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

Plaid Teams With Prism to Help Lenders Make Better Credit Decisions
Plaid Teams With Prism to Help Lenders Make Better Credit Decisions
May 18, 2023  |  Partnerships

Open banking platform Plaid has launched a partnership with cash flow underwriting service Prism Data. The collaboration is designed to help businesses analyze and use consumer-permissioned open banking data to...

READ MORE >
Economic Downturn Highlights Credit Unions’ Lending Advantages
Economic Downturn Highlights Credit Unions’ Lending Advantages
May 18, 2023  |  Credit Unions

As consumers worry about financial wellness, 66% expect no improvement, and 29% expect their finances will worsen. Credit unions can stand out to existing and...

READ MORE >
Data Markets Take Guesswork Out of Credit Decisions
Data Markets Take Guesswork Out of Credit Decisions
May 17, 2023  |  B2B Payments

In today’s challenging macroclimate, many companies are losing resources.  Fortunately, new digital tools and modern lending and financing solutions can help those firms to close...

READ MORE >
CFPB’s Small Business Lending Rules Headed for More Scrutiny on Capitol Hill 
CFPB’s Small Business Lending Rules Headed for More Scrutiny on Capitol Hill 
May 15, 2023  |  Regulation

Small business lending’s new data-driven approach may be headed for more scrutiny on Capitol Hill. To that end, Rep. Maxine Waters (California), the top Democrat...

READ MORE >
Analyst Says SoFi Accounting Practices May Face Regulatory Scrutiny
Analyst Says SoFi Accounting Practices May Face Regulatory Scrutiny
May 15, 2023  |  Loans

SoFi Technologies’ stock dipped Monday (May 15) after an analyst said its accounting may overstate its capital. Wedbush Managing Director, Equity Research David Chiaverini cut SoFi to underperform...

READ MORE >
7 Companies Declare Bankruptcy Over Weekend in 15-Year Record
7 Companies Declare Bankruptcy Over Weekend in 15-Year Record
May 15, 2023  |  Economy

At least seven companies declared bankruptcy in the last 48 hours, a reported 15-year record. Among the firms seeking Chapter 11 protection were digital media...

READ MORE >
NY Fed Study: Small Lenders Weathered the Banking Crisis
NY Fed Study: Small Lenders Weathered the Banking Crisis
May 11, 2023  |  Banking

Smaller lenders emerged from the recent banking crisis relatively unscathed, according to new research. A study released Thursday (May 11) by the New York Fed...

READ MORE >
Blackstone Wants to Partner with Regional Banks in Loan Originations
Blackstone Wants to Partner with Regional Banks in Loan Originations
May 11, 2023  |  Banking

Blackstone wants to give regional banks more lending power ahead of a looming credit crunch. Jon Gray, president of the private equity giant, told the...

READ MORE >
Citi Adds Installment Loans and Lines of Credit Options to Retail POS
Citi Adds Installment Loans and Lines of Credit Options to Retail POS
May 10, 2023  |  Loans

Citi Retail Services is adding new point-of-sale (POS) lending options to its embedded payment capabilities. The new suite of Citi Pay products can integrate into...

READ MORE >