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Nebraska voters chose to cap annual interest charged for payday lending at 36%

CFPB Monitor

In last week’s election, Nebraska voters passed Initiative 428, a ballot measure that places a 36 percent APR cap on payday loans. Approximately 83% of Nebraska voters approved this Initiative, making Nebraska the 17th state, plus the District of Columbia, to limit interest rates on payday loans.

Nebraska 127
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PayPal Provides $5M In Grants To Support Minority Businesses

PYMNTS

The nonprofits include: 1863 Ventures , Association for Enterprise Opportunity , African American Alliance of CDFI CEOs , Baltimore Business Lending , Black Girl Ventures , Chicago Neighborhood Initiatives Micro Finance Group , EnrichHER , Expanding Black Business Credit Initiative , Grameen America , Kiva , MORTAR , Nebraska Enterprise (..)

San Jose 261
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Inside First National Bank of Omaha’s seven-person innovation lab

Bank Innovation

First National Bank of Omaha (FNBO), with $20 billion in assets and 5,000 employees, is building out its seven-person innovation group within the bank's namesake skyscraper in Omaha, Nebraska. The 162-year-old bank is remodeling the group's workspace to resemble a startup, with open, collaborative offices and Apple TVs adorning the walls.

Omaha 170
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Chase Plans Expansion In Top US Markets In 2019

PYMNTS

Chase said it will also open branches in locations close to major universities in Auburn, Alabama and Lincoln, Nebraska. Louis, Missouri; Pittsburgh, Pennsylvania; Kansas City, Kansas and Greenville, South Carolina, among others. This is about new customer relationships, and better access to credit and local jobs.”.

St. Louis 145
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Sizzle Or Fizzle: Facebook, Online Lending, Cash – And The Twilio Surge

PYMNTS

This week it was Minnesota, and then yesterday Walmart really got warmed up and announced the expansion of their new payments service in: Michigan, Virginia, the Carolinas, Indiana, Iowa, Kentucky, Nebraska, North Dakota, South Dakota, Tennessee, Louisiana, Missouri, Mississippi and Washington, D.C. Online lending .

Lending 101
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House Hearing Signals Fireworks On Big Tech Antitrust Issues

PYMNTS

8), the AGs focused on Facebook include Colorado, Florida, Nebraska, North Carolina, Tennessee, Florida, Iowa and the District of Columbia. Take the tech sector: You have seen a lot of innovation, but you also have platforms with network effects that lend themselves to scale.”. At this writing (Sunday, Sept. The Hearing.

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Walmart Amazon Whole Paycheck Tracker: New Expansions, Partnerships And Reorganizations

PYMNTS

According to reports out earlier this week, Goldman Sachs and Amazon are in discussions about possibly partnering for small and medium-sized (SMB) business lending in the U.S. The partnership would apply Goldman’s lending technology to SMB loans on Amazon’s underwriting platform, according to unnamed sources.

Austin 131