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Another Maryland threat to bank partner model lending

CFPB Monitor

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. The Bank retains ownership of the credit accounts and the debtor-creditor relationship with Maryland consumers for the life of the loan account.

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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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Could COVID-19 Cause A Banking And Commercial Real Estate Crisis?

PYMNTS

Twelve years after the housing and mortgage markets’ collapse threw the United States into financial distress not seen since the Great Depression, market watchers are again on the lookout for a possible new banking crisis spawned by upheaval in the U.S. commercial real estate sector. No Quick Fix. The Government’s Response.

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

Perficient

Pay in 4 is not currently available for residents of Missouri, New Mexico, North Dakota, South Dakota, Wisconsin, or any US Territories. Consumer advocate groups and regulators have also brought forth concerns about the ramifications of BNPL existing outside of the normal credit-reporting system.

Fintech 474
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Sizzle Or Fizzle: Facebook, Online Lending, Cash – And The Twilio Surge

PYMNTS

But Facebook got the jump on the news cycle this week with the big news that it was opening up Facebook Canvas for retailers and other marketers on the site, as opposed to just advertis e rs. Online lending . When the regulators come marching in, getting out of the way is usually a better idea. The fizzle wears on. Costco Card.

Lending 101
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Fintech Fundings: 9 Companies Raise $73 Million Week Ending Dec 31

Fintech Labs Insights

Payments and commerce solutions for unbanked in emerging markets. Louis, Missouri. HQ: Trieste, Tags: SMB, credit, lending, trade financing, underwriting, commerce. Tags: Enterprise, compliance, social media, regulations, marketing, Finovate alum. Here are the deals by size from 26 Dec to 31 Dec 2015: Weijinsuo.

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CFPB releases Spring 2016 rulemaking agenda

CFPB Monitor

The Spring 2016 agenda also does not reflect the CFPB’s announcement that it will hold a field hearing on small dollar lending in Kansas City, Missouri on June 2, 2016. Small business lending data. Payday and deposit advance loans. The Spring 2016 agenda estimates a December 2016 date for prerule activities.