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Bob Coleman, founder of Coleman Report, the leading provider of information to small business bankers to help them make less risky small business loans, recently authored a book. Titled Easy Money, ...
Borrow, short-term consumer loan program by Cash App, will not be affected by fees JPMorgan intends to charge fintechs for bank account data access. That’s because Block’s Cash App doesn’t even need ...
After Bloomberg News revealed that JPMorgan was planning to charge fintechs to access their customer bank account data, CEO Jamie Dimon was questioned about this during the bank’s latest quarterly ...
Heron, a startup using AI to automate workflows, just raised a $16M Series A round. Already a well-known brand in the small ...
Eight individuals have been arrested by the FBI and charged in connection with a scheme to defraud small business owners out of millions of dollars by charging them money in return for a promise of a ...
Edward William Rennick III, a known debt relief scammer previously barred from the debt relief industry by the FTC, continued on with his scheme for years after the ban. He is now charged criminally ...
Shopify Capital originated $837 million in business loans and merchant cash advances in Q3, putting the grand total at $2.1B for the first 3 quarters. During the earnings call, Shopify said that loss ...
After taking drastic action over the last year to rein in surging SMB lending charge-offs, PayPal believes it has corrected the issue. “We have now fully lapped the actions taken last year to tighten ...
The submitted deals are real. The merchants are real. Everything checks out until suddenly it doesn’t. The merchants block the payments and find out they’ve been scammed.The funders find out they’ve ...
PayPal didn’t offer precise quarterly origination figures for its “Working Capital” loan product on Tuesday, but it did reveal total originations since 2013. The number? 1.3M loans for a total of ...
There may be a rogue broker on the loose. The scam involves a fraudulent Letter of Intent (LOI) falsely claiming to be that of a major funder designed to resemble the real McCoy. Events like this ...
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