China’s central bank is planning to provide 300 billion yuan, or $46.4 billion, in low-cost funding to aid banks in providing support for small- and medium-sized businesses (SMBs), according to Bloomberg on Wednesday (Sept. 1). Get the Full Story Complete the form to unlock this article...
Banks sitting on piles of cash are quickly easing lending standards for both consumers and small businesses in the second quarter as competition to extend loans heats up, according to Financial Times (FT) and data from the U.S. Federal Reserve. Get the Full Story Complete...
Mastercard FinTech company Finicity on Thursday (Aug. 26) announced an expansion of its one-touch mortgage verification service, which will now be integrated into ICE Mortgage Technology, per a press release. The software integration allows borrowers to grant authorization seamlessly to ensure that lenders can obtain...
Wells Fargo has gone back on a previous declaration that it would be doing away with its personal credit lines, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
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. Get the Full Story Complete...
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). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
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. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
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. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
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. Get the Full Story Complete the form to...
