Short-term loans

Stripe Mulls Cash Advance Service For SMBs
Stripe Mulls Cash Advance Service For SMBs
September 24, 2018  |  Loans

Stripe, the digital payments startup, is reportedly testing a new cash advance service for its business customers. According to reports, the new service would provide...

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US Bank Launches Loan To Compete With Payday Lenders
US Bank Launches Loan To Compete With Payday Lenders
September 11, 2018  |  Alternative Finances

U.S. Bank is entering the small-dollar lending arena. Going forward, U.S. Bank depositors will be able to tap into an online, digital lending product aimed...

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Why Wonga Finally Called It Quits
Why Wonga Finally Called It Quits
September 04, 2018  |  Alternative Finances

U.K. payday lending startup Wonga has come to the end of the road, having filed for administration (similar in concept to bankruptcy in the U.S.)...

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Wonga Goes Belly-Up
Wonga Goes Belly-Up
August 31, 2018  |  International

The U.K.’s largest payday lender is shutting down after a surge in complaints from former customers. According to Financial Times, Wonga confirmed on Thursday (Aug....

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Blockchain SME Finance Firm Debitum Preps For Launch
Blockchain SME Finance Firm Debitum Preps For Launch
August 23, 2018  |  B2B Payments

Debitum Network is readying to be the newest blockchain-powered small business lending platform on the market. The company is set to launch its solution in...

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Payday Lender Wonga Gets £10M Lifeline
Payday Lender Wonga Gets £10M Lifeline
August 06, 2018  |  Investments

Payday loans company Wonga has received a much-needed £10 million cash infusion from Accel Partners and Balderton Capital, among others. The funding will help cover...

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Mulvaney Reduces Penalty On Payday Lender Security Finance
Mulvaney Reduces Penalty On Payday Lender Security Finance
June 29, 2018  |  CFPB

The acting director of the Consumer Financial Protection Bureau has cut a fine against payday lenders in half, as well as dropped some of the...

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Payday Lenders Buff Up Loan Products
Payday Lenders Buff Up Loan Products
June 06, 2018  |  Loans

Payday lenders are now offering an array of new financing products that are sending their stocks soaring. According to Bloomberg, Enova International Inc. shares have...

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OCC Puts Small-Dollar Loans Back In The Spotlight
OCC Puts Small-Dollar Loans Back In The Spotlight
May 24, 2018  |  Bank Regulation

The Office of the Comptroller of the Currency (OCC) issued a new guidance encouraging banks to offer responsible short-term, small-dollar loans to their customers. The...

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