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

Amex Partners With Better, Rocket Mortgage On Home Loans

Amex Partners With Better, Rocket Mortgage On Home Loans
Amex Partners With Better, Rocket Mortgage On Home Loans
June 30, 2021  |  Loans

Those looking to get home loans will now be able to do so through American Express (Amex) and its new partnership with two FinTechs, Better...

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Data Helps De-Stress The Consumer’s Lending, Borrow, Savings Process
Data Helps De-Stress The Consumer’s Lending, Borrow, Savings Process
June 30, 2021  |  Banking

“Bank is no longer a place you go — it’s a thing you do,” LendingClub Financial Health Officer Anuj Nayar told PYMNTS in an interview....

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‘Rent A Bank’ Fades For Payday Lenders, FIs Step In On Short-Term Loans 
‘Rent A Bank’ Fades For Payday Lenders, FIs Step In On Short-Term Loans 
June 25, 2021  |  Legal & Regulation

The regulatory gaze on payday lending is tightening. To that end, as reported by the Associated Press, Congress has voted to overturn Trump-era regulations that...

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NXTsoft, Upstart Partnership Aims To Bring AI To More Lenders
NXTsoft, Upstart Partnership Aims To Bring AI To More Lenders
June 23, 2021  |  Artificial Intelligence

NXTsoft, which provides API connectivity for banks and FinTechs, announced on Wednesday (June 23) that it has formed a partnership with the artificial intelligence (AI)...

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New Jersey’s Cross River Bank Picks Up Analytics Company PeerIQ
New Jersey’s Cross River Bank Picks Up Analytics Company PeerIQ
June 23, 2021  |  Partnerships

CRB Group has acquired PeerIQ, a data and risk analytics company that helps lending institutions analyze, assess and manage risk. CRB, based in Fort Lee,...

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Non-Bank Lenders Leading The Mortgage Race
Non-Bank Lenders Leading The Mortgage Race
June 22, 2021  |  Loans

Last year was a record year for Americans taking out mortgages. And as The Wall Street Journal reported Tuesday (June 22), most of those mortgages...

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Avant CEO: Near-Prime Consumers Aren’t As Risky As Incomplete Data Suggests
Avant CEO: Near-Prime Consumers Aren’t As Risky As Incomplete Data Suggests
June 17, 2021  |  Risk Management

The last 16 or so months has triggered a full reset of almost every part of consumers’ lives, as they were forced to rewire themselves to...

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New Report: 53 Pct Of Upper-Income Americans Live Paycheck-To-Paycheck
New Report: 53 Pct Of Upper-Income Americans Live Paycheck-To-Paycheck
June 15, 2021  |  Consumer Finance

Living paycheck to paycheck is sometimes seen as synonymous with being poor, an unfortunate but relatively uncommon circumstance. In fact, it is far more widespread...

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