Capital One Financial Corp. is getting out of the mortgage origination and home equity business, while continuing to service their existing and pending home loans, because of competition that made it too hard for the unit to turn a profit. Get the Full Story Complete...
German car manufacturer Volkswagen (VW) has confirmed it is in the process of applying for a U.K. banking license that will enable it to continue providing financing to car buyers after Britain leaves the EU. Get the Full Story Complete the form to unlock this article...
The country’s largest banks, JPMorgan Chase & Co., Bank of America and Citigroup, are reducing loans to retailers at a time when the industry is also facing doubts from bond investors. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
A growing number of potential U.S. homebuyers are turning to alternative lenders to purchase their dream homes. 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...
Reuters reported that bad debt continues to linger on Indian banks’ balance sheets. On Tuesday (Oct. 10), the newswire said that the souring loans totaled 9.5 trillion rupees, which translates into $145.56 billion. That data was compiled at the end of June. Get the Full...
With millions of Americans shackled by massive student loan debt, one home lender is trying to entice potential buyers by paying off a chunk of their student loans when they purchase a home. Get the Full Story Complete the form to unlock this article and...
ƒFord Motor Credit Co. the financing arm of the vehicle manufacturer, announced Friday (Aug. 25) that it will implement machine learning credit approval models to determine if it will lend a consumer money as it goes after a segment of the market that doesn’t have...
Daimler Financial Services, the banking and finance unit of German car maker Daimler, is on track for another record year thanks to new 2017 leasing and financing contracts for loans. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Lendio, a free online service that helps business owners find the right small business loans within minutes, announced it has helped facilitate more than $500 million in financing to more than 21,000 small businesses across the U.S. Get the Full Story Complete the form to...
