loans

Betterment Launches Student Loan Management, Acquires Gradvisor

Betterment Launches Student Loan Management, Acquires Gradvisor
Betterment Launches Student Loan Management, Acquires Gradvisor
February 23, 2022  |  Acquisitions

Investment platform Betterment has launched a student loan management solution and acquired the partner and customer relations of Gradvisor, a college savings plan service. Get...

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CFPB Warns Student Loan Servicers About Public Service Forgiveness
CFPB Warns Student Loan Servicers About Public Service Forgiveness
February 18, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has issued a bulletin warning student loan servicers that they could face sanctions if they mislead borrowers about loan...

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Trax, Raistone Team on Invoice Payment Extensions
Trax, Raistone Team on Invoice Payment Extensions
February 18, 2022  |  Partnerships

Transportation spend management company Trax Technologies and FinTech Raistone Capital have teamed up to offer what the companies said will be “a joint solution designed...

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42% of Consumers Want FIs to Offer Automatic Data Transfer When They Open New Accounts
42% of Consumers Want FIs to Offer Automatic Data Transfer When They Open New Accounts
February 15, 2022  |  Consumer Finance

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Paytm Lending Unit Paying Off with Record Gains
Paytm Lending Unit Paying Off with Record Gains
February 14, 2022  |  Earnings

Digital payments service Paytm has been taking a hit lately, with negative buzz about sliding share prices and widening losses as it closed out 2021....

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UK Banks Get the First Taste of What AI Regulation May Look Like 
UK Banks Get the First Taste of What AI Regulation May Look Like 
February 14, 2022  |  artificial intelligence

Banks in the U.K. have been warned by financial regulators not to use artificial intelligence systems to approve loan applications unless they can prove that...

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Regulator: China Commercial Banks’ Bad Loan Ratio Drops
Regulator: China Commercial Banks’ Bad Loan Ratio Drops
February 11, 2022  |  International

The ratio of bad loans originated from China’s commercial banks fell 0.02 basis points to 1.73% at end of December compared to the percentage from...

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When Banks Say ‘No,’ Cash-Strapped Businesses Turn to Lending Marketplaces
When Banks Say ‘No,’ Cash-Strapped Businesses Turn to Lending Marketplaces
February 10, 2022  |  B2B Payments

As companies continue the never-ending work of making processes more efficient, today’s chief financial officers (CFOs) play a critical role in helping to determine where...

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Elevate Credit Ordered to Pay $3.3M for Predatory Lending Practices
Elevate Credit Ordered to Pay $3.3M for Predatory Lending Practices
February 10, 2022  |  Legal

Elevate Credit agreed to pay a minimum of $3.3 million for charging people interest rates above the 24% maximum allowed by Washington, D.C for loans...

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