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

Plaid and YouLend Partnership Delivers 90% Approval Rate on Financing
Plaid and YouLend Partnership Delivers 90% Approval Rate on Financing
November 16, 2023  |  SMBs

A partnership of open banking network Plaid and embedded financing platform YouLend boosted the availability of capital to small- to medium-sized businesses (SMBs) in Europe....

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CFPB Bans Enova From Offering Certain Consumer Loans
CFPB Bans Enova From Offering Certain Consumer Loans
November 15, 2023  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has ordered online lender Enova International to pay a $15 million penalty, banned it from offering certain consumer loans...

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Buy Now, Pay Later Thrives Despite Rising Interest Rates
Buy Now, Pay Later Thrives Despite Rising Interest Rates
November 09, 2023  |  Buy Now Pay Later

Buy now, pay later (BNPL) company Affirm continues to see demand from investors, reportedly defying earlier concerns about rising interest rates affecting all BNPL lenders. Unlike traditional...

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Federal Reserve Survey Reveals Tightened Lending Standards and Weaker Demand
Federal Reserve Survey Reveals Tightened Lending Standards and Weaker Demand
November 06, 2023  |  Economy

Lending standards have tightened and demand has weakened in the third quarter of 2023, according to the Federal Reserve’s October Senior Loan Officer Opinion Survey...

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PayPal and Block Results Show Small Business Lending Activity Tightening
PayPal and Block Results Show Small Business Lending Activity Tightening
November 03, 2023  |  Earnings

Earnings season, moving into its final few weeks, may seemingly be dominated by headlines about consumer spending. But dig a bit deeper, and details emerge...

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What Are the Best Tactics to Improve Credit Scores? 
What Are the Best Tactics to Improve Credit Scores? 
November 02, 2023  |  Consumer Finance

Generally speaking, the higher your credit score, the more favorable interest rates and terms you can benefit from when getting a loan.  The scoring model...

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Figure Increases Lending Services with LaaS Platform Expansion
Figure Increases Lending Services with LaaS Platform Expansion
November 01, 2023  |  Loans

Figure Lending LLC and Figure Technologies announced Wednesday (Nov. 1) an expansion of their partnership business, which includes an increased offering under the Lending-as-a-Service (LaaS) platform. ...

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Personalization Helps Credit Unions Out-Compete Banks on Lending
Personalization Helps Credit Unions Out-Compete Banks on Lending
November 01, 2023  |  Credit Unions

You can’t have a successful business, no matter the business, if you don’t attract customers. When it comes to today’s world of evolving financial markets...

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Digital Innovations Help Cash-Strapped Small Businesses Find Best-Fit Funding Solutions
Digital Innovations Help Cash-Strapped Small Businesses Find Best-Fit Funding Solutions
October 31, 2023  |  SMBs

The past few years have been full of challenges for small- to medium-sized businesses (SMBs). “It is definitely a perfect storm, and not in a...

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