Source: en.wikipedia.org
Morgan Stanley reportedly upgraded its rating and price targets on shares of several credit card companies and lenders, citing stabilization in consumer credit and an...
Embedded lending, the integration of credit offerings into platforms where consumers and microbusinesses (MSBs) can apply for credit directly during a transaction, is gaining traction...
New York’s financial watchdog has proposed new measures governing nonbank mortgage lenders. The New York State Department of Financial Services (DFS) says this new regulation would ensure these lenders...
The Federal Deposit Insurance Corp.’s roster of “problem banks” continues to grow. The overall number of those banks — 68 as of the end of...
Residential mortgage lending activities showed a “significant decline” in 2023, the Consumer Financial Protection Bureau said Friday (Dec. 13). The drop was caused in part...
Nearly a week after a federal judge blocked a cap on “junk fees,” the Consumer Financial Protection Bureau is overhauling overdraft fee regulations for large...
Germany’s Deutsche Bank is reportedly benefitting from uncertainty surrounding a possible takeover of rival Commerzbank. Commerzbank’s customers are increasingly turning to Deutsche Bank for funding,...
Banking technology company Mbanq has debuted Mbanq Comet, an AI-powered digital loan origination platform. Comet integrates with core banking systems and is designed to allow banks, credit...
The Federal Reserve’s pandemic-era Main Street Lending Program reportedly had $1.23 billion in interest and principal payments in default as of Oct. 31. The program...