The China Banking and Insurance Regulatory Commission (CBIRC) has released new guidelines aimed at getting banks to increase lending to small businesses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Federal Reserve Governor Lael Brainard said on Tuesday (March 12) that a more flexible look at banks through the lens of the Community Reinvestment Act (CRA) could potentially make capital available for regions outside the usual areas financial institutions cater to. Get the Full Story...
Bank of America has pledged $100 million to the Tory Burch Foundation to make capital available to women in the business sector who might not otherwise have access to it, according to reports. Get the Full Story Complete the form to unlock this article and...
The Consumer Financial Protection Bureau (CFPB) disclosed in a report on Friday (March 1) that there has been an increase in active duty service members and veterans applying for first time homebuyer loans at least partially guaranteed by the U.S. Department of Veterans Affairs (VA)....
JPMorgan Chase, aiming to get a bigger piece of the point of sale financing market, announced Wednesday (Feb. 27) that it is launching “My Chase Plan,” a tool that allows card customers to finance purchases of more than $500. Get the Full Story Complete the...
Zillow is focusing more on the mortgage market, making loans to buyers who use the company’s app. 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...
Online lender Social Finance (SoFi) is launching two free exchange-traded funds (ETFs). Citing regulatory filings, Bloomberg reported that the funds — set to waive management charges for at least the first year — will focus on U.S. stocks. Get the Full Story Complete the form...
FinTechs, not traditional banks, appear to be preferred method of taking out unsecured personal loans in the U.S., with the market hitting an all-time high last year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
A global shipping company is reeling after Amazon apparently pulled business to focus on its own logistics, according to a report from Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
