Sections
Alternative Finances
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3.3KPayPal Lowers Installment Credit Threshold To $30 – $99 Purchases
Consumers now have a range of promotional financing deals to choose from the online payments system PayPal that provides zero-interest installment loans...
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2.6KPayday Lending Laws Drive Traffic To Pawn Shops
While short-term lending in general has a pretty rough reputation, the pawn loan is the most ill-regarded arena in an already unloved category of...
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2.0KBuilding A Better Payday Lending Product
Short-term lending has something of a bad rap in the United States — consumer advocacy groups have long accused them of being predatory...
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3.9KFinServ Matchmaker SuperMoney Tops $2B In Loan Requests
Most people make big purchases not so much with the total cost of ownership in mind, but how much it costs them...
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2.5KState Regulators Investigate Payday Advances
The New York State Department of Financial Services (NYDFS) has announced it will lead a multi-state investigation into alleged violations of state...
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3.0KWhy Consumers Need Digital Banks To Be Better, Not Just Cheaper
Not having enough money can be a very expensive — a genuine problem for the more than two-thirds of all American workers...
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2.6KBringing Debt Management Into The Digital Age
“Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.”...
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2.8KPlaid Rolls Out Liabilities Tool To Track Student Loan Debt
Plaid’s core business is centered on helping make it easy for developers get up and running with financial apps. That mostly until...
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2.2KMicrolending Bridges Gaps For Recent Immigrants
Karla Ogaro was a certified pharmacist in the Philippines before emigrating to Canada. Mohammed Aly, also an immigrant to Canada, was a dentist who...
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3.1KCould Income Share Agreements Displace Payday Loans?
Income sharing is not a common method of financing as of 2019 — though, as of late, it has begun to get...
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3.2KStartup Helps Millennials Finance Rent, Move-In Expenses
In 2010 a small, obscure New York State political party grabbed a lot of viral attention with a video by its candidate for...
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3.1KThe Problems With Postal Banking
Last week presidential candidate Sen. Bernie Sanders and freshman New York Rep. Alexandria Ocasio-Cortez made a lot of headlines with the Loan Shark...
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2.7KHigher Fees Drive LendingClub’s Earnings Beat
Stronger-than-expected loan originations combined with increased transaction fees to push LendingClub’s quarterly earnings report past analyst expectations when the results went live...
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2.9KMax Levchin: What’s Missing From Today’s Financial Literacy Initiatives
By the numbers, Americans are not a very financially literate people. According to a Standard & Poor’s Global Financial Literacy survey only...
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3.1KIt’s Not Easy Solving For $1.5 Trillion In Student Debt
This week Democratic presidential candidate Sen. Elizabeth Warren managed to capture a lot of airtime — no small feat in a field...
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5.2KProsper Fined $3M By SEC For Overstating Returns
The Securities and Exchange Commission announced late last week that Prosper, the online lender, has agreed to pay a $3 million fine...
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11.6KCan A Poverty-Fighting Tool In Bhopal Work For Customers In Brooklyn?
Microlending is a relatively simple concept that can be complicated to evaluate. The theory behind it, pioneered by Nobel Prize-winning economist Muhammad...
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5.1KWhy AI Risk Tech And Banks Could Be A Match Made In Heaven
While most CEO stories are about having founded a firm to solve a problem, Upstart CEO Dave Girouard and his team of...
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8.8KWill The Consumer’s Next Bank Be Amazon, PayPal Or Walmart?
FinTech firms may not be the only ones that traditional financial institutions (FIs) need to keep an eye on. About six in 10...
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5.2KBuilding A Better On-Ramp For Credit Repair
Self Lender Founder James Garvey never thought he would go into financial services, and certainly never thought financial inclusion would become a...
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8.5KHas Alternative Lending Seen Its VC Peak?
In 2015, news outlets ran articles about the “gold mine” of venture capital investments in the alternative finance sector. The industry indeed proved...
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5.1KKPMG: Australia’s AltFin Sector Worth $1B
KPMG, an advisory and audit company, has released numbers that say Australia has a 32 percent share of the APAC alternative finance...
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3.3KHow Frank Wants To Help Students Stay Away From Debt
Much has been written about the student loan crisis in the U.S. There are now 44 million borrowers who collectively own $1.5 trillion...
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7.1KPayPal Hits £1B UK SMB Lending Milestone
PayPal said on Wednesday (March 6) that it has provided more than £1 billion in financing to small businesses in the United...
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4.9KHow POS Financing Can Make The Friendly Skies Much Friendlier
The family vacation to Disney World. The trip to a best friend’s destination wedding. The retired couple’s once-in-a-lifetime bucket list getaway. There...
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11.6KLevchin: Why The Affirm-Walmart Partnership Is More Than POS Credit
As we learned last week, purchase financing for Walmart customers is changing. In fact, the change has already begun and will continue to...
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5.8KWhat Smart, Conversational AI Adds To Credit Scoring
Traditional credit-scoring models have not had it easy in the court of public opinion over the last few years. The complaints vary in...
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20.6KNav CEO On Breaking SMB Financing’s ‘Black Box’
Starting a business in the United States requires being courageous, someone who embraces the idea of success as a long shot. In...
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16.0KHow To See The Customer ‘Beyond The Credit Score’
“What’s in a name? That which we call a rose by any other name would smell as sweet.” -William Shakespeare, Romeo & Juliet...
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4.8KAre Mortgages The On-Ramp For Lifelong Financial Management?
Of the scores of innovations and updates to consumer lending seen and written about over the last decade or so, speed is...
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5.3KPetal Raises $30M To Expand Credit Card Biz
Petal, the New York-based FinTech that makes a credit card for consumers just starting out, announced Tuesday (Jan. 29) that it raised...
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5.7KChanges On Deck For The CFPB’s Payday Lending Rule
Could it be that the CFPB, under new Executive Director Kathy Kraninger, will be moving directly to eliminate the more controversial provisions of...
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5.2KBuilding A Bridge To The Homeless With Breadcoin
Washington, D.C. is both a rich city and a poor city. Filled with federal workers and contractors, the nation’s capital has a high...
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5.8KAltFin’s Bumpy Ride Into An Uncertain 2019
“It was the best of times, it was the worst of times…” -Charles Dickens, A Tale of Two Cities Charles Dickens’ famous...
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7.2KAffirm’s Levchin On Changing The Consumer Credit Conversation
The conversation about credit in the U.S. has become one of extremes. There is a growing chorus of voices that eschew credit...
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8.8KMerchant Cash Advance Firms In NY AG’s Crosshairs
The NY AG is looking into how state courts are a weapon against small business owners, who sign documents that allow merchant...
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6.0KSub-Prime Lending’s Late-Year Bounce
According to the latest Q3 2018 TransUnion’s Industry Insights Report the back half of 2018 has been a good year for sub-prime borrowers looking for access to...
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6.9KBitcoin’s One-Stop Pawn Shops
On November 14th 2017, the price of bitcoin was a little over $6,500 — a bit more than it is today at $6,300....
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7.4KAffirm Launches New Features To Help Consumers Spend Responsibly
“The more I looked at retailer-sponsored finance, the more I realized people routinely end up paying atrociously more than they bargained for...
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4.9KFinlok And Building Better Financial Services For Young Indian Consumers
In the course of conversations with many innovators and entrepreneurs about how they ended up founding the firms they founded, we tend...
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7.8KPayPal Invests In Emerging Markets Lending App Tala
Tala, the consumer lending app in emerging markets, announced Monday (Oct. 22) a strategic investment from PayPal. In a press release, Tala...
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6.1KPew Pushes Installment Loans As Regulated Payday Alternative
Short-term lending – specifically, payday loans – have attracted a lot of attention in recent years, from the media and from the...
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8.4KMike Cagney’s Figure Launches Blockchain-Powered Online Home Equity Loans
Mike Cagney first made his name in financial services as the founder and CEO of SoFi, an alternative credit startup that got...
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4.7KThe Changing Face Of Short-Term Lending
About a year ago, the CFPB, which now goes by the BCFP, dropped the final version of its payday lending regulations. This followed a nearly five-year-long process...
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6.1KWhy Bread Thinks Private-Label Cards Are Ready For Disruption
The reason private label works so well in stores, Bread CEO and Co-founder Josh Abramowitz told PYMNTS’ Karen Webster, is because they...
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5.8KWhy Scratch Says Loan Servicing Needs A Ground-Up Rebuild
If the world were a more logical place, it would always be easy for a borrower to pay their debts as quickly...
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5.0KOpening Up Mortgages For Gig Workers
While freelance and self-employment has existed as long as the work has existed, half a decade can make a big difference. Gig...
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10.3KUS Bank Launches Loan To Compete With Payday Lenders
U.S. Bank is entering the small-dollar lending arena. Going forward, U.S. Bank depositors will be able to tap into an online, digital...
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4.3KFunding Circle To IPO, Raise $387.4M
Funding Circle, U.K.-based peer-to-peer lender, announced Monday (Sept. 3) that it is aiming to raise $387.4 million via the issuance of new...
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6.5KWhy Wonga Finally Called It Quits
U.K. payday lending startup Wonga has come to the end of the road, having filed for administration (similar in concept to bankruptcy...
