loans

Several US States Sue Banking Regulator Over ‘True Lender’ Rule

Several US States Sue Banking Regulator Over ‘True Lender’ Rule
Several US States Sue Banking Regulator Over ‘True Lender’ Rule
January 06, 2021  |  Loans

Washington D.C. joined seven states in suing a bank regulator over a rule they fear could encourage predatory lending by stopping them from leveling state...

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Chinese Government Asks Ant Group To Share Consumer Data
Chinese Government Asks Ant Group To Share Consumer Data
January 06, 2021  |  Cross-border Payments

Chinese regulators want billionaire Jack Ma to share consumer-credit data collected from his financial technology company Ant Group, which he’s largely resisted doing for years, The Wall Street...

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Opportunity Fund Teams With CUs For SMB Lending Campaign
Opportunity Fund Teams With CUs For SMB Lending Campaign
January 05, 2021  |  B2B Payments

Longtime small business microlender Opportunity Fund is teaming up with a trio of credit unions (CUs) as part of the nonprofit’s bid to invest $1...

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RAKBANK Renews Collaboration With Invoice Bazaar To Help SMBs
RAKBANK Renews Collaboration With Invoice Bazaar To Help SMBs
January 04, 2021  |  B2B Payments

The National Bank of Ras Al Khaimah (RAKBANK) has renewed its collaboration with Dubai-based FinTech Invoice Bazaar, according to a Monday (Jan. 4) announcement emailed...

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Finance Factory Debuts Automated Credit Review Platform
Finance Factory Debuts Automated Credit Review Platform
January 03, 2021  |  B2B Payments

Finance Factory has rolled out its new automated credit review platform, which will be able to analyze 27 data points quickly and determine a borrower’s...

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New SMB Stimulus Package Could Again Be Vulnerable To Fraud
New SMB Stimulus Package Could Again Be Vulnerable To Fraud
December 30, 2020  |  Cybersecurity

Although the $900 billion COVID-19 relief package passed by the White House this week includes $284 billion for small and mid-size businesses (SMBs), there are...

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Lendio Reintroduces Digital PPP Loan Application For SMBs
Lendio Reintroduces Digital PPP Loan Application For SMBs
December 29, 2020  |  B2B Payments

To speed up the approval process for small firms when the Paycheck Protection Program (PPP) opens once more, Lendio said it has rolled out its...

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Today In Payments Around The World: Mytheresa’s Parent Files For IPO; Ant Considers Moving Financial Services To Holding Company
Today In Payments Around The World: Mytheresa’s Parent Files For IPO; Ant Considers Moving Financial...
December 29, 2020  |  Cross-border Payments

In today’s top payments news around the world, Mytheresa parent company MYT Netherlands Parent B.V. said it has filed a registration statement to go public,...

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