loans

Revolving Debt Hits $1.36T in July, Soars 25% Above Pre-Pandemic Levels
Revolving Debt Hits $1.36T in July, Soars 25% Above Pre-Pandemic Levels
September 09, 2024  |  Consumer Finance

Monday (Sept. 9) offered up a snapshot of consumer sentiment on where inflation is headed, their overall feelings about managing a mounting debt load, and...

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Lloyds Calls for Swift End to British Car Loan Investigation
Lloyds Calls for Swift End to British Car Loan Investigation
September 09, 2024  |  Regulation

A U.K. banking executive says the country needs to resolve its unfair auto-lending practice investigation. Great Britain’s Financial Conduct Authority (FCA) said in July that...

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FDIC Sees Non-Depository Financial Institution Loans Surge, Hinting at New Risks
FDIC Sees Non-Depository Financial Institution Loans Surge, Hinting at New Risks
September 09, 2024  |  Loans

The Federal Deposit Insurance Corp.’s latest quarterly banking industry report hints at where risks lie if additional pressures come to bear on financial services firms...

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AI Explained: Inside the World of Datasets
AI Explained: Inside the World of Datasets
September 09, 2024  |  Artificial Intelligence

Artificial intelligence datasets form the bedrock of modern systems. As tech giants and researchers push the boundaries of machine capabilities, the data they use quietly...

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Nubank Defends Lending Practices as Late Payments Jump
Nubank Defends Lending Practices as Late Payments Jump
September 05, 2024  |  Loans

Lending practices at Brazil’s Nubank reportedly have Wall Street analysts uneasy. As Bloomberg News reported Thursday (Sept. 5), the lender — Latin America’s largest — is enjoying rapid growth,...

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CFPB Says Debt Collectors Try to Collect on Already-Paid Medical Bills
CFPB Says Debt Collectors Try to Collect on Already-Paid Medical Bills
September 05, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has found that debt collectors are using illegal tactics, and it is taking steps to ensure they follow consumer financial...

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Ex-Wirecard CEO Ordered to Pay $155 Million Over Unpaid Loans
Ex-Wirecard CEO Ordered to Pay $155 Million Over Unpaid Loans
September 05, 2024  |  Legal

Former Wirecard CEO Markus Braun’s legal troubles are reportedly worsening. A judge ordered Braun and two other executives from the defunct German payments company to...

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Construction Spending Dips 0.3% in July Amid High Mortgage Rates
Construction Spending Dips 0.3% in July Amid High Mortgage Rates
September 03, 2024  |  Economy

Construction spending decreased by 0.3% in July after remaining unchanged in June. Spending totaled $2.163 billion in July, down from the revised June estimate of...

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Elepay Debuts 180-Day Pay-Later Offering for Property Owners
Elepay Debuts 180-Day Pay-Later Offering for Property Owners
September 03, 2024  |  Loans

Australian lender Elepay has introduced its latest pay-later solution for property owners. The Brisbane-based company’s 180-day offering, announced in a news release Tuesday (Sept. 3), is designed to allow...

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