With the nation collectively owing $1.3 trillion in student loan debt and countless graduates struggling to pay back their student loans, one Ivy League school, Brown University, is getting rid of it. Get the Full Story Complete the form to unlock this article and enjoy...
Curo Group, one of the largest payday lenders in the U.S., went public on the stock market with a valuation of $620 million. According to a report in the Financial Times, the lender – which goes after underbanked consumers or those who aren’t represented by...
Home buyers are facing a new challenge in finding mid-priced houses to purchase: Cash buyers who swoop in and snatch up all the properties. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
The Chinese government’s financial regulators have distributed new rules to local governments, targeting the fast-growing online micro-lending industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...
The Federal Reserve Bank of New York painted a more optimistic picture of U.S. households, saying access to credit has improved at the same time that their risk of a financial shock has declined. Get the Full Story Complete the form to unlock this article...
Student loans have an unexpected consequence if they go unpaid: Borrowers who default on their payments can lose their state-issued professional licenses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Goldman Sachs revealed that it can reach $13 billion in new consumer loans in the next three years through its Marcus online lending business. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The Federal Reserve Bank of Cleveland issued new research on the online lending market showing that borrowers end up in more debt than consumers who don’t utilize this method of borrowing. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Capital One Financial Corp. is getting out of the mortgage origination and home equity business, while continuing to service their existing and pending home loans, because of competition that made it too hard for the unit to turn a profit. Get the Full Story Complete...
