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In a rapidly growing market outside the purview of the Truth in Lending Act or state usury caps, online lenders' rates and fees can be next to impossible to compare.
August 26 -
Small-business lender Funding Circle, which has operations in the United States and the United Kingdom, has received $150 million in new investment.
April 22 -
H&R Block in Kansas City, Mo., and BofI Holding in San Diego have pushed back the closing date for transferring ownership of H&R Block Bank.
February 13
Funding Circle has formed a partnership with H&R Block to provide loans to the tax preparation firm’s small-business customers.
Financial terms of the arrangement were not disclosed. The partnership was announced on Friday.
Funding Circle, a marketplace lender that operates in the U.S. and the U.K., offers small-business loans of up to $500,000.
H&R Block in Kansas City, Mo., will make those loans available to small-business customers who use its bookkeeping, payroll, tax and accounting services. H&R Block's small-business customers have less than $20 million in yearly revenue.
The partnership is the latest in a
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