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

PayCargo Capital, Evolve Bank & Trust Offer Funding to Freight Forwarders, Cargo Owners
PayCargo Capital, Evolve Bank & Trust Offer Funding to Freight Forwarders, Cargo Owners
December 22, 2021  |  Transportation

PayCargo Capital has partnered on lending with FinTech Evolve Bank and Trust to allow freight forwarders and cargo owners to apply for and get credit...

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CFPB Shuts Down LendUp’s New Loan Business, Fines FinTech
CFPB Shuts Down LendUp’s New Loan Business, Fines FinTech
December 21, 2021  |  CFPB

The Consumer Finance Protection Bureau (CFPB) has said LendUp Loans has to pay a $100,000 penalty, stop issuing loans and stop collecting some outstanding ones...

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Ex-Olympian Allison Baver Accused of $10M in PPP Fraud
Ex-Olympian Allison Baver Accused of $10M in PPP Fraud
December 17, 2021  |  Security & Fraud

Federal prosecutors say that a former Olympic speed skater fraudulently obtained $10 million in COVID relief funds, using some of that money to finance a...

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Student Loan Payment ‘Restart’ Adds Pressure for Paycheck-to-Paycheck Consumers 
Student Loan Payment ‘Restart’ Adds Pressure for Paycheck-to-Paycheck Consumers 
December 17, 2021  |  Loans

February 2022 looms as a red-letter month for individuals and consumers with student loans – and, by extension, signals pressure for paycheck-to-paycheck consumers. Get the...

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Today’s CFO Uses Data and Experience to Shape Digital Transformation
Today’s CFO Uses Data and Experience to Shape Digital Transformation
December 17, 2021  |  CFO

As the first public neobank in the U.S., LendingClub has well-positioned itself to meet consumers’ needs as they rely more and more on digital channels...

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PYMNTS DeFi Series: What is Yield Farming and Liquidity Mining?
PYMNTS DeFi Series: What is Yield Farming and Liquidity Mining?
December 14, 2021  |  Blockchain

Welcome to the fourth of PYMNTS’ eight-part series on decentralized finance (DeFi). Get the Full Story Complete the form to unlock this article and enjoy...

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Deep Dive: How CUs Can Leverage Personalized Service To Capture Business Banking Opportunities
Deep Dive: How CUs Can Leverage Personalized Service To Capture Business Banking Opportunities
December 13, 2021  |  Credit Unions

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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Car Loans Marketplace Advances Automotive Commerce Across Africa
Car Loans Marketplace Advances Automotive Commerce Across Africa
December 08, 2021  |  Loans

Leading auto loan services platform Autochek Africa has announced the launch of a dedicated brand-new cars section on its website and mobile app, allowing customers in...

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Demand for Lending Automation Accelerates as Financial Institutions Digitize
Demand for Lending Automation Accelerates as Financial Institutions Digitize
December 07, 2021  |  B2B Payments

“I’ve been doing FinTech for about 20 years now and, you know, everything we’ve been talking about since 20 years ago is kind of all...

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