The Trump administration plans to put millions of defaulted federal student loan borrowers into collections starting Monday (May 5). 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...
SoFi has secured agreements that amount to a $3.2 billion expansion to its Loan Platform Business, which refers prequalified borrowers to loan origination partners and originates loans on behalf of third parties. Get the Full Story Complete the form to unlock this article and enjoy...
Banks have reportedly more than doubled their lending to nonbank financial institutions (NBFIs) over the past five years and are now lending those companies $1 trillion a year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
PayPal said Wednesday (March 26) that it has passed $30 billion in global loan originations for small businesses since launching its first merchant lending solution in 2013. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Experian has launched a tool designed to increase financial access for people with limited credit history. 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 our daily newsletter,...
Chime has launched a product called Instant Loans that enables preapproved Chime members who receive direct deposits to their Chime Checking Account to access three-month installment loans of up to $500. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Ant International’s artificial intelligence (AI)-driven lending business, Bettr, has officially launched in Brazil and will work with local partners to expand lending to small and medium-sized businesses (SMBs). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
American consumers are missing monthly car payments at the highest rate since 1994. 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 our daily newsletter, PYMNTS Today....
SoFi says it has closed a $697.6 million secularization of loan platform business volume. 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 our daily newsletter, PYMNTS...
