Nice Asset, Sure Would Love to Lend Against It At the Domainer Expo in Las Vegas, a representative of the lending community proposed utilizing domain names as collateral for business loans. The value of the domain name would be based on the sales generated through the site, and a company could potentially put their domain name into escrow in seconds, without disruption to the website, making the loan process simpler and less complicated for both parties involved. Read more
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Small Businesses More Understanding, Looking for LOCs | Enova remains committed to its highly compliant ISO partners Read more
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Bluevine Partner Email Circulates | Around 300 resellers received an email from Bluevine's Partner Notifications account, stating their Referral Marketing Agreements were terminated, a move confirmed by a company representative who said they were transitioning away from the ISO/reseller model. Recently, Bluevine has made several strategic changes, including relocating its headquarters to Jersey City, NJ, launching an Accounts Payable solution, and offering protection of up to $3 million for business banking customers. Read more
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Wait, Is Section 1071 On The Verge Of Being Cancelled? | The US House and Senate have voted to eliminate rules issued by the Consumer Financial Protection Bureau (CFPB) for small business lenders, which were detailed in an 888-page handbook and established through 13 years of research. The legislation does not, however, remove Section 1071 of the Wall Street Reform and Consumer Protection Act of 2010 that mandates these rules, meaning that if President Biden does not veto the legislation, the CFPB will have to draft a new set of rules. Read more
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Expecting a Huge Turnout for deBanked CONNECT MIAMI | Prominent insiders have high expectations for a large turnout at deBanked CONNECT MIAMI on January 11th in Miami Beach, which will feature the first ever Broker Battle, an all-in-one broker info session called Broker Brilliance, a keynote from industry veteran David Goldin, technology showcases, and networking opportunities. Industry players have never shown this much interest in the event before. Read more
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