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| The New Face of COJs? The NYC Taxi Business Read more |
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No Fees, Ever - Is Goldman Sachs Winning Or Losing The Online Lending Battle? Peer-to-Peer lending in the United States died the day Goldman Sachs launched a rival online lending company in 2016. Armed with a low cost of capital and the trust of a household name, Marcus, as Goldman Sachs referred to themselves, sought to further disrupt consumer lending by eliminating every type of fee including late fees. Its pitch was simple Read more |
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Only 23 Days Until deBanked CONNECT San Diego |
| Register today before it's too late! Read more |
deBanked Around The World |
| Members of the deBanked editorial team returned from Ireland this week. The Republic of Ireland will be the latest in our international series on nonbank finance. Stay tuned for our stories on that.... Read more |
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Subprime: Business Owners That Won Bitter Lawsuit Against Marcus Lemonis, Indicted |
| A pair of business owners whose appearance on CNBC's The Profit ended in a legal battle with celebrity investor Marcus Lemonis, are back in the spotlight. Howard Mora and Alan Buxbaum, co-owners of de... Read more |
Head of MyPayrollHR Charged in Massive Nine-Year Bank Fraud |
| When MyPayrollHR left thousands of companies and their employees high and dry without their paychecks earlier this month, suspicion grew that the company's rather mysterious owner, Michael Mann, may h... Read more |
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Online Lenders Wins Massive Arbitration Award |
| The difficulties the retailer encountered, the arbitrator wrote in his written decision, were caused by the owners’ inexperience, mismanagement of the business, the rapid expansion of the business, the assumption of millions of dollars of debt, and excessive owner compensation. Read more |
Avi Wernick and Boris Kalendarev Move to RDM Capital Funding |
| Avi Wernick and Boris Kalendarev are joining RDM Capital Funding as the new Director of Partnerships and Strategy and CFO/COO, respectively.The move comes after a fruitful year for the company, wi... Read more |
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Nationwide Management Services Adds New Features To Its Virtual Site Inspections |
| Nationwide Management Services Inc. (NMSI) announced two new features have been added to its Virtual Site Inspection Software that will change the merchant cash... Read more |
Could Peer-to-Peer Lending Be Resurrected By Falling Interest Rates? At Least For Now? |
| Interest rates are falling and it’s possible that retail investors once wooed by modestly generous savings account rates could begin to consider alternative options to generate returns. Enter P2P lending, again. Read more |
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Gone with the Wind: $35 Million Missing as Payroll Company Closes and President’s Home Raided |
| Knocking on the door of a lake-view house in Edinburg, NY last week, reporters from both the Times Union and Daily Mail were met with pleas from a woman to leave her property and notice that she would... Read more |
Prominent Attorney Criminally Charged In 1 Global Capital Mess |
| Another individual has been criminally charged in connection with the 1 Global Capital securities case. 74-year-old Jan Douglas Atlas, a securities attorney, was charged with 1 count of securities fra... Read more |
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