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The New Lending Fintech Bonanza

Gonzobanker

It was into this world that the much celebrated digital lending fintech OnDeck recently sold to Enova for $90 million, a virtual fire sale at way under 1X OnDeck’s revenue. They primarily support – don’t compete with – federally insured bank lending. or 26X revenue but quickly doubled in the market.

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CFPB announces Deputy Director and additions to senior leadership and executive teams

CFPB Monitor

The Bureau also announced additions to its senior leadership and executive teams. The leadership positions are: Kate Fulton will serve as the Chief Operating Officer. Fulton first joined the Bureau in 2013 serving as Senior Counsel in the Legal Division and later in the Office of Supervision, Enforcement and Fair Lending.

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Southern Bancorp is building wealth for everyone

Independent Banker

approached him about a leadership position in 2013. Relyance is working to increase its mortgage lending but sometimes isn’t able to make loans for some customers. Williams explains that the involvement with GABV has impelled Southern Bancorp’s leadership to find ways to reduce the bank’s carbon footprint.

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Chime Commands $1.5B Valuation After Capital Raise

PYMNTS

Chime said proceeds from the funding will go toward growing the business and launching additional lending and credit products. The company also plans to double its size to more than 200 employees and expand its leadership team. Chime noted in its press release that it began March with more than three million FDIC bank accounts.

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Digital Bank Chime Suffers Outage Affecting 5M Customers

PYMNTS

San Francisco-based Chime launched in 2013, offering debit cards, savings accounts and checking accounts to consumers without any fees. “Our payment processor has been experiencing issues today, resulting in our app + website being down,” Chime said in a tweet on Thursday (Oct. Earlier this year, it reached a valuation of $1.5

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Dimon, Shareholders Split On Possible JPMC Breakup Review

PYMNTS

Earlier this year it was determined by the company that “combining the roles of chairman and CEO, together with a strong lead independent director, continues to provide the appropriate leadership and oversight of the firm,” the filing read. The concept of breaking up the bank was shot down both in 2013 and 2015.

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Changing The Direction Of Debt Collection

PYMNTS

Debt collectors have been the second-leading major generator of consumer complaints since the Consumer Financial Protection Bureau (CFPB) added them as an area that consumers could log complaints against in June 2013. percent related to prepaid cards and 2 percent to payday lending.

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