JPMorgan Chase, aiming to get a bigger piece of the point of sale financing market, announced Wednesday (Feb. 27) that it is launching “My Chase Plan,” a tool that allows card customers to finance purchases of more than $500. Get the Full Story Complete the...
Zillow is focusing more on the mortgage market, making loans to buyers who use the company’s app. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...
Online lender Social Finance (SoFi) is launching two free exchange-traded funds (ETFs). Citing regulatory filings, Bloomberg reported that the funds — set to waive management charges for at least the first year — will focus on U.S. stocks. Get the Full Story Complete the form...
FinTechs, not traditional banks, appear to be preferred method of taking out unsecured personal loans in the U.S., with the market hitting an all-time high last year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
A global shipping company is reeling after Amazon apparently pulled business to focus on its own logistics, according to a report from Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Student debt in arrears has hit record highs as measured by data gleaned from the Federal Reserve Bank of New York, Bloomberg reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
You know the story. Critics say that short-term, small-dollar loans push consumers into the hamster wheel of a never-ending debt cycle – one that turns a two-day bridge to cover a shortfall into a six-month mosh pit of fees that can become hard to dig out from...
The Federal Reserve revealed Monday (February 5) that an increasing number of banks have gotten stricter with the underwriting of some loans during the last quarter of 2018 and that they are bracing for loan demand and performance to decline. Get the Full Story Complete...
Student debt in America has grown to staggering proportions. By the end of 2018, 44 million Americans collectively held $1.5 trillion in debt related to the pursuit of education. Today around 70 percent of students graduate from college with some kind of student loan debt,...
