This week's top alternative lending news stories
 
First Associates
Alternative Lending News
 
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baja

First Associates Loan Servicing Opens a New 1000-Seat Operations Center in Baja California

First Associates Loan Servicing announced today the opening of their new 1000-seat capacity operations center in Baja California, Mexico. This state-of-the-art center will support the continued global expansion of First Associates and enable the company to continue delivering first-class service and security for their clients.

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occ-files

OCC Files Motion to Dismiss Fintech Charter Lawsuit

The Office of the Comptroller of the Currency has filed a motion to dismiss a lawsuit by state regulators challenging the agency's fintech charter. In April, the Conference of State Bank Supervisors sued the OCC, arguing that it did not have statutory authority to grant national bank charters to fintech companies that do not take deposits.  

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NewBreed SB

The New Breed of Small Business Lenders: Amazon, Paypal and Square

If asked where to get a small business loan most people would state their local banks or even some of the bigger traditional banks. Those aware of the online lending space may mention the likes of Kabbage, OnDeck, Funding Circle or maybe even some of the new online initiatives of big banks like Wells Fargo's FastFlex product. However there is another, often overlooked segment of small business lenders and they are names you have heard of: Amazon, Paypal and Square.

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Method Startup

Using Peer-to-Peer Lending as A Method For Startup Growth

In spite of ongoing challenges, the marketplace lending industry continues to scale. Perhaps as a testament to the industry's success, incumbent banks such as Goldman Sachs have begun to encroach on fintech's turf. The bank's Marcus platform has offered personal loans to consumers since October 2016. Meanwhile, regulatory uncertainty has only increased with recent rulings providing no clear framework.

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Product Spotlight: Treasury Services
 
First Associates Treasury Services
 

From an industry leader with the expertise, infrastructure and cloud-based technology to provide first-class paying agent, collateral management and other treasury service requirements. Without the need for additional third-party service providers.

First Associates is the only company in its class to receive a Morningstar MOR RV1 ranking for overall excellence which is a direct reflection of the stellar reputation we have earned as a trusted service provider. Our peers rated us a LendIt 2017 Top Service Provider, we merited a zero-discrepancy SSAE-16 audit and we meet all CFPB, TCPA and FDCPA regulations. This is why so many clients put their trust in us to administer their treasury services.

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Upcoming Events
 
 

Webinar: The Importance of a Servicer Ranking: What it Takes to Earn a Top Ranking from Morningstar Credit Ratings
September 13
1:00 PM

ABS East
September 17-19
Fontainebleau Hotel
Miami Beach, FL

LendIt Europe
October 9 - October 10
London Intercontinental
London, United Kingdom

LEND360
Save 15% with promo code FIRSTASSOCIATES15
October 11-13
Fairmont Dallas
Dallas, TX

Powersports Finance
October 24 - October 25
Wynn Las Vegas
Las Vegas, NV

California Financial Services Association
October 12 - October 14
Ritz Carlton Hotel Rancho Mirage
Rancho Mirage, CA

Auto Finance Summit 17
October 25 - October 27
Wynn Las Vegas
Las Vegas, NV

American Banker Digital Lending + Investing Conference
November 2 - November 3
Sheraton New York
New York, NY

 
 

About First Associates Loan Servicing, LLC 

First Associates offers in-depth industry expertise, cutting-edge technology and a comprehensive array of services across a variety of asset classes. We are the fastest growing third party servicer of loan and lease portfolios in the United States and are the only company in our class to achieve a Morningstar ranking of ‘stable’ which is the highest certification available to assess operational risk and excellence in loan servicing. Our model is build with your success in mind and we deliver flexible, scalable and innovative solutions to meet the demands of any client. Learn More 

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888.486.2509
solutions@1stassociates.com 
www.1stassociates.com