The nonprofit Opportunity Fund — which makes loans to small businesses owned by low- and moderate-income immigrants, women and other underserved clientele — started 2020 fairly optimistically. The organization expected to make close to $10 million in loans every month, serving 3,000 to 4,000 small-...
Wells Fargo’s first-quarter results showed the impact of reduced customer spending amid the continued impact of the coronavirus, and reserves taken in anticipation of loan losses. Earnings per share were a penny, where the Street had expected 38 cents. The bank’s net income came in...
Discover Financial Services posted third-quarter results that topped expectations on the heels of loan growth and payments volume. In terms of headline numbers, earnings of $2.36 were better than the Street expectation by nine cents. Total net revenues were up 6 percent year over year...
Twelve years ago, LendingClub Founder Renaud Laplanche built a business to help consumers manage the $800 million in outstanding credit card debt. That product was an unsecured personal loan that consolidated the debt into a lower interest option with fixed monthly payments. Today (Oct. 10),...
October 10, 2019
Twelve years ago, LendingClub Founder Renaud Laplanche built a business to help consumers manage the $800 million in outstanding credit card debt. That product was an unsecured personal loan that consolidated the debt into a lower interest option with fixed monthly payments. Today (Oct. 10), with the launch of the Upgrade Card (issued by Upgrade, […]
May 29, 2019
Income sharing is not a common method of financing as of 2019 — though, as of late, it has begun to get much more interest from investors and innovators, particularly...
July 25, 2024
Swivel is now enabling its credit union and community bank clients to accept loan payments through Apple Pay. The FinTech has integrated its transaction enablement solutions with Apple Pay, Swivel said in a Thursday (July 25) press release. One special feature of Swivel’s integration with Apple Pay is that it automatically filters the cards loaded within a consumer’s […]
October 23, 2019
Discover Financial Services posted third-quarter results that topped expectations on the heels of loan growth and payments volume. In terms of headline numbers, earnings of $2.36 were better than the...
September 30, 2019
New data released by Zillow reveals that medical debt and student loans are two of the biggest obstacles facing aspiring home buyers. The 4th annual Zillow Group Report on Consumer...
May 31, 2019
The leader of a student loan debt relief scheme has agreed to settle with the Federal Trade Commission’s (FTC’s) charges that he stole $11 million from consumers. According to the...
