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Off The Continent And Into Puerto Rico For Online SMB Lending

PYMNTS

In a partnership formed recently with Puerto Rico’s Oriental Bank, Biz2Credit said late last month that it has begun offering its digital lending platform to the bank’s commercial clients. Verticals within the SMB realm that may be receptive to online lending, he said, include manufacturing and retail.

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This Week In Retail: Funding, Finance And Tech

PYMNTS

online lender Prodigy’s funding news for expansion into the U,S., Walmart’s two new partnership announcements , and the news that the CFPB is ordering American Express to pay out money to those hurt by unfair practices. Moving into lending news, U.K.-based based online lender Prodigy shared its funding news.

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Lease-To-Own Services Make A Comeback With Overstock.com

PYMNTS

Overstock.com is no stranger to offering financial services — it already provides credit cards, lending, investments and insurance services to its customers. After receiving their orders, customers can own the item by paying a “90-day purchase option, an early lease buyout, or by completing 12 months of payments,” according to the company.

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NY DFS announces multistate investigation of payroll advance industry

CFPB Monitor

” Rather, they argue that the advances are payments for compensation already earned. Puerto Rico Comisionado de Instituciones Financieras. Participants in these programs do not view the advances as “loans” or “credit” or the tips as “interest” or “finance charges.” New Jersey Department of Banking and Insurance.

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Fintech Fundings: 12 Companies Raise $240 million Week Ending June 25

Fintech Labs Insights

That makes the credit score provider the second most valuable alum (after Lending Club , currently trading at $6 billion). Cross-border payments. Mobile payments for vending machines. Payments risk & compliance management. Payments gateway for online marketplaces. Online investment manager.