Newsletter Sent On: 08/31/2020

deBanked TV - Episode 20 - "It's Gold Jerry, Gold!" Read more

QuickBooks Capital Has Already Funded $683M in Business Loans
QuickBooks Capital has funded $683M in small business loans since Intuit launched the program in late 2017. This excludes the $1.2 billion in PPP loans the company facilitated... Read more

PayPal is Entering the Installment Lending Space
Via Forbes: PayPal is gearing up to compete with fintech lenders like Affirm. Read more

Banks, Non-Banks, Fintech and More Came Through for Lendio on PPP, But it Wasn't Easy
Lendio, a facilitator of small business loans, released a report analyzing the $8 billion of PPP loans that were approved through its lending platform. A coalition of more than 300 lenders ... Read more

ODX Introduces New Contact-Free Banking Platform
ODX, a banking originations platform, announced the launch of a new serviceā€”a Digital Account Opening (DAO) experience. With billions of dollars in successfully facilitated loans, the subsid... Read more

Indictments Purportedly Imminent in Richmond Capital Group Case
An attorney representing defendants in the NY AG case say his clients are caught between a rock and a hard place Read more

Sketchy Virginia SBA Loan Brokers Indicted
Ronald A. Smith and Terri Beth Miller, owners of Virginia-based Business Development Group (BDG), an SBA loan brokerage, were indicted this month over an advance-fee scheme in which many customers are... Read more

Section 1071 is Back - And How Much Will it Cost?
The CFPB wants to know how much it will cost small business finance companies to comply with Section 1071 of Dodd-Frank. You are invited to take their survey Read more

CEO Of Online Lender Arrested For PPP Fraud
You might not have heard of this company, but the FBI has Read more

Avant, Marlette Funding Entered Into Settlement in Colorado
It's said that this paves the way for the bank partnership model in Colorado, but does it really? Read more

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