Is there a future in Fintech Banks? On July 31st, the U.S. Treasury Department released a report that prompted the Office of the Comptroller of the Currency (OCC) to begin
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- New SoFi Stadium To Host Rams, Chargers, Super Bowl & Olympics September 16, 2019SoFi’s appetite to reach NFL viewers is going above and beyond just Super Bowl commercials. The fintech company that started with student loan refinancing, has secured the naming rights to a new professional football stadium in Inglewood, California. SoFi Stadium, which opens in 2020, will host both the Rams and the Chargers. The stadium will […]
- Online Lender Wins Massive Arbitration Award After Retailer Challenged The “True Lender” Of The Loans September 13, 2019An arbitrator was unconvinced by a retailer’s arguments that business loans it obtained from Celtic Bank via Kabbage were responsible for the business’s eventual failure. In 2017, NRO Boston, LLC and Alice Indelicato filed a lawsuit against Kabbage Inc. and Celtic Bank Corporation for allegedly violating Massachussetts’ usury law when the parties engaged in financing […]
- Win Two FREE Tickets to deBanked CONNECT San Diego September 12, 2019WILL YOU BE JOINING THE INDUSTRY IN SAN DIEGO?! The prize for the one lucky winner of deBanked’s raffle is TWO tickets to deBanked CONNECT San Diego*. Here’s how to enter: 1. Follow @debankedmagazine on Instagram 2. Like the giveaway post 3. Comment on the post by tagging three friends The results will be shown […]
- Four Plead Guilty In Fake Business Loan Scheme September 11, 2019Four of the five loan brokers indicted in a fake business loan scheme have pled guilty to charges. Toplica and his co-conspirators were alleged to have duped an Ohio victim out of hundreds of thousands of dollars in upfront fees, the title to 55 vehicles including a Ford Mustang, several dump trucks, several tractors, several […]
- Up Next On The New York Legislative Agenda: Funder, Lender, and Broker Licensing September 11, 2019New York State Senator James Sanders Jr. has introduced S6688, a commercial financing licensing bill that would require persons or entities engaging in the business of making or soliciting commercial financing products in New York state to obtain a license from the New York Department of Financial Services. The bill covers small business lenders, merchant […]