Lending

In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations etc. The recipient incurs a debt, and is usually liable to pay interest on that debt until it is repaid, and also to repay the principal amount borrowed.

Source: en.wikipedia.org

SoFi Gets $2 Billion to Expand Its Loan Platform Business
SoFi Gets $2 Billion to Expand Its Loan Platform Business
October 14, 2024  |  Investments

Personal finance company SoFi is expanding its loan platform with a new $2 billion investment. The new “loan platform business agreement,” announced Monday (Oct. 14), is based on funds...

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Markaaz CEO: SMBs Need a ‘Golden Record’ of Truth to Access Lending
Markaaz CEO: SMBs Need a ‘Golden Record’ of Truth to Access Lending
October 10, 2024  |  SMBs

If information is power, the lack of information creates a vacuum, especially in small business banking. As to what’s needed? Call it a single source...

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As Card Delinquencies Rise, Will Debt Consolidation Loans Have Their Moment?
As Card Delinquencies Rise, Will Debt Consolidation Loans Have Their Moment?
October 09, 2024  |  Loans

Despite the volatility month to month on credit card debt, per government reports, the trend remains, generally, upward and to the right. And for consumers...

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Lenders Must Overcome Application Friction to Grow Embedded Lending Share
Lenders Must Overcome Application Friction to Grow Embedded Lending Share
October 09, 2024  |  Payments Innovation

Embedded lending is all about the future of credit. As such, it has opportunities and challenges, even in developed markets like the United States. The...

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Experian Teams With Oakbrook to Offer Debt Consolidation Loans
Experian Teams With Oakbrook to Offer Debt Consolidation Loans
October 07, 2024  |  Loans

Experian Consumer Services has launched a partnership with non-bank lender Oakbrook. The collaboration with the British firm, announced Monday (Oct. 7), will offer debt consolidation loans on the Experian...

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Plaid and MoneyLion Team to Give Lenders Cash Flow Underwriting Insights
Plaid and MoneyLion Team to Give Lenders Cash Flow Underwriting Insights
October 07, 2024  |  Loans

Digital financial ecosystem MoneyLion adopted a new solution from Plaid that allows consumers to link their bank accounts and get pre-qualified for loans. When consumers...

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CFPB: More Loans Will Require Detailed Disclosures in 2025
CFPB: More Loans Will Require Detailed Disclosures in 2025
October 04, 2024  |  Regulation

The Consumer Financial Protection Bureau (CFPB) and Federal Reserve raised the dollar thresholds for applicability of Truth in Lending (Regulation Z) and Consumer Leasing (Regulation...

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FDIC: High-Touch Beats High-Tech in Small Business Lending
FDIC: High-Touch Beats High-Tech in Small Business Lending
October 03, 2024  |  Loans

In small business lending — regardless of the size of the bank doing the lending itself — a high-touch approach and in-person visits to the...

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Visa: Embedded Lending Provides Global Tailwind for Consumers and SMBs
Visa: Embedded Lending Provides Global Tailwind for Consumers and SMBs
October 03, 2024  |  Loans

Embedded lending options are proving to be critical lifelines for individuals and the smallest businesses — particularly in an uncertain macro environment marked by relatively...

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