Goldman’s Marcus rolls out ‘buy now, pay later’ tool for JetBlue flights

Goldman’s Marcus rolls out ‘buy now, pay later’ tool for JetBlue flights

Goldman Sachs’ digital consumer bank Marcus is expanding its partnership with JetBlue by allowing customers to pay for airfares over time. Marcus previously offered point-of-sale financing for JetBlue vacation packages only.

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Square tests small-dollar loans through Cash App

Square tests small-dollar loans through Cash App

Payments company Square is testing a new small-dollar loan product through its peer-to-peer Cash App. A thousand users will test the product. Users can borrow $20 to $200, and have four weeks to pay the loan back

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American Express in talks to acquire business lender Kabbage

American Express in talks to acquire business lender Kabbage

American Express is in “advanced talks” to acquire small-business lender Kabbage for as much as $850 million in an all-cash deal, Bloomberg reported.

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Consumer lender Enova to acquire OnDeck for $90M

Consumer lender Enova to acquire OnDeck for $90M

Chicago-based lender for credit-challenged consumers Enova plans to acquire small business lender OnDeck, in a cash and stock deal worth around $90M.

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Netherlands-based challenger bank Bunq enters mortgage market

Netherlands-based challenger bank Bunq enters mortgage market

Bunq, a Netherlands-based digital banking startup, is entering the mortgage market through a partnership with Venn Hypotheken, a subsidiary of insurance giant Nationale-Nederlanden.

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Tire Agent rides wave of point-of-sale financing growth

Tire Agent rides wave of point-of-sale financing growth

Tire Agent, a digital tire marketplace, picked up $5 million in funding to grow its business and support its tire financing platform called PayPair, which matches lenders with consumers of any credit score with a payment plan.

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Small business lender Kabbage joins challenger bank club

Small business lender Kabbage joins challenger bank club

Atlanta-based small business lender Kabbage, which has 400,000 business customers, is partnering with Green Dot Bank to offer checking accounts with no monthly fees and 1.1% interest on all balances.

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Wells Fargo to donate $400 million in PPP fees to small business recovery

Wells Fargo to donate $400 million in PPP fees to small business recovery

Fresh off reports the top 10 PPP bank lenders will gain more $3.8 billion in fee revenue from the program, Wells committed to put $400 million it earned in PPP processing fees toward small business recovery efforts.

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CFPB loosens payday loan guardrails

CFPB loosens payday loan guardrails

The CFPB this week released a final payday lending rule, which rescinds a 2017 regulation under Obama-appointed CFPB Director Richard Cordray that required payday lenders to assess borrowers’ ability to repay.

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Land grab for Quicken Loans in IPO filing that could raise up to $3B

Land grab for Quicken Loans in IPO filing that could raise up to $3B

On Tuesday, mortgage lender Quicken Loans filed paperwork to go public under parent company Rocket Companies (RKT). In its filing, the company listed the size of its offering as $100 million, a placeholder amount that will likely change.

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Lending Technology Gains Prominence Amidst COVID-19 Response

Lending Technology Gains Prominence Amidst COVID-19 Response

Boss Insights has been addressing the need for faster, digitized lending platforms since long before the coronavirus outbreak. CEO and co-founder Keren Moynihan shares how collaboration — with the media, accelerators, and Oracle — has helped her company tailor its offering specifically to Paycheck Protection Program applications.

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Lending Technology Providers Prepare for PPP Part 2

Lending Technology Providers Prepare for PPP Part 2

Lending tech has — and will — be crucial for small businesses to access U.S. stimulus funds.

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Goldman Finally Releases a Marcus App

Goldman Finally Releases a Marcus App

Marcus was rolled out in 2016 and was the gilded, venerable investment bank’s first foray into consumer financial services.

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What’s Old Is New Again?

What’s Old Is New Again?

There’s an old saying: Those who forget history are doomed to repeat it. Let’s hope some of the nation’s big banks aren’t making that mistake right now.

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