Newsletter Sent On: 07/31/2020

WATCH: deBanked Reports On The New York APR Law Read more

Enova & OnDeck: Behind The Biggest Deal of 2020
How the company's value went from over $1 billion to less than $100 million in five years Read more

Shopify Originates $153M in Funded Deals in Q2
The company's funding volume and loss ratio was virtually unchanged in Q2 vs Q1 Read more

IN DEFAULT OR ABOVE WATER: How PPP Saved or Didn’t Save America
This story will appear in the July/August magazine issue Read more

Rapid Finance Resumes Funding
This funder is back, according to posts made on social media Read more

Congresswoman Nydia Velazquez Wants CFPB to Regulate Brokers
Her bill, the "Small Business Lending Disclosure and Broker Regulation Act", would ensure many safeguards already required in consumer lending, through the Truth in Lending Act, would also apply to small business credit markets. The bill would bolster the role of the Consumer Financial Protection Bureau in policing small business lending and bring enhanced transparency to small commercial loans. Read more

ILPA Calls New, New York APR Law Their Model Disclosure
ILPA CEO Scott Stewart is very happy with the recent legislation passed in New York Read more

MCA in Conversation: Where do we go from here?
Written by Elevate Funding CEO Heather Francis Read more

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