PYMNTS-MonitorEdge-May-2024

Lending

In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations etc. The recipient incurs a debt, and is usually liable to pay interest on that debt until it is repaid, and also to repay the principal amount borrowed.

Source: en.wikipedia.org

Rep Ocasio-Cortez Calls For Hearings On Banks Lending To Immigrant Prisons
Rep Ocasio-Cortez Calls For Hearings On Banks Lending To Immigrant Prisons
February 25, 2019  |  Regulation

New York Rep. Alexandria Ocasio-Cortez is asking for hearings in Congress on why Wall Street is lending money to private prisons that house undocumented immigrants,...

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Earnings Show Power Of Digital Commerce — And Cash At The ATM
Earnings Show Power Of Digital Commerce — And Cash At The ATM
February 22, 2019  |  Earnings

Continuing in the tradition of PYMNTS earnings roundups: Walmart’s eCommerce efforts, including grocery delivery and pickup options, soared in the fourth quarter of 2018, and...

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LendingClub Links Lenders To Loan Metrics Via Brismo
LendingClub Links Lenders To Loan Metrics Via Brismo
February 22, 2019  |  B2B Payments

Lending performance data solutions provider Brismo is integrating its technology into the LendingClub platform, enabling lenders to analyze the performance of their portfolios. In a...

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FinTech Firms Now 38 Pct Of Personal Loan Market
FinTech Firms Now 38 Pct Of Personal Loan Market
February 21, 2019  |  Loans

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...

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Building Digital Power While Breaking Down Barriers
Building Digital Power While Breaking Down Barriers
February 21, 2019  |  Today In Data

The latest numbers out of the payments and commerce world show eCommerce and other retail gains for a major U.S.-based player, while another company –...

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Student Debt In ‘Serious Delinquency’ Grows
Student Debt In ‘Serious Delinquency’ Grows
February 18, 2019  |  Loans

Student debt in arrears has hit record highs as measured by data gleaned from the Federal Reserve Bank of New York, Bloomberg reports. The newswire...

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In China, Some Banks Shy Away From Letting Cards Max Out
In China, Some Banks Shy Away From Letting Cards Max Out
February 18, 2019  |  Regulation

In China, Reuters reports that banks have resisted “maxing” out their credit card business, eyeing consumer spending and the fact that credit card lending has...

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OnDeck Beats Expectations, Plans To Expand ODX Service
OnDeck Beats Expectations, Plans To Expand ODX Service
February 12, 2019  |  Earnings

OnDeck beat expectations with its Q4 earnings report, with a surge in loan originations and larger than expected revenue gains. “2018 was a pivotal year...

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FinTech Credit: Not So Clear And Present Danger?
FinTech Credit: Not So Clear And Present Danger?
February 11, 2019  |  Regulation

A new report finds that it’s tough to regulate what one cannot define — and that’s true in FinTech credit, a nascent industry where the...

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