The Consumer Financial Protection Bureau issued a no-action letter to Upstart Network, the first of its kind since the government watchdog created the no-action letter program to encourage innovations that have consumers’ best interests in mind. Get the Full Story Complete the form to unlock...
ƒFord Motor Credit Co. the financing arm of the vehicle manufacturer, announced Friday (Aug. 25) that it will implement machine learning credit approval models to determine if it will lend a consumer money as it goes after a segment of the market that doesn’t have...
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. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
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. Get the Full Story Complete the form to...
Wells Fargo & Co., the embattled bank, is reportedly overhauling its auto lending unit in an effort to control risk. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
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. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
SMB online lending marketplace Lendio and Comcast announced a collaboration on a pilot program that will give Comcast Business customers easier access to Lendio’s marketplace and network of more than 75 lenders. We chatted with Lendio about the pair-up, how it came together and what...
