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Minnesota federal court decision is warning to lead generators

CFPB Monitor

The amended complaint names a payday lender and two lead generators as defendants and includes claims for violating Minnesota’s payday lending statute, Consumer Fraud Act, and Uniform Deceptive Trade Practices Act.

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PaySwag Helps Cloud Lending Solutions Go Mobile

Fintech Labs Insights

Debt repayment app PaySwag will integrate its mobile technology with Cloud Lending’s lending platform courtesy of a partnership announced today. The white-label solution enables Cloud Lending customers to view, pay, and refinance their loans by mobile device. Snehal Fulzele is CEO. Max Hanes is CEO.

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Oportun Personal Loans Review: For Borrowers With No Credit

MyBankTracker

APRs are lower than predatory lending options. While the loans are very expensive, they offer a middle ground between traditional loans and potentially predatory payday lending. Unlike Oportun, traditional lenders usually look at your credit score when making a lending decision. Designed for borrowers with no credit.

Idaho 52
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Here Is the Latest Credit Data To Keep Your Bank Safe

South State Correspondent

As can be seen, Georgia, California, and Nevada have the highest levels of probabilities of defaults and some of the highest increases. Multifamily, while the actual risk remains low, is increasing in risk by a factor of three due to the continued supply that is coming online this year in most markets.

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FTC Charges Payday Lender With ?Deceptively? Overcharging Clients

PYMNTS

After a payday lender allegedly left consumers to pay more than promised by drawing continued interest-only deductions, the Federal Trade Commission (FTC) has charged a lending operation with overcharging customers and taking money from their bank accounts without authorization. La Posta Tribal Lending Enterprise; Ebisu Marketing, Inc.;

Nevada 198
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Fintech Fundings: 15 Companies Raise $125 Million Week Ending May 1

Fintech Labs Insights

Online auto insurance comparison site. Online & mobile payment solutions in Southeast Asia. Online real estate investment platform. HQ: Las Vegas, Nevada. Tags: Peer-to-peer, P2P, lending, investing. Source: Crunchbase. MX (formerly MoneyDesktop). Digital banking platform for financial institutions. OrbitRemit.

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Fintech Fundings: 36 Companies Raise $480 Million Week Ending March 18

Fintech Labs Insights

million for its P2P lending platform for small businesses. Alt-lender focused on lending against existing automobile titles. P2P real estate lending marketplace. Peer-to-peer lending marketplace. Tags: SMB, lending, P2P, peer-to-peer, underwriting, credit, investing, Finovate alum. SmartAsset raised $3.8

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