loans

Lender Upstart Will Move Excess Loans From Balance Sheet

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. Get the Full Story...

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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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Subprime Loan Delinquencies Signal Trouble for Paycheck-to-Paycheck Economy
Subprime Loan Delinquencies Signal Trouble for Paycheck-to-Paycheck Economy
May 19, 2022  |  Economy

Where there’s smoke, there’s fire. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

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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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New EU Consumer Credit Rules May Be Approved by Summer
New EU Consumer Credit Rules May Be Approved by Summer
May 16, 2022  |  Regulation

A committee of the European Parliament will vote in June on the proposed Consumer Credit Directive (CCD) with a view to getting final approval in...

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EBA Warns About Non-Bank Lenders, Recommends Regulatory Changes 
EBA Warns About Non-Bank Lenders, Recommends Regulatory Changes 
May 12, 2022  |  Bank Regulation

The European Banking Authority (EBA) has warned that the largely unharmonized regulatory regimes across Europe regarding non-bank lending may create challenges for stakeholders, including regulators,...

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Payday Lenders Face Uphill Road To Invalidate CFPB’s Rules
Payday Lenders Face Uphill Road To Invalidate CFPB’s Rules
May 11, 2022  |  CFPB

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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. Get the Full Story...

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CFPB’s Opinion on Fair Lending Rules Could Extend to AI
CFPB’s Opinion on Fair Lending Rules Could Extend to AI
May 10, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has published an advisory opinion to affirm that banks and other lenders need to follow fair lending laws when...

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