loans

Rent-a-Bank Model May Be Living on Borrowed Time

Rent-a-Bank Model May Be Living on Borrowed Time
Rent-a-Bank Model May Be Living on Borrowed Time
February 07, 2022  |  Banking

As FinTechs gain ground within financial services, as banks partner with these digital-first upstarts to broaden their offerings, several business practices are coming under scrutiny...

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Platforms Force Banks to Rethink Their BNPL Value for Small Merchants
Platforms Force Banks to Rethink Their BNPL Value for Small Merchants
February 07, 2022  |  Banking

With new entrants to the business lending environment adding competition — and then pressured by a two-year cash crunch coupled with new forms of lending...

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Advocacy Groups Call on Regulators to Ban High-Interest Rate FinTech Loans
Advocacy Groups Call on Regulators to Ban High-Interest Rate FinTech Loans
February 06, 2022  |  Banking

A coalition of advocacy groups wants U.S. regulators to look more into banks partnering with FinTechs to charge predatory interest rates that would be otherwise...

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Mexican FinTech Uses DeFi to Provide Collateral-Free Loans to Small Businesses
Mexican FinTech Uses DeFi to Provide Collateral-Free Loans to Small Businesses
February 04, 2022  |  Loans

A Mexican lender is taking DeFi borrowing beyond crypto and into the broader financial market, extending $40 million in credit lines to small business customers....

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Sumitomo Mitsui Credit Facility Helps Lafayette Square Invest in Underserved Businesses
Sumitomo Mitsui Credit Facility Helps Lafayette Square Invest in Underserved Businesses
February 03, 2022  |  Investments

Investment firm Lafayette Square and its affiliates on Thursday (Feb. 3) signed a debt financing deal in the form of a credit facility of up...

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Amount Snaps Up Linear to Power Loan Origination Programs
Amount Snaps Up Linear to Power Loan Origination Programs
February 01, 2022  |  Partnerships

Banking tech provider Amount is acquiring small business and account origination platform Linear Financial Technologies for an undisclosed amount, the companies announced on Tuesday (Feb....

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Israeli FinTech Bizi Nets $7.5M for SMB Credit Lines
Israeli FinTech Bizi Nets $7.5M for SMB Credit Lines
January 30, 2022  |  Investments

Bizi, a FinTech company working to get credit lines to small and mid-sized businesses in Israel, has raised seed funding of $7.5 million, a report...

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US Banks Look for Interest Earning to Rebound in ’22
US Banks Look for Interest Earning to Rebound in ’22
January 27, 2022  |  Bank Regulation

A new economic forecast says U.S. banks will see more growth from the “bread and butter” business of taking deposits and lending money, Reuters writes....

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