No one likes getting a check. No one. And we have the data to prove it. When ranked against all other possible methods of getting payments, the recently launched PYMNTS Disbursement Satisfaction Index™ ranks checks dead last, with a satisfaction score of 4.4 out of 100 possible points by the more...
How much of the U.S. population is financially vulnerable? That is, how many are walking the razor’s edge of solvency, and how many are on their second chance after a shock to their financial stability — such as job loss, work-related injury or a divorce...
According to reports in The Financial Times, SoFi explored the possibility of an $8 billion sale earlier this year — a process that went far enough that it held talks with San Francisco-based broker Schwab. Those sale discussions were brought on by a $6 billion offer...
“Trust me to give you sound [financial] advice,” Max Levchin, founder and CEO of Affirm, said at The Wall Street Journal’s WSJ D.Live technology conference in Laguna Beach. “That’s where we’re headed to next.” Levchin founded Affirm because, as he sees it, there is a...
Despite the fact that they are currently being hotly pursued by technologists, the Industrial Loan Charter (ILC) is not exactly a new idea. The concept – originally called a Morris loan – first appeared on the American financial services landscape in 1910, and has occupied a fairly small corner...
Last week, after five years of debates, discussions, arguments and waiting, the Consumer Financial Protection Bureau’s (CFPB) final rules for payday lending dropped. As one might expect after such a long and intense build-up, the reactions were also fairly intense from both sides. Perhaps less expected...
Access to capital is the first, last and constant problem that small businesses experience in the day-to-day course of doing business. Although they are often hailed as the backbone of the U.S. economy, SMBs have been struggling for the last two decades. Just a few weeks ago,...
Neither a borrower nor a lender be, the saying goes. Although in a perfect world that might be the way to live life, we live in a world far from that. Instead, we have many would-be borrowers and like-to-be lenders hamstrung to deliver the services...
It’s been a tough 12 months for online lending marketplace Prosper. The firm announced Friday that it has raised another $50 million in funding — but that that funding has come at the cost of a sharp devaluation for the once-unicorn status firm. At its...
