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

FTC to Issue $152M in Checks to Additional Victims of AMG Services
FTC to Issue $152M in Checks to Additional Victims of AMG Services
May 19, 2022  |  Security & Fraud

The Federal Trade Commission announced Thursday (May 19) that it will mail 690,000 checks, amounting to over $152 million, to customers who were defrauded by...

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Lender Upstart Will Move Excess Loans From Balance Sheet
Lender Upstart Will Move Excess Loans From Balance Sheet
May 19, 2022  |  Personal Loans

FinTech lender Upstart said it will not keep loans on its balance sheet that financial institutions have no interest in purchasing. As The Wall Street...

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Deutsche Bank Backs MarketFinance’s Efforts to Lend $125M to UK SMBs
Deutsche Bank Backs MarketFinance’s Efforts to Lend $125M to UK SMBs
May 19, 2022  |  SMBs

London-based FinTech MarketFinance has raised debt from Deutsche Bank that will allow the company to fund part of a 100 million British pound (about $125...

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Personal Loan App Provider Ranking Delivers a Consistent User Experience
Personal Loan App Provider Ranking Delivers a Consistent User Experience
May 18, 2022  |  Mobile Applications

Like the payments to be made on a personal loan, the competitors in PYMNTS’ latest Provider Ranking of Personal Loan Apps are predictable and evenly...

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Today in B2B: TurnKey Lender, VoPay Partner on Digital Lending; TreviPay, Companynet Team on Trade Credit Program
Today in B2B: TurnKey Lender, VoPay Partner on Digital Lending; TreviPay, Companynet Team on Trade...
May 17, 2022  |  B2B Payments

Today in B2B payments, TurnKey Lender and VoPay collaborate to digitize lending, while TreviPay and Compaynet partner on trade credit. Plus, cryptocurrency treasury management platform...

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TurnKeyLender, VoPay, Team to Digitize Lending
TurnKeyLender, VoPay, Team to Digitize Lending
May 17, 2022  |  Loans

Canadian integrated payment technology company VoPay has launched a partnership with unified lending management company TurnKey Lender to provide lenders with fully digitized end-to-end process automation,...

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CFPB Mortgage Servicing Report Warns of Ongoing Homeowner Risks and Challenges
CFPB Mortgage Servicing Report Warns of Ongoing Homeowner Risks and Challenges
May 16, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) on Monday (May 16) published a report on mortgage services’ responses to the COVID-19 pandemic, saying homeowners “continue to...

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TechREG Weekly: Global Agencies Call for Stablecoin Regulation as Prices Collapse
TechREG Weekly: Global Agencies Call for Stablecoin Regulation as Prices Collapse
May 13, 2022  |  Regulation

The price drop in stablecoin TerraUSD and the collapse in its associated cryptocurrency LUNA has triggered a global call for stablecoin regulation. From the U.S....

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Upstart Signals Turbulence for AI-Driven Lending Models, and Lower FICO Score Borrowers
Upstart Signals Turbulence for AI-Driven Lending Models, and Lower FICO Score Borrowers
May 10, 2022  |  Loans

In this economy, staring down a possible recession, we’ll see if the disruptors to traditional lending wind up being disrupted themselves. At this writing, shares...

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