Watch more: Live Roundtable With Mastercard’s Ginger Siegel and Lithic’s Nikil Konduru Small businesses rarely have the luxury of waiting for capital to arrive on...
Truist’s second quarter displayed a range of puts and takes shaping consumer banking. Customers kept spending, mobile activity rose and credit losses eased, while the...
The New York State Department of Financial Services (DFS) posted a notice of proposed rule making regarding buy now, pay later (BNPL) lenders together with the text of the proposed regulation...
Three banking and lending groups have asked a federal court to stop Oregon from enforcing a new law. The National Association of Industrial Bankers, the...
Klarna is working on a significant risk transfer (SRT) that will enable it to offload credit risk tied to buy now, pay later (BNPL) loans...
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...