Newsletter Sent On: 10/15/2020

deBanked Returned to Miami. Watch it! (Video) Read more

DailyFunder Still #1 Small Business Finance Community
DailyFunder, the small business finance forum founded by Sean Murray in 2012, continues to be the leading online community for the industry, according to a recent announcement. The forum recently surpassed 10,000 registered members... Read more

Study Shows APR Disclosure Proposals Are Confusing
The Small Business Finance Association (SFBA) today released a study conducted by Kingsley-Kleimann Group that tested commercial finance disclosures with small business owners. Participants tested in New York and California indicated APR is not fully understood and misleads merchants about the real cost of commercial finance products... Read more

The Roosevelt Hotel is Closing Permanently Due to Pandemic Losses
After nearly a century of quintessential Manhatten hospitality, the Roosevelt Hotel is closing by the end of the month, sources say. A relic of classic New York that survived the Great Depression, WWII, and Broker Fair 2019... Read more

Enova Completes Acquisition of OnDeck
The acquisition creates a company with significant scale and diverse product offerings in consumer and small business market segments with combined originations of nearly $5 billion in 2019 and approximately seven million customers. Read more

Important News for MCA Collection Actions in New York - Governor Cuomo Lifts New York Civil Litigation Tolling Deadlines After November 3, 2020
On March 7, 2020, Governor Andrew M. Cuomo issued Executive Order No. 202 Declaring a Disaster Emergency in the State of New York due to the COVID-19 pandemic. Executive Order 202 was followed by Exe... Read more

The Power of the FTC is Under Siege
The FTC has a slight problem, federal courts around the country are ruling that the regulator does not have the power it presumes it had. Now the issue is heading to the United States Supreme Court Read more

DailyPay Allows Early Paychecks, Sees Adoption Rise in Pandemic Era
Americans are worried about paying their bills. DailyPay, a payment flexibility platform, gives businesses the ability to let workers access their paycheck early. For customers using the platform— no ... Read more

LendingClub Formally Ends Peer Aspect of Its Business
LendingClub announced it would cease offering and selling Member Payment Dependent Notes effective December 31st. Read more

Square, Stripe, Intuit, Shopify, Talked SMB Lending at LendIt Fintech 2020
The LendIt Fintech digital conference was a sign of the times. This year, millions of average businesses and consumers have had to go virtual: they had no choice. 2020 has been a year of str... Read more

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