The lifeline for the small businesses that make up the backbone of the U.S. economy is now there for the taking. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Non-bank lenders are on shaky ground as they face the prospect of mortgage payment forbearance with the ongoing coronavirus pandemic, which could end up costing them $12 billion per month, according to the Financial Times. Get the Full Story Complete the form to unlock this...
For banks seeking to protect profits – and liquidity – keeping corporate clients from drawing down credit lines may be one way to brace against the volatility wrought by COVID-19. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Banking giant HSBC and Cainiao Network Technology, which is a logistics arm of Alibaba Group, have announced they will offer rapid finance approvals to online merchants that use Chinese shopping site Tmall, according to reports. Get the Full Story Complete the form to unlock this...
Banking regulators on Thursday (March 19) said they are going to give banks credit for letting lower-income Americans borrow money during the coronavirus pandemic, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The Bank of England (BoE) is excluding many businesses from its short-term loans for coronavirus-related relief, critics say, by including restrictions based on credit ratings and short-term commercial paper use, according the Financial Times. Get the Full Story Complete the form to unlock this article...
Congresswoman Maxine Waters, chairwoman of the House Committee on Financial Services, wants to stop any new Industrial Loan Company (ILC) charters until further notice, citing concerns about outdated rules. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Consumer advocates are pushing federal banking regulators to do something about rent-a-banks with notoriously sky-high loan rates that prey on people with bad credit, the Wall Street Journal (WSJ) reported on Wednesday (March 11). Get the Full Story Complete the form to unlock this article...
Unsecured lending is the theme of this week’s PYMNTS Provider Ranking of Personal Loan Apps, which looks at this fascinating space with fresh eyes to reveal the trends. Personal loans have a million uses, but they’ve long been popular for consolidating high-interest debt at lower...
