PYMNTS-MonitorEdge-May-2024

loans

Main Street Lending Program Borrowers Challenged by High Interest Rates
Main Street Lending Program Borrowers Challenged by High Interest Rates
November 22, 2024  |  Loans

The Federal Reserve’s pandemic-era Main Street Lending Program reportedly had $1.23 billion in interest and principal payments in default as of Oct. 31. The program...

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Bridging the Digital Divide: How Banks Can Meet Customer Expectations in Lending
Bridging the Digital Divide: How Banks Can Meet Customer Expectations in Lending
November 22, 2024  |  Banking

Banks and credit unions may feel like they offer a best-in-class digital experience — and the readiness to offer new services and options — when...

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LendingTree and Coverdash Team to Insure Small Businesses
LendingTree and Coverdash Team to Insure Small Businesses
November 20, 2024  |  Insurance

LendingTree has teamed with Coverdash to offer insurance coverage to its small business and startup customers. The collaboration, announced Wednesday (Nov. 20), expands LendingTree’s financial product suite to allow small...

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Credit Crunch Crushes Dreams: Millions Face Loan Rejections, NY Fed Reports
Credit Crunch Crushes Dreams: Millions Face Loan Rejections, NY Fed Reports
November 20, 2024  |  Debt

Credit is getting harder to come by, especially for auto loans, mortgages and those with low credit scores. Amid an environment where lenders are tightening,...

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Fed’s Supervision Report Takes Note of Rising Card Delinquencies
Fed’s Supervision Report Takes Note of Rising Card Delinquencies
November 18, 2024  |  Banking

The banking system is sound, and resilient, according to the Federal Reserve. But the performance of some of the loans on banks’ books — particularly...

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From Approval to Bank Account: Why Instant Disbursements Are Critical for Lenders
From Approval to Bank Account: Why Instant Disbursements Are Critical for Lenders
November 18, 2024  |  Money Mobility

How many potential borrowers are lost to cumbersome loan processes and slow disbursements? Today’s consumers expect the speed and convenience they find in other digital...

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CFOs and Treasurers Rethink ROI on Cash and Working Capital Strategies
CFOs and Treasurers Rethink ROI on Cash and Working Capital Strategies
November 18, 2024  |  VISA

CFOs’ and treasurers’ offices are among the most difficult stops on the digital roadmap in finance and yet are part of the corporate C-suite that...

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CFPB Urges Greater Accountability for Student Loan Servicers
CFPB Urges Greater Accountability for Student Loan Servicers
November 15, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) is urging legislators and other policymakers to make reforms that it said would improve student loan servicing. The regulator wants...

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MoneyLion CEO: Checkout Extends Our Evolution From Neobank to Financial Services Marketplace
MoneyLion CEO: Checkout Extends Our Evolution From Neobank to Financial Services Marketplace
November 14, 2024  |  Payments Innovation

Call it a financial services ecosystem or even a financial services marketplace. But don’t call MoneyLion a neobank. As CEO Dee Choubey told Karen Webster...

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