loans

Afterpay Fined By CA Regulator For Unlicensed Loans
Afterpay Fined By CA Regulator For Unlicensed Loans
March 17, 2020  |  Buy Now Pay Later

Australian startup Afterpay is settling with the California Department of Business Oversight (DBO) over allegations that the buy now, pay later (BNPL) firm was offering...

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Big Firms Draw Down Billion Dollar Credit Lines
Big Firms Draw Down Billion Dollar Credit Lines
March 17, 2020  |  Economy

In the world of credit, in the scramble to shore up at least some financial stability by filling corporate coffers for the deluge of rainy...

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House Chairwoman Tells FDIC To Halt ILC Charters
House Chairwoman Tells FDIC To Halt ILC Charters
March 15, 2020  |  Loans

Congresswoman Maxine Waters, chairwoman of the House Committee on Financial Services, wants to stop any new Industrial Loan Company (ILC) charters until further notice, citing...

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Virus, Swooning Markets Put Homebuilders On Shaky Foundation
Virus, Swooning Markets Put Homebuilders On Shaky Foundation
March 13, 2020  |  Coronavirus

What will make homebuilders rally? At first glance, the news that low interest rates have gone, well, almost subterranean, should be wind under the sails...

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Coronavirus Is ‘Cross Between 9/11, 2008 Financial Crisis,’ Officials Say
Coronavirus Is ‘Cross Between 9/11, 2008 Financial Crisis,’ Officials Say
March 13, 2020  |  Banking

Banking officials are in a panic over the coronavirus as it upturns their revenues, with PJT Partners restructuring specialist Tim Coleman describing the viral pandemic...

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Cashfree Targets India’s Lenders With Disbursement API
Cashfree Targets India’s Lenders With Disbursement API
March 11, 2020  |  B2B Payments

Cashfree, one of India’s biggest business payments platforms, has announced that it has launched a new suite of payment products aimed at lending companies and...

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‘Rent-a-Bank’ Lending Practices Trigger Calls For Regulation
‘Rent-a-Bank’ Lending Practices Trigger Calls For Regulation
March 11, 2020  |  Loans

Consumer advocates are pushing federal banking regulators to do something about rent-a-banks with notoriously sky-high loan rates that prey on people with bad credit, the...

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Blockchain.com Investors Can Now Borrow Against Holdings
Blockchain.com Investors Can Now Borrow Against Holdings
March 10, 2020  |  Cryptocurrency

To allow users to borrow against their holdings, digital currency wallet and exchange company Blockchain.com unveiled a “Borrow” Service. The offering will provide loans in...

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Metro Bank Links With ezbob For Same-Day SMB Loans
Metro Bank Links With ezbob For Same-Day SMB Loans
March 09, 2020  |  B2B Payments

To provide a digital lending offering for small business clients, Metro Bank has collaborated with banking software provider ezbob. The new offering will move clients...

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