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

UK’s Smaller Banks Could Benefit From New Capital Rules
UK’s Smaller Banks Could Benefit From New Capital Rules
September 12, 2024  |  Banking

New capital requirements could help Great Britain’s smaller lenders compete in the country’s mortgage market. That’s according to a report published by Reuters on Thursday...

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CFPB Bars Navient From Federal Student Loan Business
CFPB Bars Navient From Federal Student Loan Business
September 12, 2024  |  Regulation

Navient is exiting the federal student loan business as a regulator prepares to fine it $120 million. The company, formerly known as Sallie Mae, was...

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Report: Goldman Sachs Struggles as It Tries to Exit GM Card
Report: Goldman Sachs Struggles as It Tries to Exit GM Card
September 10, 2024  |  Credit Cards

Goldman Sachs this week reported losses related to its Main Street lending business. The banking giant has been pulling away from the credit card lending...

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Capital Costs vs. Economic Growth: The Fed’s Balancing Act on Bank Lending
Capital Costs vs. Economic Growth: The Fed’s Balancing Act on Bank Lending
September 10, 2024  |  Loans

Regulators have scaled back capital requirements for banks, reducing the holdings that must be on the books to buffer against economic and other shocks. But...

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MoneyLion and Nova Credit Deliver Cash Flow Data to Lenders
MoneyLion and Nova Credit Deliver Cash Flow Data to Lenders
September 10, 2024  |  Loans

MoneyLion and Nova Credit have partnered to give credit issuers a more comprehensive view of consumers’ financial health and expand consumers’ access to credit. With...

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Nubank Defends Lending Practices as Late Payments Jump
Nubank Defends Lending Practices as Late Payments Jump
September 05, 2024  |  Loans

Lending practices at Brazil’s Nubank reportedly have Wall Street analysts uneasy. As Bloomberg News reported Thursday (Sept. 5), the lender — Latin America’s largest — is enjoying rapid growth,...

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Elepay Debuts 180-Day Pay-Later Offering for Property Owners
Elepay Debuts 180-Day Pay-Later Offering for Property Owners
September 03, 2024  |  Loans

Australian lender Elepay has introduced its latest pay-later solution for property owners. The Brisbane-based company’s 180-day offering, announced in a news release Tuesday (Sept. 3), is designed to allow...

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Citigroup Aims to Double Commercial Banking Revenue by Targeting Small Businesses
Citigroup Aims to Double Commercial Banking Revenue by Targeting Small Businesses
August 28, 2024  |  SMBs

Citigroup is reportedly looking to increase its revenue by adding smaller clients. Traditionally known for serving only the largest clients, the bank has expanded its...

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Sezzle Teams With Liberis on Small Business Funding Program
Sezzle Teams With Liberis on Small Business Funding Program
August 28, 2024  |  SMBs

Buy now, pay later (BNPL) firm Sezzle and embedded finance platform Liberis teamed to help American small businesses get funded. The partnership is centered around...

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