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(AP) — Charlie Javice, the charismatic founder of a startup company that claimed to be revolutionizing the way college students apply for financial aid, was convicted on Friday of defrauding one of the largest U.S. banks, JPMorgan Chase, out of $175 million by exaggerating her customer base by 10 ti

Your thoughts on the below ...."looks good" 2 days later. I had already sent the contract lol. It was signed by the client. Thanks Mr. Attorney. Lawyers and accountants keep insisting that AI is just a toy and real work requires human judgment. Meanwhile, their billable hours mo

Story today from CNBC: Key Points • For years, American financial companies have fought the Consumer Financial Protection Bureau in the courts and the media. • Now, with the CFPB on life support after the Trump administration issued a stop-work order and shuttered its headquarters, the agency fin

In what is expected to be its largest attendance yet, The Funders Forum + Brokers Expo is kicking off next week on the 4th with an evening reception then the 5th is the full day. If you haven't purchased your tickets yet there is still availability but don't risk waiting any longer. GET TICKETS

From Forbes: Our tenth annual Fintech 50 list highlights businesses that continue to grow rapidly and adapt even as industry valuations and investment in private fintechs remain depressed. Funding for fintech startups fell for a third consecutive year to $34 billion globally in 2024, down from $42

Sens. Bernie Sanders, I-Vt., and Josh Hawley, R-Mo., introduced a bill on Tuesday that would cap credit card interest rates at 10% − an effort by two lawmakers who rarely see eye to eye. Credit card interest rates refer to the fee a card issuer charges if a consumer doesn’t pay off their credit car

Chinese AI lab DeepSeek provoked the first Silicon Valley freak-out of 2025 after releasing open versions of AI models that compete with the best technology OpenAI, Meta, and Google have to offer. DeepSeek claims to have built its models highly efficiently and quickly (though some are skeptical of

Can anybody do an SBA loan in Nevada for an acquisition?

Can anybody advise which commercial bank(s) are doing new accounts for business lending ?

An IT consultant fatally stabbed Lee, who founded the popular money transfer service, after an argument about the suspect's sister, prosecutors said. A San Francisco jury on Tuesday convicted IT consultant Nima Momeni in the 2023 fatal stabbing of tech executive Bob Lee, a killing that led to conce

I am looking for a 1.4 million dollar term loan on 3.4 million dollars of Auto portfolio biz owner wants to close out his line of credit and pay it off on a term loan. His interest rate on the BLOC is 18% looking for better interest restricted industry i am hitting a wall any suggestions?

The U.S. consumer hasn’t felt so glum about the economy since November 2022, according to a survey by the University of Michigan. That’s when annual inflation was at 7.1% and Federal Reserve Chair Jerome Powell acknowledged that the chances of a soft landing — where inflation is tamed without the ec

Triller Group Rings the Nasdaq Opening Bell—LFG is Honored to Be Part of the Celebration! Big moves in Times Square! Triller Group Inc. (Nasdaq: ILLR), the powerhouse of entertainment and tech innovation, took center stage at the Nasdaq MarketSite as their leadership team celebrated this mileston

I have a client with a default and a pay off letter makes 50 a month and looking for 20 to 28k. Are the any lenders that would be interested in this file?

From the National Law Review: CTA filings are obligatory again. Most reporting companies have until March 21, 2025 to complete their filings. If you adopted a wait-and-see posture in regard to making your CTA BOIR filings, the wait is unfortunately over. *** Since December 2024, the CTA has been

Key points • PayPal reported better-than-expected fourth-quarter earnings and revenue in its quarterly report on Tuesday. • The company also issued guidance that topped estimates. • Venmo’s total payment volume rose 10% in the quarter from a year earlier. PayPal reported better-than-expected fo

SoFi Technologies’ drive toward cementing its financial services ecosystem status continues — with gains across consumer-focused lending and direct deposits. The data also showed notable momentum in its tech platform, which is geared toward linking banks and FinTechs to various digital banking servi

Plaid’s revenue reportedly rose more than 25% in 2024 as more consumers encountered its tech. In fact, at least half of all Americans used the company’s services in some way, Bloomberg News reported Tuesday (Jan. 14), citing a source familiar with the matter. The report notes that the company’s gr

I have a client that has a brand new business. Entity is 6 months old. That is looking for equipment financing and is open to PG the financing deal. Are there any lenders out there that is able to fund this?

https://www.funderintel.com/portfolio-collections/networking-events/dec-mixer-pics

+Personal loan guidelines to consider For those of you who want to look at personal loans for your clients We can use... W-2, 1099, rental income, income from property, Schedule C on tax return We can ADD all of these up for gross income for a personal loan. So you may have another option for your

The pressure is on Senate Democrats after the House passes a funding bill to avert a shutdown Speaker Mike Johnson passed another major test today in the narrowly divided House, muscling through a stopgap funding bill to avert a government shutdown. It puts Senate Democrats in a politically precari

The beneficial ownership information reporting saga continues. The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) said on Thursday afternoon that the March 21, 2025, BOI reporting deadline set last week is no longer in effect, and a new interim final rule to extend BOI reporti

From Bloomberg Law The Trump administration appears to be preparing to transfer employees from the Federal Deposit Insurance Corp. and the Consumer Financial Protection Bureau to the Office of the Comptroller of the Currency as part of a broad reshaping of bank supervision. The OCC has created em

President Trump has named a new CFPB director while the agency faces an uncertain future. Jonathan McKernan, who was until recently a director on the board of the Federal Deposit Insurance Corp. (FDIC), has been tapped by Trump to oversee the Consumer Financial Protection Bureau (CFPB), according t

From Reuters: Jan 29 (Reuters) - Truth Social parent Trump Media and Technology Group (DJT.O), opens new tab said on Wednesday its board of directors has approved the launch of a financial services and FinTech brand Truth.Fi, sending shares of the firm up over 11% in early trading. The company bo

Coincidence that when Capcut gets banned that this happens?? Meta Sunday announced a new video editing app called Edits, after ByteDance’s video editing app CapCut was removed from Apple’s App Store and the Google Play Store as part of the TikTok ban. Instagram head Adam Mosseri (pictured above) sa

Meeting customer needs is an imperative for financial institutions aiming to stay competitive. But innovations often run into the elephant in the room: outdated and incompatible banking tech stacks. Offering financial and payment solutions such as blockchain and stablecoin services isn’t as simple a

• The Consumer Financial Protection Bureau on Friday sued the operator of the Zelle payments network and the three U.S. banks that dominant transactions on it. • The agency alleges that the firms failed to properly investigate fraud complaints or give victims reimbursements. • Zelle said in a sta

Looking for a MCA friendly bank preferably in the Miami area. I have used Metropolitan and IDB before. TIA, Ed.