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

Texas SEC Probes Gunmaker, Climate Change Policies Among Lenders

Texas SEC Probes Gunmaker, Climate Change Policies Among Lenders
Texas SEC Probes Gunmaker, Climate Change Policies Among Lenders
January 06, 2022  |  Legal

The Texas office of the Securities and Exchange Commission (SEC) will be conducting a probe into lenders’ disclosures and their policies on current issues like...

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PayPal: 2021 Was the Year of Reinvention
PayPal: 2021 Was the Year of Reinvention
January 05, 2022  |  Opinion

Last year brought the digital divide into sharp focus, Doug Bland, PayPal senior vice president, Global Credit and Financial Services tells PYMNTS, noting that businesses...

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LendingClub Reorganizes to Focus on ‘Everyday’ Americans
LendingClub Reorganizes to Focus on ‘Everyday’ Americans
January 04, 2022  |  Banking

LendingClub won’t be going forward with several business operations in 2022, including its yacht loan business, according to CEO Scott Sanborn. Get the Full Story...

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Rocket’s Truebill Acquisition Aimed at Getting Beyond ‘Episodic’ Mortgage Relationships
Rocket’s Truebill Acquisition Aimed at Getting Beyond ‘Episodic’ Mortgage Relationships
January 04, 2022  |  Loans

When the parent of Rocket Mortgage announced late last month it was spending roughly $1.3 billion in cash to purchase the personal finance site Truebill and...

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The Open Banking Opportunity at the Intersection of Data and Payments
The Open Banking Opportunity at the Intersection of Data and Payments
January 03, 2022  |  Digital Banking

Open banking may be seen as a buzzword in the banking and payment industries. Get the Full Story Complete the form to unlock this article...

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DeFi Lending Protocol Aave Takes Real World Assets As Collateral
DeFi Lending Protocol Aave Takes Real World Assets As Collateral
December 28, 2021  |  Loans

For all the talk of DeFi changing the financial world forever, the reality is that decentralized finance is largely a closed system. For the most...

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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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