Tag : financial challenges

Partnering To Empower Minnesota’s First Black-Led Credit Union
Banking Finance News

Partnering To Empower Minnesota’s First Black-Led Credit Union

Business Wire
by Business Wire032
The Association for Black Economic Power (ABEP) is raising funds to open Minnesota’s historic first Black-led credit union, Arise Community Credit Union. Arise will offer robust banking services in North Minneapolis, serving those who live, work, learn, worship and volunteer in Hennepin and Ramsey Counties. Arise’s services will serve a......
National Foundation for Credit Counseling Receives New $500,000 Grant From TD Bank
Business Finance News

National Foundation for Credit Counseling Receives New $500,000 Grant From TD Bank

Fintech News Desk
by Fintech News Desk0205
TD Bank commits to NFCC’s program of support for small business owners along Eastern Seaboard through financial counseling The National Foundation for Credit Counseling (NFCC) has received grant support from TD Bank, that aims to deliver financial counseling and education to small business owners from Maine to Florida. The new grant focuses......
Burnout Hitting Consumer Confidence, Finds KeyBank Survey
Banking Mobile Banking News

Burnout Hitting Consumer Confidence, Finds KeyBank Survey

Fintech News Desk
by Fintech News Desk0175
Millennials or younger are experiencing the most burnout amid growing demand for digital products and financial guidance The KeyBank 2023 Financial Mobility Survey, released today, finds Americans are in a difficult financial position as 55% faced financial challenges over the last year, a substantial increase from the year prior (37%), with......
Qollateral Reimagines Secured Lending in NYC's Diamond District
Finance Lending News

Qollateral Reimagines Secured Lending in NYC’s Diamond District

Fintech News Desk
by Fintech News Desk0213
A new collateral lending firm, Qollateral, opens its doors today in New York City’s diamond district with a singular mission: to make collateral financing as prompt and simple as possible, while maintaining a high touch, concierge customer experience and ultimate discretion. Confidential and private, Qollateral’s offices are located in the most secure building in New York......
FINRA Extended Hearing Panel Expels Alpine Securities
News Security

FINRA Extended Hearing Panel Expels Alpine Securities

Fintech News Desk
by Fintech News Desk0304
FINRA announced that a FINRA extended hearing panel has expelled Salt Lake City-based broker-dealer Alpine Securities Corp. from FINRA membership, and ordered the firm to pay more than $2.3 million in restitution to customers for converting and misusing customer funds and securities, engaging in unauthorized trading, charging customers unfair prices in......
Harris Williams Advises Morgan Stanley Capital Partners on its Acquisition of SpendMend
Investment Services News

Harris Williams Advises Morgan Stanley Capital Partners on Its Acquisition of SpendMend

Fintech News Desk
by Fintech News Desk0267
Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised investment funds managed by Morgan Stanley Capital Partners (MSCP) on its acquisition of SpendMend, a leading provider of tech-enabled solutions to optimize the cost cycle for the healthcare industry. The transaction was led by Dan Linsalata and Sam Hendler of......
Relief Secures $15 Million in Series A Funding to Help Consumers Combat the Credit Card Debt Crisis
debt collection Fintech Startups News

Relief Secures $15 Million in Series A Funding to Help Consumers Combat the Credit Card Debt Crisis

Fintech News Desk
by Fintech News Desk0244
Since the launch of Relief’s waitlist, over 100,000 consumers have signed up for their free service with a combined total of over $750 million of credit card debt Relief, the personal finance startup committed to helping everyday people achieve financial freedom by eliminating credit card debt, announced it has raised......
Inxeption Announces $275 Million in Funding to Expand Its Leading Industrial Commerce SuperApp
Commerce News

Inxeption Announces $275 Million in Funding to Expand Its Leading Industrial Commerce SuperApp

Fintech News Desk
by Fintech News Desk0423
Valuation surges to $3B in new Series E financing and debt capital raise Inxeption, the Industrial Commerce SuperApp, announced $275 million in new funding made up of a $125 million Series E financing round and $150 million in new debt capital. The Series E is led by Schonfeld Strategic Advisors......
Strong Bank Response to Paycheck Protection Program (PPP) Drives Record-High Satisfaction Among Small Business Customers, J.D. Power Finds
Banking Digital Payments Fintech News

Strong Bank Response to Paycheck Protection Program (PPP) Drives Record-High Satisfaction Among Small Business Customers, J.D. Power Finds

Fintech News Desk
by Fintech News Desk0517
Proactive Response Creates Opportunity for Increased Retention and Cross-Selling After getting off to a wobbly start in the earliest days of the pandemic, the nation’s banks nailed their response to the U.S. Small Business Association’s Paycheck Protection Program (PPP), managing to administer $669 billion in relief loans to small businesses......
18.7 Million U.S. Consumers in Financial Hardship Programs Experienced an Increase to their Credit Scores; Study Finds Their Performance Similar to Non-Hardship Consumers
Fintech News

18.7 Million U.S. Consumers in Financial Hardship Programs Experienced an Increase to their Credit Scores; Study Finds Their Performance Similar to Non-Hardship Consumers

Fintech News Desk
by Fintech News Desk0271
TransUnion study finds that credit risk often changed based on when consumers exited hardship programs Despite financial challenges brought forth by the COVID-19 pandemic, a new study from TransUnion found that 18.7 million U.S. consumers that entered a financial hardship program experienced an increase to their VantageScore 4.0 credit risk scores......
1