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Loans
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1.9KBanks Look To Shoot Down Firms’ Revolver Drawdowns
For banks seeking to protect profits – and liquidity – keeping corporate clients from drawing down credit lines may be one way...
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4.6KHSBC, Alibaba Link Up On Quick eCommerce Loans
Banking giant HSBC and Cainiao Network Technology, which is a logistics arm of Alibaba Group, have announced they will offer rapid finance...
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1.2KUS Regulators To Reward Banks For Low-Income Lending
Banking regulators on Thursday (March 19) said they are going to give banks credit for letting lower-income Americans borrow money during the...
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950Most UK Retailers Too Small To Get Bailout Loans, Group Says
The Bank of England (BoE) is excluding many businesses from its short-term loans for coronavirus-related relief, critics say, by including restrictions based...
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12.9KHouse Chairwoman Tells FDIC To Halt ILC Charters
Congresswoman Maxine Waters, chairwoman of the House Committee on Financial Services, wants to stop any new Industrial Loan Company (ILC) charters until...
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2.5K‘Rent-a-Bank’ Lending Practices Trigger Calls For Regulation
Consumer advocates are pushing federal banking regulators to do something about rent-a-banks with notoriously sky-high loan rates that prey on people with...
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2.1KPersonal Loan Apps Banking On Features
Unsecured lending is the theme of this week’s PYMNTS Provider Ranking of Personal Loan Apps, which looks at this fascinating space with...
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1.7KPatreon Debuts Cash Advances For Users
Patreon, known for its platform for content creators to earn money from fans, will be entering the micro-loan business, according to reports. The...
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6.5KWhy The Goldman-Amazon Bet On SMB Loans Is No Sure Thing
In the platform economy, scale matters. And in leveraging Amazon’s scale as a platform — with millions of small to medium-sized businesses...
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3.8KFed: Two-Thirds Of SMBs Are Dissatisfied With Online Lenders
In the wake of the Great Recession, small businesses found it difficult to secure loans via banks – and even when they...
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3.1KCA Denies Lending License For BNPL Firm Sezzle
Sezzle — a “buy now, pay later” (BNPL) company based in Minnesota, but listed in Australia — was denied a crucial lending...
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3.2KSMB Digital Loan Applications Rose 19 Pct. YOY
As banks continue to shy away from providing small business loans, many small and medium-sized business (SMB) owners have turned to online...
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3.7KUS Bank Business Loans Stalled In Latter Half Of 2019
U.S. business loans and capital investment have essentially plateaued in the second half of 2019, in what experts say is a reflection...
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2.3KPillar Offers Gifting Platform For Student Loan Payments
Student loan personal finance platform Pillar has launched a gift initiative for the holidays called Boost, according to a release. Boost will...
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2.3KCan Data Driven Lending Displace VC Funding For Some Firms?
Running a small business is not for the faint of heart — or the deeply optimistic. The numbers, as offered by the...
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3.3KFinTechs, AI And The Rise Of SMB Credit In Brazil
One of the biggest tests for FinTech in the coming years is how well it can serve businesses that don’t have easy...
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3.2KGiving Truckers Better Loans Can Lower Carbon Footprints: Here’s Why
Of late, California’s emissions standards have become a source of some controversy as the state’s ability to set emission standards for cars...
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2.7KXiaomi Offers Digital Lending Marketplace For Young Indian Consumers
The largest smartphone company in India, Xiaomi, has started a credit platform designed to attract young professionals and millennials in the country,...
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3.1KGoldman Lends MercadoLibre $125M
Goldman Sachs is loaning $125 million to Mercado Crédito, a unit of MercadoLibre. This is the bank’s third loan to a Latin...
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3.2KSilicon Valley Bank To Lend $200M To Danish Tech Firms
Silicon Valley Bank, a unit of SVB Financial Group, revealed plans to invest a minimum of $200 million to supply loans to...
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2.7KBBVA, Prosper Partner To Offer Easier Home Equity Loans
Online lending marketplace Prosper has teamed up with BBVA USA to offer a new way for consumers to apply for a home...
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3.0KFundingSecure British P2P Lender Faces Collapse
U.K.-based FundingSecure has called in administrators at CG Recovery as it becomes the second peer-to-peer (P2P) lender in the country to fold...
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1.9KStruggling French Retailer Casino Lands €1.5B In Debt Equity
French retailer Casino announced that it has raised €1.5 billion ($1.67 billion USD) in bank loans so that it can refinance part...
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6.8KFiserv: Two-Thirds Of Loans Originated Online In Last Two Years
Fiserv’s consumer trends survey, Expectations & Experiences, shows that the majority of loans over the past two years were done online, the...
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3.5KP2P Lender Funding Circle Addresses Investors’ Withdrawal Concerns
Peer-to-peer (P2P) British-based lender Funding Circle sent out a letter to investors after they were unable to take out funds from the...
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2.4KWeWork Calls For Looser Loan Policies For Co-Working Tenants
A WeWork executive is calling for real estate lenders to be more flexible when it comes to their co-working tenants. “It’s important...
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4.7KLendingClub Offers Same-Day Loan Settlements
LendingClub, an online marketplace that connects borrowers and investors, has launched a new marketplace called LCX with the intention of drawing a...
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5.8KUpgrade Card Combines Credit Card Acceptance With Installment Payments Flexibility
Twelve years ago, LendingClub Founder Renaud Laplanche built a business to help consumers manage the $800 million in outstanding credit card debt....
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5.5KCarvana Now Offers Online Auto Loans
Carvana, the company that lets consumers browse and purchase vehicles online, has added a new virtual financing option, according to reports. The...
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2.7KFair Secures $500M Loan Led By Mizuho Bank
Car leasing app Fair has secured a $500 million revolving credit facility led by Mizuho Bank. SoftBank Group Corp. is among several...
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3.1KGoldman 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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4.5KStripe 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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4.0KXiaomi 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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3.1KBarclays 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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2.5KNear-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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6.0KCiti 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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5.8KNegative 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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2.6KLendingClub 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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2.0KFed 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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5.7KChase 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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5.9KCA 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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5.9KJack 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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3.1KStifel 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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3.8KChinese 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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5.5KGoldman, 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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2.6Kiwoca 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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2.4KJPMorgan 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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3.8KFairFX 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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2.7KP2P 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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1.6KIrish 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...
