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Credit Crunch Looms for Auto Lenders as Paycheck-to-Paycheck Pressures Intensify
August 02, 2022

The credit crunch looms for auto lenders — perhaps most imminently for those lending to the subprime market. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

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Report: Equifax Glitch Sent Millions of Wrong Credit Scores to Lenders, Impacted Loan Rates
August 02, 2022

Equifax provided inaccurate credit scores for millions of Americans seeking loans over a three-week period in the spring, The Wall Street Journal (WSJ) reported Tuesday (Aug. 2). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

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UK Sees Surge in Pawnbroking as Inflation Continues to Rise
July 31, 2022

Higher living costs have created more demand from borrowers looking for small loans, leading a number of individuals in the United Kingdom to explore the options available through pawnbrokers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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US Credit Card Issuers Compete for New Business
July 31, 2022

Credit card lenders have been stepping up their marketing efforts to draw in new borrowers, showing confidence in U.S. consumers even as the economy could be tilting toward a recession. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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Electric Vehicle Maker Fisker Announces Digital Financing Platform
July 10, 2022

Fisker, which makes electric vehicles, has debuted a new digital financing platform, a press release said Friday (July 8). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...

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Finastra Launches BNPL Alternative Tool
July 01, 2022

British FinTech Finastra has debuted an embedded customer lending product, a solution the company says provides access to “traditional regulated lending options” for customers at point of sale (POS). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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LendingClub CEO: Online Marketplace, APIs Create ‘Dynamic’ Loan Pricing
June 29, 2022

Credit markets are tightening. The Federal Reserve has been busy boosting interest rates and, amid a macroeconomic environment that could be charitably described as uncertain, the buying and selling of consumer loans winds up being a fraught process. Get the Full Story Complete the form...

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FI Data Platform Curinos Debuts Small Business Lending Consortium
June 22, 2022

Data intelligence firm Curinos rolled out a new small business lending platform Wednesday (June 22), allowing direct access for various originations metrics. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

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UK Expands Interest-Free Emergency Loans to Needy
June 19, 2022

The U.K. No Interest Loans Scheme (Nils), backed by the treasury, will now be expanded to reach up to 20,000 people, a report says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...