Payday lenders are now offering an array of new financing products that are sending their stocks soaring. 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...
Between 2015 and 2017, the amount of lending to small businesses by the five leading online lending providers increased 50 percent, according to a new report from NDP Analytics, a Washington, D.C.-based economic research firm. Collectively, the amount of those loans reached $3.9 billion in 2017...
Consumer advocates in Ohio were granted permission to start collecting signatures to get a constitutional amendment regarding payday loan reform on the ballot. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
The rate of credit card delinquencies jumped 52 basis points (BPS) in the first quarter (Q1) of 2018, and will likely continue to increase over the next 12 months as consumers take on more debt. That’s according to an analysis from Moody’s on Friday (May...
Borrowers in the U.S. are defaulting on subprime auto loans at a higher rate than during the financial crisis in 2008. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
OnDeck Capital first quarter results, which were reported Tuesday (May 8), showed better credit metrics and headline numbers that topped the Street on the top and bottom lines. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Lending standards for business loans eased at U.S. banks in the first quarter of the year, according to a new report from the Federal Reserve. Consumer lending, though, experienced tightening standards. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
“Machine learning is the answer to the financial inclusion problem.” 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 this...
Joseph Otting, Comptroller of the Currency, says that rules on short-term, small-dollar lending should be relaxed so U.S. banks are able to offer loans to cash-strapped consumers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
