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SBFA Responds to New York’s APR Disclosure Bill

Following the vague terms of bill A10118A/S5470B, which would require New York lenders to provide certain uniform disclosures, it’s no surprise that industry leaders are reacting with frustration. Steve Denis, Executive Director of the Small Business Finance Association, remarked, “It’s actually shocking to me how tone deaf those who claim to represent our industry are […]

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Consumer Expectations Will Set the New Lending Standard

It’s no surprise that industries are changing. With stiff competition among businesses, the new standards for success are being set by customer expectations. Industries from education to lending are learning fast that to stay in business, they must remain highly competitive and in-tune with their customers. J.D. Power’s 2020 U.S. Primary Mortgage Servicer Satisfaction Study […]

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Borrowers Still Hold Misconceptions About Alternative Lenders

The economic crisis is causing more and more businesses to seek additional funding. Many individuals who are beginning their search still have long-held misconceptions about what makes them a good candidate for a loan. So, what do some of those misconceptions look like? While traditional bank loans may have strict requirements for applicants, many business […]

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Security Spells Success for Financial Tech Companies During the Pandemic

Both businesses and individuals have taken the COVID health emergency as an opportunity to bring their operations online. As the number of remote financial transactions grows, more and more companies are trying to capitalize on this trend. However, with billions of dollars circulating online, financial software needs to be safer than ever before. First, how […]

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