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Another Maryland threat to bank partner model lending

CFPB Monitor

Atlanticus/Fortiva performs all of the collections, servicing, payment and remittance operations in connection with the accounts. The OCFR claims that the Bank’s failure to hold the required lending licenses makes the loans unenforceable and prohibits Atlanticus/Fortiva from collecting any amounts on the loans.

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Small banks: Big challenges and big opportunities

Abrigo

For smaller banks, longer-term industry consolidation trends and competition are also eroding deposit market share. According to the Federal Reserve Bank of Kansas City , community banks’ deposit market share dropped to 15% in 2022 from 22% in 2013. Balance runoff is picking up speed, according to financial consulting firm Curinos.

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Young Consumers Love to “Buy Now, Pay Later” – Here’s What to Know About the Explosive Fintech Trend

Perficient

Since Square purchased Afterpay, customers can get an Afterpay card to use with participating retailers that operate with Square, which lets customers use Afterpay for in-store purchases. Pay in 4 is not currently available for residents of Missouri, New Mexico, North Dakota, South Dakota, Wisconsin, or any US Territories.

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At home with HOA banking

Independent Banker

Looking for an avenue to increase its deposit base, Academy Bank tapped into a market it hadn’t explored before: homeowners associations. is a full-service commercial bank with 80 branch locations in Arizona, Colorado, Kansas and Missouri. One of the very quick things we turned to were HOAs,” he says. Photo by Jason Tracy. Assets: $2.3

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Core Unicorn Deals Rattling the Future of Financial Technology

Gonzobanker

Bank executives should take these new deals’ valuations as a sign that the free market sees the future of finance as unbundled from the traditional industry structure. As new cloud-native, API-driven solutions come to market, the term “core” seems to live in the eye of the beholder. Response From The Other Two Big 3 Players.

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Contemporary Roots

Independent Banker

The Bank of Old Monroe is a locally owned and operated community bank with three branches; the main bank and operations center are still located in the town of Old Monroe. Every customer will recommend the Bank of Old Monroe,” is a creed we operate by. Meanwhile, our lending policies are conservative but fair.

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BEC Attacks Surge As Fraudsters Eye Pandemic Opportunity

PYMNTS

With the global pandemic continuing to cause market disruptions, the opportunities for fraudsters remain on the rise. The number of businesses that reported an increase in BEC attacks targeting their operations increased by 36 percent.

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