Student loans have an unexpected consequence if they go unpaid: Borrowers who default on their payments can lose their state-issued professional licenses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Goldman Sachs revealed that it can reach $13 billion in new consumer loans in the next three years through its Marcus online lending business. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The Federal Reserve Bank of Cleveland issued new research on the online lending market showing that borrowers end up in more debt than consumers who don’t utilize this method of borrowing. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Capital One Financial Corp. is getting out of the mortgage origination and home equity business, while continuing to service their existing and pending home loans, because of competition that made it too hard for the unit to turn a profit. Get the Full Story Complete...
German car manufacturer Volkswagen (VW) has confirmed it is in the process of applying for a U.K. banking license that will enable it to continue providing financing to car buyers after Britain leaves the EU. Get the Full Story Complete the form to unlock this article...
The country’s largest banks, JPMorgan Chase & Co., Bank of America and Citigroup, are reducing loans to retailers at a time when the industry is also facing doubts from bond investors. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
A growing number of potential U.S. homebuyers are turning to alternative lenders to purchase their dream homes. 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...
Reuters reported that bad debt continues to linger on Indian banks’ balance sheets. On Tuesday (Oct. 10), the newswire said that the souring loans totaled 9.5 trillion rupees, which translates into $145.56 billion. That data was compiled at the end of June. Get the Full...
With millions of Americans shackled by massive student loan debt, one home lender is trying to entice potential buyers by paying off a chunk of their student loans when they purchase a home. Get the Full Story Complete the form to unlock this article and...
