PYMNTS
NOVEMBER 26, 2019
The company has a partnership with Amazon in which it lends to customers with low credit scores. Personal data can be exploited by foreign intelligence services to amplify the impact of espionage and influence operations,” the letter said. In other Amazon news , the eCommerce giant is opening a store on the Chinese site Pinduoduo.
PYMNTS
SEPTEMBER 17, 2019
While short-term lending in general has a pretty rough reputation, the pawn loan is the most ill-regarded arena in an already unloved category of consumer lending. The loan amount a borrower can get from a pawnbroker is determined solely by the value of the item itself; as in most forms of short-term lending, there is no credit check.
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PYMNTS
MARCH 14, 2017
Banks and credit unions are looking for differentiated product offerings that not only deliver value for their members, but create new revenue streams and lending opportunities.”. We are really pleased to have such a strong group of local and national investors, including VC funds and a strategic partner,” Robert said. “We
CFPB Monitor
APRIL 7, 2020
Cottonwood operates approximately 340 retail lending outlets in Idaho, Illinois, Michigan, New Mexico, Texas, Utah, and Wisconsin under the name Cash Store. The CFPB announced that it has entered into a settlement with Cottonwood Financial, Ltd., The consent order requires Cottonwood to pay a civil money penalty of $1.1
CFPB Monitor
SEPTEMBER 21, 2020
Nikitra Bailey, EVP, Center for Responsible Lending (Durham, NC). Lorray Brown, Attorney/Consumer Law Attorney, Co-Director, Michigan Poverty Law Program (Ypsilanti, MI). Bruce Ocko, Senior VP Director of Mortgage & Consumer Lending, Bangor Savings Bank (Bangor, ME). Credit Union Advisory Council.
CFPB Monitor
AUGUST 22, 2016
According to the CFPB, the new members “include experts in consumer protection, financial services, community development, fair lending, civil rights, consumer financial products or services, representatives of community banks and credit unions, and scholars with relevant methodological and subject matter experience.” ”
CB Insights
OCTOBER 26, 2017
Across the US, well-funded companies are rethinking how the financial system operates. California-based lending unicorn SoFi is the most well funded fintech company with just over $2B raised since 2011. We excluded companies that have not raised equity funding since 2015 and excluded funding from debt as well as lines of credit.
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