Articles by Paul Sweeney

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The Madden Decision, Three Years Later

February 18, 2018
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Thurgood Marshall United States Courthouse

Above: United States Court of Appeals for the Second Circuit. New York, NY This story appeared in deBanked’s Jan/Feb 2018 magazine issue. To receive copies in print, SUBSCRIBE FREE At first, reversing the 2015 Madden v. Midland Funding court decision, which continues to vex the country’s financial system and which is having a negative impact […]

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The Voice of Main Street – Small Businesses Share Their Experience With Non-bank Finance

October 18, 2017
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business owners

This story is from deBanked’s Sept/Oct 2017 magazine issue. To receive copies in print, SUBSCRIBE FREE If she hadn’t scored the $250,000 loan through Breakout Capital in 2015, Jackie Luo says, the commercial-software firm she heads in Baltimore could not have made the “strategic hires” and purchased the new server to support additional customers and […]

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Tech Banks: Will Fintech Dethrone Traditional Banking?

August 20, 2017
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Will Fintech Dethrone Banking?

This article is from deBanked’s July/August 2017 magazine issue. To receive copies in print, SUBSCRIBE FREE On Halloween, 2014, a largely unknown, Boston-based financial institution, First Trade Union Bank, embraced high-technology, went paperless, and officially adopted a new name: Radius Bank. In reinventing itself, Radius did more than dump its dowdy moniker. It shuttered five […]

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The ‘Loan’ Star State – Texas is an alternative finance nexus

June 15, 2017
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Austin, TX

This article is from deBanked’s May/June 2017 magazine issue. To receive copies in print, SUBSCRIBE FREE We’re at Able Lending in Austin, Texas, a financial technology company occupying three floors deep in the heart of the Seaholm power plant overlooking Lady Bird Lake. The fortress-like building anchors an inner-city complex of offices and residences, chic […]

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Fintech Sandbox? States, OCC Mull Regulatory Options

May 2, 2017
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Regulatory Sandbox

It’s called the “New England Regulatory FinTech Sandbox.” Cynthia Stuart – Deputy Commissioner of Banking, Vermont State banking regulators across the six New England states are exploring the creation of a regional compact that would allow financial technology companies to experiment with new and expanded products in “a safe, collaborative environment,” says Cynthia Stuart, deputy […]

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Blazing Trails in Unexplored Financial Markets

April 4, 2017
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fintech

Once upon a time people with health insurance who were treated for medical emergencies, illnesses or chronic health conditions –an illness or accident requiring hospitalization, an appendectomy, or a hip replacement, say – could rest easy. Insurance underwriters like United Health, Wellpoint or Humana would surely handle most, if not all, of a patient’s medical […]

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