Canada Reduces Max APR Cap From 47% to 35% The government of Canada announced that it will be reducing the max allowable loan APR under the Criminal Code from 47% to 35%. The startling news was included in the annual federal budget report... Read more
"The event's theme, ‘forging inclusive excellence in equipment finance,’ set the tone for the group's mission to advance diversity, equity, and inclusion (DEI) in the industry," said George Parker... Read more
Remember Prosper Marketplace from back in the old peer-to-peer lending days? Well, they're still around. In fact, the company originated $3.3B in loans in 2022, up from $1.9B in 2021. AND they were... Read more
Ask yourself this, that customer who missed a payment, do you actually want to continue working with them in the long run? If so, consider just how critical your approach to that missed payment will b... Read more
The financial platform dedicated to servicing e-commerce companies is now going by the name, SellersFi. Diversifying the brand beyond their funding capabilities, the rebranding is to bridge the gap be... Read more
Georgia is on pace to become the next state to pass a commercial financing disclosure law. SB 90 has sailed through both the state's House and Senate with strong bi-partisan support and is potentially... Read more
Web-based ChatGPT-4 is pretty powerful which is why I wanted to take the experience to the next level and communicate with it in an easy-to-access terminal window on my desktop computer. ChatGPT, if... Read more
