Small-dollar lending

Podcast

Can small-dollar loans be both profitable and fair?

By Brendan Pedersen July 29, 2020 9:30 PM

See all podcasts, and subscribe:

RSS iTunes Google Play

Brendan Pedersen

Reporter, American Banker

Small-dollar lending

TRENDING

Fraud

Kabbage, a bankrupt fintech lender, settles PPP fraud case with DOJ

The small business lender's bankrupt shell has agreed to pay up to $120 million in connection with allegations that its verification processes for Paycheck Protection Program loan applications were faulty. The government argued that Kabbage reaped larger fees by enabling fraudulently inflated loans.

By Polo Rocha

2h ago
Fintech

How a Minnesota bank is jumping into the earned wage access market

Stearns Bank in Saint Cloud is working with the on-demand payment technology firm Reset to launch an earned-wage card for blue collar and immigrant families struggling with access to money.

By Frank Gargano

3h ago
Community banking

CDFIs are steadily becoming a bigger cog in the financial system

Community Financial Development Institutions' mission-driven lending has traditionally been a small segment of the lending market. That's beginning to change, but plugging into secondary lending markets might not be the kind of change communities need.

By John Heltman

4h ago