Newsletter Sent On: 08/29/2019

New York's COJ Bill Is Now On The Governor's Desk Read more

Born to Borrow
From deBanked's Jul/Aug Magazine Issue. America's obsession with credit may have something to do with the ineffectiveness of financial education Read more

Outside the Box: Idea Financial's Unusual Path to Alternative Finance
How many lawyers does it take to start up an alternative finance company? Two, according to Idea Financial’s Co-founders, Justin Leto and Larry Bassuk Read more

Two Elliman Agents Launch Lending Platform
Via The Real Deal: Cousins John Giannone and Jac Credaroli last month launched a loan origination platform, dubbed Feeasy, that provides quick cash to renters, sellers or buyers who need some extra liquidity to seal a real estate deal. Read more

IOU Financial Originates $38.5M in Q2
IOU Financial originated $38.5M in loans in Q2, up from $32.8M the quarter before. The company said that the figure was actually a 31.8% increase over Q2 2018. In a press release, IOU CEO Phil Mar... Read more

Apple Card Partnership Sees Goldman Sachs Lending to Subprime Borrowers
Apple Card launched this month, and with it have come some complaints over the unforeseen damage that wallets can do as well as an official guide from Apple on how to tend to and clean your new credit... Read more

Jamie Dimon Among 181 CEOs Pledging to Look Beyond Investors
This week, JPMorgan Chase CEO Jamie Dimon along with 180 other CEOs published a statement committing themselves to rethinking corporate priorities and their responsibilities as leaders of business.... Read more

Calls For Oversight As SBA Loans Go To Wall Street, Investor Funds, And High End Businesses In Beverly Hills
In a report released this month by, a non-partisan non-profit organization, outlined how and who the SBA had guaranteed loans for in the years between 2014 and 2018. Covering various ... Read more

Trump Administration Eliminates Federal Student Loan Debt For Totally Disabled Veterans
President Donald J. Trump signed a Presidential Memorandum that will significantly streamline the process to erase federal student loan debt for totally and permanently disabled veterans. Through a process called Total and Permanent Disability (TPD) Discharge, veterans will now have their student loan debt discharged unless they decide to opt-out of the process. The Department anticipates notifying more than 25,000 eligible veterans and continuing the discharge process on a quarterly basis. Read more

Gold Rush: Merchant Cash Advances Are Still Hot
This story appeared in deBanked's Jul/Aug 2019 magazine issue. To receive copies in print, SUBSCRIBE FREELast year, when Kevin Frederick struck out on his own to form his own catering company ... Read more

LendingPoint Closes $250M Credit Facility
Deal can be upsized to $500 million, and provides flexibility for periodic takeout transactions Read more

Turning a New Leaf: Banking Committee Chairman Says It's High Time for New Cannabis Company Regulations
Recent years have seen a surge of popularity for the legalization of cannabis movement across the United States. Beginning with the normalization and legalization of the herb for medicinal use, and th... Read more

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

In China, An Online Lender Caught a Murderer
Via Gizmodo Read more

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