Interest Rates

‘Rent-a-Bank’ Lending Practices Trigger Calls For Regulation
‘Rent-a-Bank’ Lending Practices Trigger Calls For Regulation
March 11, 2020  |  Loans

Consumer advocates are pushing federal banking regulators to do something about rent-a-banks with notoriously sky-high loan rates that prey on people with bad credit, the...

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Gauging Coronavirus Ripple Effects (And Limitations) On Interest Rates — And Borrowing
Gauging Coronavirus Ripple Effects (And Limitations) On Interest Rates — And Borrowing
March 04, 2020  |  Economy

This week has seen the twin impacts of panic and policy. Panic tied to the coronavirus, of course, and policy via the Fed, specifically, monetary...

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Fed: ‘Great Uncertainty’ Around Impact To US Economy
Fed: ‘Great Uncertainty’ Around Impact To US Economy
February 25, 2020  |  International

Officials with the Federal Reserve don’t know yet precisely how severe the impact from the coronavirus will be, and on Monday (Feb. 24) said they...

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Debt Protection Costs Lowest Since Pre-Recession
Debt Protection Costs Lowest Since Pre-Recession
February 20, 2020  |  B2B Payments

Those looking to insure against some of the globe’s largest corporate borrowers are in luck: The debt protection cost has dropped to its lowest point...

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EU Braces For Coronavirus’ Impact On PMI
EU Braces For Coronavirus’ Impact On PMI
February 16, 2020  |  International

China’s coronavirus is having a negative impact on the eurozone’s already-sluggish economy, and no one is confident that the U.S. Fed will leave interest rates...

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SMB Digital Loan Applications Rose 19 Pct. YOY
SMB Digital Loan Applications Rose 19 Pct. YOY
December 30, 2019  |  Loans

As banks continue to shy away from providing small business loans, many small and medium-sized business (SMB) owners have turned to online lending companies to...

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SMBs’ Online Lending Surge Raises Borrower Protection Concerns
SMBs’ Online Lending Surge Raises Borrower Protection Concerns
December 30, 2019  |  B2B Payments

Small businesses continue to flock to online platforms to find much-needed financing, with banks still failing to fill the demand for small to medium-sized business...

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Consumers Drive Q3 US Economic Growth
Consumers Drive Q3 US Economic Growth
November 27, 2019  |  Economy

October saw a rise in consumer spending, according to a report by Reuters. The news organization is reporting that the economy will most likely continue...

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Santander Rolls Out US Digital Deposits To Rival Goldman
Santander Rolls Out US Digital Deposits To Rival Goldman
October 21, 2019  |  Digital Banking

Spanish lender Santander is planning to launch an online deposit platform in the U.S., the Financial Times (FT) reported on Sunday (Oct. 20). The bank...

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