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The CFPB has rescinded six-year-old guidance for lenders on offering special purpose credit programs (SPCPs).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...
Amazon has entered into a term loan agreement with Citibank and more than a dozen other banks that provides the company with a $17.5 billion senior unsecured delayed draw term...
Financial fraud today is no longer chaotic. It is being optimized by artificial intelligence. Across the lending industry, a new category of fraud is emerging...
Housing pressures are reportedly leading more companies to offer “rent now, pay later” loans. That’s according to a report Tuesday (June 9) from the Financial Times (FT),...
The Consumer Financial Protection Bureau (CFPB) released a statement Friday (June 5) reminding creditors that when they assess consumers’ ability to repay mortgages and certain open-end credit products, they...
Installment lending was once framed as a way to broaden access to credit. According to a PYMNTS Intelligence April report, “The Pay Later Data Shift:...