Sections
Alternative Finances
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389Affirm 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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2.5KFinlok 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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4.1KPayPal 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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2.8KPew 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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5.2KMike 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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2.3KThe 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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3.5KWhy 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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3.9KWhy 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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2.3KOpening 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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5.6KUS 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...
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2.5KFunding 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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4.1KWhy 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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1.9KLending 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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3.8KThe $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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2.2KCashCall, 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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3.0KAre 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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1.7KThe 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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2.6KBarclays 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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3.1KUK 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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4.0KWalmart 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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4.8KMillennials 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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2.7KCODE 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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2.8KWhy 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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2.9KKabbage 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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3.5KAmerica’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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2.4KWhy 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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4.4KCan 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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1.4KAre 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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5.2KAmerica’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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3.9KBanks 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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3.4KAnt 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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4.7KSoFi’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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5.4KSoFi 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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2.7K
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...
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4.5KLending Club Surprises With Profits On Higher Loan Volume
Exactly two weeks ago today (April 25), LendingClub‘s stock hit an all-time low with the announcement of an FTC-backed lawsuit alleging that...
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2.8KWhat To Watch For When LendingClub Releases Earnings
After a strong debut on the public markets at $14 per share in its Initial Public Offering (IPO), LendingClub has taken investors on...
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20.5KRipio CEO: Reinventing P2P Lending With The Blockchain
Ripio has had more than one name in its evolution as a firm – but only a single goal. Originally known as...
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2.7KGetting Bill Payments The Financial Services Love It Deserves
No one gets excited about paying bills. Which, according to SVP of Consumer Channels and General Manager Richard Kang at Handle Financial,...
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4.1KWhy Marketplace Lending Needs Less Transparency, Not More
Marketplace lending platforms — Lending Club, OnDeck, Prosper and the like — have inarguably and fundamentally altered the geography of the lending...
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3.5KHow The Lending Landscape Is Quietly Changing
The financial crisis that rolled through the economic landscape a decade ago was — among many things — a financial reset button. Interest rates plummeted as...
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5.5KChanging The Direction Of Debt Collection
Debt collectors are historically an unpopular group of people. Even the Bible has shade to throw their way. (Debt collectors, Biblically speaking,...
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8.4KHow Affirm Wants To Push ‘Honest Financing’ Into Physical Retail
Despite the nearly continuous drumbeat of doom and gloom from the world of physical retail, there is, according to Affirm CRO Rob...
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4.7KMoving Mortgages Into The Mobile Era
Millennials, we have long been assured, were never, ever going to buy houses. Some hypothesized that the lingering memory of the Great Recession’s origins...
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3.8KHoncker’s New Lease On Auto-Leasing
There are aggregators for just about everything these days, and loans of all types. Now we can add car leasing to the...
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7.1KWhat The Climbing Debt Defaults Really Mean For The Economy
By many measures, the economy looks strong. The stock market — despite a fairly steepWh correction a week ago — is still well...
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5.1KSoFi Says Bye-Bye To 5 Percent Of Its Staff
Social Finance — the online lender better known as SoFi — will be laying off dozens of workers in its mortgage division,...
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7.2KAspiration CEO: Big Banks’ ‘Bad Decision’ Is My Gain
When Bank of America announced last week that it was terminating its free checking option for low-balance customers, a literal Tweet storm...
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3.3KUK Federation Of Small Businesses Says AltFin Is Just Heating Up
Small businesses face a mountain of financial challenges in the U.K., from late payments from their large corporate clients to a lack...
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5.5KLenda: From Mortgage App To Mortgage In Five Days
Very few consumers review the mortgage application process as a high water mark in their lives. Finding that perfect home can be...
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5.1KSubprime Lending Power Player Victory Park Expands Overseas
Victory Park Capital — a Chicago-based investment firm — is a key player in the alternative financial services movement, providing debt capital...
