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

Gemini Returning $2.1 Billion to Crypto Customers
Gemini Returning $2.1 Billion to Crypto Customers
May 29, 2024  |  Cryptocurrency

Fallen cryptocurrency lender Gemini is reportedly set to begin returning billions in frozen customer funds. The firm, owned by billionaire twin brothers Cameron and Tyler Winklevoss, announced...

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Wells Fargo CEO: Regulators Restricting Corporate Lending Business
Wells Fargo CEO: Regulators Restricting Corporate Lending Business
May 29, 2024  |  Banking

Wells Fargo CEO Charlie Scharf reportedly told investors Wednesday (May 29) that the bank could be doing more corporate lending and trading if regulators lifted the...

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M&T Bank Taps Rich Data Co for AI Decisioning Platform
M&T Bank Taps Rich Data Co for AI Decisioning Platform
May 27, 2024  |  Banking

Rich Data Co. (RDC) has taken another step in the global expansion of its artificial intelligence (AI) decisioning platform for business and commercial lenders. The...

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Cash Flow-Based Underwriting Adds Real-Time Context to FICO Score
Cash Flow-Based Underwriting Adds Real-Time Context to FICO Score
May 24, 2024  |  Loans

The FICO score — what we might think of as the general “shorthand” for lending — was created back in 1989. In the decades since,...

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Triver Deploys Experian Solutions to Accelerate Small Business Lending
Triver Deploys Experian Solutions to Accelerate Small Business Lending
May 20, 2024  |  SMBs

Triver, a provider of cash flow financing for small- to medium-sized businesses in the United Kingdom, deployed several Experian data solutions to accelerate onboarding and approvals. With...

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SoLo Funds ‘Blindsided’ by CFPB Lawsuit
SoLo Funds ‘Blindsided’ by CFPB Lawsuit
May 17, 2024  |  Regulation

The Consumer Financial Protection Bureau sued SoLo Funds, alleging that the online lending platform used “digital dark patterns” to illegally collect fees from borrowers. The lawsuit also alleged that SoLo Funds...

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Supreme Court Ruling on CFPB Paves Path for Open Banking
Supreme Court Ruling on CFPB Paves Path for Open Banking
May 16, 2024  |  CFPB

Reading the Thursday (May 16) Supreme Court ruling upholding the constitutionality of the Consumer Financial Protection Bureau’s funding mechanisms — and ensuring the agency’s survival — takes one through centuries of...

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VantageScore Unveils Credit-Scoring Model That Includes Alternative Open Banking Data
VantageScore Unveils Credit-Scoring Model That Includes Alternative Open Banking Data
May 15, 2024  |  Financial Inclusion

VantageScore unveiled a new credit-scoring model that uses both traditional credit data and alternative open banking data. The combination gives lenders a predictive lift of up...

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AP Automation and Virtual Cards Shine This Week in B2B
AP Automation and Virtual Cards Shine This Week in B2B
May 09, 2024  |  B2B Payments

The B2B landscape is responsible for around $125 trillion of annual money movement. And those B2B payments are working overtime in the background to power much...

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