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Loans
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1.8KGoldman Sachs Provides $100M Loan To Konfio
Goldman Sachs Group is giving a $100 million loan to Konfio, marking the first time the lender’s structured finance, investment and lending...
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3.1KStripe Gets Into Lending
Stripe announced Thursday (Sept. 5) the launch of Stripe Capital to simplify the way internet companies can access funds. It remains difficult...
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3.1KXiaomi To Roll Out Consumer Lending In India
With an ambitious play into a booming financial services space that presents challenges that include fierce competition, China’s Xiaomi is reportedly gearing...
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1.8KBarclays Launches £100K SME Loans
Barclays is now offering £100,000 unsecured lending for SMEs on its app and online banking platform. A recent survey by Barclays found...
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1.6KNear-Record Low Rates Trigger Refi Wave Among US Homeowners
U.S. mortgage refinancing is on the uptick as fears about fluctuating global markets cause a drop in interest rates, the Financial Times...
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4.0KCiti Pilots Credit Card Installment Loans Down Under
Citi Australia wants in on the burgeoning buy now, pay later market and is launching a new installment loan product with Kogan...
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2.8KNegative Interest Rates And Negative Ripple Effects
Please take out a loan. Stimulate the economy. We’ll pay you to do it. News came this week that Jysek Bank, a...
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1.7KLendingClub Broadens Access To Credit With Select Plus Platform
To broaden access to responsible credit with additional models, LendingClub has announced the rollout of its Select Plus Platform. The offering opens...
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1.5KFed Survey: Loan Standards Ease For Smaller Firms
A survey of bank officers published on Monday (Aug. 5) showed loan standards on commercial and industrial loans to both large and...
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3.8KChase Terminates OnDeck SMB Loan Collaboration
Following its disclosure that JPMorgan Chase would no longer originate new small business loans through OnDeck’s platform hosting Chase Business Quick Capital,...
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4.8KCA Proposes Lending Regs To Protect SMB Borrowers
Proposed regulations would give small businesses in California the nation’s most extensive set of truth-in-lending protections for small business borrowers. The new...
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4.2KJack Ma’s Digital Bank Offers Three-Minute Loans To SMBs
Jack Ma’s MYbank is aiming to change the way China lends to small businesses. The 4-year-old bank uses real-time payments data and...
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2.1KStifel 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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3.0KChinese 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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4.3KGoldman, 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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1.7Kiwoca 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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2.1KJPMorgan 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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3.2KFairFX 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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2.0KP2P 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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1.2KIrish 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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1.3KSoftBank 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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6.5KPayPal 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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2.6KTaxi 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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2.3KBanks 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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2.8KCredit 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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3.4KLendingClub 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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3.8KSMB 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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5.7KSquare 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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4.7KInflated 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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5.6KSoLo 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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4.8KMillennials 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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4.0KZillow 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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5.5KICBA 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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3.1KUK 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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2.7KNew 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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3.4KChinese 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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3.5KChina’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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3.5KUS 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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3.4KBoA 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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5.9KCFPB: 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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8.6KChase 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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7.9KZillow 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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6.9KOnline 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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6.4KFinTech 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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7.0KShipping 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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5.1KStudent 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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3.9KOnward 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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4.1KBanks 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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3.4KLambda’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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4.5KFed, 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....
