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

EU Lawmakers Agree on Rules to Limit Credit Card Debt, Overdrafts

EU Lawmakers Agree on Rules to Limit Credit Card Debt, Overdrafts
EU Lawmakers Agree on Rules to Limit Credit Card Debt, Overdrafts
July 14, 2022  |  Legal & Regulation

The European Parliament‘s (EP) Internal Market and Consumer Protection Committee almost unanimously approved on Tuesday (July 12) the new EU rules that, according to lawmakers,...

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TurnKey Lender Raises $10M, Names Board Chair
TurnKey Lender Raises $10M, Names Board Chair
July 14, 2022  |  B2B Payments

B2B Software-as-a-Service (SaaS) company TurnKey Lender announced Thursday (July 14) it had raised $10 million in new funding and appointed a new board chairman. Get...

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JPMorgan Ups Loan Loss Reserves Amid Uncertain Consumer Outlook
JPMorgan Ups Loan Loss Reserves Amid Uncertain Consumer Outlook
July 14, 2022  |  Earnings

JPMorgan Chase set aside $428 million in additional funds to cover bad loans and also temporarily shelved share buybacks as the country’s biggest bank posted...

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Masa Finance Founder Believes Crypto Credit Scores Are DeFi’s Great Equalizer
Masa Finance Founder Believes Crypto Credit Scores Are DeFi’s Great Equalizer
July 11, 2022  |  Cryptocurrency

If you took the collateral out of decentralized lending, you’d have something not only potentially useful, but scalable into the real economy. Get the Full...

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Community Loans Plug Funding Hole for Africa’s Mobile Money Agents
Community Loans Plug Funding Hole for Africa’s Mobile Money Agents
July 11, 2022  |  Financial Inclusion

Whether it’s offering bill payments, airtime recharge, funds transfer or remittance services to customers, mobile money agents play a pivotal role in providing access to...

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B2B Marketplace TradeIndia Launches Loan Service for MSMEs
B2B Marketplace TradeIndia Launches Loan Service for MSMEs
July 10, 2022  |  B2B Payments

New Delhi-based B2B marketplace TradeIndia has rolled out TradeIndia Lending (TI Lending), a new loan service for micro-, small- and medium-sized enterprises (MSMEs), according to...

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Today in the Connected Economy: Volkswagen, Comdata Launch Fleet Management Card
Today in the Connected Economy: Volkswagen, Comdata Launch Fleet Management Card
July 08, 2022  |  Connected Economy

Today in the connected economy, Volkswagen partners with payment processor and fleet fuel card issuer Comdata to improve fleet management operations. Plus, digital, on-demand, convenience...

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Today in FinTech: Banking Circle to Add USDC; Tillable Expands Farm Loans
Today in FinTech: Banking Circle to Add USDC; Tillable Expands Farm Loans
July 08, 2022  |  Technology

In today’s FinTech news, Banking Circle is adopting USD Coin (USDC), while farming loan platform Tillable is growing its lending program. Plus, decentralized finance (DeFi)...

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