Loans

Square Expands into Consumer Lending, Keeps Banking Hopes Alive

October 16, 2018
Article by:

Outside the Square Headquarters in San Francisco

Square is no stranger to payments and is looking more and more like a bank every day. Square Capital already facilitates loans to small businesses, and now they’re expanding into consumer loans. Meanwhile, it’s been several months since Jack Dorsey’s fintech startup withdrew its application to become an Industrial Loan Company (ILC), but Square’s banking […]

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Digital Mortgage Lender “Better” Goes Where No Fintechs Have Gone

October 8, 2018
Article by:

Eric Wilson

Eric Wilson, co-founder, Better Mortgage One product noticeably absent from fintechs expanding into lending or banking is mortgage loans, but now a fintech startup is looking to disrupt the $13 trillion mortgage industry. Eric Wilson is co-founder and head of operations at Better Mortgage, a New York-based digital mortgage lender. Wilson explained to deBanked: “Our […]

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PeerIQ Report Shows Mixed Signs for Non-Bank Lending

June 7, 2018
Article by:

PeerIQ Lendit

PeerIQ released its 2Q2018 Lending Earnings Insight Report today, presenting forward-looking insights into the FinTech & non-bank space.    The report said that CEOs and CFOs see tax reform as increasing consumers’ disposable income. However, “an increasing supply for credit and demand for credit, as well as re-normalization trends and increased competition are leading to […]

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Lending Disruptor, Rocket Mortgage, Announces First eSports Sponsorship

January 22, 2018
Article by:

rocket mortgage and 100 thieves

Rocket Mortgage has thrown its hat into the burgeoning eSports ring, Quicken Loans, its parent company, announced on Friday. The brand has entered into a sponsorship agreement with the 100 Thieves’ League of Legends division. Citing a synergy between the end-to-end online and on-demand mortgage product and the “disruptive” world of eSports gaming, Quicken Loans […]

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Was This Bitcoin Lender Paying Returns Too Good to Be True?

January 17, 2018
Article by:

shell game

As the rivers flowed red with the blood of crashing cryptocurrencies Tuesday, one company did not survive. BitConnect, a company infamous in the crypto community for paying out obscenely high returns for lending your bitcoins, may have been too good to be true. BitConnect offered investors the opportunity to make loans on their platform and […]

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New Mexico Bill Would Allow State Employees to Repay Loans Via Paychecks

January 15, 2018
Article by:

shiprock at sunrise, new mexico

Proposed legislation would enable New Mexico to offer small loans to state employees that are paid back via deductions from their paychecks. Put forth by Democratic state Senator Bill Tallman, the bill would put a 30 percent ceiling on interest rates for loans obtained via the program and limit repayment to 12 percent of gross […]

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Payday Loan Convict Scott Tucker to be Featured in Netflix Docuseries

January 14, 2018
Article by:

Scott Tucker Race Car

Payday loan mastermind Scott Tucker, who was recently sentenced to 16 years in prison, will be featured in Dirty Money, a Netflix docuseries focused on tales of greed. Watch a trailer of the series below Tucker was among the most prolific payday lenders in the United States, using Native American tribes to shield himself from […]

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Technology Drives Changes in CRE Lending Space

December 21, 2017
Article by:

commercial space

This story appeared in deBanked’s Nov/Dec 2017 magazine issue. To receive copies in print, SUBSCRIBE FREE Online technology, which paved new paths for consumer and small business lending, is making similar inroads with the commercial real estate industry. Over the last few years, several online marketplaces have been established to try and match commercial real […]

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LendingPoint: CAN Capital’s Close Neighbor in Kennesaw

August 14, 2017
Article by:

welcome to kennesaw

This story appeared in deBanked’s Jul/Aug 2017 magazine issue. To receive copies in print, SUBSCRIBE FREE LendingPoint, a consumer lender staffed largely by former CAN Capital employees, may have something to teach the alternative small-business finance industry about creditworthiness. Three-year-old LendingPoint claims to go beyond FICO scores to bring each applicant’s sense of fiscal responsibility […]

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SmartBiz Loans Expands Its Footprint With a NorCal Bank

April 25, 2017
Article by:

bank

Technology-based lending platform SmartBiz Loans, which is dedicated to facilitating SBA loans, has expanded its bank roster. SmartBiz announced today a new partnership with Sacramento-based Five Star Bank, bringing the tally of the number of banks on the startup’s platform to five and thrusting marketplace lending into the spotlight once again. Five Star already delivers […]

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