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Loans
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LoansCar-Sharing Platform Getaround Secures $25M Loan
Peer-to-peer car-sharing platform Getaround Inc. has secured a $25 million venture loan facility from...
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LoansJPMorgan, Other Top Banks Brace For Defaults Amid Troubled Loans
The number of troubled loans sitting on the books of the top U.S. banks...
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LoansEuropean Banks Warned Loan Defaults Could Skyrocket Amid New Pandemic...
The chair of a new European banking authority is warning lenders to prepare for...
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LoansZest AI CEO: Artificial Intelligence Is Reshaping Lending and Credit
The use of artificial intelligence (AI) and machine learning (ML) isn’t some futuristic idea....
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LoansBanks Tighten Loan Rules, See Less Than 5 Pct Of...
In the third quarter, banks tightened their loan standards to firms of any size...
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LoansElection-Driven Payday Loan Caps Spotlight On-Demand Wage Technology
Amid the pandemic, a ceiling on payday loans extends … state by state. To...
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LoansUK's FCA Gives Six More Months For Loan Holidays
With new lockdown restrictions due to COVID-19 imminent, the U.K.’s Financial Conduct Authority (FCA)...
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LoansFed Adjusts Main Street Lending Terms To Help Small Businesses
The Federal Reserve Board has modified the terms of the Main Street Lending Program...
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LoansGoogle Cloud's AI Tool Automates Mortgage Document Processing
Google Cloud is aiming to innovate the mortgage industry with its new artificial intelligence...
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LoansPPP, SMBs And The Challenges Of KYC
The House Select Subcommittee on the Coronavirus Crisis found the U.S. Treasury Department encouraged...
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LoansBoA Goes Micro With Consumer Loan Up To $500
Bank of America (BoA) is muscling into the payday loan business, minus the sky-high...
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LoansUK SMBs Say Lenders Refuse To Provide Relief Loans
Small and medium-sized businesses (SMBs) in the U.K. say their very survival is at...
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LoansTreasury Says PPP Loan Forgiveness Coming Soon
Small business owners who have been waiting to have their Paycheck Protection Program (PPP) loan...
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LoansGerman Bank Raided Over $117M Wirecard Loan
A team of police and investigators raided the headquarters of KfW, a German state-owned...
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LoansFinicity Unveils Loan Product To Streamline FI Credit Decisions
Finicity, a financial data provider, is rolling out a new program that will aid...
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LoansReport: Not One PPP Loan Has Been Forgiven
More than 5 million small- to medium-sized businesses (SMBs) received $525 billion from the...
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LoansBanks, SMBs Push For Simplified PPP Loan Forgiveness
Small- to medium-sized businesses (SMBs) are reporting difficulty with the forgiveness aspect of the...
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LoansAbout 1M Homeowners Could Face Foreclosure
Approximately one million homeowners are at risk of losing their homes through foreclosure despite...
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LoansUber Looks To Refinance $500M At 7.5 Pct Interest Rate...
Uber Technologies is taking advantage of rock-bottom pandemic interest rates to refinance some debt....
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LoansWill US Homeowners Manage To Avoid Falling Off A Mortgage...
When Congress first passed the CARES Act earlier this year to ameliorate COVID-19’s economic...
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LoansBillions Lent For Main Street SMBs – But Cash Flow...
Billions of dollars in dry powder for Main Street SMB lending – and relatively...
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LoansJPMC CEO: Some Employees Have 'Fallen Short' As Bank Investigates...
JPMorgan Chase employees returned to work following the Labor Day weekend Tuesday (Sept. 8)...
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LoansUS House Oversight Panel Reports $1B In PPP Loan Violations
A congressional investigation found more than $1 billion in Paycheck Protection Program (PPP) funds went to...
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LoansChina’s Banks Lost Billions In Defaulted Loans, Set Aside Cash...
Five of China’s largest state-owned lenders reported their biggest profit losses in at least a decade,...
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LoansSBA Eyes Fees Paid To Rocket Loans, Contractor In Loan...
The U.S. government's Economic Injury Disaster Loan (EIDL) program, plagued by delays and fraud,...
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LoansLenders Ask Homebuyers To Certify They Won't Seek Forbearance
Mortgage lenders, seeking to keep losses low, are asking homebuyers if they plan to...
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LoansQ2 Mortgage Delinquency Rate Highest In 9 Years
Mortgage loans saw delinquency rates spiking in the second quarter of the year as...
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LoansOnline Loans Confound Experts With Lower-Than-Expected Impairments
Personal, unsecured loans issued through online lenders like Best Egg, LendingClub and Upstart have...
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LoansCiti Wants Revlon Lenders To Return $900M Paid In Error
Citigroup Inc. paid nearly $900 million by mistake to Revlon Inc. lenders due to...
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LoansChina's P2P Lending Crackdown Leaves $115B In Losses
China’s peer-to-peer (P2P) lending sector, once 6,000 businesses strong, has been reduced to fewer...
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LoansSquare's Cash App Tests Small-Dollar, Short-Term Loans
Cash App, Square Inc.’s mobile payment app, has launched a pilot program to offer...
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LoansBanks Brace For Wave Of Corporate Credit Calamities
Before the deluge – of possible bankruptcies, that is – come the provisions. Earnings...
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Loans$765M Eastman Kodak Loan Put On Hold Until 'Allegations Are...
A $765 million loan agreement between Eastman Kodak and the government to provide pharmaceutical...
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LoansHouse Democrats Eye Kodak's $765M US Loan
The meteoric rise, and then fall, of Eastman Kodak stock — and the recent...
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LoansBanks Toughen Lending Requirements For Consumers, Businesses
Banks are increasing their standards for loans to businesses and households, according to the...
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LoansSEC Probes Timing Of Eastman Kodak’s Announcement Of $765M Loan
Eastman Kodak’s surprise announcement of plans to reinvent itself as a drug manufacturer has...
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LoansRubio: Revamped PPP, SMB Loan Programs Aim To Smooth Out...
Senator Marco Rubio of Florida, who spearheaded the landmark Paycheck Protection Program (PPP) to...
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LoansUS Lawmakers Aim To Fix PPP Loophole That Could Cost...
Lawmakers want to fix a mix-up in the economic relief CARES Act laws from...
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LoansSenators Want New PPP Program With Different Guidelines
It’s looking increasingly likely that Congress will vote on a new round of COVID-19...
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LoansKenya's Central Bank Seeks To Govern Digital Lending Interest Rates
The central bank of Kenya is putting forward new legislation to govern interest rates...
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LoansFed Relaxes Requirements For Nonprofits To Borrow From Main Street...
It will now be a lot easier for schools, hospitals and social service organizations...
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LoansMnuchin: PPP 2.0 Should Target Businesses With Greatest Need
Another phase of the Paycheck Protection Program (PPP) should be more focused and should...
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LoansEU Banks Face Massive Losses On Exiting Wirecard Loans
The troubles afflicting Wirecard AG are not limited to the German payment processing company. Some...
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LoansSBA: EIDL Emergency Grant Program Runs Out Of Money
A $20 billion federal initiative to provide emergency funding to small businesses is out...
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LoansFights Over Loan Terms Delayed Main Street Lending Program
More than three months ago, the U.S. Department of the Treasury and the Federal...
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LoansFed Releases Main Street Program Lender List
The Federal Reserve Bank of Boston issued a state-by-state listing of lenders accepting applications from...
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LoansMortgage Applications Skyrocket 33 Pct As Housing Market Rebounds
Homebuyer mortgage applications surged as June turned into July, in yet another sign of...
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Loans$132B Still Available From PPP, Including $30B That Companies Returned
There’s still lots of federal cash available for small and medium-sized businesses (SMBs) in...
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LoansSBA, Treasury Fail To Release PPP Loan Data
The Treasury Department and Small Business Administration (SBA) don't seem likely to release the...
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LoansPPP Application Deadline Extended Until Aug. 8
The U.S. House of Representatives has passed a bill to extend the deadline for...
