Square Inc., the technology company best known for processing payments for small merchants across the U.S., is now angling to lend to consumers, too.
NYS Entity Status
NYS Filing Date
SEPTEMBER 05, 2013
NYS DOS ID#
NYS Entity Type
DOMESTIC BUSINESS CORPORATION
2013 - FIRST AMERICAN COMMERCIAL LENDING INC.
AROUND THE WEB
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Tuesday Jun 27, 2017
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By JANIE HAR, Associated Press - Sunday Jul 9, 2017
SAN FRANCISCO (AP) — Yul Dorn and his wife raised their son and daughter in a three-bedroom home crammed with family photos, one they bought in a historically African-American neighborhood in San Francisco more than two decades ago.The Dorns expect to join the growing ranks of African-Americans who do not own their homes, a rate that was nearly 30 percentage points higher than that of whites in 2016, according to a new report.The nation's homeownership rate appears to be stabilizing as people rebound from the 2007 recession that left millions unemployed and home values underwater, according to the report by Harvard University's Joint Center for Housing Studies.Experts say reasons for the lower homeownership rate range from historic underemployment and low wages to a recession-related foreclosure crisis that hit black communities particularly hard.In 2004, the pinnacle of U.S. homeownership, three-quarters of whites and nearly half of blacks owned homes, according to the Harvard study.[...] a lack of affordable housing and stricter lending are making it harder for first-time buyers to obtain what traditionally has been considered an essential part of the American dream and a way to build wealth.Low inventory adds to the problem, said Jeffrey Hicks, incoming president of the National Association of Real Estate Brokers, which was founded in 1947 to promote fair housing opportunities for minorities.African-Americans snapped up homes at the peak of the housing bubble, lured by generous lending and a glut of affordable properties, housing experts say.The single mother of three worked with a member of the nonprofit NeighborWorks America, which supports community development, to clear up her credit and save for a down payment on a Wells Fargo-financed loan.
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Does The New York Times joining Snapchat Discover lend an air of respectability to a new platform, and breathe new life into an aging publisher? That's obviously what the partners are planning -- butonly time will tell.
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- LENDonate Uniting Nonprofits, Funders With New Hybrid Online Lending Platform
By Nhu Te - Wednesday Jun 28, 2017
On June 22, LENDonate announced the launch of its hybrid online lending platform, which simultaneously sources donations and loans to 501(c)(3) nonprofit organizations. This platform is the first of its kind, bringing together nonprofits with funders for quick funding of high-quality, low-cost loans...
The post LENDonate Uniting Nonprofits, Funders With New Hybrid Online Lending Platform appeared first on NonProfit PRO.
- Manhattan Skyscraper Linked to Iran Can Be Seized by U.S., Jury Finds
By VIVIAN WANG - Thursday Jun 29, 2017
A federal panel concluded that the majority owners of 650 Fifth Avenue violated sanctions against Iran and laundered money through a shell company for an Iranian bank.