“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.” Get the Full Story Complete the form to unlock this article...
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. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
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. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
It’s been a tough 12 months for online lending marketplace Prosper. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing...
The final payday lending rules are coming, but reporting by The Wall Street Journal over the weekend suggests that they may not take quite the toll on the lending industry as once thought. The Consumer Financial Protection Bureau (CFPB), it seems, is considering proposals that would scale back the rule’s scope....
With an early string of alternative lenders having a tough go of it, startups looking to raise money are having to show how they will avoid the woes of the online lenders before them. Get the Full Story Complete the form to unlock this article...
Just about two years ago, Ant Financial announced it was launching its own consumer credit scoring model: Sesame Credit. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...
