Daimler Financial Services, the banking and finance unit of German car maker Daimler, is on track for another record year thanks to new 2017 leasing and financing contracts for loans. According to a news report in Reuters, Daimler Financial Services — which is in charge of customer...
Lendio, a free online service that helps business owners find the right small business loans within minutes, announced it has helped facilitate more than $500 million in financing to more than 21,000 small businesses across the U.S. According to a press release, the average loan...
Wells Fargo & Co., the embattled bank, is reportedly overhauling its auto lending unit in an effort to control risk. According to a news report in Reuters, citing an internal memo, with the restructuring, Wells Fargo will phase out 57 regional offices in the U.S. and...
With healthcare costs on the perpetual rise, many employers are offering insurance plans with high deductibles to keep costs down. But that can leave patients with a $5,000 upfront cost to hurdle in order to get a medically necessary procedure. Should they take on the...
Everyone hates consumer lenders — politicians, consumer groups, prayer circles — except the people who use them. They tend to like the products — and favor continued access to them. And that is not, as University of Pennsylvania Professor Lisa Servon says, a symptom of...
Mercado Libre Inc, the Argentina online marketplace, is gearing up to offer working-capital loans to entrepreneurs in Brazil and Mexico during 2017, reported Reuters. According to a news report, the move is part of an expansion of a program the company launched in Argentina in May. With...
A federal district court judge has entered eight orders against a web of Orlando-based individuals and companies that bombarded consumers with illegal robocalls for worthless credit card interest rate reduction programs. According to a press release, the orders were at the request of the Federal Trade...
Student loan debt is still hurting a slew of Americans, with the Federal Reserve Bank of New York saying Wednesday (May 31) that defaults are still hovering at a high rate and that a small percentage of student debt holders can’t purchase a home as...
Big banks are pulling back from the $1.2 trillion U.S. car loan market due to fears that consumers have taken on more debt than they can handle. According to The Financial Times, new data released last week by the Federal Deposit Insurance Corporation showed the...
