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Colorado Issues Student Loan Servicer License Applications

CFPB Monitor

The Colorado Attorney General’s Office recently published licensing applications for entities that are engaged in servicing student loans owed by Colorado residents. Such renewal forms will be posted online at a later date. Under the Colorado statute, student loan servicers must be licensed by January 31, 2020.

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Colorado Settlement Opens Door For Fintech Lenders

Banking Exchange

Colorado may soon witness an influx of new fintech lenders following the conclusion of a long-running legal case Compliance Technology Fair Lending Feature3 Fintech Feature Mobile Online Tech Management Compliance Management Compliance/Regulatory.

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Colorado Settlement Provides a Possible Path Forward for Certain Bank-Fintech Online Lending Partnerships

CFPB Monitor

We have previously blogged about the lawsuits filed by the Colorado Attorney General against fintechs Avant and Marlette Funding and their partner banks WebBank and Cross River Bank. Supreme Court, a Colorado appellate court (after any chance for appeal has run) or the FDIC adopts a “true lender” test that differs from the safe harbor).

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COVID-19 Looks Set To Raze Online Home Sales (And Agents’ Jobs)

PYMNTS

In terms of the big picture, “if you want to stress test the businesses, this is it,” said Mike DelPrete, scholar in residence at the University of Colorado Boulder, who studies iBuyers as a group. “I I don’t know if all the iBuyers will survive.”.

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Online lenders reach landmark settlement with Colorado

American Banker

Under the agreement, fintechs and their bank partners will have a safe legal harbor to offer loans, as long as their interest rates do not exceed 36% and they meet various other standards.

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Square Partners With POWDR To Offer Ski Resorts Contactless Transactions

PYMNTS

POWDR chose to partner with Square because they help elevate the guest experience from enabling fast, secure, contactless payments to integrated online-ordering solutions,” Justin Sibley , co-president of POWDR, said in the release. and Canada, according to a press release.

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How ‘Smart Bank Transfers’ Can Help Streamline B2B Payments

PYMNTS

For one firm, AeroPay — focused on bringing payment services to underserved markets — the cannabis market is but one that can benefit from the great digital shift for payments done in person or online. Founder Dan Muller described his company in an interview with PYMNTS as “a payment platform based on the concept of a smart bank transfer.”

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