loans

Apple Pay to Offer Access to Affirm BNPL Loans
Apple Pay to Offer Access to Affirm BNPL Loans
June 11, 2024  |  Buy Now Pay Later

Apple Pay users in the United States will be able to apply for buy now, pay later (BNPL) loans through Affirm during checkout. This is...

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SoundHound Pays Off $100 Million Debt After Lender Agreement 
SoundHound Pays Off $100 Million Debt After Lender Agreement 
June 10, 2024  |  artificial intelligence

SoundHound AI has reached an agreement to prepay its $100 million debt in full. The voice artificial intelligence (AI) firm announced that agreement with its lenders Monday (June...

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April Fed Report Shows Consumers Prioritize Credit Card Paydowns Over Spending, a Little
April Fed Report Shows Consumers Prioritize Credit Card Paydowns Over Spending, a Little
June 07, 2024  |  Credit Cards

Consumers are moving toward paying down at least some of what they owe on their credit cards. At least that was the case in April....

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Inter Focuses on Brazilian Migrants to Drive US Growth
Inter Focuses on Brazilian Migrants to Drive US Growth
June 05, 2024  |  Business

Brazilian online lender Inter&Co is expanding its efforts in the United States, with a focus on replicating its success in Brazil’s online banking sector. With a...

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Rapid Finance Debuts Updates to Fraud Detection Platform for SMB Loans
Rapid Finance Debuts Updates to Fraud Detection Platform for SMB Loans
June 04, 2024  |  SMBs

Small business banking platform Rapid Finance has introduced updates to its fraud detection platform Lynx. The platform now has a cloud-based rules engine that lets...

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Informed.IQ and Fuse Team on AI-Powered Fraud Prevention
Informed.IQ and Fuse Team on AI-Powered Fraud Prevention
June 04, 2024  |  Partnerships

Artificial intelligence verification software firm Informed.IQ teamed with loan origination system (LOS) Fuse. Via the partnership, the companies launched a solution that offers streamlined verifications...

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CFPB: Lenders Must Stop Hiding Unlawful Terms in Fine Print
CFPB: Lenders Must Stop Hiding Unlawful Terms in Fine Print
June 04, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) is warning businesses against hiding “unlawful or unenforceable terms” in contracts’ fine print. “Companies use this fine print tactic...

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SBA to Launch Working Capital Pilot Program
SBA to Launch Working Capital Pilot Program
June 04, 2024  |  Loans

The Small Business Administration (SBA) reportedly plans to launch a working capital pilot program that will include government-backed credit lines of up to $5 million....

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CFPB Sues PHEAA, Alleging Illegal Collections on Student Loans
CFPB Sues PHEAA, Alleging Illegal Collections on Student Loans
May 31, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has sued student loan servicer Pennsylvania Higher Education Assistance Agency (PHEAA), alleging that it collects on loans that borrowers...

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