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Australia Mulls Regulating BNPL Like Credit Cards

Australia Mulls Regulating BNPL Like Credit Cards
Australia Mulls Regulating BNPL Like Credit Cards
November 20, 2022  |  BNPL

As countries around the world look to regulate the buy now, pay later (BNPL) sector, Australia is considering rules that would treat the industry the...

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Chase Expands Special Purpose Credit Program for Small Businesses
Chase Expands Special Purpose Credit Program for Small Businesses
November 18, 2022  |  Banking

Aiming to expand credit access to businesses in historically underserved areas, Chase has announced the nationwide rollout of its Special Purpose Credit Program (SPCP). Get...

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SMBs Hungry for New Sources of Credit to Help Fund Their Dreams and Needs
SMBs Hungry for New Sources of Credit to Help Fund Their Dreams and Needs
November 18, 2022  |  SMBs

Working capital remains elusive for small- to medium-sized businesses (SMBs). The risks taken by entrepreneurs with a product and a dream can be staggering, and...

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SBF’s ‘Big Dumb Game’ Leaves ‘Worse than Enron’ Cleanup For CEO
SBF’s ‘Big Dumb Game’ Leaves ‘Worse than Enron’ Cleanup For CEO
November 17, 2022  |  Cryptocurrency

By most accounts, Sam Bankman-Fried (SBF), the ex-CEO of what only weeks ago was the third largest crypto exchange in the world, has precipitated a...

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40% of Paycheck-to-Paycheck Consumers Will Use Financing to Make Holiday Happen
40% of Paycheck-to-Paycheck Consumers Will Use Financing to Make Holiday Happen
November 17, 2022  |  Consumer Finance

With 15 million consumers — close to 6% of the United States population — sitting out holiday gift buying this year, roughly 40% will use...

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Report: Ant Group’s Consumer Finance Unit Plans to Raise $1.5B
Report: Ant Group’s Consumer Finance Unit Plans to Raise $1.5B
November 14, 2022  |  Investments

Chongqing Ant Consumer Finance — the consumer finance unit of China-based Ant Group — is reportedly planning to raise the equivalent of $1.5 billion in...

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Report: FTX Used Customer Funds to Prop up Alameda Research
Report: FTX Used Customer Funds to Prop up Alameda Research
November 10, 2022  |  Cryptocurrency

In a bid to prop up his trading firm Alameda Research, Sam Bankman-Fried reportedly loaned the firm billions of dollars from his FTX platform, including...

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UK Borrowers Due Millions as Lenders Fail to Meet FCA Expectations
UK Borrowers Due Millions as Lenders Fail to Meet FCA Expectations
November 09, 2022  |  Loans

When the COVID-19 pandemic struck in 2020, the U.K.’s Financial Conduct Authority (FCA) asked the country’s lenders to offer payment deferrals as a means of...

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Upstart Plunges as Rising Interest Rates Crush Loan Demand
Upstart Plunges as Rising Interest Rates Crush Loan Demand
November 09, 2022  |  Loans

Shares of AI-lending platform Upstart plunged more than 20% Tuesday (Nov 8) evening after the company said rising interest rates and a slowing economy saw...

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