The Federal Reserve revealed in its quarterly survey on Monday (Feb. 5) that loan officers in banks around the U.S. eased lending standards for businesses but tightened lending standards when it came to commercial real estate loans. According to news from Reuters, the loan officers that...
Goldman Sachs has taken another step to boost its presence in the consumer lending market by marketing home improvement loans to its customers. According to American Banker, the New York investment bank also recently raised the maximum loan size from $30,000 to $40,000. Last October,...
Ant Financial Services Group (which offers Alipay) said on Monday (Jan. 15) that it has garnered approval in China to issue consumer credit backed securities to institutional investors. Reuters reported that the company, which is the financial affiliate of Alibaba, is pricing the securities, and...
JPMorgan Chase announced Thursday (Jan. 11) that it inked a partnership with AutoFi, the FinTech auto lending company. In a press release, Chase said that AutoFi enables customers to choose and finance automobiles through their website, allowing them to complete the purchase process faster. According...
Firms that lend money to mid-sized businesses in the U.S. are growing worried about the levels of debt these companies have compared to a year ago. Citing a survey by Carl Marks Advisors, Reuters reported that lenders who offered attractive terms to mid-sized business borrowers...
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 that even tougher, bigger challenges lie ahead. Here's his take on how the stage is being...
With the nation collectively owing $1.3 trillion in student loan debt and countless graduates struggling to pay back their student loans, one Ivy League school, Brown University, is getting rid of it. According to a report in Quartz, starting in the next school year Brown...
Curo Group, one of the largest payday lenders in the U.S., went public on the stock market with a valuation of $620 million. According to a report in the Financial Times, the lender – which goes after underbanked consumers or those who aren’t represented by...
Home buyers are facing a new challenge in finding mid-priced houses to purchase: Cash buyers who swoop in and snatch up all the properties. According to a report in The Wall Street Journal, while mortgage lending is finally rebounding after the housing crash of a few...
