The Consumer Financial Protection Bureau is warning Americans about “double dealing” by mortgage comparison-shopping platforms. “Companies operating these digital platforms appear to shoppers as if...
A spike in the price of new cars has both buyers and auto dealers worried. As The Wall Street Journal (WSJ) reported Saturday (Feb. 4),...
Santander UK has warned that macroeconomic challenges in the United Kingdom could impact credit quality. In its 2022 results announced on Thursday (Feb. 2), Santander...
So far into 2023, there’s been cautious optimism from payment networks on card spending. Earnings results from Mastercard, Visa, American Express and others show that...
LendingClub’s results showed that higher interest rates are cutting into investors’ demand to buy loans. The company said in its earnings materials on Wednesday (Jan....
The Bank of England (BoE) has reported an increase in small businesses defaulting on loans. In the findings of a survey of lenders in the...
LendingClub is cutting 225 jobs as demand for loans falls due to rising interest rates. The cuts — which amount to 14% of the digital...
SMBs are already dealing with inflation but now must bear the brunt of higher interest rate hikes too. It’s an economic one-two punch that forces legions of...
Credit card interest rates are expected to average 20.5% by the end of the year. That would be up from the 19.6% recorded during the...