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

EU Lawmakers Agree on Rules to Limit Credit Card Debt, Overdrafts
EU Lawmakers Agree on Rules to Limit Credit Card Debt, Overdrafts
July 14, 2022  |  Regulation

The European Parliament‘s (EP) Internal Market and Consumer Protection Committee almost unanimously approved on Tuesday (July 12) the new EU rules that, according to lawmakers,...

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TurnKey Lender Raises $10M, Names Board Chair
TurnKey Lender Raises $10M, Names Board Chair
July 14, 2022  |  B2B Payments

B2B Software-as-a-Service (SaaS) company TurnKey Lender announced Thursday (July 14) it had raised $10 million in new funding and appointed a new board chairman. According...

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JPMorgan Ups Loan Loss Reserves Amid Uncertain Consumer Outlook
JPMorgan Ups Loan Loss Reserves Amid Uncertain Consumer Outlook
July 14, 2022  |  Earnings

JPMorgan Chase set aside $428 million in additional funds to cover bad loans and also temporarily shelved share buybacks as the country’s biggest bank posted...

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Masa Finance Founder Believes Crypto Credit Scores Are DeFi’s Great Equalizer
Masa Finance Founder Believes Crypto Credit Scores Are DeFi’s Great Equalizer
July 11, 2022  |  Cryptocurrency

If you took the collateral out of decentralized lending, you’d have something not only potentially useful, but scalable into the real economy. So said the...

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Community Loans Plug Funding Hole for Africa’s Mobile Money Agents
Community Loans Plug Funding Hole for Africa’s Mobile Money Agents
July 11, 2022  |  Financial Inclusion

Whether it’s offering bill payments, airtime recharge, funds transfer or remittance services to customers, mobile money agents play a pivotal role in providing access to...

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B2B Marketplace TradeIndia Launches Loan Service for MSMEs
B2B Marketplace TradeIndia Launches Loan Service for MSMEs
July 10, 2022  |  B2B Payments

New Delhi-based B2B marketplace TradeIndia has rolled out TradeIndia Lending (TI Lending), a new loan service for micro-, small- and medium-sized enterprises (MSMEs), according to...

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Today in the Connected Economy: Volkswagen, Comdata Launch Fleet Management Card
Today in the Connected Economy: Volkswagen, Comdata Launch Fleet Management Card
July 08, 2022  |  Connected Economy

Today in the connected economy, Volkswagen partners with payment processor and fleet fuel card issuer Comdata to improve fleet management operations. Plus, digital, on-demand, convenience...

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Today in FinTech: Banking Circle to Add USDC; Tillable Expands Farm Loans
Today in FinTech: Banking Circle to Add USDC; Tillable Expands Farm Loans
July 08, 2022  |  Technology

In today’s FinTech news, Banking Circle is adopting USD Coin (USDC), while farming loan platform Tillable is growing its lending program. Plus, decentralized finance (DeFi)...

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Crypto Fundamentals: How Do Exchanges Make Money?
Crypto Fundamentals: How Do Exchanges Make Money?
July 07, 2022  |  Cryptocurrency

Welcome to the first in PYMNTS’ series on the fundamentals of the crypto industry. In it, we’ll be looking at how the market works and...

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