The resumption of student loan payments has challenged borrowers in more ways than one. As reported here, the return of loan payments following their COVID-fueled hiatus has placed added pressure on paycheck-to-paycheck consumers. But as CNBC reported Friday (Oct. 13), borrowers have also described getting...
Technology broadened the lending landscape, making it easier for previously underserved populations to receive money with a speediness that would be otherwise unimaginable were it not for digital channels of disbursement. But in a market where default rates are high, there may be indications that...
The surge in interest rates has resulted in record-high loan payments for consumers who have borrowed money to purchase new cars. With one in five borrowers owing at least $1,000 a month, the combination of surging interest rates and costly inventory has made vehicles less...
The White House canceled $9 billion in debt for 125,000 student loan borrowers. The debt relief comes as student loan payments restart for Americans following a three-year hiatus that began during the pandemic. The relief falls into three categories, according to a Wednesday (Oct. 4)...
Leveraged loans were a popular method of financing during the pandemic. Now, with interest rates set to stay high, they’ve turned into a major headache, The Wall Street Journal reported Wednesday (Sept. 27). According to that report — which cites the ratings firm Fitch — close...
Document automation firm Ocrolus has debuted Instant, its automated document processor. Instant, announced Wednesday (Sept. 20), is an artificial intelligence (AI)-powered service that lets lenders analyze bank statements and other financial documents for faster lending decisions while reducing risk. “Ocrolus has analyzed hundreds of millions of pages...
Are corporate borrowers resigned to higher interest rates? Wells Fargo thinks so. In an interview with Bloomberg Television on Friday (Sept. 15), Maureen O’Connor, global head of high-grade debt syndicate at the bank, said companies are seeing a desire for new bond sales in investment-grade and high-yield debt...
The freeze on federal student loan payments since March 2020 has allowed millions of individuals to allocate their money toward other needs. But as the October deadline for the resumption of payments looms, borrowers are increasingly concerned about the impact it will have on their...
Higher education has come a long way from its ivy-covered image of the past. Universities have had to become digitally nimble to keep up with both students’ changing habits and life-changing world events. The pandemic not only required a massive shift to remote learning but...
