PYMNTS
MAY 2, 2017
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.
PYMNTS
AUGUST 25, 2017
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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PYMNTS
SEPTEMBER 24, 2018
Overstock.com is no stranger to offering financial services — it already provides credit cards, lending, investments and insurance services to its customers. In May , Sears Holdings announced that it had expanded its leasing program to allow customers to finance a variety of products, both in-store and online.
PopularBank
MAY 27, 2020
Leveraging a 127-year history of service in Puerto Rico and 60 years in the U.S., Other resources available to small businesses include the SBA’s Economic Injury Disaster Loans and the Main Street Lending Program. Small businesses can apply online or call their nearest Popular Bank branch to begin the application process.
CFPB Monitor
AUGUST 7, 2019
In its press release, the DFS claims that the investigation will look into “allegations of unlawful online lending” and “will help determine whether these payroll advance practices are usurious and harming consumers.” Puerto Rico Comisionado de Instituciones Financieras. New Jersey Department of Banking and Insurance.
Fintech Labs Insights
JUNE 25, 2015
That makes the credit score provider the second most valuable alum (after Lending Club , currently trading at $6 billion). Payments gateway for online marketplaces. Online investment manager. Puerto Rican marketplace lender. HQ: Puerto Rico. billion valuation. Source: FT Partners. PromisePay.
PYMNTS
SEPTEMBER 30, 2017
Wells CEO Tim Sloan has gotten a letter from the Senate Committee on Small Business and Entrepreneurship asking for information and insight into the firm’s small business lending practices. Fizzle of the Week: Puerto Rico’s Cash Crisis. Puerto Rico is short on cash. I don’t know how to get to the States.
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