Innovation Lending Regulation Utah 
CFPB Monitor
SEPTEMBER 10, 2020
Thereafter, “using its existing lending operations and personnel, LoanMart commenced ‘marketing’ and ‘servicing’ auto title loans purportedly made by CCBank, a small Utah-chartered bank operating out of Provo, Utah.” The DOB indicated that such loans have interest rates greater than 90 percent.
CFPB Monitor
JUNE 15, 2022
The California Department of Financial Protection and Innovation (DFPI) has issued final regulations to implement SB 1235, the bill signed into law on September 30, 2018 that requires consumer-like disclosures to be made for certain commercial financing products, including small business loans and merchant cash advances. .
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
PYMNTS
FEBRUARY 6, 2020
5) hearing before the House Financial Services Committee , representatives from several consumer groups said “rent-a-bank” schemes harm consumers through predatory lending. She said the evasion would continue unless regulators step in or there is action by Congress to limit interest rates to no more than 36 percent APR.
Bank Innovation
SEPTEMBER 18, 2017
The charter, submitted to the State of Utah last June, would give the online lender the ability to collect deposits insured by the […].
CFPB Monitor
OCTOBER 6, 2022
A California state court has overruled the demurrer filed by Opportunity Financial, LLC (OppFi) to the cross-complaint filed by the California Department of Financial Protection and Innovation (DFPI) in which OppFi asked the court to reject the DFPI’s “true lender” challenge. We believe this case is extraordinarily important.
Gonzobanker
DECEMBER 17, 2021
This is an innovation-seeking franchise that has built a solid brand and never got over its skis in execution. million gets the vaunted consumer lender a much-prized bank charter, low-cost deposits to juice current earnings, and a business lending capability to drive future growth. The most important aspect of this deal is Huntington.
CB Insights
FEBRUARY 13, 2020
As a result of its product innovation efforts, Stripe has seen explosive growth in product adoption and valuation. A decade of online payments innovation. Business lending and corporate cards. A decade of online payments innovation. TABLE OF CONTENTS. PayPal and Square emerge as leaders in the payments space.
Expert insights. Personalized for you.
78 
Let's personalize your content