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)

Coinbase Unveils Crypto Lending for Institutional Investors
Coinbase Unveils Crypto Lending for Institutional Investors
September 06, 2023  |  Cryptocurrency

Cryptocurrency exchange Coinbase says it is rolling out a digital asset lending program for its institutional Prime clients.  In an announcement provided to PYMNTS Wednesday (Sept. 6),...

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Momnt Raises $15 Million to Grow Lending and Financing Platform
Momnt Raises $15 Million to Grow Lending and Financing Platform
September 06, 2023  |  Investments

Atlanta-based FinTech company Momnt has raised $15 million to grow its lending and financing platform. Since its launch in 2020, Momnt has expanded its presence in the...

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Home Trust Offers Mortgage Clients Digital Banking Via Platform
Home Trust Offers Mortgage Clients Digital Banking Via Platform
September 05, 2023  |  Real Estate

FinTech firm ebankIT, in collaboration with Home Trust, launched a digital platform to offer seamless and integrated user experiences to Home Trust’s mortgage clients, according...

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Not Knowing How to Measure Data’s Effectiveness Holds Small Business Lenders Back
Not Knowing How to Measure Data’s Effectiveness Holds Small Business Lenders Back
August 29, 2023  |  SMBs

Small- to medium-sized businesses are tough. “It’s a resilient sector made up of business segments that are seeing strong growth,” Hicham Oudghiri, co-founder and CEO of Enigma...

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FinTechs Throw Lifeline to Subprime-Borrowing Consumers
FinTechs Throw Lifeline to Subprime-Borrowing Consumers
August 28, 2023  |  Loans

Consumers with low credit scores may find assistance in their uphill battle toward greater financial security. Financial stumbles may have long-lasting impacts on consumers whose...

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Fed Data Shows Pressure Building in Consumer Lending
Fed Data Shows Pressure Building in Consumer Lending
August 24, 2023  |  Debt

The Federal Reserve’s latest data on how loan performance at all banks is faring found pockets of resilience — and, perhaps, pockets of concern. Household debt has...

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CFPB Targets Heights Finance for Alleged Illegal Loan Churning
CFPB Targets Heights Finance for Alleged Illegal Loan Churning
August 22, 2023  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Heights Finance Holding, formerly known as Southern Management, and several of its subsidiaries, charging they have engaged...

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38% of Small Businesses Turn To Personal Funding Sources in Revenue Crunch
38% of Small Businesses Turn To Personal Funding Sources in Revenue Crunch
August 21, 2023  |  Commercial Payments

Three-quarters of Main Street businesses say they would close within 60 days of a cash crunch.  Consumer spending may be up, but so are prices, forcing consumers to...

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Versatile Credit, Nationwide Marketing Group, Wells Fargo Launch Financing Portal
Versatile Credit, Nationwide Marketing Group, Wells Fargo Launch Financing Portal
August 15, 2023  |  Consumer Finance

Versatile Credit, Nationwide Marketing Group (NMG) and Wells Fargo have partnered to launch The Finance Hub, a consumer financing portal for merchants. This new collaboration provides a comprehensive, tailored...

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