For all the talk of DeFi changing the financial world forever, the reality is that decentralized finance is largely a closed system. For the most part, cryptocurrency owners put up their crypto as collateral for loans in dollar-pegged stablecoins, then use them to invest in...
The Biden Administration has given student loan borrowers an early Christmas present, extending the pause on payments until May 1. “We know that millions of student-loan borrowers are still coping with the impacts of the pandemic and need some more time before resuming payments,” the president...
February 2022 looms as a red-letter month for individuals and consumers with student loans – and, by extension, signals pressure for paycheck-to-paycheck consumers. It’ll be tougher to make ends meet. As has been widely reported, the Biden administration is planning to press ahead with a...
Leading auto loan services platform Autochek Africa has announced the launch of a dedicated brand-new cars section on its website and mobile app, allowing customers in East and West Africa to access a variety of digital financing options to purchase new cars and trucks from reputable...
For all the trouble balloon payments caused in the housing crash of 2008, used properly, such loan terms can be a viable option for lowering monthly payments, especially on costly cars. An example of the resurgence of balloon payments in the auto sector comes from...
Whatever your plans for a loan, you want to make sure the lender is one that’s right for you and their app is one that can get the job done. The PYMNTS Provider Rankings of Personal Loan Apps is here to help. In this monthly ranking, the apps...
Lending, it’s been said, is as much art as science – and even in the 21st century, it is filled with friction. But with advanced technologies in the mix, and with the cooperation between lenders and borrowers enriched by data, the process becomes far more...
Banking profits dropped during the third quarter of 2021 due to a slower reduction in loan loss provisions, the Federal Deposit Insurance Corporation (FDIC) reported on Tuesday (Nov. 30). According to Reuters, profits dropped 1.2% to $69.5 billion, but were still up almost 36% compared...
Digital marketplace bank LendingClub now offers automobile refinance loans in 40 states, reaching 94% of the population nationwide and saving the average borrower about $4,000 over the course of the debt, the company announced on Tuesday (Nov. 30). First introduced in California in 2016, LendingClub’s...
