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

CFPB Shuts Down LendUp’s New Loan Business, Fines FinTech

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  |  Cybersecurity

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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