Watch more: Concora Credit Exec on Giving Credit Infrastructure a Data-Driven Overhaul When federal agencies dial back funding for statistical programs, or when traditional credit bureau files run thin, where do banks and FinTechs turn for insights? Increasingly, the answer lies in alternative data. “We...
Long-term car loans are reportedly becoming more common and creating risks for both buyers and sellers. Six-year loans are now the most common form of new-vehicle financing, accounting for 36.1% of loans in the second quarter, Bloomberg reported Monday (Aug. 25), citing data from Edmunds.com....
It was Aristotle who said: “The roots of education are bitter, but the fruit is sweet.” It could be a headline for the latest paycheck-to-paycheck study from PYMNTS, which found a mix of regret and pride among the parents and students who have gone into...
Only one-third of the Americans receiving student loan bills are paying them. So said Bloomberg in a report published Monday (Aug. 11), which cited an April estimate by the Department of Education and added that a collective $1.6 trillion in student loans are owed by Americans. Some...
PYMNTS Intelligence has long chronicled the challenges facing smaller firms navigating the storms of economic volatility. Capital, of course, offers up a buffer against the turbulence, and capital can be hard to come by. As a result, and as tariffs started to take root this...
Investment management giant BlackRock has inked a new agreement with financial services company LendingClub. This arrangement, announced in a news release Tuesday (Aug.) will see funds and accounts managed by BlackRock advisors invest up to $1 billion through LendingClub’s marketplace programs through next year. Clarke Roberts, senior vice president and...
The U.K.’s financial watchdog says lenders need to make online loan applications easier to understand. The Financial Conduct Authority (FCA) said Thursday (July 31) that a review found room for improvement to the online application processes to help potential borrowers make informed decisions on their finances. “Online and app-based...
Watch more: The Embedded Lending Shift: From Trend to Infrastructure Embedded lending can be a key driver for merchants seeking to enhance sales momentum across channels, but they need sophisticated infrastructure that enables sender coordination and optimized approvals for every credit profile. Meidad Sharon, founder...
RadCred added an expanded soft-pull pre-qualification flow to its online loan marketplace. The offering is meant to meet the needs of borrowers who have poor credit scores, the company said in a Friday (July 25) press release. The solution uses a soft credit check; shows...