loans

Businesses May See Cost of Capital Relief as Fed Slashes Rates
Businesses May See Cost of Capital Relief as Fed Slashes Rates
September 18, 2024  |  Economy

The Federal Reserve cut interest rates by 0.5% Wednesday (Sept. 18), the first cut in four years. While stocks gyrated Wednesday and were down slightly...

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Digital Platforms Promise Real-Time Fix for Loan Market’s Fax Problem
Digital Platforms Promise Real-Time Fix for Loan Market’s Fax Problem
September 18, 2024  |  Loans

For every fragmented ecosystem, there’s a digital innovation being built and scaled to streamline it. The global syndicated loan market, a $7 trillion-plus industry where...

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Memo to Lenders: Go Digital or Go Home
Memo to Lenders: Go Digital or Go Home
September 17, 2024  |  Loans

The benefits of swapping analog, manual processes for digital ones are obvious. But that doesn’t mean they don’t bear repeating — especially against a backdrop...

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Report: Cherry Considers Offering Bonds Tied to BNPL for Cosmetic Surgery
Report: Cherry Considers Offering Bonds Tied to BNPL for Cosmetic Surgery
September 16, 2024  |  BNPL

Cherry is reportedly gauging investors’ interest in a potential bond tied to buy now, pay later (BNPL) loans for dental or medical aesthetic treatments like cosmetic...

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Santander Consumer Expands Small Business Offering to Car Dealers
Santander Consumer Expands Small Business Offering to Car Dealers
September 16, 2024  |  SMBs

Santander Consumer is expanding its small business offering to all auto dealers using its platform. The program lets small business owners and entrepreneurs finance vehicles...

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Car Payments Squeeze Consumers as Debt Mounts
Car Payments Squeeze Consumers as Debt Mounts
September 13, 2024  |  Debt

The money consumers saved during the pandemic has been spent. Savings are pressured, and credit card debt is mounting. When it comes to keeping current...

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Consumer Delinquency Rates Decline as Inflation Slows
Consumer Delinquency Rates Decline as Inflation Slows
September 13, 2024  |  Loans

More consumers are making their loan payments on time, aided by slower inflation and other trends. Late payments on loans have leveled off after increasing...

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CFPB Bars Navient From Federal Student Loan Business
CFPB Bars Navient From Federal Student Loan Business
September 12, 2024  |  Regulation

Navient is exiting the federal student loan business as a regulator prepares to fine it $120 million. The company, formerly known as Sallie Mae, was...

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Goldman Sachs CEO Says Exit From Credit Partnership No ‘Messier’ Than Expected
Goldman Sachs CEO Says Exit From Credit Partnership No ‘Messier’ Than Expected
September 11, 2024  |  Banking

Goldman Sachs CEO David Solomon reportedly said Wednesday (Sept. 11) that the bank’s exit from its credit partnership with General Motors is no “messier” than it expected....

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