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Fifth Third Taps Accion To Reach More SME Borrowers

PYMNTS

Fifth Third Bank is focusing its SME lending reach through a new partnership with nonprofit lender Accion. Reports late last week said the bank will work with SME lending portal Accion, a nonprofit company, to facilitate the financing of these companies across five states: Florida, Indiana, Illinois, Michigan and Ohio.

Indiana 109
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Wells Fargo Hires Headhunter For CEO Search

PYMNTS

However, as she was picked to run JPMorgan’s consumer lending business last week, Lake isn’t as viable of a choice. Greg Donaldson, chairman of Donaldson Capital Management in Indiana, said shares in the company would be “the best stock on earth to buy” with the right CEO. “It

Indiana 143
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Payroll Fraud Could Cost KeyCorp $90M

PYMNTS

The customer involved in the fraud is Interlogic Outsourcing, which processes payrolls and is based in Elkhart, Indiana. An analyst at Baird said the revelations were “unfortunate” but “manageable.”. While we acknowledge that this isn’t a pretty headline, we believe any weakness beyond 1.5 KeyBank’s five-year, $16.5

Fraud 142
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The United States Of Fintech Startups

CB Insights

Collectively, these startups have raised over $9.5B, with leading companies including lending startup Avant (Illinois, $655M in total disclosed equity funding), next-gen auto insurer Root Insurance (Ohio, $509M), restaurant finances management system Toast (Massachusetts, $503M), and small business lending startup Kabbage (Georgia, $490M).

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CFPB announces advisory committee members

CFPB Monitor

Nikitra Bailey, EVP, Center for Responsible Lending (Durham, NC). Nadine Cohen, Managing Attorney, Greater Boston Legal Services (Boston, MA). Bruce Ocko, Senior VP Director of Mortgage & Consumer Lending, Bangor Savings Bank (Bangor, ME). Mae Watson Grote, Founder and CEO, The Financial Clinic (Brooklyn, NY).

DC 78
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Why Senior Debt Has Spent Two Decades Spiking

PYMNTS

“There are increases in the credit card delinquency rate that make you wonder whether some parts of the population are not doing as well, or whether this is just a result of more relaxed lending standards,” said Wilbert van der Klaauw, senior vice president at the New York Fed. It’s something we are looking into.”.

New York 130
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Delivering Trust for Risk-Aware Telcos - Using Data and Analytics

FICO

Whether that’s making more efficient risk decisions at the point of sale, managing the customer base effectively, or even managing overheads to keep costs reigned in. FICO Platform also lends itself to joining informed, fully risk-aware acquisition decisions across the lifecycle and across multiple use cases. See all Posts.