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 Asks CFPB to Consider Unique Business Model of BNPL
Affirm Asks CFPB to Consider Unique Business Model of BNPL
July 29, 2024  |  BNPL

With the Consumer Financial Protection Bureau (CFPB) winding down its commentary period for potential buy now, pay later regulations, Affirm Friday (July 26) submitted a...

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NAB and Plenti Team on Pay by Bank for Loan Repayments
NAB and Plenti Team on Pay by Bank for Loan Repayments
July 24, 2024  |  Partnerships

Australian bank NAB has launched a collaboration with FinTech lender Plenti. The partnership, announced Wednesday (July 24), lets Plenti’s customers make faster loan repayments via NAB’s pay-by-bank offering PayTo. “Plenti...

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Regions Financial: Business Lending ‘Pipelines Are Beginning to Rebuild’
Regions Financial: Business Lending ‘Pipelines Are Beginning to Rebuild’
July 19, 2024  |  Earnings

Regions Financial saw average loans remain stable during the second quarter, with some signs that demand for business loans may pick up. Average balances for...

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Capital One Announces $265 Billion Community Plan as Part of Discover Deal
Capital One Announces $265 Billion Community Plan as Part of Discover Deal
July 17, 2024  |  Acquisitions

Capital One Announces $265 Billion Community Benefits Plan Capital One said Tuesday (July 16) that a combination of the bank with Discover Financial Services would provide...

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FIS Launches Small Business Lending Solution for Banks
FIS Launches Small Business Lending Solution for Banks
July 16, 2024  |  SMBs

FIS launched a solution designed to help banks source, underwrite and fund loans to small- to medium-sized businesses (SMBs). The new SMB Digital Lending solution...

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Fig Financial Launches Personal Loan Service in Canada
Fig Financial Launches Personal Loan Service in Canada
July 09, 2024  |  Loans

Toronto-based lender Fig Financial says its personal loan service is now open to all Canadians. “We are providing a true alternative to banks for every...

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Fifth Third Bank Fined $20 Million for Improper Auto Lending Practices
Fifth Third Bank Fined $20 Million for Improper Auto Lending Practices
July 09, 2024  |  Regulation

Fifth Third Bank must pay $20 million to resolve litigation in its auto lending practices. The settlement followed an investigation by the Consumer Financial Protection...

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Embedded Lending Puts SMBs at Center of Financial Services Landscape
Embedded Lending Puts SMBs at Center of Financial Services Landscape
July 08, 2024  |  SMBs

The growing importance of seamless, customer-centric financial solutions has transformed today’s digital economy. And innovations like embedded lending have revolutionized the financial services ecosystem by...

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Microservices Are at the Core of Core Banking’s Appeal
Microservices Are at the Core of Core Banking’s Appeal
June 20, 2024  |  Banking

For traditional financial services players, core banking beckons as a way to enable other financial firms — banks and FinTechs included — to set up...

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