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| Wayward Merchants Read more |
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What Got Said in the California Senate Hearing About Commercial Loan Disclosures Read the testimonies submitted by two separate trade associations Read more |
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Kabbage to Acquire Orchard Platform Markets |
| The deal is reportedly not final and neither side has commented Read more |
World Business Lenders Responds to the New York Post Story |
| The company has said that the claims in the tabloid are unsubstantiated Read more |
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OnDeck Announces New $100 Million Revolving Credit Facility |
| It's an asset-backed revolving credit facility with Pioneers Gate LLC, a lending vehicle of a leading life insurance company managed by 20 Gates Management Read more |
Demand for Tax Guard Grows, PE Deal |
| As part of the investment deal, four people connected to Falfurrias Capital Partners will be joining Tax Guard in some capacity. Chris Marshall, a co-founder of Capital Bank and previously a senior executive at Bank of America, will join Tax Guard as Executive Chairman. Marc Oken, co-founder of Falfurrias Capital Partners and a former Bank of America CFO, will join the Tax Guard board, along with Geordie Pierson, a principal at Falfurrias Capital Partners, and Joe Price, a former Bank of America CFO. Read more |
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CAN Capital Hires New CFO |
| CAN Capital has just hired Tom Davidson, a finance veteran, to become its new CFO. Davidson joins CAN Capital from Sierra Auto Finance where he was Chief Financial Officer and Chief Capital Officer. Before that, he worked at GE Capital for 16 years, eventually becoming Chairman and CEO of GE Capital Markets, Inc. Read more |
Ascentium Capital Surpasses $4 Billion in Originations |
| The company currently employs 250 people with headquarters in Kingwood, TX, near Houston, with smaller offices in Dover, NH and Irvine, CA. Read more |
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Lendio's New Turndown Program Grows |
| Lendio's Turndown program has facilitated nearly $60 million in loans in less than a year since its launch last summer Read more |
Goldman Sachs Buys Clarity Money |
| Via Reuters: Clarity Money will be re-branded as Marcus by Goldman Sachs over time Read more |
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New York Attorney General Launches Inquiry Into Crypto Exchanges |
| As part of a broader effort to protect cryptocurrency investors and consumers, the Attorney General’s office sent letters to thirteen major virtual currency trading platforms requesting key information on their operations, internal controls, and safeguards to protect customer assets. Read more |
In Australia, Online Small Business Lending is Growing Fast |
| The online small business lending market in Australia is growing at a faster rate than the US market did at a similar stage of development, the CEO of OnDeck Global has said. Read more |
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Get Certified in MCA Basics |
| Make sure you know how MCAs really work before you sell them Read more |
Wells Fargo Hit With a $1 Billion Fine |
| The Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of Currency (OCC) announced a combined fine of $1 billion against Wells Fargo (WFC) on Friday. Read more |
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Cerebro Wants to be the Match.com of Lending |
| Launched in October, Cerebro recently raised $2 million from Tedco, the state-created business development organization, and the private equity firm Sterling Partners, co-founded by the founder and chairman of Laureate Education, Doug Becker, who also sits on Cerebro’s board. Five employees work from Cerebro’s Mount Vernon offices. Read more |
Marcus has Loaned $3 Billion to Consumers |
| Goldman Sachs is becoming one of the biggest players in consumer finance Read more |
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