Articles by Todd Stone

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Credit Karma Moves Towards Home Mortgages with Acquisition

August 20, 2018
Article by:

home equity

Credit Karma acquired Approved last week, according to a blog post written by Approved CEO and founder Andy Taylor. Approved is a platform that simplifies and facilitates the process of obtaining home mortgage loans. “When we left Redfin three years ago to tackle the often painful and tedious process of getting a home loan, nearly […]

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The Broker: How Zach Ramirez Makes Deals Happen

August 17, 2018
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Zach Ramirez

deBanked interviewed Zachary Ramirez to find out what makes a successful broker like him tick, how he does it, and what kinds of things he’s encountered along the way. Title: Founder and Managing Director of ZR Consulting, LLC, a brokerage of 10 people in Orange County, California. Years in the industry: 6 Age: 29 Number of […]

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StreetShares Moves Headquarters

August 16, 2018
Article by:

Military finance

StreetShares announced yesterday that it has moved to another location in Reston, Virginia in order to accommodate its growing staff, according to the company’s blog. From January of this year to August, SteetShares says it has doubled the size of its workforce and the new space is 10,300 square feet, more than four times the […]

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Survey Reveals U.S. Small Business Owner Outlook

August 16, 2018
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Main Street Small Businesses

Confidence among small business owners in the U.S. is up, according to a quarterly online survey produced by CNBC and SurveyMonkey. Of more than 2,000 small business owners polled from July 27 to August 5 this year, 58 percent of respondents say business conditions are “good,” up from 53 percent last quarter and up from […]

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As Ripple’s XRP Drops, Legal Trouble Builds

August 15, 2018
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Ripple

Ripple’s cryptocurrency, XRP, has dropped by about 90 percent from a high of $3.84 per token in January of this year to $0.29 today. When XRP hit its high of $3.84, Ripple co-founder Chris Larsen briefly became one of the richest men in the world because of his sizable ownership of the currency, his share […]

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Why is P2P Lending Unraveling in China?

August 14, 2018
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China crowd illustration

Back in 2014, peer to peer (P2P) lending in China was all the rage. Multiple P2P platforms were launching daily, with investors and borrowers were eager to participate. According to South China Morning Post, the P2P lending frenzy hit its peak in 2015 when about 3,500 P2P businesses were operating. Now, these same businesses are […]

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Survey Indicates That Senior Loan Officers Have Eased Standards

August 10, 2018
Article by:

Federal Reserve Building

Domestic banks eased standards or terms on commercial and industrial (C&I) loans over the past three months, according to a July 2018 Federal Reserve survey that gathered information from senior loan officers at banks. The survey received responses from 72 U.S. banks. In the survey, banks cited increased competition from other lenders as a reason […]

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Q2 Acquires Cloud Lending Solutions

August 9, 2018
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Q2 Headquarters

Q2 Holdings (NYSE:QTWO), which creates digital banking solutions for banks and credit unions, announced yesterday an agreement to acquire San Mateo, California-based Cloud Lending, Inc., a privately-held software as a service (SaaS) company that provides a lending and leasing platform. According to its website, Cloud Lending says that its lender clients can increase loan volume […]

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Former Lendio Executive Leaves for Enova/The Business Backer

August 8, 2018
Article by:

Jim Granat

Enova announced last week that Jim Granat has joined the company as its Head of Small Business Financing. This will include oversight of Enova’s small business brands: Headway Capital, which provides lines of credit to small business, and The Business Backer, which provides merchant cash advances, among other products. Enova acquired The Business Backer in […]

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Stripe Becomes a Digital Credit Card Issuer

August 8, 2018
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powered by stripe

Stripe has recently started offering a new API, or programming feature, that allows its merchants to offer physical or virtual credit cards to their employees. The product, called “Issuing,” is still being tested and is currently by invitation only, although it does appear as an offering on the company’s website. Merchants can request an invitation. […]

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