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

PYMNTS

This week it was Minnesota, and then yesterday Walmart really got warmed up and announced the expansion of their new payments service in: Michigan, Virginia, the Carolinas, Indiana, Iowa, Kentucky, Nebraska, North Dakota, South Dakota, Tennessee, Louisiana, Missouri, Mississippi and Washington, D.C. Online lending .

Lending 101
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CFPB settles lawsuit against online payday lenders

CFPB Monitor

The CFPB announced that it has settled a lawsuit that it filed in 2014 in a Missouri federal district court alleging that the defendants engaged in unlawful online payday lending schemes. The CFPB had sued Richard Moseley Sr.,

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

Perficient

When online shopping, if a retailer has a partnership with a BNPL platform, the customer can choose it as their payment method when placing their order at checkout. 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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Could COVID-19 Cause A Banking And Commercial Real Estate Crisis?

PYMNTS

COVID-19 has caused urban flight, hollowing out cities by catalyzing the surge in working from home, shopping online and not traveling far from one’s residence. Adding to the problem, the Post reported, is the fact that the looming threat of bankruptcies and defaults has already caused banks to tighten lending. No Quick Fix.

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Receiver for payday lenders sued by CFPB files malpractice lawsuit

CFPB Monitor

The court-appointed receiver for a group of interrelated companies sued by the CFPB in September 2014 for engaging in allegedly unlawful online payday lending activities has filed a malpractice lawsuit against the law firm that assisted in drafting the loan documents used by the companies.

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At home with HOA banking

Independent Banker

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 … and we quickly learned we could earn more of their business if we had a lending solution. Assets: $2.3 Location: Kansas City, Mo. Academy Bank in Kansas City, Mo.,

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TRENDING: The Overdue Overhaul For Insurance Settlements

PYMNTS

Mutual insurance provider Shelter Insurance — based in Columbia, Missouri — unveiled plans to improve the notoriously slow claims payout process with the debut of a digital claims payment feature on its online and mobile offerings, in partnership with Commerce Bank. How Digital Disbursements Are Changing Low-Dollar Lending.

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