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Young Consumers Love to “Buy Now, Pay Later” – Here’s What to Know About the Explosive Fintech Trend

Perficient

Buy now, pay later (BNPL) is a type of point-of-sale installment loan that partners with retailers to allow consumers to pay for their purchases in multiple equal payments. which is a huge draw to using BNPL as a non-cash payment method. What Are Some Buy Now, Pay Later Companies? Which one is best for me?

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Meta Financial gains national lending platform with Crestmark deal

Payments Source

The payments company will pay $321 million for Crestmark Bank, a commercial lender that focuses on asset-based lending, equipment finance and government-guaranteed loans.

Lending 63
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Unpaid Student Loans Cost Workers Jobs, Drivers’ Licenses

PYMNTS

Student loans have an unexpected consequence if they go unpaid: Borrowers who default on their payments can lose their state-issued professional licenses. What’s more, in South Dakota, a borrower’s driver’s license can be suspended, which makes it close to impossible for them to get to work. “It’s

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What Is Powering The Emerging Pawnaissance?

PYMNTS

While short-term lending in general has a pretty rough reputation, the pawn loan is the most ill-regarded arena in an already unloved category of consumer lending. The loan amount a borrower can get from a pawnbroker is determined solely by the value of the item itself; as in most forms of short-term lending, there is no credit check.

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“Dormant Commerce Clause” case law continues to evolve

CFPB Monitor

Ballard’s client also obtained a $440,000 payment from the State of Indiana to resolve its claim for attorneys’ fees as a “prevailing party” in a federal Civil Rights Act lawsuit that it brought following that ruling. This restriction on state power is commonly referred to as the “dormant Commerce Clause.”. The same could be said here.

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Sizzle Or Fizzle: Facebook, Online Lending, Cash – And The Twilio Surge

PYMNTS

Is payment enabling those storefronts next? . Online lending . This is no FinTech or payments unicorn, really, but rather a communications play via app software where top line growth of roughly 88 percent is enough to have the Street looking ahead to some type of profit scenario. billion people a month who visit it.

Lending 101
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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. North Dakota Department of Financial Institutions. South Carolina Department of Consumer Affairs. South Dakota Department of Labor and Regulation’s Division of Banking. Oklahoma Department of Consumer Credit.