Source: en.wikipedia.org
Installment lending was once framed as a way to broaden access to credit. According to a PYMNTS Intelligence April report, “The Pay Later Data Shift:...
Lending by banks to businesses in the U.K. has reportedly reached a 28-year low. That’s according to a report Monday (May 25) from the Financial...
SoFi has acquired Peach Finance, a lending infrastructure startup specializing in loan servicing software. The acquisition expands SoFi’s enterprise technology capabilities, according to a Thursday...
Subprime consumers are navigating the credit markets through a mix of installments, informal borrowing and carefully managed payment behavior that traditional scoring models do not...
Credit products are becoming more configurable, more installment-oriented and more closely tied to real-time consumer behavior. The shift is forcing issuers to rethink the infrastructure...
OppFi saw its total net originations decrease 7% in the first quarter as the company tightened credit and as larger tax refunds reduced its customers’...
LoanDepot’s investment in digital transformation and other growth and efficiency initiatives delivered positive results in the first quarter, Founder and CEO Anthony Hsieh said Tuesday...
The Securities and Exchange Commission (SEC) is investigating allegations of fraud in private credit markets, the agency’s chairman said Monday (May 4). Speaking at the...
New data finds that federally chartered lenders are electing to become covered savings associations (CSAs). As the Federal Reserve Bank of Cleveland noted in a...