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Deep Dive: How CUs Are Rethinking Their Credit Solutions During The Pandemic

PYMNTS

San Diego-based California Coast Credit Union , for example, has instituted automatic loan deferral for its members, while Texas-based Border Federal Credit Union has aided members in filling out online applications for Paycheck Protection Program (PPP) loans.

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New Investment for Dealstruck Boosts Lending Capital to More than $100 Million

Fintech Labs Insights

The online business lender now has a total capital of $70 million and says the investment will enable it to lend more than $100 million to small businesses. “The growth in alternative lending has breathed new life into so many small businesses,” Senturia said.

Capital 12
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StockTwits Has a Big Week: New Funding, New CEO

Fintech Labs Insights

The San Diego-based company today announced it not only closed on new funding, but also appointed a new CEO. Rosen most recently served as CEO of Even Financial, a supply side platform for online lending. StockTwits , a social network for stock market investing, returned from the U.S.

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2020 GonzoBanker Awards

Gonzobanker

Financial institutions went from having no PPP lending program at all to funding their first loan in 90 days – and this with literally last-minute regulatory guidance. The Gonzo In Remembrance Award Goes to the vibrant and unforgettable Irene Oberbauer , retired CEO of San Diego County Credit Union. Gritty is good.

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Eyes Facing Forward

Independent Banker

But industry consultant Joseph Cady says community banks can stand up and win against the new breed of technology-tethered competitors, including online-only lenders. The catch phrase for new nonbank competitors leveraging digital operations and service channels against community banks can conjure up daunting challenges.

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Fintech Fundings: 22 Companies Raise $590 Million Week Ending Oct 9

Fintech Labs Insights

HQ: San Diego, California. Online payments & collections platform. Tags: Consumer, lending, banking, insurance, credit cards, lead gen. Total raised: $262 million (including $150 million debt). Source: Crunchbase. Balance Credit (SunUp Financial). Consumer alt-lender. HQ: Irving, Texas. Total raised: Unknown.

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Fintech Fundings: 30 Companies Raised $330 Million First Week of August

Fintech Labs Insights

HQ: San Diego, California. Online payment service. Online payment service. Lending marketplace for small businesses. Online insurance broker. Tags: Institutions, lenders, mortgage, lending, customer service, mobile, account opening. Total raised: $95.1 Source: FT Partners. Insurance portal.