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). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
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). Get the Full Story Complete the form...
In lending, many basic protections that apply to consumers, such as disclosure of the annual percentage rate, aren’t required when lending to small businesses. And given that they’re in an underserved credit market, many end up paying much higher rates, often unwittingly. Get the Full...
Maybe you’d like to consolidate some debt. That roof isn’t going to earn its own money and fix itself — and come to think of it, neither is your car. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
RecargaPay, a mobile payments and wallet for Brazil, has received authorization from the central bank to provide loans, according to a Wednesday (Nov. 17) report from The Paypers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The Consumer Financial Protection Bureau (CFPB) is looking for input on implementing the Home Mortgage Disclosure Act (HMDA), which requires lenders to report information about home loans they receive applications for, originate or buy, according to a press release. Get the Full Story Complete the...
Thanksgiving is in front of us, though we all know the unofficial kickoff to the holiday spending season really happens before Black Friday. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
The Consumer Financial Protection Bureau (CFPB) filed a lawsuit against pawn lenders FirstCash, Inc. and Cash America West, Inc. on Friday (Nov. 12) in a Texas federal district court, charging the companies with violating the Military Lending Act (MLA) by charging active-duty service members too...
