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

Affirm’s Levchin On Changing The Consumer Credit Conversation
Affirm’s Levchin On Changing The Consumer Credit Conversation
December 21, 2018  |  Alternative Finances

The conversation about credit in the U.S. has become one of extremes. There is a growing chorus of voices that eschew credit as a “dangerous...

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China Institutes New Policy To Boost Small Firm Lending
China Institutes New Policy To Boost Small Firm Lending
December 19, 2018  |  Loans

Faced with a slowing economy and a trade dispute with the U.S., China’s central bank on Wednesday (Dec. 19) announced a new policy tool aimed...

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Kenya Gets Ready To Unveil Sandbox Policy
Kenya Gets Ready To Unveil Sandbox Policy
December 18, 2018  |  B2B Payments

Kenyan financial authorities are on the cusp of unveiling a FinTech sandbox that will initially focus on robo-advisors and consider blockchain. Across Europe, Revolut looks to...

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Lawmakers Want To Outlaw SMB ‘Confession Loans’
Lawmakers Want To Outlaw SMB ‘Confession Loans’
December 06, 2018  |  Bank Regulation

U.S. Senators Sherrod Brown and Marco Rubio have called for a ban on confessions of judgement, a tactic predatory lenders use to make borrowers forfeit...

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LendingTree: US Consumer Debt Approaching $4T   
LendingTree: US Consumer Debt Approaching $4T  
November 30, 2018  |  Debt

LendingTree said in its debt report for the month of November that based on recent holiday shopping and credit card spending, credit card balances will...

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SoFi CEO Says Fed Rate Hikes Not A Threat
SoFi CEO Says Fed Rate Hikes Not A Threat
November 30, 2018  |  Loans

Anthony Noto, CEO of the financial company SoFi, said this week that his company is preparing for a landscape with higher interest rates, and that...

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Sub-Prime Lending’s Late-Year Bounce
Sub-Prime Lending’s Late-Year Bounce
November 20, 2018  |  Alternative Finances

According to the latest Q3 2018 TransUnion’s Industry Insights Report the back half of 2018 has been a good year for sub-prime borrowers looking for access to credit. In the year...

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Robotics Process Automation Rakes In The VC Cash
Robotics Process Automation Rakes In The VC Cash
November 16, 2018  |  B2B Payments

In a week of multiple nine-figure venture capital funding rounds, B2B FinTech has proved it plans to end the year on a high note. The...

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Affirm Launches New Features To Help Consumers Spend Responsibly
Affirm Launches New Features To Help Consumers Spend Responsibly
November 13, 2018  |  Alternative Finances

“The more I looked at retailer-sponsored finance, the more I realized people routinely end up paying atrociously more than they bargained for … This is...

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