loans

Nova Credit to Supply Consumer-Permissioned Cash Flow Data to SoFi

Nova Credit to Supply Consumer-Permissioned Cash Flow Data to SoFi
Nova Credit to Supply Consumer-Permissioned Cash Flow Data to SoFi
October 15, 2024  |  Data & Research

Digital financial services provider SoFi will leverage credit infrastructure and analytics firm Nova Credit’s consumer-permissioned data and analytics solution, Cash Atlas, to bolster its loan...

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SoFi Gets $2 Billion to Expand Its Loan Platform Business
SoFi Gets $2 Billion to Expand Its Loan Platform Business
October 14, 2024  |  Investments

Personal finance company SoFi is expanding its loan platform with a new $2 billion investment. The new “loan platform business agreement,” announced Monday (Oct. 14), is based on funds...

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JPMorgan CFO Says Consumer Spend Returning to ‘Normal’
JPMorgan CFO Says Consumer Spend Returning to ‘Normal’
October 11, 2024  |  Earnings

As 2024 draws to a close, and as evidenced by management remarks and data in the latest earnings results from JPMorgan Chase, posted on Friday...

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CFPB Accuses Ejudicate of Conducting ‘Sham’ Student Loan Arbitrations
CFPB Accuses Ejudicate of Conducting ‘Sham’ Student Loan Arbitrations
October 10, 2024  |  Legal & Regulation

The CFPB has barred dispute resolution platform Ejudicate from arbitrating disputes about consumer financial products. The ban came after the Consumer Financial Protection Bureau (CFPB) found that the company...

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Upstart Sells $2 Billion of Consumer Installment Loans to Blue Owl
Upstart Sells $2 Billion of Consumer Installment Loans to Blue Owl
October 10, 2024  |  Loans

FinTech lender Upstart Holdings has sold up to $2 billion of consumer installment loans to private credit lender Blue Owl Capital. The deal includes $290 million of personal...

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Markaaz CEO: SMBs Need a ‘Golden Record’ of Truth to Access Lending
Markaaz CEO: SMBs Need a ‘Golden Record’ of Truth to Access Lending
October 10, 2024  |  SMBs

If information is power, the lack of information creates a vacuum, especially in small business banking. As to what’s needed? Call it a single source...

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As Card Delinquencies Rise, Will Debt Consolidation Loans Have Their Moment?
As Card Delinquencies Rise, Will Debt Consolidation Loans Have Their Moment?
October 09, 2024  |  Loans

Despite the volatility month to month on credit card debt, per government reports, the trend remains, generally, upward and to the right. And for consumers...

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Lenders Must Overcome Application Friction to Grow Embedded Lending Share
Lenders Must Overcome Application Friction to Grow Embedded Lending Share
October 09, 2024  |  Payments Innovation

Embedded lending is all about the future of credit. As such, it has opportunities and challenges, even in developed markets like the United States. The...

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