Newsletter Sent On: 06/30/2020

Lendified Looks Doomed Read more

Business Loan Broker Previously Known As The Tyrant, Pleads Guilty
The owner of a Long Island business loan brokerage accused of orchestrating an advance fee loan scheme, pled guilty this month. Read more

How Should A Merchant Cash Advance Be Structured, What is Syndication, and More?
A recent roundtable hosted by Pepper Hamilton partner Gregory J. Nowak examined some broad questions about MCAs Read more

OnDeck Update 6/23
On June 23rd, OnDeck filed the following statement with the SEC Read more

IOU Financial Affected By COVID-19
IOU Financial approved the re-appointment of all of its current directors and auditors. However, the company, however, is currently experiencing challenges similar to other online lenders. Read more

Kabbage and Uber Partner for PPP
Two months after its first round, Kabbage and Uber have partnered to offer a streamlined PPP application process for the latter’s drivers. In a surprise move, the companies have come together to offer... Read more

LendingClub Looks Ahead
LendingClub sees positive signs about prime borrowers in its data Read more

BFS Capital Appoints New CTO
BFS Capital appointed Raif Barbaros as Chief Technology Officer Read more

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