Funder Intel

NMI expands its Business Capital program with embedded term loans and starter offers powered by Parafin, now available to 6,000 platform partners and ISOs. This move brings faster, more flexible merchant financing directly where merchants need it most. Read more: https://wix.to/L0196CE

NMI Adds Embedded Lending Options NMI added term loans and starter offers to Business Capital, its Parafin-powered embedded lending program, putting merchant financing in the hands of 6,000 platform partners and ISOs.

Quick Take: Enova International, the parent company of OnDeck, has withdrawn its applications with the OCC and the Federal Reserve tied to its planned $369 million acquisition of Grasshopper Bancorp, ending its bid to become a bank holding company. Shares fell more than 25 percent intraday in the first trading session after the announcement.

More details on funderintel.com

Your reminder that MLM companies like Amway have the reputation of being a scam for a reason.

Amway, affiliates to pay $225 million to settle US claims they deceived recruits Multilevel marketing company Amway Corp and two of its affiliates ​will pay the Federal Trade Commission and Washington ‌State $225 million to resolve allegations it recruited new members with deceptive claims about how much money they could make, the agency said ​on Thursday.

A facial recognition match led to 163 days behind bars for Angela Lipps, and a string of investigative errors made it worse. Our latest piece examines how AI tools and human oversight failed her, and what must change to prevent future injustices. Read the full investigation: https://wix.to/VWIxSRV

Facial Recognition, Bad Detective Work and 163 Days in Jail: The Angela Lipps Case Angela Lipps spent 163 days in custody after a facial recognition lead and investigative errors. Her case raises serious questions about AI oversight.

Trust in commercial finance starts where shortcuts end. Lenders who keep tight processes, clean docs, and firm oversight protect reputations and portfolios. Brokers and credit teams take note: standards matter. Read more on practical diligence and why it pays. https://wix.to/5JhalM6 🔍🤝

What’s one standard you won’t compromise on? Tell us below.

BNC shareholders have approved the $130M sale to OppFi — but the real hurdle remains regulatory approval, the same issue that sank Enova’s deal. Read our analysis on what comes next for fintech bank charters and why regulators will be the deciding factor. https://wix.to/89Gy2gM

BNC Shareholders Say Yes to OppFi. Now Comes the Part That Killed Enova's Deal. BNCCORP stockholders approved the $130M sale to OppFi days after Enova killed its own bank deal. Regulatory approval is now the test for fintech bank charters.