Source: en.wikipedia.org
The Consumer Financial Protection Bureau and the Department of Justice withdrew a 2023 joint statement that warned lenders not to look at an applicant’s immigration...
For millions of individuals in the U.S., exclusion from credit markets has less to do with repayment risk than with how creditworthiness has traditionally been...
Experian made its commercial data information available through its Ascend platform. The move offers “in-depth, granular information on the borrowing and repayment history” of more...
Since 2010, auto loans have gone from being the safest credit products to the riskiest. VantageScore Chief Economist Rikard Bandebo discussed the country’s record-high auto...
Mastercard and LoanPro plan to launch a program that will enable lenders to deliver installment loans through virtual and physical cards. The Loan on Card...
PayPal said it is ready to venture deeper into small business lending. The company applied to the Utah Department of Financial Institutions and the Federal...
Vehicle-focused lending platform Octane has raised $100 million in equity capital. The Series F funding round allows Octane to accelerate its market penetration and deepen...
The rise of so-called “alternative consumer lending” has made loans tougher to track. As The Wall Street Journal (WSJ) reported Tuesday (Dec. 9), private credit has exploded...
Private credit has moved into the financial mainstream, recently estimated at $2 trillion in outstanding loans and investments that support companies across a wide range...