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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

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

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

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. 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. 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

SBA Computer Issues Holding Up Small Business Loans

Small businesses are eager to get assistance from the $349 billion lending program for small businesses; it appears that businesses...
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FintechNews RoundupUSA
·Apr. 8, 2020

Online lenders Begin Feeling the Stress

Online lenders are feeling the pressure from borrowers and investors alike; consumers are starting to lose their jobs and companies...
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FintechNews RoundupUSA
·Apr. 8, 2020

Investors Talk Fintech Winners and Losers from the Crisis

Business Insider reached out to Bail Capital Ventures, DRW Venture Capital, Edison Partners, Jump Capital, RBC, and Rosenblatt Securities to...
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FintechNews RoundupUSA
·Apr. 8, 2020

Customers Bank Partners with OakNorth to Analyze Loan Portfolio Amid COVID-19

Customers Bancorp which has $11.5 billion in assets is working with OakNorth to help monitor their loan portfolio; OakNorth will...
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