consumer loans

Personal loans are typically unsecured loans that consumers can use for a variety of different purchases. Unlike mortgages or car loans, which are used to specifically buy houses and cars, someone can use personal loans to do just about anything, from improving their homes to investing in a small business. Personal loans typically have fixed payments and lower interest rates than other types of consumer loans, like credit cards.

(source: lendingtree.com)

LendingClub Offers Same-Day Loan Settlements
LendingClub Offers Same-Day Loan Settlements
October 10, 2019  |  Loans

LendingClub, an online marketplace that connects borrowers and investors, has launched a new marketplace called LCX with the intention of drawing a larger swath of...

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Affirm Looks To Raise $1.5B On $3B Valuation
Affirm Looks To Raise $1.5B On $3B Valuation
September 12, 2019  |  Innovation

Affirm, a FinTech that offers customers payment plans at the point of sale, is reportedly looking to raise around $1.5 billion in a debt and...

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CFPB Asks Congress For Authority To Oversee Military Lending Act Compliance
CFPB Asks Congress For Authority To Oversee Military Lending Act Compliance
January 18, 2019  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has asked the United States Congress for the authority to supervise compliance of the Military Lending Act (MLA), the...

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Auto Sub-Prime Loans Reach Lowest Level In 11 Years
Auto Sub-Prime Loans Reach Lowest Level In 11 Years
December 07, 2018  |  Loans

A new report has revealed that auto sub-prime loans have reached their lowest level in 11 years. According to Experian’s Q3 2018 State of the...

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PeopleFund Notches $11M In Series B Round
PeopleFund Notches $11M In Series B Round
November 02, 2018  |  Investments

In a Kakao Pay-led Series B round, peer-to-peer (P2P) lending platform PeopleFund took in $11 million in funding. The South Korean company, which was started...

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US Bank Launches Loan To Compete With Payday Lenders
US Bank Launches Loan To Compete With Payday Lenders
September 11, 2018  |  Alternative Finances

U.S. Bank is entering the small-dollar lending arena. Going forward, U.S. Bank depositors will be able to tap into an online, digital lending product aimed...

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Diwali Red Letter Days For Google, Flipkart And Amazon In India’s eCommerce Battle
Diwali Red Letter Days For Google, Flipkart And Amazon In India’s eCommerce Battle
August 30, 2018  |  International

Berkshire and the Paytm investment may be just a sign of the times. The eCommerce war in India is heating up, with a number of...

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Google Pairs With Indian Banks On Consumer Loans
Google Pairs With Indian Banks On Consumer Loans
August 29, 2018  |  Google

Google has announced that it is partnering with select Indian banks to offer consumers instant, pre-approved loans via Google Pay (formerly known as Tez). Last year,...

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Key Takeaways From Fed As Consumer Credit Pace Moderates In June
Key Takeaways From Fed As Consumer Credit Pace Moderates In June
August 08, 2018  |  Consumer Finance

The Federal Reserve released numbers this week that showed an annual percentage rate increase of 3.1 percent as measured in June, a moderated pace from...

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