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

Method Raises $41.5 Million to Build Consumer-Permissioned Financial Connectivity
Method Raises $41.5 Million to Build Consumer-Permissioned Financial Connectivity
January 23, 2025  |  Investments

Method Financial has raised $41.5 million in a Series B funding round to continue building its solution for consumer-permissioned financial connectivity and expanding it to...

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UK’s FCA Proposes Removing Contactless Limit to Allow ‘Greater Flexibility’
UK’s FCA Proposes Removing Contactless Limit to Allow ‘Greater Flexibility’
January 22, 2025  |  Regulation

The U.K.’s Financial Conduct Authority may remove the 100-pound (about $123) contactless limit and “set new digital service standards” as part of its efforts to...

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JPMorgan COO Pinto: Private Credit Small Business Lending Needs Monitoring
JPMorgan COO Pinto: Private Credit Small Business Lending Needs Monitoring
January 22, 2025  |  SMBs

J.P. Morgan Chase President and Chief Operating Officer Daniel Pinto is calling for more focus on relationships between small businesses and private credit providers. Get...

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CFPB: Mortgage Servicers Must Send Periodic Statements to Homeowners
CFPB: Mortgage Servicers Must Send Periodic Statements to Homeowners
January 20, 2025  |  CFPB

The Consumer Financial Protection Bureau said Friday (Jan. 17) it is monitoring the market to ensure that mortgage servicers don’t attempt to evade federal consumer...

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Regions Bank Q4 Sees Growth in Digital Transactions and Treasury Management
Regions Bank Q4 Sees Growth in Digital Transactions and Treasury Management
January 17, 2025  |  Earnings

Regions Financial Corp.’s fourth-quarter results detailed digital transactions are gaining ground among a user base that is turning to mobile and online channels for everyday...

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CFPB: Home Loan Protection Laws Apply to Home Equity Contracts
CFPB: Home Loan Protection Laws Apply to Home Equity Contracts
January 15, 2025  |  CFPB

Mortgage lenders offering home equity contracts must comply with laws like the Truth in Lending Act, according to the Consumer Financial Protection Bureau. Get the...

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TransUnion Set to Acquire Credit Prequalification Firm Monevo
TransUnion Set to Acquire Credit Prequalification Firm Monevo
January 08, 2025  |  Acquisitions

TransUnion says it plans to acquire British credit prequalification/distribution platform Monevo. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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CFPB Bans Medical Debt From Consumer Credit Reports
CFPB Bans Medical Debt From Consumer Credit Reports
January 07, 2025  |  Debt

Medical debt will no longer appear on consumers’ credit reports under a new government rule. Get the Full Story Complete the form to unlock this...

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Eltropy Adds ‘People-First’ Collections Technology With Acquisition of Lexop
Eltropy Adds ‘People-First’ Collections Technology With Acquisition of Lexop
January 06, 2025  |  Acquisitions

Eltropy acquired Lexop, saying the combination of the companies’ technologies will help community financial institutions (CFIs) reduce and prevent delinquencies, collect faster and enhance borrower...

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