Newsletter Sent On: 01/25/2018

MCA Helpline is Sued For Tortious Interference Read more

StreetShares Raises $23M in Series B
The round was led by a $20 million investment from Rotunda Capital Partners, LLC, and included an additional $3 million from existing investors, including veteran-focused venture firm, Stony Lonesome Group. Read more

MCA Still Relatively Unknown in UK?
A business finance broker in Manchester goes into MCA and finds awareness disappointingly low Read more

Roostify Integrates With LendingTree
Roostify, a provider of automated mortgage transaction technology, yesterday announced that it has integrated its online mortgage platform with LendingTree Read more

Bitcoin Lender Alleged to be Ponzi Scheme in Class Action
BitConnect allegedly promised investors that its proprietary trading platform would use the funds to generate a monthly return of 40 percent or a daily compound rate at 1 percent, which could amount to 3,000 percent annually. Read more

loanDepot Pioneers Next Era of Fintech
In Q1, a newly formed venture, mello Home, will connect pre-approved homebuyers with verified real estate agents in their local market, and help consumers find and hire home improvement and other pros. Read more

RateSetter Exits Unsecured Business Lending Market
UK-based RateSetter is winding down its unsecured business lending after a review of its commercial finance propositions. Read more

SpotCap Forms Partnership With Austrian Bank
SpotCap, an online business lender with operations in the UK, Spain, the Netherlands, Australia and New Zealand, is making its foray into Austria Read more

The CFPB Published Its Introspective RFI
The Bureau of Consumer Financial Protection (Bureau) is seeking comments and information from interested parties to assist the Bureau in assessing potential changes that can be implemented to the Bureau’s Civil Investigative Demand (CID) processes, consistent with law, to consider whether any changes to the processes would be appropriate. Read more

Fake Ethereum Wallets Target Mobile Users
One fake wallet is available on Google Play Read more

Machine Learning Helps CUs Book Small Business Loans More Profitably
Gallagher stated in credit union business lending there are two general camps. Those large enough, and willing, to spend the resources to hire professional originators to generate large loans. The other camp contains credit unions without originators and tools to effectively originate loans. Read more

Canadian Competition Bureau recommends flexibility in fintech regulation
While financial regulators in Canada have expressed interest in supporting homegrown fintech start-ups, the fragmented and undefined regulatory landscape has proved challenging for many businesses. Read more

Get Certified in MCA Basics
Make sure you know how MCAs really work before you sell them Read more

Zopa Reopens to New Investors
Since March 2017, Zopa has operated a waiting list to prioritise existing customers Read more

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