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Alternative Finances
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2.3KHow 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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4.3KPayPal 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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3.5KHow 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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7.3KLevchin: 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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4.5KWhat 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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19.7KNav 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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14.9KHow 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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3.5KAre 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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4.2KPetal 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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4.1KChanges 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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3.9KBuilding 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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5.0KAltFin’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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5.8KAffirm’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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6.6KMerchant 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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5.1KSub-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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6.0KBitcoin’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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6.1KAffirm 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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4.2KFinlok 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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6.5KPayPal 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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4.9KPew 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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7.3KMike 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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4.0KThe 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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5.0KWhy 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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5.0KWhy 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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4.1KOpening 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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9.1KUS 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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3.8KFunding 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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5.5KWhy 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...
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3.5KLending Is Failing To Live Up To 2018’s Great Expectations
It was supposed to be a strong year for lending across the board, after a stumpy 2017, which saw numbers in both...
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5.2KThe $70K Dent The Financial Crisis Put In The US Consumer’s Pocketbook
While the Great Recession technically began in Dec. 2007, most people remember a different date as the “real” start to the Great...
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3.6KCashCall, Courts And California’s Increasingly Confusing Lending Market
Headquartered in Orange County, California and founded in 2003, CashCall is a big firm that consumers likely know best from its early...
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6.7KAre Big Changes Coming To The Military Lending Act?
Changes may soon be coming to the Military Lending Act (MLA), a piece of legislation designed to prevent military service members from...
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3.7KThe Regulatory Future Of Payday Lending
Payday and short-term lending is a contentious topic in the United States, particularly when it comes to its regulation. The loans, usually for...
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3.4KBarclays Business Banking CEO On Solving SMB’s Big Receivables’ Problem
Ironically, as the global economy has gotten stronger, payment cycles between buyers and suppliers have gotten longer. What was once an average of...
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5.2KUK Regulators Taking Very Close Look At P2P Lending
The P2P lending market is big business in the U.K. According to the U.K. Peer-to-Peer Finance Association (P2PFA), a self-regulating P2P industry...
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6.8KWalmart Redefines The Paycheck
When people talk about the plight of living paycheck to paycheck, Even Responsible Finance CEO Jon Schlossberg told Karen Webster in a...
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6.6KMillennials Turn To Crowdfunding For Mortgage Down Payments
When one tries to Google the phrase “millennials and mortgages,” something curious happens. Two different – and in some cases, mutually exclusive...
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3.8KCODE Investing Talks AltFin And Bank-FinTech Collaboration
The story of alternative finance is now well-known across the small business (SMB) lending community: Heightened risk management and capital requirements imposed...
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5.0KWhy Micro-Lending Is Branching Out In 2018
On the whole, it’s been a good year for startups in Africa, according to recent reporting in Quartz. Coming up on the...
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3.7KKabbage CEO: SMB Working Capital Needs Don’t Fit ‘Bankers’ Hours’
Bankers’ hours — that eight-hour block of time between 9 a.m. and 5 p.m. — are a bit of an anachronism in 2018, Kabbage...
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4.6KAmerica’s Expanding Debt Footprint (And What It Really Means)
When the Great Recession kicked off a decade ago, for a brief but memorable time, it seemed as though credit in the...
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3.5KWhy Digital Lenders Are Tightening Their Lending Criteria
In the early days of online lending, the big appeal was access to funds for potential borrowers with few, if any, options...
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5.4KCan Alternative Data Move The Dial For Financial Inclusion?
In the early 1950s, an engineer named William Fair encountered a mathematician Earl Isaac who together decided to work out an automated...
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1.9KAre UK Overdraft Fees More Costly Than Payday Loans?
Which?, a U.K.-based consumer group, and a cross-party group of 84 MPs are taking on bank overdraft fees, demanding the Financial Conduct...
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6.2KAmerica’s Daunting Debt Picture
There is much to like in the current economic snapshot of the U.S. The overall unemployment rate has slipped below 4 percent...
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4.5KBanks Feeling The Heat From Nonbanks When It Comes To Business Loans
With competition increasing from the likes of hedge funds and private equity firms that are making business loans, banks are being forced...
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4.6KAnt Financial Has More Than 600 Million Users
Ant Financial, the Chinese payment affiliate of Alibaba, has more than 600 million users, the first time the company has said how...
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5.4KSoFi’s New Direction
It’s been a full year for SoFi, as the personal finance company attempts to get back on track after a 2017 that...
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6.3KSoFi CEO Talks Up Milestones, Values In First Letter To Shareholders
SoFi’s new chief executive officer Anthony Noto penned his first quarterly missive to shareholders highlighting the company’s mission and its company values...
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3.9K
Finding A Better Credit Fix For Near-Prime Customers
Fair Square Financial entered the financial services world a few years ago with two observations about why the world needed another non-bank lender. The...
