Interest Rates

SMB Digital Loan Applications Rose 19 Pct. YOY
SMB Digital Loan Applications Rose 19 Pct. YOY
December 30, 2019  |  Loans

As banks continue to shy away from providing small business loans, many small and medium-sized business (SMB) owners have turned to online lending companies to...

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SMBs’ Online Lending Surge Raises Borrower Protection Concerns
SMBs’ Online Lending Surge Raises Borrower Protection Concerns
December 30, 2019  |  B2B Payments

Small businesses continue to flock to online platforms to find much-needed financing, with banks still failing to fill the demand for small to medium-sized business...

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Consumers Drive Q3 US Economic Growth
Consumers Drive Q3 US Economic Growth
November 27, 2019  |  Economy

October saw a rise in consumer spending, according to a report by Reuters. The news organization is reporting that the economy will most likely continue...

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Santander Rolls Out US Digital Deposits To Rival Goldman
Santander Rolls Out US Digital Deposits To Rival Goldman
October 21, 2019  |  Digital Banking

Spanish lender Santander is planning to launch an online deposit platform in the U.S., the Financial Times (FT) reported on Sunday (Oct. 20). The bank...

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How Responsibly Accelerated Mortgage Underwriting Can Save Consumers, Lenders Money
How Responsibly Accelerated Mortgage Underwriting Can Save Consumers, Lenders Money
October 21, 2019  |  Faster Payments

When financing a first home, a complicated mortgage process can confuse buyers, and draw out loan underwriting timelines — costing time and money. Yet, lenders...

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No More Free Lunch For Swiss Bank Account Customers
No More Free Lunch For Swiss Bank Account Customers
October 18, 2019  |  Banking

Swiss banks are going to start charging their millionaire customers to store money, according to a report by CNN. On Friday (Oct. 18), the bank...

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Fed Concerned Trade War Could Trigger Recession
Fed Concerned Trade War Could Trigger Recession
October 10, 2019  |  Regulation

Federal Reserve officials are worried that slowing global growth, exacerbated by the U.S.-China trade war, could sap domestic hiring and economic activity, triggering a recession,...

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Upgrade Card Combines Credit Card Acceptance With Installment Payments Flexibility
Upgrade Card Combines Credit Card Acceptance With Installment Payments Flexibility
October 10, 2019  |  Loans

Twelve years ago, LendingClub Founder Renaud Laplanche built a business to help consumers manage the $800 million in outstanding credit card debt. That product was...

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Credit Card Interest Rates Rise To Near-Record Levels
Credit Card Interest Rates Rise To Near-Record Levels
October 09, 2019  |  Economy

The average interest rates on credit cards are nearing record levels, in spite of a 50-basis-point decline on a 10-year note yield. Bloomberg is reporting...

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