The U.K. government’s bank referral scheme, designed to connect small businesses that were rejected for a traditional bank loan to alternative lenders, has faced its latest round of criticism as new figures reveal low adoption of the program. The Times reported this week that fewer...
Climbing interest rates are taking their toll on the number of consumers in the market for new home mortgages. Mortgage applications for new homes are down 25 percent year over year. They’re also taking their toll on the non-bank mortgage lenders that proliferated in the good...
Short-term lending – specifically, payday loans – have attracted a lot of attention in recent years, from the media and from the regulators. A little more than a year ago, the CFPB (now also known as the BCFP) dropped its final version of its new...
Consumers can pay in real time, Lisa McFarland, EVP and Chief Product Officer for Ingo Money - but when it is time for consumers to get paid by a lender or insurance company? Customers can still expect to see a check more often than they...
October 08, 2019
According to the Bureau of Labor statistics, as of 2018 (the last full year for which data is available), there were 28.2 million foreign-born persons in the U.S. labor force – representing roughly 17 percent of the total number. Foreign workers in the U.S. come from all over the world, though Latin America and Asia are the […]
November 30, 2015
Big banks are increasingly giving up their SMB loan market to alternative lenders who charge a remarkably high loan interest rate. In 2014, the 10 largest banks lent $44.7 billion in SMB loans, a 38 percent decline from its $72.5 billion peak attained in 2006, a Wall Street Journal report found. The change in banks’ attitudes towards SMB […]
