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May

22
2023
Strategy

PYMNTS Intelligence: The Best Lending Product Wins in Retention and Enrollment

RICHARDSON, Texas, May 22, 2023 /PRNewswire/ -- Texans Credit Union (Texans), a leading credit union in North Texas, announced today Ian Beirnes joins as Vice President of IT Systems. Beirnes will be responsible for managing the credit union's technology infrastructure and operations department.

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May

19
2023
Industry News

FCC says more action on the way to stop illegal robocalls

MIAMI - Americans received 4.5 billion robocalls in April, according to the call block app company YouMail. And if you're tired of receiving them, you are not alone. "These calls are so annoying, and it's the number one consumer complaint at the Federal Communications Commission," says Jessica Rosenworcel, Chairwoman of the Federal Communications Commission.

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May

19
2023
Industry News

Pennsylvania AG Settles With Snap for $11.4 Million: The Importance of Compliance for Consumer Finance Companies Operating in the Virtual Marketplace

On May 15, Pennsylvania Attorney General Michelle Henry (AG Henry) announced an $11.4 million settlement against Snap Finance LLC and its affiliates (Snap RTO LLC, Snap Second Look LLC, and Snap Finance Holdings, LLC) (Snap) for alleged violations of Pennsylvania consumer protection laws relating to personal property lease-purchase (aka "rent-to-own") transactions.

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May

19
2023
Trends

Lenders are still losing money on each home loan

Mortgage lenders again lost money on each loan originated in the first quarter of the year, after recording record losses in the last quarter of 2022, according to data from the Mortgage Bankers Association (MBA).

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May

19
2023
Strategy

The new rules of venture debt are already being written

The collapse of Silicon Valley Bank (SVB) was not the end of venture debt, but it was likely the end of companies raising venture debt with the same ease that many were accustomed to. TechCrunch+ recently spoke to five different VCs about the state of venture debt in the wake of SVB and then First Republic Bank’s collapse, and all of them said they don’t think the recent bank failures signaled the end of venture debt. Rather, they expect the process of raising this kind of debt will start to look a lot different.

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