ICBA Bancard, the payments services subsidiary of the Independent Community Bankers of America (ICBA), announced a new partnership with MK Decision (MK) for its online loan-origination system. In a press release, ICBA Bancard said the partnership with MK Decision streamlines its credit card application process...
Her Majesty’s Revenue and Customs (HMRC) has refused to delay a “loan charge” policy for tens of thousands of individuals in the U.K. who are facing a tax charge they have been avoiding for 20 years, according to a report by the Financial Times. The...
U.S. companies are far behind companies in Europe when it comes to issuing sustainability-linked loans, reported Reuters. According to a report in Reuters, new global standards set in place last week by the Loan Market Association, the Loan Syndications and Trading Association and the Asia...
Shanghai-based Dianrong, one of China’s largest peer-to-peer (P2P) lenders, is blaming the government for its recent problems, which includes shutting down 60 of its 90 offline stores and laying off around 2,000 employees. “Some people wonder why Dianrong’s growth has slowed in the past two...
The China Banking and Insurance Regulatory Commission (CBIRC) has released new guidelines aimed at getting banks to increase lending to small businesses. According to a report in Financial Times, the new directives were announced Wednesday (March 13) as China looks to overcome financing roadblocks in...
Federal Reserve Governor Lael Brainard said on Tuesday (March 12) that a more flexible look at banks through the lens of the Community Reinvestment Act (CRA) could potentially make capital available for regions outside the usual areas financial institutions cater to. Brainard made the remarks...
Bank of America has pledged $100 million to the Tory Burch Foundation to make capital available to women in the business sector who might not otherwise have access to it, according to reports. “Women entrepreneurs face many obstacles, access to capital being the biggest and...
The Consumer Financial Protection Bureau (CFPB) disclosed in a report on Friday (March 1) that there has been an increase in active duty service members and veterans applying for first time homebuyer loans at least partially guaranteed by the U.S. Department of Veterans Affairs (VA)....
JPMorgan Chase, aiming to get a bigger piece of the point of sale financing market, announced Wednesday (Feb. 27) that it is launching “My Chase Plan,” a tool that allows card customers to finance purchases of more than $500. According to a report in Bloomberg,...
