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940Stifel Launches Lending Unit For Startups And Their Investors
Stifel Financial Corp. has announced the launch of a venture banking and lending business to provide debt capital financing and commercial banking...
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2.1KChinese P2P Lender Lufax Exits Business
One of China’s largest online wealth management platforms is leaving its peer-to-peer lending (P2P) business behind. Three sources have told Reuters that...
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3.2KGoldman, UK’s Lendable Strike £200M Deal
Goldman Sachs and personal loan startup Lendable from the U.K. have reached a £200m deal, in a sign of Goldman’s confidence in...
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1.2Kiwoca Integrates With Funding Options, Funding Xchange
U.K.-based iwoca is integrating its lending platform with marketplace lenders Funding Options and Funding Xchange to accelerate and further automate access to...
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1.8KJPMorgan CEO Jamie Dimon Calls US Student Lending A ‘Disgrace’
Months after he called out “irrational” student lending that has been impacting the economy through his annual letter, JPMorgan Chase CEO Jamie...
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2.6KFairFX Licensed To Enter Biz Lending Space
FairFX Group, through its subsidiary Spectrum Payment Services, announced that it has been licensed to provide credit facilities as a broker, allowing...
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1.6KP2P Lenders Look To New Regs To Purge Competitors
The U.K.’s peer-to-peer (P2P) lenders are hoping that tighter regulations by the Financial Conduct Authority (FCA) can help restore the sector’s damaged...
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1.1KIrish Mortgage Lender Must Pay €21M For Fleecing Interest Fees
Ireland’s central bank announced that it has fined a state-backed mortgage lender €21 million for overcharging its customers. The fine against Permanent...
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1.2KSoftBank Seeks Loan To Kick Back Cash To Investors
SoftBank’s Vision Fund is reportedly looking to borrow $4 billion in an effort to give some cash back to its investors. Sources...
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6.0KPayPal Hits $10B SMB Lending Milestone
Businesses of a certain size — and in industries as varied as construction and restaurants — know the pain of wondering if...
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2.3KTaxi Drivers Driven To Bankruptcy Over Medallion Loans
The New York City taxicab industry has been suffering, with a series of suicides plaguing taxi drivers over the past year as...
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2.1KBanks Tightened Real Estate, Credit Card Borrowing Standards In Q1
Standards on commercial real estate loans and credit card borrowing were tightened by U.S. banks during the first three months of the...
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2.5KCredit Card Losses Top Home, Auto Loans At US Banks
Credit card losses at the biggest banks are outpacing auto and home loans, with the biggest margin seen in the last 10...
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3.1KLendingClub Expands SMB Lending Footprint
LendingClub, Opportunity Fund and Funding Circle announced on Tuesday (April 23) a collaboration aimed at providing small businesses with more affordable credit....
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3.6KSMB Satisfaction With Alt Lenders Wanes
Might banks be making inroads into the hearts and minds of smaller firms as they seek out capital – as some SMBs cite...
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5.3KSquare Capital Expands SMB Loan Access To Third Parties
Invoice2go and Square Capital announced late last week they inked a partnership in which Invoice2go customers can access funding from within the...
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4.5KInflated Credit Scores Put Lenders At Risk
Goldman Sachs and Moody’s Analytics are warning that credit scores of consumers have been inflated during the past ten years, hiding the...
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5.4KSoLo Adds Mastercard Integration To P2P Lending Platform
SoLo Funds announced it has added a Mastercard integration so users can link their debit accounts to the peer-to-peer (P2P) lending platform....
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4.2KMillennials Tap POS Financing Amid Lack Of Credit Options
For the younger generation, for cash flow, look beyond four walls. In the latest staff report from the New York Federal Reserve, titled...
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3.7KZillow To Offer In-House Mortgages For Homebuyers
Online real estate company Zillow has announced it will offer home loans through a new division that lets mortgage seekers get funding...
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5.4KICBA Bancard Beefs Up Loan Approvals With FinTech Partnership
ICBA Bancard, the payments services subsidiary of the Independent Community Bankers of America (ICBA), announced a new partnership with MK Decision (MK)...
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3.0KUK Government Won’t Delay ‘Loan Charge’ Policy
Her Majesty’s Revenue and Customs (HMRC) has refused to delay a “loan charge” policy for tens of thousands of individuals in the...
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2.5KNew Global Standards Aim To Boost Green Lending
U.S. companies are far behind companies in Europe when it comes to issuing sustainability-linked loans, reported Reuters. According to a report in...
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3.2KChinese 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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3.3KChina’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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3.4KUS 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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3.3KBoA 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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5.7KCFPB: 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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8.2KChase 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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7.7KZillow 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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6.7KOnline 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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6.0KFinTech 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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6.8KShipping 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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4.8KStudent 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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3.5KOnward 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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3.9KBanks 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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3.2KLambda’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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4.3KFed, 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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4.9KEurozone 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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7.5KHas 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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5.2KRegs 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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6.2KLendUp 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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2.9KEight 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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2.8KChina 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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2.7KRising 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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6.5KBBVA, 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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7.2KConsumer 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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2.7KRazorpay 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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4.5KAuto 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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4.8KMortgage 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...
