IRS Modernization: Bipartisanship Still Exists This week a team of bipartisan Members of Congress and Senators introduced legislation to modernize an antiquated process used by the IRS to verify income. As our CEO Trevor Dryer discussed in a BankThink article for the American Banker, pulling a tax transcript to verify income of a small business involves faxing and […]
Courting the underbanked: Amazon is changing the game for the banking industry Amazon has dipped their toe into the banking industry “water” by offering select merchants who sell on their site short-term business loans. While this is just a small segment of the overall market we all know what could happen if Amazon jumps […]
Last Month in D.C.: August FinTech Update Historically, August is a quiet month in Washington, DC. Dating back to the 1800s, Congress recessed in the summer months to escape the heat. Before the arrival of central air conditioning, the hot and sticky summer months were more than the elected officials could bear and even the […]
CMFG Ventures Announces Investment in Mirador Company Delivers Complete Digital Small Business Lending Platform to Credit Union Industry As we continue to power the future of small business lending, working more closely with credit unions is an obvious step to better support access to reasonable and transparent credit for small business owners. Last week, CMFG […]
Alternative lenders are disparaging banks: See how we’re helping traditional lenders compete. In a recent direct mail campaign from Funding Circle, the alternative lender is presenting alternative facts as well. We've played Mythbusters with their “facts” and presented data from real bank lenders using Mirador's digital small business lending platform. Myth: The process takes months. […]
Join us for a FinTech Industry Update Webinar Hosted by Trevor Dryer, CEO & Co-Founder of Mirador. Date: Tuesday, August 22 Time: 2pm Eastern, 11am Pacific Duration: 60 minutes Register for the webinar. The world of FinTech is continuously evolving, new players are entering and continue to push further innovation in the marketplace. In this webinar, Trevor Dryer, CEO & Co-Founder […]
Now lenders who offer commercial real estate loan products can seamlessly support applicants using their existing Mirador implementation. Like with existing loan routing, Mirador's Match API will automatically trigger the digital commercial real estate application flow when an applicant selects the “buy or refinance real estate” loan purpose in the initial qualification screen. The functionality […]
As July in Washington ends with high drama and spectacular political drama, much of the day-to-day work occurred with little fanfare. Congress is working to overturn a rule finalized by the Consumer Financial Protection Bureau (CFPB) limiting the use of arbitration clauses in financial products. Concerns related to the cost associated with this limitation and […]
Financial Services and Banking Update for June 2017 Housing finance reform took center stage the month of June. An area that both Republicans and Democrats view as needing reform, experts debated the need to move Fannie Mae and Freddie Mac out from under the Federal Government's conservatorship. Despite an agreement to the need for reform, […]
A new report released by the Treasury Department further proves what many of us already know: CDFIs provide financial services to the most underserved communities across this country. According to an article published in the American Banker about the report, clear evidence exists for continuation of the Bank Enterprise Award Program (BEA Program) which provides monetary […]