loans

CFPB Tries To Fend Off A Potential Foreclosure Crisis

CFPB Tries To Fend Off A Potential Foreclosure Crisis
CFPB Tries To Fend Off A Potential Foreclosure Crisis
April 20, 2021  |  Loans

The Consumer Financial Protection Bureau (CFPB) is taking a long hard look at mortgage servicers — and whether they’ve really been compliant with pandemic-era programs...

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Ally Financial Posts $796 Million Q1 Net Income
Ally Financial Posts $796 Million Q1 Net Income
April 16, 2021  |  Earnings

Ally Financial, a Detroit, Michigan-headquartered automotive financial services company, posted first-quarter 2021 results showing net income of $796 million, after reporting a loss in the...

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Short-Term SMB Funding, Done Digitally And Down Under 
Short-Term SMB Funding, Done Digitally And Down Under 
April 16, 2021  |  B2B Payments

In the land down under, faster payment rails and faster funding can help smaller firms manage cash flow more efficiently and capitalize on their growth...

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Camino Financial, Lendio Collaborate To Provide SMB Capital
Camino Financial, Lendio Collaborate To Provide SMB Capital
April 14, 2021  |  B2B Payments

In order to provide funding for small to medium-sized businesses (SMBs) for underserved communities, mission-driven financial technology firm Camino Financial has teamed with lending marketplace...

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Square To Launch Square Loans In Australia For SMEs
Square To Launch Square Loans In Australia For SMEs
April 14, 2021  |  Loans

Square plans to launch its lending product, Square Loans, in Australia. The offering assists small companies with expansion by providing them with easy and expedient...

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Wells Fargo Reports 20 Pct Rise In Consumer Debit Card Spend Amid Pandemic Recovery   
Wells Fargo Reports 20 Pct Rise In Consumer Debit Card Spend Amid Pandemic Recovery   
April 14, 2021  |  Earnings

Wells Fargo reported Wednesday (April 14) results that showed approximately 6 percent growth in credit card-based spending, with notable growth of approximately 20 percent in...

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Digital Bank Brings Special Treatment To Debt-Strapped Doctors
Digital Bank Brings Special Treatment To Debt-Strapped Doctors
April 13, 2021  |  Digital-First Banking

Physician, heal thyself — financially. Student debt in times of financial stress can be a crushing burden. That’s especially true for individuals who have chosen...

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GetVantage Offers India’s SMBs Revenue-Based Financing With A Twist
GetVantage Offers India’s SMBs Revenue-Based Financing With A Twist
April 13, 2021  |  SMBs

For small firms in India, particularly up-and-coming players in the digital space, getting access to funding is a painful process. Until recently, their access to...

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Fed Data Shows Big Banks’ Loan-to-Deposit Ratio At 36-Year Low
Fed Data Shows Big Banks’ Loan-to-Deposit Ratio At 36-Year Low
April 12, 2021  |  Banking

The Federal Reserve’s latest weekly survey showed that the 25 largest banks in the U.S. reduced their loan-to-deposit ratio to 53.9 percent, the lowest in...

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