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Kayla Ayres: PayPal is saying
little about its small business

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lending division in the
company's fourth quarter

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earnings report, but it is
putting its digital wallet app

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Venmo in the spotlight Venmo
ended the year with 52 million

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active accounts and processed
more than $29 billion just in

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the fourth quarter. PayPal CEO
Dan Schulman said that they want

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to enable Venmo to grow as
rapidly as possible. Venmo has

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reportedly not turned a profit
yet but Schulman says the growth

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has created a line of sight to
the breakeven point. Some big

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news for merchant cash advance
providers. A New York Appellate

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Court just issued a series of
rulings that overturn decisions

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that have raised legal questions
for years about merchant cash

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advance transactions. In one
particular case, a panel of

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judges said the lower court
erroneously interpreted the law

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that dictates how a confession
of judgment can be vacated.

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Industry insiders are relieved
by the results.

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I'm Kayla Ayres and this is
deBanked News.