Partners. Latest round: $153 million Series C. Total raised: $177 million. HQ: Hangzhou, China. Source: Crunchbase. Crowdsourced investment information. Source: Crunchbase. HQ: Sweden.

Company 17
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The Velocity of Risk – What Bankers Need To Know

South State Correspondent

One morning, President Trump tweeted his desire for an additional tax on all foreign-owned companies operating in the US. The first risk of a tax on foreign-owned companies resulted in an instantaneous credit shock, while the change in gas station demand will take place over years. Consider the risk above.