Newsletter Sent On: 12/20/2023

Biden Issues Veto: CFPB rules can proceed Read more

Intuit's SMB Loans Flat Year-over-Year
Intuit created $305M worth of term loans for small businesses in the fiscal quarter ending October 31, which is a slight decrease from the $314M originated in the same period last year. Read more

Brokers: What's Your Address and Phone Number?
As of January 1, 2024, new regulations in Florida require brokers to disclose their real address and phone number in all advertisements for their services. Violation of these laws, which also prohibit brokers from deceptive business practices, collecting advance fees, and omitting material facts, is punishable by fines of up to $50,000, with enforcement overseen by the Florida Attorney General. Read more

Student-loan borrowers missed their first payment following COVID freeze
Via Marketwatch Read more

deBanked's Top Five Stories of 2023
The most read stories in the finance industry for 2023 include updates on EIDL loans and the ERC program, discussion on Reliant Funding's progress, exploration into Global Funding Experts raising a $100 million debt facility, Bluevine's strategy change, and the implementation of Florida's unique commercial financing disclosure rule. The articles covered insights into the developments and changes across different financial entities and regulatory updates. Read more

US Bank Fined $36M
The bank froze access to hundreds of thousands of prepaid debit cards used to distribute unemployment insurance benefits during the Covid-19 pandemic. Via CNBC Read more

Join the DailyFunder
Have you been on the forum lately? Read more

Three Weeks Until deBanked Miami
Jan 11 is right around the corner Read more

Moving Your Business Forward in a Tighter Credit Market
By Jared Feldman Via Fora Financial's blog Read more

The 888 Pages of Small Business Lending Rules
Throwback to what funders will need to soon implement Read more

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