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

Momnt Raises $15 Million to Grow Lending and Financing Platform

Momnt Raises $15 Million to Grow Lending and Financing Platform
Momnt Raises $15 Million to Grow Lending and Financing Platform
September 06, 2023  |  Investments

Atlanta-based FinTech company Momnt has raised $15 million to grow its lending and financing platform. Get the Full Story Complete the form to unlock this article and...

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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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