Wells Fargo has gone back on a previous declaration that it would be doing away with its personal credit lines, Bloomberg reported. The lender has, in the last few days, been informing customers using personal credit lines that the financing channels will still be available,...
Citi announced on Wednesday (August 11) that it is introducing the launch of Bridge built by Citi, a new lending platform intended to assist small and medium-sized businesses (SMBs) meet up with local lenders for loans up to $10 million. The Bridge built by Citi...
Numerated, a four-year-old FinTech digital lending platform, has added new features to automate processes for business lending products, the company announced on Wednesday (Aug. 4). The Boston-headquartered startup provides its bank and credit union (CU) customers with a single digital lending platform for both secured...
Consumer applications for mortgages, car loans and revolving credit cards had essentially returned to pre-pandemic levels by May, a new report from the Consumer Financial Protection Bureau (CFPB) has found. According to the CFPB, prime and near-prime consumers are the key drivers for this recovery,...
Auto sales are on the rise — and with those gains, it stands to reason that lending to help finance those purchases would also be up. Bank earnings have been a hallmark of quarterly reports this past week, and depending on where you looked, auto...
Paducah, Kentucky-based Computer Services Inc. (CSI) announced on Tuesday (July 13) the launch of its CSI Loan Marketplace, with the goal of helping financial institutions (FIs) gain access to a nationwide market of commercial and consumer loans. “The economic downturn has made it vital for...
Better, the digital mortgage lender, will be purchasing Trussle, the U.K.-based digital mortgage and insurance broker, CNBC wrote Monday (July 12). Trussle is also backed by Goldman Sachs, Finch Capital and others, and the deal values Trussle at $9 million. The pandemic brought about a...
Americans seem to be regaining an appetite for auto loans and leases, credit cards and personal loans, The Wall Street Journal (WSJ) reported. The demand for these types of borrowing shot up 39 percent year over year in April, and up 11 percent compared to...
CheckAlt, which works in providing loan payments and item processing solutions for credit unions (CUs) and banks, is partnering with LEVERAGE Payment Solutions to solve loan repayment problems, according to a press release. With CheckAlt’s LoanPay, borrowers can pay off loans anytime and via any...
