Newsletter Sent On: 08/16/2018

The Top Small Business Funders By Revenue Read more

Underwriting 101 - Veteran Funders Share Tools of the Trade
For brokers, funding partnerships are critical to success. But making the most of these connections can be elusive. Read more

Why is P2P Lending Unraveling in China?
Renton said that this implosion is largely the result of lax Chinese regulation for a number of years. But the Chinese government is now making up for it. In November 2017, China’s central bank said that no new licenses would be issued to online lending platforms. And with Chinese P2P platforms failing daily this summer, the central government has proposed new measures, according to Xinhua, the official government news agency Read more

As Ripple’s XRP Drops, Legal Trouble Builds
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 Read more

Survey Indicates That Senior Loan Officers Have Eased Standards
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. Read more

Survey Reveals U.S. Small Business Owner Outlook
Confidence among small business owners in the U.S. is up, according to a quarterly online survey produced by CNBC and SurveyMonkey. Read more

OCC’s Fintech Charter is a Mistake
Via PayThink: If facilitating fintech innovation and protecting consumers is the goal, preempting state licensing and consumer laws with a federal charter is not the answer. The OCC’s charter creates a new class of institutions that benefits large, established fintech firms and harms the very innovation and choice that U.S. Treasury Secretary Steven Mnuchin and the Comptroller of the Currency Joseph Otting say it would provide. Read more

Kabbage's Forbes Interview
Excerpt: There are few issues that really kill a business. An entrepreneur needs to both be able to look around the corner as to what might kill it in the future and have the fortitude to make difficult decisions. Businesses are constantly faced with life or death scenarios—the ones that make it through those issues are the ones that become great. Read more

Fed's Probe Commercial Mortgage Fraud
Via American Banker Read more

States Take Action on Online Bitcoin Lending
Via Manatt Read more

California Supreme Court Rules Interest Rates on Consumer Loans Can be Unenforceable Even if Not in Violation of Usury Limits
On August 13, 2018, the California Supreme Court ruled that a consumer loan not otherwise subject to the state usury cap can have an interest rate so high that the loan agreement is Read more

Join The Industry on October 4th in San Diego
Don't miss out on this incredible opportunity to network with your peers! deBanked CONNECT San Diego tickets are still available! Read more

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

Booming Walmart, Cisco results show US economy’s strength is real and broad-based
Via CNBC: The economy is hot! Read more

Our half-day event is coming October 4th!

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