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

Debt Consolidation FinTech Tally Shuts Down Amid Funding Drought

Debt Consolidation FinTech Tally Shuts Down Amid Funding Drought
Debt Consolidation FinTech Tally Shuts Down Amid Funding Drought
August 14, 2024  |  Debt

On its face, the shuttering of Tally, a FinTech focused on helping consumers manage credit card debt, offers a snapshot of how tough fundraising is...

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Mastercard Debuts Enhancements to Open Banking Program
Mastercard Debuts Enhancements to Open Banking Program
August 13, 2024  |  Mastercard

Mastercard is upgrading its open banking for lending program, powered by employment/income verifier Argyle. Get the Full Story Complete the form to unlock this article...

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Neobanks Bet on Direct Deposits to Keep Fickle Consumers Sticky
Neobanks Bet on Direct Deposits to Keep Fickle Consumers Sticky
August 08, 2024  |  Digital Banking

For platforms and neobanks, establishing direct deposits with end users offers an on-ramp to cross-selling opportunities and a wealth of additional revenue streams. Get the...

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CFPB to Crack Down on ‘Predatory’ Lending in Solar Industry
CFPB to Crack Down on ‘Predatory’ Lending in Solar Industry
August 07, 2024  |  Regulation

The Consumer Financial Protection Bureau (CFPB) released an issue spotlight and a consumer advisory about “predatory” lending related to solar panel installations and said it...

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Zest AI Launches Fraud Detection Solution
Zest AI Launches Fraud Detection Solution
August 07, 2024  |  Artificial Intelligence

Zest AI unveiled a tool to identify fraudulent activity during the loan decisioning process. Get the Full Story Complete the form to unlock this article...

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BMG Money, WebBank Team to Offer Employment-Based Loans
BMG Money, WebBank Team to Offer Employment-Based Loans
August 06, 2024  |  Partnerships

Salt Lake City, Utah-based WebBank is teaming up with BMG Money to expand access to lower-cost loans. Get the Full Story Complete the form to unlock...

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Embracing a Specialist Approach Helps Lenders Overcome Small Business Difficulties
Embracing a Specialist Approach Helps Lenders Overcome Small Business Difficulties
August 01, 2024  |  SMBs

Small businesses represent 99.9% of American firms, yet effectively financing them remains an ongoing challenge. Get the Full Story Complete the form to unlock this...

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BNPL Firms’ New Regulatory Reality Unclear as CFPB’s Commentary Period Closes
BNPL Firms’ New Regulatory Reality Unclear as CFPB’s Commentary Period Closes
August 01, 2024  |  BNPL

The comments are in. The battle lines have been drawn. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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Synapse Financial Credit Division Loses Lending License
Synapse Financial Credit Division Loses Lending License
July 30, 2024  |  Regulation

Warren Buffett once remarked that it’s when the tide goes out that you find out who’s been swimming naked. Get the Full Story Complete the...

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