Ant Financial, the payment affiliate of China’s Alibaba, has seen its consumer lending business reach 600 billion yuan ($95 billion) even as the company faces a stricter environment for securitizing loans in its home country of China. Get the Full Story Complete the form to...
To help merchants and other service providers convert more consumers at the point of sale, LendingPoint has unveiled LendingPoint Merchant Solutions, a platform that will provide fully integrated one-stop retail financing, the company said in an announcement. Get the Full Story Complete the form to unlock...
Americans like owning and driving cars — 88 percent of those who are legally able to drive are owners of cars, according to Pew, giving the U.S. the world’s second-highest automobile ownership rate (Italy leads the pack and edges us out with 89 percent ownership)....
Despite a return of volatility to the stock market, the premium that investors want on loans that are packaged and offered as bonds has hit its lowest level since the financial crisis of 2008 and 2009. Get the Full Story Complete the form to unlock...
The Federal Reserve revealed in its quarterly survey on Monday (Feb. 5) that loan officers in banks around the U.S. eased lending standards for businesses but tightened lending standards when it came to commercial real estate loans. Get the Full Story Complete the form to...
Goldman Sachs has taken another step to boost its presence in the consumer lending market by marketing home improvement loans to its customers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Ant Financial Services Group (which offers Alipay) said on Monday (Jan. 15) that it has garnered approval in China to issue consumer credit backed securities to institutional investors. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
JPMorgan Chase announced Thursday (Jan. 11) that it inked a partnership with AutoFi, the FinTech auto lending company. 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...
Firms that lend money to mid-sized businesses in the U.S. are growing worried about the levels of debt these companies have compared to a year ago. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
