Changes may soon be coming to the Military Lending Act (MLA), a piece of legislation designed to prevent military service members from getting swept up in deceptive or unfair lending practices. According to documents procured and reviewed by National Public Radio, it looks like the...
Payday and short-term lending is a contentious topic in the United States, particularly when it comes to its regulation. The loans, usually for small-dollar amounts and short terms, are hailed by supporters as necessary tools for consumers facing a financial burden, such as an unexpected car...
Ironically, as the global economy has gotten stronger, payment cycles between buyers and suppliers have gotten longer. What was once an average of about 45 days from invoice to payment has increased to, on average, 66 days in the U.K. For many small and medium-sized businesses (SMBs) in this...
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 group that includes most of the biggest names in U.K. marketplace lending, the country’s P2P lending industry had hit £9 billion in loan...
When people talk about the plight of living paycheck to paycheck, Even Responsible Finance CEO Jon Schlossberg told Karen Webster in a recent conversation, they usually aren’t thinking broadly enough about the problem or who it effects. When most people think about financial instability, they...
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. Millennials are either dragging down the housing market because they...
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...
