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

NY Sues Fed Over OCC’s FinTech Charter Decision
NY Sues Fed Over OCC’s FinTech Charter Decision
September 14, 2018  |  Banking

To challenge the Office of the Comptroller of the Currency (OCC)’s decision to allow online payment companies and lenders to have national bank charters, the...

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Prospa Bends To Regs’ Unfair Contract Claims
Prospa Bends To Regs’ Unfair Contract Claims
September 10, 2018  |  B2B Payments

Weeks after Australia alternative lending platform Prospa cancelled its IPO, amid backlash over contractual agreements with borrowers, the company has bowed to regulators’ demands that...

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Investors Target B2B FinTech Firms That Multitask
Investors Target B2B FinTech Firms That Multitask
September 07, 2018  |  B2B Payments

There are some B2B FinTech segments that are mainstays with investors. Companies like alternative small business (SMB) lenders or accounting solutions providers, for instance, remain...

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California Nears SMB Borrower Protection Rules
California Nears SMB Borrower Protection Rules
September 07, 2018  |  B2B Payments

California continues its efforts to extend borrower protection rules to small businesses (SMBs), with new support for the initiative from SMB advocates and an approval...

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Community Bank Lending To SMBs On The Upswing
Community Bank Lending To SMBs On The Upswing
September 06, 2018  |  Loans

New data shows that community banks lending to small businesses has increased in recent years. The U.S. Government Accountability Office (GAO) analyzed community bank lending and financial...

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Lending Is Failing To Live Up To 2018’s Great Expectations
Lending Is Failing To Live Up To 2018’s Great Expectations
August 28, 2018  |  Alternative Finances

It was supposed to be a strong year for lending across the board, after a stumpy 2017, which saw numbers in both consumer and commercial...

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China Zeroes In On Online Loan Risk
China Zeroes In On Online Loan Risk
August 28, 2018  |  International

China is expediting the development of regulation aimed at preventing online lending risks and promoting market stability. According to Reuters, the decision was made after...

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CFPB Ombudsman Quits, Says Bureau ‘Abandoned’ Consumers
CFPB Ombudsman Quits, Says Bureau ‘Abandoned’ Consumers
August 28, 2018  |  CFPB

Seth Frotman, an assistant director and student loan ombudsman for the Consumer Financial Protection Bureau (CFPB), had some harsh words for acting CFPB Director Mick Mulvaney...

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AltFin’s Next Hurdle: The Small Business Relationship
AltFin’s Next Hurdle: The Small Business Relationship
August 24, 2018  |  B2B Payments

A lack of access to funding may have opened the doors for alternative finance, but AltFin’s ability to quickly innovate and provide digital services —...

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