loans

Upstart Plunges as Rising Interest Rates Crush Loan Demand

Upstart Plunges as Rising Interest Rates Crush Loan Demand
Upstart Plunges as Rising Interest Rates Crush Loan Demand
November 09, 2022  |  Loans

Shares of AI-lending platform Upstart plunged more than 20% Tuesday (Nov 8) evening after the company said rising interest rates and a slowing economy saw...

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Subprime Auto Loan Bond Delinquency Rate at 5.13% in October
Subprime Auto Loan Bond Delinquency Rate at 5.13% in October
November 08, 2022  |  Loans

The percentage of subprime auto loan borrowers who have fallen behind on payments has risen by more than a percentage point over the last year. ...

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New Zealand Creates Protections for BNPL Users
New Zealand Creates Protections for BNPL Users
November 02, 2022  |  BNPL

New Zealand has joined a growing list of nations creating regulations to protect consumers taking part in the country’s $1.7 billion buy now, pay later...

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Some Student Loan Borrowers Get Refunds for Payments in Pandemic
Some Student Loan Borrowers Get Refunds for Payments in Pandemic
November 01, 2022  |  Loans

Despite a legal challenge to its student loan forgiveness program, the federal government is reportedly sending refund checks for student loan payments that borrowers made...

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Lendbuzz Secures $150M Credit Facility to Expand Number of Auto Loans
Lendbuzz Secures $150M Credit Facility to Expand Number of Auto Loans
November 01, 2022  |  Loans

Auto finance platform Lendbuzz has secured a $150 million credit facility from J.P. Morgan and will use it to help expand the number of borrowers...

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Intuit Pauses Hiring at Credit Karma as Lending Activity Slows
Intuit Pauses Hiring at Credit Karma as Lending Activity Slows
November 01, 2022  |  Economy

Intuit has reportedly paused hiring at its Credit Karma unit, with all new hiring to be paused but with no pay cuts and with employees...

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Amazon Offers Sellers New Source of Growth Capital
Amazon Offers Sellers New Source of Growth Capital
November 01, 2022  |  Amazon

Amazon has debuted a cash advance solution for merchants selling on its site as small businesses seek more sources of growth capital. Get the Full...

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National Funding Names Rob Rosenblatt to Head Digital Lending Division
National Funding Names Rob Rosenblatt to Head Digital Lending Division
November 01, 2022  |  Personnel

Aiming to serve significantly more small businesses, specialty finance company National Funding has hired Rob Rosenblatt as president of its new digital lending division, called...

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