Enova saw its charge-offs increase during the fourth quarter but remain below those it saw before the pandemic. Compared to the same quarter a year earlier, the online lender’s charge-offs increased by 0.9 percentage point during the fourth quarter, Enova said in a Tuesday (Jan. 30) earnings...
The Consumer Financial Protection Bureau (CFPB) has ordered online lender Enova International to pay a $15 million penalty, banned it from offering certain consumer loans and required it to tie executive compensation to its compliance with federal consumer financial protection laws. The penalty comes after...
As banking relationships evolve, bank offerings are transforming alongside them. This, as Rohit Mathur, head of Bridge built by Citi, tells PYMNTS CEO Karen Webster that the needs of small and medium-sized businesses (SMBs) have never been greater than they are today. “There’s not many out...
Digitization of small- to medium-sized business (SMB) banking is a double-edged sword. Sandip Nayak, chief AI and insights officer at Amount, told PYMNTS that financial services modernization could deliver any number of positives. Digitization not only improves customer experiences, which drives retention, but it also...
July 11, 2022
Digitization of small- to medium-sized business (SMB) banking is a double-edged sword. Sandip Nayak, chief AI and insights officer at Amount, told PYMNTS that financial services modernization could deliver any number of positives. Digitization not only improves customer experiences, which drives retention, but it also improves organization processes, reducing costs and increasing efficiencies. At the […]
May 09, 2018
Exactly two weeks ago today (April 25), LendingClub‘s stock hit an all-time low with the announcement of an FTC-backed lawsuit alleging that it loading up its borrowers with hidden fees...
January 23, 2018
Very few consumers review the mortgage application process as a high water mark in their lives. Finding that perfect home can be fun and exciting – but for the majority...
December 12, 2017
Fresh off a $200 million funding round, Affirm's CEO Max Levchin cautions PYMNTS' Karen Webster against thinking the money is simply a validation for the company -- and he says...
April 23, 2024
Online lender Enova International reported growing lending volume and solid credit performance for the first quarter. During the quarter ended March 31, Enova’s combined loans and finance receivables increased 23% year over year, reaching a record $3.5 billion. Total company originations for the quarter totaled $1.4 billion, according to the press release. Small and medium-sized business (SMB) products […]
January 30, 2024
Enova saw its charge-offs increase during the fourth quarter but remain below those it saw before the pandemic. Compared to the same quarter a year earlier, the online lender’s charge-offs increased...
November 15, 2023
The Consumer Financial Protection Bureau (CFPB) has ordered online lender Enova International to pay a $15 million penalty, banned it from offering certain consumer loans and required it to tie...
February 14, 2022
Digital payments service Paytm has been taking a hit lately, with negative buzz about sliding share prices and widening losses as it closed out 2021. But January is showing a...
