Lending

In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations etc. The recipient incurs a debt, and is usually liable to pay interest on that debt until it is repaid, and also to repay the principal amount borrowed.

Source: en.wikipedia.org

PPP Round Two: New Loans Top $72.7 Billion In January

PPP Round Two: New Loans Top $72.7 Billion In January
PPP Round Two: New Loans Top $72.7 Billion In January
February 02, 2021  |  Loans

A new report from the Small Business Administration (SBA) found that there were $72.7 billion in Paycheck Protection Program (PPP) loans distributed in the month...

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Inspector General Wants Answers From Mnuchin, Cruz On Pandemic Lending Program
Inspector General Wants Answers From Mnuchin, Cruz On Pandemic Lending Program
February 01, 2021  |  Loans

Former Treasury Secretary Steven Mnuchin and Texas Sen. Ted Cruz are the subjects of a pair of watchdog investigations, Bloomberg reported. Get the Full Story...

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Stimulus Essentials: A Week Of Congressional Negotiations Begins
Stimulus Essentials: A Week Of Congressional Negotiations Begins
February 01, 2021  |  Economy

A new presidential administration has begun, a new House and Senate have been sworn in, and more stimulus, it seems, is going out. How much...

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Temenos Unveils Revamped B2B Lending Platform For Banks
Temenos Unveils Revamped B2B Lending Platform For Banks
January 28, 2021  |  B2B Payments

Banking technology company Temenos revealed a “next-generation” business lending system, which was created to assist financial institutions (FIs) in digitally transforming their corporate banking business,...

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ECB Concerned That Euro Banks Are Unprepared For Spate Of Bad Loans
ECB Concerned That Euro Banks Are Unprepared For Spate Of Bad Loans
January 28, 2021  |  Loans

The European Central Bank (ECB) is concerned that regional banks are not setting aside as much money as other countries to cover loan losses stemming...

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Banks Brace For New Competitive Forces In Commercial Lending
Banks Brace For New Competitive Forces In Commercial Lending
January 28, 2021  |  B2B Payments

Though traditional financial institutions have faced a surge in market pressure to digitize as new FinTech competitors emerge, there are still plenty of areas in...

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Stilt Raises $100 Million To Fuel Immigrant Loans
Stilt Raises $100 Million To Fuel Immigrant Loans
January 27, 2021  |  Investments

Stilt, which works in financial services for immigrants, has raised a $100 million warehouse facility from Silicon Valley Bank, according to a press release. Get...

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Mortgage Lender LoanDepot Seeking Over $300 Million In IPO
Mortgage Lender LoanDepot Seeking Over $300 Million In IPO
January 27, 2021  |  IPO

LoanDepot will be seeking as much as $315 million in its initial public offering (IPO), according to a Securities and Exchange Commission (SEC) filing. Get...

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Jack Henry To Offer Tech Platform For Consumer Loans
Jack Henry To Offer Tech Platform For Consumer Loans
January 27, 2021  |  Consumer Finance

Jack Henry & Associates, which offers a technology platform for financial institutions (FIs), is branching out with a new line of business, dubbed Jack Henry...

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