loans

Report: FTX Used Customer Funds to Prop up Alameda Research

Report: FTX Used Customer Funds to Prop up Alameda Research
Report: FTX Used Customer Funds to Prop up Alameda Research
November 10, 2022  |  Cryptocurrency

In a bid to prop up his trading firm Alameda Research, Sam Bankman-Fried reportedly loaned the firm billions of dollars from his FTX platform, including...

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UK Borrowers Due Millions as Lenders Fail to Meet FCA Expectations
UK Borrowers Due Millions as Lenders Fail to Meet FCA Expectations
November 09, 2022  |  Loans

When the COVID-19 pandemic struck in 2020, the U.K.’s Financial Conduct Authority (FCA) asked the country’s lenders to offer payment deferrals as a means of...

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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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