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

CFPB Ombudsman Quits, Says Bureau ‘Abandoned’ Consumers

CFPB Ombudsman Quits, Says Bureau ‘Abandoned’ Consumers
CFPB Ombudsman Quits, Says Bureau ‘Abandoned’ Consumers
August 28, 2018  |  CFPB

Seth Frotman, an assistant director and student loan ombudsman for the Consumer Financial Protection Bureau (CFPB), had some harsh words for acting CFPB Director Mick Mulvaney...

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AltFin’s Next Hurdle: The Small Business Relationship
AltFin’s Next Hurdle: The Small Business Relationship
August 24, 2018  |  B2B Payments

A lack of access to funding may have opened the doors for alternative finance, but AltFin’s ability to quickly innovate and provide digital services —...

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Goldman Sachs’ Marcus Jumps Across The Pond
Goldman Sachs’ Marcus Jumps Across The Pond
August 24, 2018  |  Banking

Goldman Sachs, the Wall Street investment firm, rolled out its consumer bank Marcus in the U.K. Thursday (Aug. 23) offering what the Financial Times said...

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Laplanche’s Upgrade Raises $62M To Reinvent Consumer Credit
Laplanche’s Upgrade Raises $62M To Reinvent Consumer Credit
August 23, 2018  |  Loans

When Renaud Laplanche founded LendingClub 12 years ago in 2006, the lending landscape was a very different place. Most consumer and business lending was done...

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Zillow’s Slow Roll To A Real Estate Ecosystem
Zillow’s Slow Roll To A Real Estate Ecosystem
August 15, 2018  |  Ecosystems

Not so long ago, shopping for a new home was a very boot-on-the-ground type of process. If one wanted to idly peruse local real estate...

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Wells Considers Lending To Students With Government Debt
Wells Considers Lending To Students With Government Debt
August 14, 2018  |  Loans

Wells Fargo might give its shrinking student lending business a boost by focusing on borrowers with U.S. government loans. The lender would offer loans to...

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Fintechs Are Going After Borrowers With Poor Credit
Fintechs Are Going After Borrowers With Poor Credit
August 14, 2018  |  Consumer Finance

FinTechs are going after another financial market void, this time providing loans to customers with low credit scores. Get the Full Story Complete the form...

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Marketplace Lending And Curbside Delivery Sizzle, Ridesharing Fizzles
Marketplace Lending And Curbside Delivery Sizzle, Ridesharing Fizzles
August 10, 2018  |  Sizzle/Fizzle

The biggest story this week in grocery came, as it often does, care of the new Whole Foods Market as operated by Amazon. Curbside delivery...

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Visa, Mastercard Cut Canadian Interchange Fees
Visa, Mastercard Cut Canadian Interchange Fees
August 10, 2018  |  International

Visa and Mastercard have agreed to cut Canadian credit card transaction fees, which could save smaller businesses (SMBs) C$250 million ($192 million) a year. The...

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