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| Broker Fair On Pace For Major Success Read more |
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Strategic Funding Builds Executive Team New York-based Strategic Funding has announced the expansion of its executive team with the appointment of a new CFO and the addition of two new roles, Chief Risk Officer and Chief Product Officer. Read more |
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Caught! Backdoored Deals Leads to Handcuffs |
| An employee caught sending deals out the backdoor has been arrested, the third such person to-date that deBanked is aware of Read more |
Funding a Deal Near the Holidays? |
| Do merchants move faster before the holidays or slower? deBanked check in with two people to hear what they've seen Read more |
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Accord Business Funding Makes New Marketing Hire |
| Houston-based Accord Business Funding recently hired Aldo Castro to lead its marketing efforts. His title is Vice President of Sales & Marketing. Read more |
Usury Lawsuit Made Null and Void by Judge |
| An attorney suing MCA companies in New York has once again been told by a judge that he was ineligible to file a lawsuit in the state because he's in violation of Judiciary Law 470. Read more |
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Experian to Stop Reporting All Tax Lien Data |
| According to a March 19 letter sent by Experian to its clients, the company will remove all remaining tax liens from its consumer credit reporting database beginning the week of April 16. Read more |
Pearl Beta Funding Decision a Boon to MCAs, as Long as They’re True to Their True-ups |
| The true-up is a contractual obligation on the part of an MCA funder to adjust the daily payment it receives from a merchant to more accurately reflect the percentage of receivables it is owed. Read more |
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Larry Summers Steps Down from Lending Club's Board |
| It's been a privilege to work with my fellow board members and with the LendingClub management team over the last six years, said Lawrence H. Summers Read more |
Funding Circle Expands U.S. Operations with New Office in Denver |
| The company announced it is expanding its U.S. operations with a second office in Denver, Colorado. With the move Funding Circle will look to hire around 290 new employees in the Denver area over the next two years to support the company's growth. Read more |
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Judge Throws Out Case, Cites Champion Auto Sales Decision |
| A merchant seeking to have a judgment against them voided on the basis that the underlying Purchase and Sale of Future Receivables agreement they entered into was actually a usurious loan, has had their motion denied pursuant to the law as decided in Champion Auto Sales, LLC et al. v Pearl Beta Funding, LLC, court records show. Read more |
Forging Success: Hercules Brings Gibraltar Business Capital into the Fold |
| This Q&A on ABL Advisor explains the acquisition Read more |
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Get Certified in MCA Basics |
| Make sure you know how MCAs really work before you sell them Read more |
FinTech Ventures Fund, LLLP Announces Disposition of Securities of IOU Financial Inc. |
| Immediately after the transaction, FinTech directly owns 11,126,852 Common Shares representing 12.72% of IOU's outstanding Common Shares. Read more |
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Credit Karma and Silver Lake Announce $500 Million Strategic Secondary Investment |
| Credit Karma, the leading personal finance technology company in North America, today announced that Silver Lake, the global leader in technology investing, will acquire a significant minority stake in the company worth approximately $500 million from existing equity holders through an organized secondary process. Read more |
Marshall Lux Joins Marlette Funding as an Advisor |
| Marshall Lux has been a Financial Services consultant and practitioner for 30 years. Read more |
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