Might banks be making inroads into the hearts and minds of smaller firms as they seek out capital – as some SMBs cite at least some dissatisfaction with non-banking lending conduits? The recent 2018 Small Business Credit Survey from the Federal Reserve Bank of New York...
Invoice2go and Square Capital announced late last week they inked a partnership in which Invoice2go customers can access funding from within the Invoice2go app. In a press release, the companies said the partnership marks the first time Square Capital, the small business loan program developed...
Goldman Sachs and Moody’s Analytics are warning that credit scores of consumers have been inflated during the past ten years, hiding the danger of defaults and increasing the risks for lenders. According to a report in Bloomberg citing Goldman Sachs and Moody’s, the warnings out...
SoLo Funds announced it has added a Mastercard integration so users can link their debit accounts to the peer-to-peer (P2P) lending platform. The company noted there are 100,000 Visa cardholders who already use the SoLo Funds platform, which allows users to request and receive a...
For the younger generation, for cash flow, look beyond four walls. In the latest staff report from the New York Federal Reserve, titled “Trends in Household Debt and Credit,” it is noted that one of the features of debt is that it can “provide access to...
Online real estate company Zillow has announced it will offer home loans through a new division that lets mortgage seekers get funding right from the company. CNBC reported this is Zillow’s latest move toward having customers buy and sell homes on the site. In February,...
ICBA Bancard, the payments services subsidiary of the Independent Community Bankers of America (ICBA), announced a new partnership with MK Decision (MK) for its online loan-origination system. In a press release, ICBA Bancard said the partnership with MK Decision streamlines its credit card application process...
Her Majesty’s Revenue and Customs (HMRC) has refused to delay a “loan charge” policy for tens of thousands of individuals in the U.K. who are facing a tax charge they have been avoiding for 20 years, according to a report by the Financial Times. The...
U.S. companies are far behind companies in Europe when it comes to issuing sustainability-linked loans, reported Reuters. According to a report in Reuters, new global standards set in place last week by the Loan Market Association, the Loan Syndications and Trading Association and the Asia...
