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FintechNews RoundupUSA
·Apr. 8, 2020

Colchis Capital Shutting Down Main Funds

Reuters reports that Colchis Capital Management, a major player in investing in online direct lending platforms is winding down its...
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FintechNews RoundupUSA
·Apr. 8, 2020

Kabbage Begins Accepting PPP Loan Applications

Kabbage is now accepting applications from small businesses under the Paycheck Protection Program (PPP); Kabbage recently stopped lending on March...
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FintechNews RoundupUSA
·Apr. 9, 2020

Fed Raises Makes Changes to Wells Fargo’s Asset Cap

The Federal Reserve is making changes to the asset cap on Wells Fargo in order to get more money into...
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FintechNews RoundupUSA
·Apr. 9, 2020

Visa Backs Railsbank

Railsbank offers an open banking and regtech platform and last raised a $10 million Series A in September 2019; the...
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FintechNews RoundupUSA
·Apr. 9, 2020

Buy Now Pay Later is Having it Moment During the Crisis

Buy now pay later services are becoming one of the biggest benefactors during the current crisis; consumers have turned to...
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FintechNews RoundupUSA
·Apr. 9, 2020

AML Rules Holding Up Loans

Some US banks are blaming federal AML rules in holding up loans; many have gone out with messaging that they...
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FintechNews RoundupUSA
·Apr. 9, 2020

The Fed is the Key Player for Success in Stimulus Funding to SMBs

The Paycheck Protection Program has seen its fair share of problems since launching and many of these issues could have...
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FintechNews RoundupUSA
·Apr. 9, 2020

SBA Gets Much Needed Help from Amazon to Speed up Stimulus Funds Processing

The Small Business Administration has been using a system known as E-Tran which was never intended to handle the volume...
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FintechNews RoundupUSA
·Apr. 9, 2020

Fintech Lenders Can Finally Apply to be Part of the PPP

It has been ten days since we learned that fintech lenders would be authorized to make loans for the Paycheck...
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FintechNews RoundupUSA
·Apr. 10, 2020

Increase in Contactless Payments Could Leave Certain UK Citizens Without Options

Contactless payments are on the rise as we all practice social distancing and self isolation to stop the spread of...
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