Guaranteed approval payday loan from direct lenders sounds a bit long, doesn’t it. First, let’s take a look at the concept. Next, we will discuss the options, suggestions, and all the finer points. What’s a “payday loan”? A payday loan, which is an unsecured, short-term loan, is typically paid back by your next payday. These loans are usually […]
At a glance, it could be argued that small business owners have more choices than ever before to get the working capital they need, as FinTechs, neobanks and traditional lenders all compete to offer loans and lines of credit. But the options available are not always viable options, as the requirements for getting approved for […]
It was the Instagram story heard on the internet. A British regulator called it is “the financial promotion with the largest audience in history”. A morning consultation investigation found that up to 21% of all American adults and almost half of all cryptocurrency owners had seen this advertisement for a risky financial instrument. By all […]
Bitcoin is music to the ears of musicians – at least for some of them. Bitcoin and cryptocurrencies are constantly at the forefront of promise and peril – where holders want to use digital offerings to transact and get paid. Yet the price volatility of these same offers makes it difficult to determine the value […]
At least three Big banks have opted out of a new process to get Paycheck Protection Program loans canceled directly by the Small Business Administration, The Intercept has learned, leaving their small business clients no other recourse. if the banks refuse to cancel loans or drag out the process. Bank of America, JPMorgan Chase and […]
The end of the pandemic, when it comes, will only be identifiable with hindsight. But perhaps a sign that we are nearing the start of the ‘return to normal’ period has to be that once again, David Solomon plays live DJ sets. And once again the gossip columnists are be sarcastic about it, looking for […]
Senators Tim Scott, R-SC, and John Hickenlooper, D-CO, introduced a law On Wednesday, that would allow fintech lenders to participate in the Small Business Administration (SBA) flagship loan program by lifting an almost four-decade-old moratorium on the issuance of new Small Business Lending (SBLC) licenses. The SBLC program, which was capped at 14 licenses in […]
On August 31, 2021, the United States District Court for the Western District of Texas issued a notice maintaining the Consumer Financial Protection Bureau (CFPB) rule regulating payday loans. Community Financial Services Association of America, LTD., Et al. v. CFPB, Case No.1: 18-CV-00295 (WD TX.) (Community v. CFPB). As a reminder, on November 17, 2017, […]
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FinTech Firm Serving Underserved Customers of Traditional Banks Grows 10-fold Month-Over-Month Customer Transactions Posted: October 13, 2021 at 7:00 a.m. MDT SAN FRANCISCO, October 13, 2021 / PRNewswire / – B9 Inc., a fintech start-up, recently launched a comprehensive suite of application-based financial services, creating a platform to serve customers underserved by traditional banks who […]
FORT WORTH, TX – (BUSINESS WIRE) – Sep 23, 2021– Elevate Credit, Inc. (NYSE: ELVT) (“Elevate” or the “Company”), a leading technology provider of innovative and responsible online lending solutions for unprivileged consumers, today announced that combined loans – principal arrears recently exceeded $ 500 million. Chief Executive Officer Jason Harvison said, “We, and the […]
STATEN ISLAND, NY – The Paycheck Protection Program (PPP) was a relief initiative created to help struggling business owners during the coronavirus (COVID-19) pandemic, but it was more difficult for minority entrepreneurs, especially black business owners find a lender. A new research project has found that the problem mostly occurs in small banks and that […]