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FintechNews RoundupUSA
·Nov. 10, 2017

Bitcoin Split Loses Support and Won’t Move Forward

A consensus over the upcoming bitcoin split was not reached and the plan was cancelled; the hope was for a new version that could handle double the number of transactions; upon hearing the news bitcoin’s value shot up to over $7,800; the current version can only handle about five transactions per second and to compete with names like PayPal and Visa that will need to change at some point in the future. Source.

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FintechNews RoundupUSA
·Sep. 27, 2017

Lend Academy Article: The Second Annual Online Lending Policy Summit in Washington

Peter Renton, Founder of Lend Academy provides a summary of the second annual Online Lending Policy Summit which covered a wide variety of topics around regulation for fintech companies. Source

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News RoundupOnline LendingUSA
·Feb. 9, 2017

New Marketplace Lender Float Launches in the US

Float will offer credit lines for US consumers in California and Utah; based in Los Angeles the company also announced a $3 million funding round from finance and tech industry angel investors; the company plans to expand to all 50 states over the next six to 12 months.  Source

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FintechUSA
·Jun. 24, 2020

With the PPP Fintech Comes of Age

With the nation’s small businesses struggling like never before fintech lenders have literally come to the rescue to help with...
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FintechNews RoundupUSA
·Apr. 4, 2019

Jamie Dimon’s Shareholder Letter Shares Thoughts on Digital Transformation and Fintech

Dimon noted that new customers can open a new deposit account in less than five minutes and that the bank...
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News RoundupOnline LendingUSA
·Apr. 14, 2017

Follow Up Friday: Scott Sanborn on His Career and Future Outlook for Lending Club

Scott Sanborn took over as chief executive officer at Lending Club, facing the challenge of rebuilding confidence in an innovative business model that helped to introduce the concept of P2P lending to the US in 2006; bringing unique experiences from a career that began in advertising, Sanborn has been with Lending Club since 2010, beginning in a role as chief marketing officer for the firm; in the Q&A he provides details about the firm's strategy for evolving through challenging times and what the firm is doing to meet new goals for the future. Source

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FintechNews RoundupUSA
·Mar. 2, 2020

American Express Sales Teams Misled SMB Owners

A small group of American Express salespeople pushed credit cards on small business owners without adequate credit checks or through...
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FintechNews RoundupUSA
·Aug. 22, 2017

Chart of the Week: Student Loan Debt Increasing as Consumer Debt Reaches New High of $12.8tn

The New York Fed's most recent Household Debt and Credit Report shows credit levels reaching new highs; total consumer debt for Q2 2017 was $12.8 trillion and student loan debt reached $1.3 trillion; Forbes highlights an increasingly upward trend in student lending which it says is being supported by federal government loans. Source

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FintechNews RoundupUSA
·Jan. 30, 2018

Kabbage Expands Credit Lines

Kabbage will now offer lines of credit up to $250,000; this is the largest credit line available from any online lender; Kabbage will expand its customer base to larger businesses with the higher credit lines; Kabbage also shared results of a survey sharing where small businesses plan to invest in 2018. Source

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FintechNews RoundupUSA
·Jan. 24, 2019

Travel Lender Uplift Raises $123 Million

Uplift up until now been keeping a low profile in the lending space; the firm partners with airlines and travel...
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