Social Finance — the online lender better known as SoFi — will be laying off dozens of workers in its mortgage division, despite the fact that the home loans department was one that the firm was holding up as a potential generator for future growth....
When Bank of America announced last week that it was terminating its free checking option for low-balance customers, a literal Tweet storm broke out. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Small businesses face a mountain of financial challenges in the U.K., from late payments from their large corporate clients to a lack of access to easy, affordable financing. In an attempt to address many of these concerns, regulators have stepped in with initiatives, such as...
Very few consumers review the mortgage application process as a high water mark in their lives. 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...
Victory Park Capital — a Chicago-based investment firm — is a key player in the alternative financial services movement, providing debt capital for a string of familiar names in online lending. Avant, Elevate and LendUp, for example, are among the digital lenders that have worked...
Scott Tucker’s pre-sentencing “apology” will not likely be remembered as one of history’s greatest all-time allocutions of contrition. 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...
Financial services for the cannabis industry have been a complicated issue for the 20 years that there has been a legal – or at least quasi-legal – cannabis industry in the United States. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
A change in how potential mortgage borrowers are assessed may be on the horizon. Soon, FICO may not be the only game in town. The Federal Housing Finance Agency (FHFA) — the federal body that stands behind the guarantors of most American mortgages, Fannie Mae...
2017 was a tough year for some of the biggest names in alternative financial services in the U.S. – Prosper, OnDeck and LendingClub, in particular. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
