U.K. digital lender Lendable finalized a deal Thursday (July 9) in which it will raise 500 million pounds (about $670 million) to support its effort to push...
U.K. neobank Monzo has introduced an automated debt consolidation experience designed to make the process simpler for customers. The new offering relieves customers of the...
Loan repayment histories, credit card balances and outstanding obligations have traditionally shaped most underwriting decisions. That approach is beginning to widen as lenders search for...
Institutional investors are reportedly pumping billions of dollars into private credit funds. That’s according to a Monday (July 8) report from the Financial Times (FT), which noted...
The next stage of Pay Later may look less like a single checkout button and more like a credit menu built for different kinds of buyers. That...
Digital financial services app SoFi introduced a lending program for small businesses, according to a Tuesday (June 30) press release. SoFi Small Business Loans are...
For decades, lenders have treated employment as a proxy for stability. But more Americans are piecing together income from hourly work, contract jobs, commissions and...
The CFPB has rescinded six-year-old guidance for lenders on offering special purpose credit programs (SPCPs). A filing published by the Consumer Financial Protection Bureau (CFPB) Wednesday (June 17) in...