Last week, after five years of debates, discussions, arguments and waiting, the Consumer Financial Protection Bureau’s (CFPB) final rules for payday lending dropped. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Access to capital is the first, last and constant problem that small businesses experience in the day-to-day course of doing business. Although they are often hailed as the backbone of the U.S. economy, SMBs have been struggling for the last two decades. Just a few weeks ago,...
Neither a borrower nor a lender be, the saying goes. Although in a perfect world that might be the way to live life, we live in a world far from that. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
It’s been a tough 12 months for online lending marketplace Prosper. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing...
The final payday lending rules are coming, but reporting by The Wall Street Journal over the weekend suggests that they may not take quite the toll on the lending industry as once thought. The Consumer Financial Protection Bureau (CFPB), it seems, is considering proposals that would scale back the rule’s scope....
With an early string of alternative lenders having a tough go of it, startups looking to raise money are having to show how they will avoid the woes of the online lenders before them. Get the Full Story Complete the form to unlock this article...
Just about two years ago, Ant Financial announced it was launching its own consumer credit scoring model: Sesame Credit. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...
While startups and small business are often (rightly) hailed as the engines that power growth in the American economy, when it comes time to secure funds — the situation gets tricky. Stated simply, ten years out of the financial crisis and small business lending remains...
ID Finance Co-Founders Boris Batine and Alexander Dunaev were far from newcomers to the world of finance when they started up their business in 2012. Long before founding a data science, credit scoring and digital finance company, the Russian-born and U.K.-educated entrepreneurs met while working abroad...
