Sections
Alternative Finances
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3.2KOYO: Why Credit Could Be Key To US Expansion
India-based hotel and booking startup OYO has been on a tear lately, landing $1.5 billion in new funding, expanding to new markets and...
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2.5KWhy Migrant Workers Need Their Own Financial Services
According to the Bureau of Labor statistics, as of 2018 (the last full year for which data is available), there were 28.2 million...
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8.7KPayday 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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5.9KPayPal 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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2.4KBuilding 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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4.4KFinServ 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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2.9KState 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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3.1KWhy 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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3.0KBringing 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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3.1KPlaid 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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2.4KMicrolending 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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3.3KCould 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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3.6KStartup 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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4.6KThe 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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2.9KHigher 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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3.1KMax 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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3.3KIt’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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5.5KProsper 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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11.8KCan 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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5.3KWhy 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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9.1KWill 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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5.5KBuilding 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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8.9KHas 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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5.3KKPMG: 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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3.4KHow 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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7.5KPayPal 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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5.1KHow 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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12.2KLevchin: 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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6.1KWhat 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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20.8KNav 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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16.2KHow 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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5.0KAre 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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5.5KPetal 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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6.0KChanges 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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5.6KBuilding 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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5.9KAltFin’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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7.4KAffirm’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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9.2KMerchant 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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6.2KSub-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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7.1KBitcoin’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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7.7KAffirm 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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5.1KFinlok 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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8.1KPayPal 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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6.4KPew 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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8.7KMike 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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4.8KThe 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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6.4KWhy 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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6.1KWhy 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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5.2KOpening 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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10.6KUS 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...
