interest

Interest, in finance and economics, is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum, at a particular rate. It is distinct from a fee which the borrower may pay the lender or some third party.

Source: en.wikipedia.org

Raisin Raises $114M To Make Strategic Buys, Expand Internationally
Raisin Raises $114M To Make Strategic Buys, Expand Internationally
February 06, 2019  |  Fintech Investments

Raisin, the pan-European FinTech that operates a marketplace for savings and investment products, announced Wednesday (February 6) that it raised $114 million in venture capital funding,...

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Are Mortgages The On-Ramp For Lifelong Financial Management?
Are Mortgages The On-Ramp For Lifelong Financial Management?
February 04, 2019  |  Alternative Finances

Of the scores of innovations and updates to consumer lending seen and written about over the last decade or so, speed is always offered as...

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Robinhood Launches Checking, Savings Account
Robinhood Launches Checking, Savings Account
December 13, 2018  |  Banking

Robinhood, the mobile investment app company, announced Thursday (Dec. 13) that it has launched Robinhood Checking & Savings, a new feature aimed at expanding its...

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Goldman Sachs and Wells Fargo Eyeing The Credit Card Lending Market
Goldman Sachs and Wells Fargo Eyeing The Credit Card Lending Market
May 09, 2018  |  Banking

Goldman Sachs and Wells Fargo are gearing up to go after the credit card lending industry as it seeks to access some of the $183...

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CFPB Hits Citibank With Fine Over Student Loan Servicing
CFPB Hits Citibank With Fine Over Student Loan Servicing
November 22, 2017  |  Banking

The Consumer Financial Protection Bureau (CFPB) announced Tuesday (Nov. 21) it has taken enforcement action against Citibank for what the government watchdog said were failures...

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Goldman Sees $13B In Consumer Loans In Its Future
Goldman Sees $13B In Consumer Loans In Its Future
November 15, 2017  |  Loans

Goldman Sachs revealed that it can reach $13 billion in new consumer loans in the next three years through its Marcus online lending business. According...

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