The Consumer Financial Protection Bureau (CFPB) wants to help Americans find new, better credit cards. The bureau announced Tuesday (Mar. 21) upgrades to its survey of credit card issuers to help consumers compare interest rates and other features when seeking new cards. “Given the rise in interest rates, the CFPB...
FinTech startup Koyo, which uses Open Banking to offer loans to underbanked U.K. borrowers, announced that it has raised $4.9 million in funding. The round, a mixture of debt and equity funding, was led by Forward Partners, with participation from Seedcamp, Christian Faes (founder and...
Interest rates on credit card balances in the U.K. are the highest they have been in 13 years, according to a report by the Financial Times. Lenders in the country have stopped giving their best low interest rate deals due to new regulations by the Financial...
Americans are carrying more debt than ever before and paying some of the highest credit card rates every recorded, according to new data. The national average annual percentage rate (APR) for credit card debt is 15.22 percent, according to CreditCards.com’s weekly Credit Card Rate Report....
September 13, 2023
The Connecticut Department of Banking has issued new industry guidance regarding the Small Loan Lending and Related Activities Act. These changes in the regulation are set to come into effect on Oct. 1, the regulator said in the document released Monday (Sept. 11). One of the key changes brought about by the new regulation is an increase in the […]
March 21, 2023
The Consumer Financial Protection Bureau (CFPB) wants to help Americans find new, better credit cards. The bureau announced Tuesday (Mar. 21) upgrades to its survey of credit card issuers to help consumers compare interest...
October 29, 2019
FinTech startup Koyo, which uses Open Banking to offer loans to underbanked U.K. borrowers, announced that it has raised $4.9 million in funding. The round, a mixture of debt and...
September 17, 2019
Interest rates on credit card balances in the U.K. are the highest they have been in 13 years, according to a report by the Financial Times. Lenders in the country have...
