loans

Report: Revolut Builds New Commercial Real Estate Lending Business Unit
Report: Revolut Builds New Commercial Real Estate Lending Business Unit
January 28, 2025  |  Real Estate

Revolut is reportedly entering the commercial real estate lending business. The United Kingdom-based FinTech appointed M&G Investments veteran Duncan Batty to build the new business...

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Bank Account Intelligence: The New Frontier in Credit Decisioning
Bank Account Intelligence: The New Frontier in Credit Decisioning
January 28, 2025  |  Authentication

A bank account represents a direct connection to a business or consumer’s daily financial life. It holds all manner of data points that give lenders...

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SoFi CEO: ‘We’re Not Just a Lender Anymore’
SoFi CEO: ‘We’re Not Just a Lender Anymore’
January 27, 2025  |  Earnings

SoFi Technologies’ drive toward cementing its financial services ecosystem status continues — with gains across consumer-focused lending and direct deposits. The data also showed notable...

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CFPB: Vehicle Repossessions Surpass Pre-Pandemic Levels
CFPB: Vehicle Repossessions Surpass Pre-Pandemic Levels
January 23, 2025  |  CFPB

Americans are struggling to keep the cars they’re driving, the Consumer Financial Protection Bureau found. A CFPB report, titled “Auto Repossession Trends and Consumer Impact,”...

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Method Raises $41.5 Million to Build Consumer-Permissioned Financial Connectivity
Method Raises $41.5 Million to Build Consumer-Permissioned Financial Connectivity
January 23, 2025  |  Investments

Method Financial has raised $41.5 million in a Series B funding round to continue building its solution for consumer-permissioned financial connectivity and expanding it to...

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Discover’s Card Charge-Offs Improve and Delinquencies Show Stability
Discover’s Card Charge-Offs Improve and Delinquencies Show Stability
January 23, 2025  |  Earnings

Discover Financial Services posted earnings results on Thursday morning (Jan. 23) that indicated improving credit quality metrics tied to its credit cards, as well as...

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UK’s FCA Proposes Removing Contactless Limit to Allow ‘Greater Flexibility’
UK’s FCA Proposes Removing Contactless Limit to Allow ‘Greater Flexibility’
January 22, 2025  |  Regulation

The U.K.’s Financial Conduct Authority may remove the 100-pound (about $123) contactless limit and “set new digital service standards” as part of its efforts to...

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JPMorgan COO Pinto: Private Credit Small Business Lending Needs Monitoring
JPMorgan COO Pinto: Private Credit Small Business Lending Needs Monitoring
January 22, 2025  |  SMBs

J.P. Morgan Chase President and Chief Operating Officer Daniel Pinto is calling for more focus on relationships between small businesses and private credit providers. Pinto...

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CFPB: Mortgage Servicers Must Send Periodic Statements to Homeowners
CFPB: Mortgage Servicers Must Send Periodic Statements to Homeowners
January 20, 2025  |  CFPB

The Consumer Financial Protection Bureau said Friday (Jan. 17) it is monitoring the market to ensure that mortgage servicers don’t attempt to evade federal consumer...

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