loans

Nubank Defends Lending Practices as Late Payments Jump
Nubank Defends Lending Practices as Late Payments Jump
September 05, 2024  |  Loans

Lending practices at Brazil’s Nubank reportedly have Wall Street analysts uneasy. As Bloomberg News reported Thursday (Sept. 5), the lender — Latin America’s largest — is enjoying rapid growth,...

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CFPB Says Debt Collectors Try to Collect on Already-Paid Medical Bills
CFPB Says Debt Collectors Try to Collect on Already-Paid Medical Bills
September 05, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has found that debt collectors are using illegal tactics, and it is taking steps to ensure they follow consumer financial...

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Ex-Wirecard CEO Ordered to Pay $155 Million Over Unpaid Loans
Ex-Wirecard CEO Ordered to Pay $155 Million Over Unpaid Loans
September 05, 2024  |  Legal

Former Wirecard CEO Markus Braun’s legal troubles are reportedly worsening. A judge ordered Braun and two other executives from the defunct German payments company to...

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Construction Spending Dips 0.3% in July Amid High Mortgage Rates
Construction Spending Dips 0.3% in July Amid High Mortgage Rates
September 03, 2024  |  Economy

Construction spending decreased by 0.3% in July after remaining unchanged in June. Spending totaled $2.163 billion in July, down from the revised June estimate of...

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Elepay Debuts 180-Day Pay-Later Offering for Property Owners
Elepay Debuts 180-Day Pay-Later Offering for Property Owners
September 03, 2024  |  Loans

Australian lender Elepay has introduced its latest pay-later solution for property owners. The Brisbane-based company’s 180-day offering, announced in a news release Tuesday (Sept. 3), is designed to allow...

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Citigroup Aims to Double Commercial Banking Revenue by Targeting Small Businesses
Citigroup Aims to Double Commercial Banking Revenue by Targeting Small Businesses
August 28, 2024  |  SMBs

Citigroup is reportedly looking to increase its revenue by adding smaller clients. Traditionally known for serving only the largest clients, the bank has expanded its...

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Sezzle Teams With Liberis on Small Business Funding Program
Sezzle Teams With Liberis on Small Business Funding Program
August 28, 2024  |  SMBs

Buy now, pay later (BNPL) firm Sezzle and embedded finance platform Liberis teamed to help American small businesses get funded. The partnership is centered around...

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The Farm to Finance Revolution: How AI Is Transforming Agriculture
The Farm to Finance Revolution: How AI Is Transforming Agriculture
August 28, 2024  |  Artificial Intelligence

Technology has long had a profound impact on farming practices. With the advent of artificial intelligence, the growing intersection of AgTech, finance and robotics is...

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CFPB’s Small Business Lending Data Collection Rule Leaps Legal Hurdle
CFPB’s Small Business Lending Data Collection Rule Leaps Legal Hurdle
August 26, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) rule requiring lenders to gather demographic information about small business borrowers has leapt another legal hurdle.  A federal judge rejected...

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