CFPB Monitor
NOVEMBER 11, 2020
In last week’s election, Nebraska voters passed Initiative 428, a ballot measure that places a 36 percent APR cap on payday loans. Approximately 83% of Nebraska voters approved this Initiative, making Nebraska the 17th state, plus the District of Columbia, to limit interest rates on payday loans.
Bank Innovation
JULY 1, 2019
First National Bank of Omaha (FNBO), with $20 billion in assets and 5,000 employees, is building out its seven-person innovation group within the bank's namesake skyscraper in Omaha, Nebraska. The 162-year-old bank is remodeling the group's workspace to resemble a startup, with open, collaborative offices and Apple TVs adorning the walls.
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PYMNTS
SEPTEMBER 25, 2020
The nonprofits include: 1863 Ventures , Association for Enterprise Opportunity , African American Alliance of CDFI CEOs , Baltimore Business Lending , Black Girl Ventures , Chicago Neighborhood Initiatives Micro Finance Group , EnrichHER , Expanding Black Business Credit Initiative , Grameen America , Kiva , MORTAR , Nebraska Enterprise (..)
American Banker
JANUARY 29, 2021
A rule change that allows farms with just one employee tap the Paycheck Protection Program means more pandemic relief funds are flowing into such states as Nebraska, Oklahoma, Wyoming and North Dakota.
PYMNTS
MARCH 13, 2019
Chase said it will also open branches in locations close to major universities in Auburn, Alabama and Lincoln, Nebraska. Louis, Missouri; Pittsburgh, Pennsylvania; Kansas City, Kansas and Greenville, South Carolina, among others. This is about new customer relationships, and better access to credit and local jobs.”.
PYMNTS
JUNE 24, 2016
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 .
PYMNTS
FEBRUARY 7, 2020
According to reports out earlier this week, Goldman Sachs and Amazon are in discussions about possibly partnering for small and medium-sized (SMB) business lending in the U.S. The partnership would apply Goldman’s lending technology to SMB loans on Amazon’s underwriting platform, according to unnamed sources.
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