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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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Old Doral Assets Producing for Popular

American Banker

A decline in expenses and a modest rise in lending income boosted first-quarter profit at Popular in San Juan, Puerto Rico.

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CUs Try To Solve The Cannabis Cash Conundrum

PYMNTS

A bit closer to home, the New York State Department of Financial Services (NYDFS) has stated that it will lead a multi-state investigation into alleged violations of state regulations of the short-term lending industry. Of particular focus will be payroll advances, according to reports.