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

PayPal: 2021 Was the Year of Reinvention

PayPal: 2021 Was the Year of Reinvention
PayPal: 2021 Was the Year of Reinvention
January 05, 2022  |  Opinion

Last year brought the digital divide into sharp focus, Doug Bland, PayPal senior vice president, Global Credit and Financial Services tells PYMNTS, noting that businesses...

READ MORE >
LendingClub Reorganizes to Focus on ‘Everyday’ Americans
LendingClub Reorganizes to Focus on ‘Everyday’ Americans
January 04, 2022  |  Banking

LendingClub won’t be going forward with several business operations in 2022, including its yacht loan business, according to CEO Scott Sanborn. Get the Full Story...

READ MORE >
Rocket’s Truebill Acquisition Aimed at Getting Beyond ‘Episodic’ Mortgage Relationships
Rocket’s Truebill Acquisition Aimed at Getting Beyond ‘Episodic’ Mortgage Relationships
January 04, 2022  |  Loans

When the parent of Rocket Mortgage announced late last month it was spending roughly $1.3 billion in cash to purchase the personal finance site Truebill and...

READ MORE >
The Open Banking Opportunity at the Intersection of Data and Payments
The Open Banking Opportunity at the Intersection of Data and Payments
January 03, 2022  |  Digital Banking

Open banking may be seen as a buzzword in the banking and payment industries. Get the Full Story Complete the form to unlock this article...

READ MORE >
DeFi Lending Protocol Aave Takes Real World Assets As Collateral
DeFi Lending Protocol Aave Takes Real World Assets As Collateral
December 28, 2021  |  Loans

For all the talk of DeFi changing the financial world forever, the reality is that decentralized finance is largely a closed system. For the most...

READ MORE >
PayCargo Capital, Evolve Bank & Trust Offer Funding to Freight Forwarders, Cargo Owners
PayCargo Capital, Evolve Bank & Trust Offer Funding to Freight Forwarders, Cargo Owners
December 22, 2021  |  Transportation

PayCargo Capital has partnered on lending with FinTech Evolve Bank and Trust to allow freight forwarders and cargo owners to apply for and get credit...

READ MORE >
CFPB Shuts Down LendUp’s New Loan Business, Fines FinTech
CFPB Shuts Down LendUp’s New Loan Business, Fines FinTech
December 21, 2021  |  CFPB

The Consumer Finance Protection Bureau (CFPB) has said LendUp Loans has to pay a $100,000 penalty, stop issuing loans and stop collecting some outstanding ones...

READ MORE >
Ex-Olympian Allison Baver Accused of $10M in PPP Fraud
Ex-Olympian Allison Baver Accused of $10M in PPP Fraud
December 17, 2021  |  Security & Fraud

Federal prosecutors say that a former Olympic speed skater fraudulently obtained $10 million in COVID relief funds, using some of that money to finance a...

READ MORE >
Student Loan Payment ‘Restart’ Adds Pressure for Paycheck-to-Paycheck Consumers 
Student Loan Payment ‘Restart’ Adds Pressure for Paycheck-to-Paycheck Consumers 
December 17, 2021  |  Loans

February 2022 looms as a red-letter month for individuals and consumers with student loans – and, by extension, signals pressure for paycheck-to-paycheck consumers. Get the...

READ MORE >