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Loans
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1.4KChinese P2P Lender Blames Gov’t For Growth Decline
Shanghai-based Dianrong, one of China’s largest peer-to-peer (P2P) lenders, is blaming the government for its recent problems, which includes shutting down 60...
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2.3KChina’s New Guidelines To Boost SMB Lending
The China Banking and Insurance Regulatory Commission (CBIRC) has released new guidelines aimed at getting banks to increase lending to small businesses....
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2.6KUS Fed Says Better Law Can Help Underserved Credit Areas
Federal Reserve Governor Lael Brainard said on Tuesday (March 12) that a more flexible look at banks through the lens of the...
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2.5KBoA Pledges $100M For Women’s Business Loans
Bank of America has pledged $100 million to the Tory Burch Foundation to make capital available to women in the business sector...
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4.3KCFPB: More Servicemembers Use VA Loans For First-Time Homebuying
The Consumer Financial Protection Bureau (CFPB) disclosed in a report on Friday (March 1) that there has been an increase in active...
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6.7KChase Throws Hat Into Installment Financing Ring
JPMorgan Chase, aiming to get a bigger piece of the point of sale financing market, announced Wednesday (Feb. 27) that it is...
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6.5KZillow All-In With Mortgage Origination
Zillow is focusing more on the mortgage market, making loans to buyers who use the company’s app. According to a report in...
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6.1KOnline Lender SoFi Debuts Two Free ETFs
Online lender Social Finance (SoFi) is launching two free exchange-traded funds (ETFs). Citing regulatory filings, Bloomberg reported that the funds — set...
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4.4KFinTech Firms Now 38 Pct Of Personal Loan Market
FinTechs, not traditional banks, appear to be preferred method of taking out unsecured personal loans in the U.S., with the market hitting...
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5.6KShipping Co XPO Refinances $1B After Amazon Pulls Biz
A global shipping company is reeling after Amazon apparently pulled business to focus on its own logistics, according to a report from...
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4.0KStudent Debt In ‘Serious Delinquency’ Grows
Student debt in arrears has hit record highs as measured by data gleaned from the Federal Reserve Bank of New York, Bloomberg...
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2.9KOnward Financial’s Employer-Backed Payday Loan Alternative
You know the story. Critics say that short-term, small-dollar loans push consumers into the hamster wheel of a never-ending debt cycle – one that...
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3.0KBanks Get Stricter On Loan Standards, Brace For Declines
The Federal Reserve revealed Monday (February 5) that an increasing number of banks have gotten stricter with the underwriting of some loans...
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2.4KLambda’s Student Loan Alternative
Student debt in America has grown to staggering proportions. By the end of 2018, 44 million Americans collectively held $1.5 trillion in...
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3.8KFed, OCC, FDIC: US Bank Loan Risk On The Decline
For big bank loans taken out before April of 2018, prospects of repayment are good, federal banking regulators said on Friday (Jan....
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4.4KEurozone Banks Expect Credit Standards On Business, Home Loans To Tighten
The European Central Bank warned Tuesday (January 22) that eurozone banks are planning on tightening credit standards when it comes to business...
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5.3KHas Microlending Lived Up To The Hype?
Microlending – or small loans (less than a few hundred dollars) – has become a popular, buzzed-about method of poverty relief over...
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4.7KRegs To Banks: Go Easy On Govt Workers
As Friday (Jan. 11) came and went and government workers affected by the 21-day shutdown didn’t receive paychecks, U.S. banking regulators asked...
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4.3KLendUp Credit Card Biz Becomes Stand-Alone Company
LendUp has announced it is scaling its credit card business as a stand-alone company, Mission Lane. The move was made possible through...
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2.3KEight UK Credit Unions Went Out Of Business In 2018
Largely hailed as safe alternatives to payday loan firms, credit unions in the U.K. are shuttering at the fastest tempo in years,...
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2.3KChina Institutes New Policy To Boost Small Firm Lending
Faced with a slowing economy and a trade dispute with the U.S., China’s central bank on Wednesday (Dec. 19) announced a new...
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2.3KRising Interest Rates Put Dent In Small Bank Deposits
Smaller banks around the country are feeling the pinch as rising interest rates keep earnings static on loans and customers want more...
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5.8KBBVA, Porsche Complete $170M Loan Via Blockchain
One of the largest banks in Spain, Banco Bilbao Vizcaya Argentaria (BBVA), has completed a $170 million (€150 million) loan with Porsche...
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5.6KConsumer Credit Originations Poised For More Growth In 2019
Thanks to low unemployment, growth in GDP and real disposable income, TransUnion forecasted that consumer credit originations and consumer balances will increase...
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2.1KRazorpay Announces New Lending Marketplace For Quick, Collateral-Free Loans
B2B payments startup Razorpay announced the launch of Razorpay Capital, a lending marketplace offering both short-term working capital loans and long-term business...
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3.8KAuto Sub-Prime Loans Reach Lowest Level In 11 Years
A new report has revealed that auto sub-prime loans have reached their lowest level in 11 years. According to Experian’s Q3 2018...
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4.3KMortgage Applications Rise 2 Pct As Home Loan Costs Fall
The Mortgage Bankers Association revealed that U.S. borrowers filed the most mortgage applications for both new purchases and refinancing in nearly two...
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4.0KSoFi CEO Says Fed Rate Hikes Not A Threat
Anthony Noto, CEO of the financial company SoFi, said this week that his company is preparing for a landscape with higher interest...
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4.3KRising Interest Rates And The Changing Mortgage Market
Climbing interest rates are taking their toll on the number of consumers in the market for new home mortgages. Mortgage applications for...
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5.7KStudent Loan Delinquencies Rise To 9.1 Pct In Q3
Student debt in serious delinquency — 90 or more days — rose to 9.1 percent in the third quarter from 8.6 percent...
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5.1KFDIC Seeks Public Comment On Banks And Small-Dollar Loans
The Federal Deposit Insurance Corporation (FDIC) announced that it is has issued a request for public comments related to small-dollar lending by...
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2.4KLoan Demand Shrinks In Argentina Post-Bailout
After a record $56 billion bailout — and interest rates that are now close to 70 percent — loans rates are down...
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5.5KWells Fargo Found More Customers Who Were Wrongly Foreclosed
Wells Fargo said Tuesday (Nov. 6) that an underwriting error internally prompted it to reject home loan modifications, which resulted in the...
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5.5KMoody’s Sees Improving Charge-Off Climate
Moody’s said in its latest reading of the “pulse of the consumer” that in viewing the charge-off rate, growth had slowed among...
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6.0KHSBC, Avant Team On Personal Loans
HSBC Holdings announced that it is teaming up with online lender Avant to offer unsecured loans to consumers. In the first half...
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3.3KOnDeck Launches ODX To Help Banks Lend To SMBs Online
OnDeck Capital has created a unit that will provide technology and services for banks lending to small businesses over the internet. Reuters,...
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4.2KNumber Of Chinese P2P Lenders To Drop Dramatically
The number of peer-to-peer lenders in China is projected to decline greatly to around 50 from more than 1,500 during the course...
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2.5KMortgage Rates Near 5 Percent For First Time In Several Years
Mortgage rates reached a high that hasn’t been seen in longer than seven years when they inched up close to 5 percent...
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6.4KGoldman Tightens Marcus Lending Reins
Goldman Sachs might be reining in its online lending platform due to concerns about the stage of the credit cycle and changes...
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3.3KDealers Changing Terms On New Car Financing
With interest rates rising, auto lenders are reigning in their 0 percent financing deals that have become the norm over the past...
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5.3KAvant Brings SaaS Lending Tech To Banks
Avant is best known among its financial services peers as a FinTech firm, founded to throw automation and an artificial intelligence (AI)-enhanced...
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3.9KFed Rate Hike Hits Consumer Confidence
Last week brought a confluence of economic headlines that are slated to hit the consumer right where it hurts: the wallet –...
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5.9KStripe Mulls Cash Advance Service For SMBs
Stripe, the digital payments startup, is reportedly testing a new cash advance service for its business customers. According to reports, the new...
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3.6KPublic Service Loan Forgiveness Program Accepts Few Applicants
To help manage their student loan debts, 28,000 borrowers have sent in 33,300 applications for the Public Service Loan Forgiveness (PSLF) program....
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5.7KChina’s X Financial Has A New US IPO And 400M P2P Leads
Peer-to-peer (P2P) lending in China is not for the faint of heart — and that’s putting it lightly. Banks offer credit limits...
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2.6KTurkey’s Central Bank Raises Rate Credit Card Lenders Can Charge
Turkey’s central bank announced effective in October it is raising the maximum interest rate credit card lenders can charge. According to a...
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4.2KCommunity Bank Lending To SMBs On The Upswing
New data shows that community banks lending to small businesses has increased in recent years. The U.S. Government Accountability Office (GAO) analyzed community bank...
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1.6KWonga Stops Taking New Loan Applications
Wonga, the U.K.-based payday lender, has halted accepting new loan applications. The Guardian, citing the company, reported that a statement on Wonga’s...
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2.8KUpgrade Is Upgrading The FinTech Lending Experience
When Renaud Laplanche launched hist latest lending start up, Upgrade, the venture was both quite similar to and yet quite different from...
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4.2KLaplanche’s Upgrade Raises $62M To Reinvent Consumer Credit
When Renaud Laplanche founded LendingClub 12 years ago in 2006, the lending landscape was a very different place. Most consumer and business...
