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 Bans Enova From Offering Certain Consumer Loans
CFPB Bans Enova From Offering Certain Consumer Loans
November 15, 2023  |  Legal & Regulation

The Consumer Financial Protection Bureau (CFPB) has ordered online lender Enova International to pay a $15 million penalty, banned it from offering certain consumer loans...

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Buy Now, Pay Later Thrives Despite Rising Interest Rates
Buy Now, Pay Later Thrives Despite Rising Interest Rates
November 09, 2023  |  BNPL

Buy now, pay later (BNPL) company Affirm continues to see demand from investors, reportedly defying earlier concerns about rising interest rates affecting all BNPL lenders. Unlike traditional...

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Federal Reserve Survey Reveals Tightened Lending Standards and Weaker Demand
Federal Reserve Survey Reveals Tightened Lending Standards and Weaker Demand
November 06, 2023  |  Economy

Lending standards have tightened and demand has weakened in the third quarter of 2023, according to the Federal Reserve’s October Senior Loan Officer Opinion Survey...

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PayPal and Block Results Show Small Business Lending Activity Tightening
PayPal and Block Results Show Small Business Lending Activity Tightening
November 03, 2023  |  Earnings

Earnings season, moving into its final few weeks, may seemingly be dominated by headlines about consumer spending. But dig a bit deeper, and details emerge...

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What Are the Best Tactics to Improve Credit Scores? 
What Are the Best Tactics to Improve Credit Scores? 
November 02, 2023  |  Consumer Finance

Generally speaking, the higher your credit score, the more favorable interest rates and terms you can benefit from when getting a loan.  The scoring model...

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Figure Increases Lending Services with LaaS Platform Expansion
Figure Increases Lending Services with LaaS Platform Expansion
November 01, 2023  |  Loans

Figure Lending LLC and Figure Technologies announced Wednesday (Nov. 1) an expansion of their partnership business, which includes an increased offering under the Lending-as-a-Service (LaaS) platform. ...

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Personalization Helps Credit Unions Out-Compete Banks on Lending
Personalization Helps Credit Unions Out-Compete Banks on Lending
November 01, 2023  |  Credit Unions

You can’t have a successful business, no matter the business, if you don’t attract customers. When it comes to today’s world of evolving financial markets...

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Digital Innovations Help Cash-Strapped Small Businesses Find Best-Fit Funding Solutions
Digital Innovations Help Cash-Strapped Small Businesses Find Best-Fit Funding Solutions
October 31, 2023  |  SMBs

The past few years have been full of challenges for small- to medium-sized businesses (SMBs). “It is definitely a perfect storm, and not in a...

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SoFi Student Loan Originations Soar 101% Year Over Year as Repayments Resume
SoFi Student Loan Originations Soar 101% Year Over Year as Repayments Resume
October 30, 2023  |  Loans

SoFi earnings lauded a surge in student loan demand ahead of repayments that resumed this fall, marking its highest quarterly pace of originations in more...

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