loans

SMB Lender OnDeck Gears Up For Asset-Backed Security Sale

SMB Lender OnDeck Gears Up For Asset-Backed Security Sale
SMB Lender OnDeck Gears Up For Asset-Backed Security Sale
April 26, 2021  |  Partnerships / Acquisitions

OnDeck Capital, the small to medium-sized business (SMB) digital lender, is reportedly gearing up for its first bond sale after installment loan issuer Enova International...

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Credit Union Group Adds Voice To Resolving PPP Problems For SMBs
Credit Union Group Adds Voice To Resolving PPP Problems For SMBs
April 23, 2021  |  Loans

The Paycheck Protection Program (PPP) has a problem with its forgiveness program, according to the Credit Union National Association (CUNA), which wrote to the House...

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CFPB Tries To Fend Off A Potential Foreclosure Crisis
CFPB Tries To Fend Off A Potential Foreclosure Crisis
April 20, 2021  |  Loans

The Consumer Financial Protection Bureau (CFPB) is taking a long hard look at mortgage servicers — and whether they’ve really been compliant with pandemic-era programs...

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Ally Financial Posts $796 Million Q1 Net Income
Ally Financial Posts $796 Million Q1 Net Income
April 16, 2021  |  Earnings

Ally Financial, a Detroit, Michigan-headquartered automotive financial services company, posted first-quarter 2021 results showing net income of $796 million, after reporting a loss in the...

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Short-Term SMB Funding, Done Digitally And Down Under 
Short-Term SMB Funding, Done Digitally And Down Under 
April 16, 2021  |  B2B Payments

In the land down under, faster payment rails and faster funding can help smaller firms manage cash flow more efficiently and capitalize on their growth...

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Camino Financial, Lendio Collaborate To Provide SMB Capital
Camino Financial, Lendio Collaborate To Provide SMB Capital
April 14, 2021  |  B2B Payments

In order to provide funding for small to medium-sized businesses (SMBs) for underserved communities, mission-driven financial technology firm Camino Financial has teamed with lending marketplace...

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Square To Launch Square Loans In Australia For SMEs
Square To Launch Square Loans In Australia For SMEs
April 14, 2021  |  Loans

Square plans to launch its lending product, Square Loans, in Australia. The offering assists small companies with expansion by providing them with easy and expedient...

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Wells Fargo Reports 20 Pct Rise In Consumer Debit Card Spend Amid Pandemic Recovery   
Wells Fargo Reports 20 Pct Rise In Consumer Debit Card Spend Amid Pandemic Recovery   
April 14, 2021  |  Earnings

Wells Fargo reported Wednesday (April 14) results that showed approximately 6 percent growth in credit card-based spending, with notable growth of approximately 20 percent in...

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Digital Bank Brings Special Treatment To Debt-Strapped Doctors
Digital Bank Brings Special Treatment To Debt-Strapped Doctors
April 13, 2021  |  Digital-First Banking

Physician, heal thyself — financially. Student debt in times of financial stress can be a crushing burden. That’s especially true for individuals who have chosen...

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