loans

Report: Taxpayers Face $400B Hit On Bad Student Loans

Report: Taxpayers Face $400B Hit On Bad Student Loans
Report: Taxpayers Face $400B Hit On Bad Student Loans
November 22, 2020  |  Economy

U.S. taxpayers stand to absorb a hit of about $435 billion from borrowers’ failure to repay student loans currently on the federal government’s book, the...

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Mnuchin Pledges More Stimulus Talks For SMB Relief
Mnuchin Pledges More Stimulus Talks For SMB Relief
November 20, 2020  |  SMBs

After coming under fire for ending key pandemic lending programs, Treasury Secretary Steven Mnuchin on Friday (Nov. 20) pledged to work with top GOP lawmakers...

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What Will Ant Group Look Like A Year From Now?
What Will Ant Group Look Like A Year From Now?
November 20, 2020  |  Regulation

What’s next for Ant Group – and by extension, Jack Ma?  Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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US Consumers Pay Down $10B In Credit Card Debt In Q3
US Consumers Pay Down $10B In Credit Card Debt In Q3
November 18, 2020  |  Debt

Americans paid off $10 billion in credit card debt in the third quarter (Q3) of 2020, but borrowed more for car and housing loans, according...

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Bank-FinTech Collaboration Tackles SMB Finance Friction
Bank-FinTech Collaboration Tackles SMB Finance Friction
November 17, 2020  |  B2B Payments

Bank-FinTech collaboration continues to thrive as more financial service providers place small- to medium-sized businesses (SMBs) front-and-center of product development. Get the Full Story Complete...

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Car-Sharing Platform Getaround Secures $25M Loan 
Car-Sharing Platform Getaround Secures $25M Loan 
November 13, 2020  |  Loans

Peer-to-peer car-sharing platform Getaround Inc. has secured a $25 million venture loan facility from Horizon Technology Finance Corp., a specialty finance company that provides secured loans...

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Consumers’ Preference For Online Car Sales And Auto Loans Shakes Up Banks And Dealers
Consumers’ Preference For Online Car Sales And Auto Loans Shakes Up Banks And Dealers
November 13, 2020  |  Retail

Given that 90 percent of new car purchases and half of used car purchases are financed, it’s no surprise that the lifestyle changes and digital...

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Digital Shopping, Remittances, Mastercard’s FinTech Accelerator Top This Week’s News
Digital Shopping, Remittances, Mastercard’s FinTech Accelerator Top This Week’s News
November 13, 2020  |  The Weekender

The PYMNTS Weekender is here to catch you up on the latest news at the end of another busy work week. We have deep dives...

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People Keep Saving Despite Low Interest Rates
People Keep Saving Despite Low Interest Rates
November 13, 2020  |  Banking

Interest rates on deposit accounts are hovering at near zero percent due to the COVID-19 pandemic, but that hasn’t stopped people from socking money away....

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