The Sorry State of the Paycheck Protection Program
Today was supposed to be the day that the Payroll Protection Program (PPP) rolled out at banks and fintech lenders across the US; ...
From the LendIt Fintech Vault: Analytic Innovations Using Consumer Permissioned Data
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Bank of America Becomes First Big Bank to Start Accepting PPP Applications
Bank of America becomes the first of the big four banks to allow applications for the Paycheck Protection Program (PPP); it launched its ...
Numerated Ramps Up Offering to Banks to Help Push Out Stimulus Funds
In the last two weeks along small business lending platform Numerated has signed up more than 70 banks to use their digital lending ...
Chime Creates Pilot to Get $1,200 Stimulus Checks to Users Instantly
The most popular digital banking startup, Chime, has created a pilot program that allows its user to receive their $1,200 federal stimulus checks ...
Big Card Issuers Should Voluntarily Reduce Interchange Rates
The National Restaurant Association has asked Congress to mandate the reduction of credit card interchange fees during the current crisis; writing in Forbes ...
Digital Banks Score Better than Traditional Banks in Almost All Categories
According to a new study by J.D. Power digital only banks score better than bank in almost all categories except call centers; digital ...
UK Fintech Lenders Could Help Fund £1bn per month to SMEs
The UK government is planning to inject hundreds of billions of pounds into the UK economy to prop up small businesses; some traditional ...
Fintech Apps Helping Poor Consumers in Time of Need
Fintech app Fresh EBT provides food stamp recipients the ability to check their balances in the app; they are becoming a critical tool ...
More News for April 3rd, 2020
Visa’s Africa strategy banks on startup partnerships Lending startups are angling for new business from the COVID-19 bailout SMBs Accuse Kabbage Of Abruptly Canceling ...