loans

Today In Digital-First Banking: Banks Set Stricter Loan Rules In Q3; FSB Warns Outsourcing Bank Tech Could Present ‘Systemic Risk’

Today In Digital-First Banking: Banks Set Stricter Loan Rules In Q3; FSB Warns Outsourcing Bank Tech Could Present ‘Systemic Risk’
Today In Digital-First Banking: Banks Set Stricter Loan Rules In Q3; FSB Warns Outsourcing Bank...
November 10, 2020  |  Banking

In today’s top news in digital-first banking, banks have tightened their loan standards per a survey from the Federal Reserve, while a watchdog organization warned...

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Banks Tighten Loan Rules, See Less Than 5 Pct Of Loans In Forbearance In Q3
Banks Tighten Loan Rules, See Less Than 5 Pct Of Loans In Forbearance In Q3
November 09, 2020  |  Loans

In the third quarter, banks tightened their loan standards to firms of any size and also saw weaker demand than usual, according to the Federal...

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Bounce-Back Loans Shaky After Funding Loss By UK FinTech Lender Tide 
Bounce-Back Loans Shaky After Funding Loss By UK FinTech Lender Tide 
November 09, 2020  |  B2B Payments

Numerous British firms are at risk of losing access to bounce-back loans (BBL) after the U.K. FinTech Tide withdrew from the program citing inadequate funding,...

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Hundreds Of Probes Into PPP Loan Fraud Have Been Opened
Hundreds Of Probes Into PPP Loan Fraud Have Been Opened
November 08, 2020  |  Cybersecurity

The federal Paycheck Protection Program (PPP) designed to blunt the economic impact of the pandemic is beset by extensive instances of fraud, The Wall Street...

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Blockchain Lending Firm Figure Seeks National Bank Charter
Blockchain Lending Firm Figure Seeks National Bank Charter
November 06, 2020  |  Banking

Financial services firm Figure Technologies, Inc. has sought a national bank charter from the Office of the Controller of the Currency (OCC), which will let...

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UK Banks Nix $1.3B In Fraudulent ‘Bounce-Back’ Loans
UK Banks Nix $1.3B In Fraudulent ‘Bounce-Back’ Loans
November 05, 2020  |  Cybersecurity

The United Kingdom’s version of the Paycheck Protection Program is also getting hit up by fraudsters, though British bankers appear to be a step ahead...

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Election-Driven Payday Loan Caps Spotlight On-Demand Wage Technology
Election-Driven Payday Loan Caps Spotlight On-Demand Wage Technology
November 05, 2020  |  Loans

Amid the pandemic, a ceiling on payday loans extends … state by state. Get the Full Story Complete the form to unlock this article and...

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COVID Spawns Local SMB Loans, Mask Shortages And More Suburban Starbucks
COVID Spawns Local SMB Loans, Mask Shortages And More Suburban Starbucks
November 04, 2020  |  Economy

With federal COVID-19 stimulus programs dried up for the moment and talks to renew them stalled, local communities are looking to fill the void by...

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