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Prosecutors Target Loosely-Regulated Business Lending Sector

PYMNTS

Federal and state authorities are targeting companies that allegedly lend money to small businesses at extreme rates and seek to collect payments with heavy-handed tactics, NBC News reported Tuesday (Aug. One business owners said he felt as if he were dealing with an entity almost like “a gangster operation.”.

Lending 237
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The benefits of micro-lending programs

Independent Banker

which operates $12 billion-asset OceanFirst Bank N.A. Although the SBA already operates a microlending program, the underwriting standards are similar regardless of whether it is a $5,000 or $50,000 loan. in Toms River, N.J. Jenny Bennett, market president at $850 million-asset Summit Bank in Eugene, Ore., saw something similar.

Lending 150
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Loan-pricing models: What to consider for loan origination software

Abrigo

Leveraging the efficiencies gained from lending software Banks and credit unions that leverage an integrated lending and credit platform reap the benefits of a consistent, efficient and defensible lending program. Lending and Credit Software. Ag Lending. Lending & Credit Risk. Lending & Credit Risk.

Software 195
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Philly Mall Owner Sets The Tone For Digital 3.0

PYMNTS

A Philadelphia-based mall owner is taking a proactive approach to the digital shift and back-to-school shopping. PREIT (Philadelphia Real Estate Investment Trust) is curating its first eCommerce offering in what it says is a unique avenue to engage consumers from a multi-retail perspective. In a trade publication. “We

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B2B Fraudsters Find New Twists In Old Scam Favorites

PYMNTS

New scrutiny has hit a Pennsylvania public transport authority, SEPTA, with sources telling The Philadelphia Inquirer that allegations of fraud have led to involvement by the Federal Bureau of Investigation. percent of overall revenue to lending fraud, that figure jumps as high as 5.8 Mixing Internal and Internal Fraud.

Fraud 157
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Philly Consortium Advances ‘Regenerator’ Concept For SMBs

PYMNTS

Put forth by a consortium of Philadelphia-area advocacy groups and academics, a Regenerator is a kind of public-private partnership that will coordinate available resources and find new ones to help individual businesses survive. “The It’s called Main Street Regenerators.

Maine 138
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Banks and CDFIs: Partnering for community impact

Abrigo

Terms range broadly based on the interests of the bank and the activities and needs of the CDFI—from short term operating lines of credit to long term loans that support a CDFI’s lending to affordable housing and community facilities developers, for example. Banks and CDFIs will also frequently co-invest in projects.

Community 246