loans

New EU Consumer Credit Rules May Be Approved by Summer

New EU Consumer Credit Rules May Be Approved by Summer
New EU Consumer Credit Rules May Be Approved by Summer
May 16, 2022  |  Legal & 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...

READ MORE >
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,...

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

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

READ MORE >
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...

READ MORE >
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...

READ MORE >
Millennial Minute: Sharing Data Digitally Not a Hangup for 80% of Millennials Opening New Accounts
Millennial Minute: Sharing Data Digitally Not a Hangup for 80% of Millennials Opening New Accounts
May 09, 2022  |  Data & Research

The pandemic has pushed the digital shift forward by three to five years minimum, and that’s made it easier — and more attractive — for...

READ MORE >
Robinhood to Let Users Lend Against Stock
Robinhood to Let Users Lend Against Stock
May 04, 2022  |  Loans

Stock brokerage app Robinhood has launched a stock lending feature that lets its users lend out their fully paid stocks to borrowers recruited by the...

READ MORE >
Today in FinTech: Dubai Launches Fund to Help Startups; Goldman Sachs Issues Bitcoin-Backed Loan
Today in FinTech: Dubai Launches Fund to Help Startups; Goldman Sachs Issues Bitcoin-Backed Loan
April 29, 2022  |  Technology

In today’s FinTech news, Dubai is upping its game on becoming a serious digital player by ponying up $100.7 million in venture capital funding to...

READ MORE >