When one tries to Google the phrase “millennials and mortgages,” something curious happens. Two different – and in some cases, mutually exclusive sounding – accounts of millennials and their home-buying habits, or lack thereof, emerge. Get the Full Story Complete the form to unlock this...
The story of alternative finance is now well-known across the small business (SMB) lending community: Heightened risk management and capital requirements imposed on traditional lenders by regulators, following the 2008 global financial crisis, left a gap in the market that FinTech companies quickly sprang up...
On the whole, it’s been a good year for startups in Africa, according to recent reporting in Quartz. Coming up on the half mark in 2018, total fundraising on the continent has hit $168.6 million — already ahead of 2017’s full-year take of $167.7 million and four...
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 Co-founder and CEO Rob Frohwein told Karen Webster in a recent conversation. The concept persists, he noted, even though almost no one in...
When the Great Recession kicked off a decade ago, for a brief but memorable time, it seemed as though credit in the United States was never going to recover. And not just in one branch of underwriting — for a short while there, it seemed...
In the early days of online lending, the big appeal was access to funds for potential borrowers with few, if any, options for securing capital. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
In the early 1950s, an engineer named William Fair encountered a mathematician Earl Isaac who together decided to work out an automated credit scoring system for banks. In 1956, they came-up with the first version of the Fair Isaac credit score — or the FICO....
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 Authority (FCA) require banks to charge the same rages for unarranged overdrafts that they do for arranged overdrafts. According to Which?, the rates...
There is much to like in the current economic snapshot of the U.S. The overall unemployment rate has slipped below 4 percent — the lowest it’s been in nearly 20 years. After a brief dip in consumer spending early in the year, consumer enthusiasm for...
