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BNPL Firm Sezzle Allies With Ally Lending To Expand Loan Options

PYMNTS

This will allow the Minneapolis-based Sezzle to offer more long-term loans. Our collaboration with Ally Lending enhances our customer financing offerings, making it possible for consumers to better manage their finances," said Charlie Youakim , executive chairman and CEO of Sezzle, in a press release. "We

Lending 198
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U.S. Bank Reaching Beyond Branches as 71% of Active Customers Are Now Digital

Bank Innovation

Bank executives, during the first-quarter earnings call today, outlined a strategy to extend relationships with customers outside the Minneapolis-based bank's physical footprint. Coming off the launch of a revamped mobile app and the hiring of the bank's first chief digital officer, U.S.

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U.S. Bancorp's earnings checked by subdued lending activity

American Banker

The Minneapolis-based banking giant posted a third-quarter profit, although average total loans slipped 1% from a year earlier. Slower business and commercial real estate lending more than offset gains in the bank's consumer portfolio.

Lending 74
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BNPL Sezzle Raises $55M

PYMNTS

Minneapolis-based buy now, pay later (BNPL) firm Sezzle has raised $55 million in its latest capital round, according to a press release. Sezzle was also approved for a lending license by California’s Department of Business Oversight (DBO) in January.

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U.S. Bank to Donate Minneapolis Branch to Nonprofit Community

Banking Exchange

Converted branch will include affordable housing, commercial and outdoor spaces, nonprofit services, and arts and cultural destinations Community Banking Feature3 Feature Fair Lending Diversity Inclusion Human Rights Small Business.

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Call It Alt-Credit Or POS Lending, ‘Buy Now, Pay Later’ Just Got Bigger

PYMNTS

In addition to its core POS lending business, Affirm branched out into financial services in June, debuting a high-yield savings account called Affirm Savings. Silicon Valley FinTech Affirm is also a regular in the top 5 this year. The account comes with 1.30 Leveraging Risk the Right Way.

Lending 130
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Fed’s Kashkari: Quick Economic Rebound Unlikely

PYMNTS

Minneapolis Federal Reserve President Neel Kashkari doesn’t have hope that the economy will rebound quickly from the effects of the coronavirus pandemic, according to CNBC. trillion to businesses and governments impacted by the pandemic. Kashkari’s cautions are at odds with the opinions of St.

St. Louis 159