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

Wells Fargo Faces Record Fines From CFPB Over Auto Lending Scandal
Wells Fargo Faces Record Fines From CFPB Over Auto Lending Scandal
April 10, 2018  |  Bank Regulation

The Consumer Finance Protection Bureau is seeking to impose fines – for a record amount – on Wells Fargo tied to the banking giant’s practices...

READ MORE >
Can AI Kill The FICO Score?
Can AI Kill The FICO Score?
April 10, 2018  |  Loans

Just as SAT scores don’t convey everything about a student, FICO scores don’t convey everything about a loan applicant. They can be one valuable piece...

READ MORE >
UK Bank Industry Trade Group Launches Review Of SMB Mistreatment
UK Bank Industry Trade Group Launches Review Of SMB Mistreatment
March 30, 2018  |  B2B Payments

UK Finance, an industry trade association, is launching an independent investigation into the way the market’s banks treat small businesses (SMBs), according to Reuters reports...

READ MORE >
Small Businesses Flocking To Mobile Loans, Kabbage Finds
Small Businesses Flocking To Mobile Loans, Kabbage Finds
March 29, 2018  |  B2B Payments

Analysis of borrowing behavior among small businesses suggests SMB borrowers are increasingly turning to mobile devices to access funding, according to new data from Kabbage....

READ MORE >
Point-Of-Sale Flexibility Inflates Spend
Point-Of-Sale Flexibility Inflates Spend
March 28, 2018  |  Point of Sale

Talk to anyone in the U.S. credit space, and they can tell you about their access to consumer information, such as name, income, education, voting...

READ MORE >
European Banks Funnel UK Business Loans Through MarketInvoice
European Banks Funnel UK Business Loans Through MarketInvoice
March 27, 2018  |  B2B Payments

Two European banks will funnel a combined $191 million in business loans through the U.K. marketplace loan platform MarketInvoice, according to Reuters reports on Monday...

READ MORE >
Credit Reporting Firms To Omit Tax Liens From Consumer Reports
Credit Reporting Firms To Omit Tax Liens From Consumer Reports
March 23, 2018  |  Loans

In a move that could make more than 5 million consumers very happy (and potential lenders very nervous), TransUnion, Equifax and Experian have announced they...

READ MORE >
Amazon Stepping Into SMB Card Space With Chase, Sources Say
Amazon Stepping Into SMB Card Space With Chase, Sources Say
March 14, 2018  |  B2B Payments

Unnamed sources have told reporters that Amazon is looking to expand its small business (SMB) financing operations via the rollout of a commercial card for...

READ MORE >
Grab And Credit Saison Launch Consumer Financing JV
Grab And Credit Saison Launch Consumer Financing JV
March 13, 2018  |  Loans

Grab, the ride-hailing company based in Southeast Asia, announced news on Tuesday (March 13) that it has teamed up with Credit Saison Co., one of...

READ MORE >