PYMNTS

OCTOBER 31, 2016

During the past two months, SoFi got licenses in more states, including Arkansas, Florida, Massachusetts, New York and South Dakota. SoFi, however, is daring to be different in its segment and is looking to grow past its roots in student lending to prime borrowers — what the firm refers to as “Henrys” (high earners not rich yet).

South Dakota 100

South Dakota New York Arkansas Massachusetts 100

CFPB Monitor

NOVEMBER 8, 2018

As described on the Colorado Secretary of State’s website , Proposition 111 “would restrict the charges on payday loans to a yearly rate of 36 percent and would eliminate all other finance charges and fees associated with payday lending.”. The other states to have done so are South Dakota, Ohio, Arizona, and Montana.

Colorado 94

Colorado South Dakota Montana Arizona 94

PYMNTS

SEPTEMBER 17, 2019

While short-term lending in general has a pretty rough reputation, the pawn loan is the most ill-regarded arena in an already unloved category of consumer lending. The loan amount a borrower can get from a pawnbroker is determined solely by the value of the item itself; as in most forms of short-term lending, there is no credit check.

Ohio 151

Ohio Lending Iowa South Dakota 151

PYMNTS

NOVEMBER 20, 2017

What’s more, in South Dakota, a borrower’s driver’s license can be suspended, which makes it close to impossible for them to get to work. That’s according to a news report in CNBC that found that in 19 states, government agencies can take away student loan borrowers’ licenses if they default on their debt.

South Dakota 129

South Dakota Tennessee New York Taxes 129

American Banker

FEBRUARY 11, 2020

Ken Karels will be succeeded by Mark Borrecco, who had been CEO of Rabobank's U.S.

South Dakota 56

South Dakota Community Bank Community Strategy 56

PYMNTS

JUNE 24, 2016

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

Lending Online South Dakota North Dakota 101

PYMNTS

AUGUST 8, 2019

The New York State Department of Financial Services (NYDFS) has announced it will lead a multi-state investigation into alleged violations of state regulations of the short term lending industry, specifically in the area of payroll advances.

Puerto Rico 134

Puerto Rico Regulation New York South Dakota 134

American Banker

NOVEMBER 4, 2016

Depending on the outcome of the election, the fight over two conflicting state ballot initiatives could provide a road map for the embattled payday lending industry or consumer activists seeking bans in other states.

South Dakota 28

South Dakota Lending Industry Regulation 28

Payments Source

JANUARY 9, 2018

The payments company will pay $321 million for Crestmark Bank, a commercial lender that focuses on asset-based lending, equipment finance and government-guaranteed loans.

Lending 63

Lending National South Dakota Payments 63

CFPB Monitor

AUGUST 7, 2019

In its press release, the DFS claims that the investigation will look into “allegations of unlawful online lending” and “will help determine whether these payroll advance practices are usurious and harming consumers.” North Dakota Department of Financial Institutions. South Carolina Department of Consumer Affairs.

Industry 92

Industry Puerto Rico South Dakota North Dakota 92

CFPB Monitor

FEBRUARY 6, 2020

The relevant states are Arizona, Arkansas, Colorado, Connecticut, Illinois, Indiana, Kentucky, Massachusetts, Minnesota, Montana, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, and South Dakota (“Subject States”). After the lawsuit was filed, the Think Entities filed for Chapter 11 bankruptcy relief.

South Dakota 78

South Dakota North Carolina Company New Hampshire 78

CB Insights

OCTOBER 26, 2017

California-based lending unicorn SoFi is the most well funded fintech company with just over $2B raised since 2011. South Carolina. South Dakota. Unicorns on the map include SoFi in California, Oscar in New York, Avant in Illinois, Kabbage in Georgia, and AvidXchange in North Carolina. Click on the image below to enlarge.

United States 78

United States Fintech North Carolina Rhode Island 78

CFPB Monitor

OCTOBER 17, 2022

Companies that engage in cross-border lending should continue to closely monitor decisions involving the dormant Commerce Clause since the law in this area continues to evolve. This restriction on state power is commonly referred to as the “dormant Commerce Clause.”. The same could be said here. Also, just last week, the U.S.

Indiana 78

Indiana Minnesota Pennsylvania South Dakota 78

Independent Banker

FEBRUARY 24, 2016

Even more obviously absurd, one provision would allow community credit unions in seven states—Montana, Alaska, Delaware, North Dakota, South Dakota, Vermont and Wyoming—to serve their entire state. Basically, all air-breathing mammals in the United States would qualify to be credit union members.

South Dakota 70

South Dakota North Dakota Montana Wyoming 70

PYMNTS

JUNE 30, 2016

The latest June count for where Walmart Pay is available is: Virginia, North Carolina, South Carolina, Nebraska, North Dakota, South Dakota, Iowa, Tennessee, Kentucky, Michigan, Indiana, Alabama, Georgia, Louisiana, Missouri, Mississippi and Washington, Missouri, Texas, Arkansas, and Washington, D.C. ” RIP CurrentC.

Mobile 104

Mobile Samsung Apple Missouri 104

CFPB Monitor

SEPTEMBER 9, 2020

Our letter draws on Ballard Spahr’s two-plus decades of experience in representing banks and savings associations (“Banks”) in establishing lending programs (“Bank-Agent Programs”) where a Bank obtains substantial assistance from a fintech or other non-Bank company (an “Agent”) to offer Bank loans to consumers or small businesses.

FDIC 78

FDIC National South Dakota Lending 78

Jeff For Banks

DECEMBER 7, 2019

billion in asset financial institution based in Sioux Falls, South Dakota. On the lending side they provide customized business capital solutions nationally for small and mid-sized businesses with innovative lending to niche markets. Meta Financial Group, Inc. They are a $6.2 There's where the "traditional" ends.

Indiana 60

Indiana Oregon South Dakota Community Bank 60

MyBankTracker

JUNE 6, 2020

APRs are lower than predatory lending options. If you need money quickly, you can’t afford to wait a week or two while the lender looks over your application and makes a lending decision. For example, NetCredit does not charge an origination fee on loans to residents of Oregon but does charge one to residents of South Dakota.

South Dakota 52

South Dakota Mississippi Lending Delaware 52

MyBankTracker

MAY 23, 2020

APRs are lower than predatory lending options. If you’re considering applying for a personal loan, this review will cover everything you need to know about Opploans. Designed for borrowers with bad or no credit. On-time payments can help build credit. APR is still extremely high compared to typical personal loans. Borrowing Amounts.

Rhode Island 52

Rhode Island Nebraska Alabama South Dakota 52

American Banker

NOVEMBER 4, 2020

Referendums that legalized marijuana and sports wagering in several states could incentivize banks to do business with companies in these sectors. Payday loan and privacy measures that passed Tuesday also have implications for the industry.

Industry 78

Industry South Dakota Company Nebraska 78

Fintech Labs Insights

NOVEMBER 9, 2015

P2P lending. HQ: Sioux Falls, South Dakota. Tags: Consumer, lending, lead gen, loans, small business loans, mortgage. Here are the rounds by size from Oct 31 through Nov 6: Meili Jinrong. Latest round: $65 million Series A. Total raised: $65 million. Source: FT Partners. FactorTrust. Alternative credit bureau.

Company 12

Company Fintech South Dakota San Jose 12