Mortgage rates reached a high that hasn’t been seen in longer than seven years when they inched up close to 5 percent on Wednesday (Oct. 11), reported The Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Goldman Sachs might be reining in its online lending platform due to concerns about the stage of the credit cycle and changes in market data. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
With interest rates rising, auto lenders are reigning in their 0 percent financing deals that have become the norm over the past few years. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Avant is best known among its financial services peers as a FinTech firm, founded to throw automation and an artificial intelligence (AI)-enhanced underwriting process at the problem of creating accessible, affordable personal loans for consumers. Since its founding in 2012, the firm has specifically distinguished...
Last week brought a confluence of economic headlines that are slated to hit the consumer right where it hurts: the wallet – and perhaps the sentiment/propensity to open those wallets. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Stripe, the digital payments startup, is reportedly testing a new cash advance service for its business customers. 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...
To help manage their student loan debts, 28,000 borrowers have sent in 33,300 applications for the Public Service Loan Forgiveness (PSLF) program. However, approximately 99 percent of 29,000 applications that have been processed were denied, and only around $5.52 million of debt has been discharged...
Peer-to-peer (P2P) lending in China is not for the faint of heart — and that’s putting it lightly. Banks offer credit limits to borrowers that would seem punitively low in much of the Western world, so there is a pent-up demand for online alternatives. However,...
Turkey’s central bank announced effective in October it is raising the maximum interest rate credit card lenders can charge. 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...
