Loans

Loans
CheckAlt, LEVERAGE Payment Solutions Team On CU Loan Repayment
July 07, 2021

CheckAlt, which works in providing loan payments and item processing solutions for credit unions (CUs) and banks, is partnering with LEVERAGE Payment Solutions to solve loan repayment problems, according to a press release. With CheckAlt’s LoanPay, borrowers can pay off loans anytime and via any...

Loans
Fireworks On The Horizon For Post-PPP Alt-Lending
July 05, 2021

The sun is high, the temperature is rising, and with COVID restrictions being lifted around the U.S., Independence Day marks the first opportunity for many to embrace a gathering around the barbeque or a group trip to the beach. It’s also a pivotal moment for...

Loans
Amex Partners With Better, Rocket Mortgage On Home Loans
June 30, 2021

Those looking to get home loans will now be able to do so through American Express (Amex) and its new partnership with two FinTechs, Better and Rocket Mortgage by Quicken Loans, CNBC reported Wednesday (June 30). Those who are Amex customers who get mortgages from...

Loans
Klarna Teams With Liberis To Offer Merchant Financing
June 29, 2021

Payments and shopping platform Klarna is collaborating with embedded business finance firm Liberis to offer merchants revenue-based loans and other financial services. Rob Straathof, CEO of Liberis, said in a press release on Tuesday (June 29) that the company is “proud” Klarna chose its team...

Loans
Non-Bank Lenders Leading The Mortgage Race
June 22, 2021

Last year was a record year for Americans taking out mortgages. And as The Wall Street Journal reported Tuesday (June 22), most of those mortgages came from non-bank lenders. These lenders issued 68 percent of all mortgages in the U.S. in 2020, up from 58.9...

Loans
Personal Loan Provider Rankings Lend A Sense Of Greater Credit Access
June 10, 2021

An estimated 10,000 U.S. baby boomers turn 60 every day, and they need money to rebuy the entire Beatles catalog in whatever new format we’re using this year. They’ve been doing this roughly once a decade since age 10. Bless your heart, planned obsolescence. A...

Loans
$5 Billion In Loans Makes Goldman One Of SoftBank’s Biggest Lenders
May 27, 2021

Goldman Sachs has loaned more than $5 billion to SoftBank, making the New York investment bank one of the biggest lenders to the Japanese conglomerate. As Bloomberg News reported on Thursday (May 27), Goldman was SoftBank’s fourth-largest lender for the 12-month period ending March 31,...

Loans
Experts: Alternative Data Sources Could Help Consumers Build Credit
May 26, 2021

The current risk-based pricing model for lending has allowed more consumers to qualify for credit, while alternative data sources could help consumers without traditional credit histories build credit, an industry representative said during a Wednesday (May 26) House subcommittee hearing on consumer credit reporting. “The...

Loans
NY Fed: Most Borrowers Who Took Forbearances Amid The Pandemic Have Exited Forbearance
May 20, 2021

More than one in 10 mortgage borrowers participated in a mortgage forbearance during the past year for at least a month, but many of them left forbearance by March 2021, officials from the Federal Reserve Bank of New York said in a Wednesday (May 19)...