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

CFPB Levies Record $3.7B Fine on Wells Fargo
CFPB Levies Record $3.7B Fine on Wells Fargo
December 20, 2022  |  Regulation

The CFPB fined Wells Fargo a $3.7 billion fine for its handling of loans and banking programs. The record penalty, announced Tuesday (Dec. 20), exceeds the...

READ MORE >
Personalization Is the New Credit Union Connected Finance Play
Personalization Is the New Credit Union Connected Finance Play
December 16, 2022  |  Credit Unions

As consumers seek new connected financial experiences, more are turning to their local credit union for answers. Few organizations are as well positioned as credit...

READ MORE >
Repayment of PPP Business Loans Threatens Struggling Main Street SMBs
Repayment of PPP Business Loans Threatens Struggling Main Street SMBs
December 14, 2022  |  SMBs

For Main Street SMBs, PPP business loans were once lifelines but now could become anchors. This, as the loans that were offered as federal aid...

READ MORE >
Versana Launches Syndicated Loan Platform
Versana Launches Syndicated Loan Platform
December 13, 2022  |  Loans

Versana has launched an industry-backed syndicated loan platform. By digitally capturing agent banks’ deal data on a real-time basis, this centralized solution connects banks, institutional...

READ MORE >
Rising Interest Rates Threaten Non-Bank Lender Business Models
Rising Interest Rates Threaten Non-Bank Lender Business Models
December 11, 2022  |  Consumer Finance

Finance companies have seen borrowing costs skyrocket this year as interest rates rise. That’s according to a report Sunday (Dec. 11) by The Wall Street...

READ MORE >
Ualá and ABC Capital Team to Offer Loans in Mexico 
Ualá and ABC Capital Team to Offer Loans in Mexico 
December 05, 2022  |  Digital-First Banking

Ualá and ABC Capital have teamed to offer personal loans in Mexico.  This will be a new offering for both companies. It comes as Ualá,...

READ MORE >
FinTechs Give EU Post Offices Edge in Small Business Lending
FinTechs Give EU Post Offices Edge in Small Business Lending
December 05, 2022  |  Loans

Besides enabling mail deliveries, Europe’s post offices are evolving to meet modern banking needs. Leveraging their established branch networks and existing infrastructure, the likes of...

READ MORE >
JG Wentworth Buys Stilt’s Digital Lending Platform 
JG Wentworth Buys Stilt’s Digital Lending Platform 
December 05, 2022  |  Consumer Finance

JG Wentworth has acquired FinTech and personal loan lender Stilt’s digital lending platform.  With the acquisition, JG Wentworth, a consumer financial services company, will accelerate its...

READ MORE >
EU Banks Dial Back Lending
EU Banks Dial Back Lending
December 04, 2022  |  Loans

Europe’s banks will likely reduce lending next year as the region dips into a recession. That’s according to a Sunday (Dec. 4) Financial Times report,...

READ MORE >