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

Not Knowing How to Measure Data’s Effectiveness Holds Small Business Lenders Back

Not Knowing How to Measure Data’s Effectiveness Holds Small Business Lenders Back
Not Knowing How to Measure Data’s Effectiveness Holds Small Business Lenders Back
August 29, 2023  |  SMBs

Small- to medium-sized businesses are tough. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

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FinTechs Throw Lifeline to Subprime-Borrowing Consumers
FinTechs Throw Lifeline to Subprime-Borrowing Consumers
August 28, 2023  |  Loans

Consumers with low credit scores may find assistance in their uphill battle toward greater financial security. Get the Full Story Complete the form to unlock...

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Fed Data Shows Pressure Building in Consumer Lending
Fed Data Shows Pressure Building in Consumer Lending
August 24, 2023  |  Debt

The Federal Reserve’s latest data on how loan performance at all banks is faring found pockets of resilience — and, perhaps, pockets of concern. Get the...

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CFPB Targets Heights Finance for Alleged Illegal Loan Churning
CFPB Targets Heights Finance for Alleged Illegal Loan Churning
August 22, 2023  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Heights Finance Holding, formerly known as Southern Management, and several of its subsidiaries, charging they have engaged...

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38% of Small Businesses Turn To Personal Funding Sources in Revenue Crunch
38% of Small Businesses Turn To Personal Funding Sources in Revenue Crunch
August 21, 2023  |  Commercial Payments

Three-quarters of Main Street businesses say they would close within 60 days of a cash crunch.  Get the Full Story Complete the form to unlock this article...

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Versatile Credit, Nationwide Marketing Group, Wells Fargo Launch Financing Portal
Versatile Credit, Nationwide Marketing Group, Wells Fargo Launch Financing Portal
August 15, 2023  |  Consumer Finance

Versatile Credit, Nationwide Marketing Group (NMG) and Wells Fargo have partnered to launch The Finance Hub, a consumer financing portal for merchants. Get the Full Story Complete the form...

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Apps and Alternative Data Key to Bringing Subprime Consumers Into Credit Mainstream
Apps and Alternative Data Key to Bringing Subprime Consumers Into Credit Mainstream
August 14, 2023  |  Consumer Finance

Inflation may be cooling but it still pressures consumers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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Bank Loan Losses Hit Three-Year High at $19 Billion
Bank Loan Losses Hit Three-Year High at $19 Billion
August 09, 2023  |  Banking

American banks reported nearly $19 billion in loan losses during the second quarter. Get the Full Story Complete the form to unlock this article and...

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Momnt and Acorn Finance Launch Home Improvement Loan Partnership
Momnt and Acorn Finance Launch Home Improvement Loan Partnership
August 08, 2023  |  Partnerships

Momnt and Acorn Finance have teamed to offer a lending solution for home improvement merchants. Get the Full Story Complete the form to unlock this article and enjoy...

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