alternative credit

Elevate Credit Ordered to Pay $3.3M for Predatory Lending Practices
Elevate Credit Ordered to Pay $3.3M for Predatory Lending Practices
February 10, 2022  |  Legal

Elevate Credit agreed to pay a minimum of $3.3 million for charging people interest rates above the 24% maximum allowed by Washington, D.C for loans...

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Neobank Fills Primary Account Need for EU’s ‘Credit Invisibles’
Neobank Fills Primary Account Need for EU’s ‘Credit Invisibles’
February 03, 2022  |  Gig Economy

For a very large population of customers in the United Kingdom who are ‘credit invisible’ — meaning they have little or no credit history with...

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The BNPL Innovation That Pure Plays Unlocked and Banks Are Missing
The BNPL Innovation That Pure Plays Unlocked and Banks Are Missing
January 31, 2022  |  BNPL

When general-purpose credit cards were introduced in the late 50s and early 60s, they were advertised as a way for consumers to buy something they...

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Experian Launches World’s First BNPL Bureau
Experian Launches World’s First BNPL Bureau
January 27, 2022  |  BNPL

Experian is launching The Buy Now Pay Later Bureau this spring, which the Irish credit data company calls a “first-of-its kind” operation designed to protect...

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Klarna Intros Physical Card in UK
Klarna Intros Physical Card in UK
January 26, 2022  |  BNPL

Buy now pay later (BNPL) banking platform Klarna is introducing a physical Visa card in the U.K. that already has a waitlist of 400,000, according...

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Katapult: 2021 Was the Year of Inclusion
Katapult: 2021 Was the Year of Inclusion
January 17, 2022  |  Opinion

Retailers stepped up to the plate for non-prime customers in 2021, offering installment programs that gave more people access to products and services. Orlando Zayas,...

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TransUnion to Enable Credit Checks for Blockchain Lenders
TransUnion to Enable Credit Checks for Blockchain Lenders
January 12, 2022  |  Blockchain

TransUnion will begin offering credit information to blockchain lenders with the help of security firm Spring Labs, the two companies announced Wednesday (Jan. 12). “The...

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Prosper Marketplace Launches Credit Card to Help People Manage Finances
Prosper Marketplace Launches Credit Card to Help People Manage Finances
January 12, 2022  |  Alternative Credit

Digital lending platform Prosper Marketplace is launching the Prosper Card to help people get a handle on their finances no matter where they fall on...

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Credit Suisse Tests Financing Through eNote
Credit Suisse Tests Financing Through eNote
January 11, 2022  |  Alternative Credit

Credit Suisse says it has provided financing to two manufacturing companies using an electronic promissory note, or eNote.  The Swiss financial services firm announced the...

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