Banker's Toolbox Announces — ACQUISITION OF LOAN LOSS RESERVE POWERHOUSE, MAINSTREET TECHNOLOGIES
Banker's Toolbox, Inc., leaders in compliance solutions for financial institutions, announced the acquisition of Georgia-based MainStreet Technologies (MST). MST is an industry leader in the loan risk management space. This acquisition adds to a strong and growing portfolio of compliance-related solutions and will continue to enhance the value Banker's Toolbox brings to both their customers and the industry. (Read full press release here.)
FTC to host small business financing forum
The Federal Trade Commission will host Strictly Business: A Forum on Small Business Financing on May 8, 2019, to examine trends and consumer protection issues in this marketplace, including the recent proliferation of online loans and alternative financing products. The event will gather a variety of stakeholders to examine this industry, including the different types of products available to small businesses, the benefits of those products, and possible consumer protection concerns. The forum will also examine how the Federal Trade Commission Act, other laws, and self-regulatory frameworks may apply to companies offering these products.