Double commercial property loan defaults are at their highest point in 10 years. And as the Financial Times (FT) reported Thursday (Nov. 7), this situation has raised worries that a lending practice known as “extend and pretending” is masking an increasing system risk. “They are...
Earnings reports this season, particularly from banks, have taken note of the resilience in consumer spending, especially on debit and credit cards, in various areas of discretionary activity, including dining out and travel. But some stats and commentary from banks also hint at the pressures...
FinTech lender Upstart Holdings has sold up to $2 billion of consumer installment loans to private credit lender Blue Owl Capital. The deal includes $290 million of personal loans that have already been handed out, as well as debt that Blue Owl will buy over the next 18...
Despite the volatility month to month on credit card debt, per government reports, the trend remains, generally, upward and to the right. And for consumers already shouldering that card debt, where historically high interest rates are a hallmark, even with recent interest rate cuts, personal...
Experian Consumer Services has launched a partnership with non-bank lender Oakbrook. The collaboration with the British firm, announced Monday (Oct. 7), will offer debt consolidation loans on the Experian Marketplace, using technology from Experian’s recent partnership with affordability software/payments firm Paylink. “Debt consolidation remains the number one reason customers...
Digital financial ecosystem MoneyLion adopted a new solution from Plaid that allows consumers to link their bank accounts and get pre-qualified for loans. When consumers share this information, lenders gain cash flow underwriting insights that enable them to offer credit options that are tailored to...
In small business lending — regardless of the size of the bank doing the lending itself — a high-touch approach and in-person visits to the branches are “key conduits” for extending credit, the Federal Deposit Insurance Corporation (FDIC) has found. In its 2024 Small-Business Lending...
Embedded lending options are proving to be critical lifelines for individuals and the smallest businesses — particularly in an uncertain macro environment marked by relatively high interest rates. “Many times in life, when you expect it least, … and you need availability [and speed] when...
The private credit market is booming — and has the potential to reshape lending, and risk, too, in financial services. Generally and conceptually speaking, the private lending market, estimated by the International Monetary Fund to top $2 trillion at present, offers a capital “lifeline” of...
