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 to Issue FAQs Helping BNPL Lenders Comply With Laws

CFPB to Issue FAQs Helping BNPL Lenders Comply With Laws
CFPB to Issue FAQs Helping BNPL Lenders Comply With Laws
August 23, 2024  |  BNPL

Buy now, pay later (BNPL) lenders will soon be able to access a set of frequently asked questions (FAQs) to help them comply with federal...

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White House Working Capital Program Targets Small Business Stability Through 2027
White House Working Capital Program Targets Small Business Stability Through 2027
August 15, 2024  |  SMBs

Access to working capital is critical for the survival and growth of small businesses. Get the Full Story Complete the form to unlock this article...

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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  |  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  |  Legal & 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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