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Are Big Changes Coming To The Military Lending Act?

PYMNTS

Changes may soon be coming to the Military Lending Act (MLA), a piece of legislation designed to prevent military service members from getting swept up in deceptive or unfair lending practices. The product causing concern on the auto lending side of things is gap insurance. New Lending Rules .

Lending 100
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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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The Paycheck Protection Program, Round Two

PYMNTS

The Senate has voted by unanimous consent to allocate another $484 billion in an interim relief fund, $310 billion of which will top off the depleted PPP fund directly, with an additional $60 billion specifically for smaller lending institutions.

Kentucky 237
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OnDeck Channels Accountants For SME Funding

PYMNTS

But the firm’s newest service focuses on financial management for SMEs in another way. While the tool initially launched in March , reports said OnDeck expanded this aspect of its operations this month across Kentucky, Florida and Alabama.

Kentucky 101
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Finovate Alumni News

Fintech Labs Insights

Around the web: Cachet Financial Solutions deploys its Select Mobile Deposit solution for Kentucky-based Whitaker Bank Corporation. UBS hires Markit to manage its Investment Bank’s investible indices. The Hindu quotes Cloud Lending Solutions’ CEO and co-founder, Snehal Fulzele on digital transformation.

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Fintech Fundings: 15 Companies Raise $51 Million Week Ending Dec 25

Fintech Labs Insights

The Kentucky-based company has developed a vendor management platform for banks and credit unions. Vendor management for financial services companies. HQ: Elizabethtown, Kentucky. Investment portfolio management . Escrow & renter deposit management. Source: Crunchbase. Latest round: $4 million.

Company 12
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Fintech Fundings: 21 Companies Raise $460 Million Week Ending April 1

Fintech Labs Insights

Real estate transaction management technology. Tags: Consumer, lending, deposits, loans, payments, banking, underbanked, non-banked. Total raised: $205 million. HQ: New York City. Source: Finovate. Real Matters. Latest round: $76.7 million ($500 million valuation). Total raised: $136.7 HQ: California. HQ: California City, California.