PYMNTS-MonitorEdge-May-2024

loans

LendingClub’s Q3 Earnings: Loans Grow, Losses Shrink, Stock Slammed
LendingClub’s Q3 Earnings: Loans Grow, Losses Shrink, Stock Slammed
November 08, 2017  |  Earnings

LendingClub investors headed for the exits, sending the stock down as much as 20 percent after hours when the company posted third-quarter results that topped...

READ MORE >
Taking A Credit-First Approach To Alt Lending 
Taking A Credit-First Approach To Alt Lending 
November 07, 2017  |  Alternative Finances

Those who are fortunate enough to have access to credit often take it for granted. Imagine if your car broke down, your child needed school...

READ MORE >
Big Banks Put The Brakes On Retailer Loans
Big Banks Put The Brakes On Retailer Loans
November 03, 2017  |  Loans

The country’s largest banks, JPMorgan Chase & Co., Bank of America and Citigroup, are reducing loans to retailers at a time when the industry is...

READ MORE >
More Potential Homeowners Turning To Alternative Lending
More Potential Homeowners Turning To Alternative Lending
November 02, 2017  |  Loans

A growing number of potential U.S. homebuyers are turning to alternative lenders to purchase their dream homes. According to news from CNBC, six of the...

READ MORE >
The CFPB Criticizes Increase In Long-Term Auto Loans
The CFPB Criticizes Increase In Long-Term Auto Loans
November 02, 2017  |  CFPB

According to the latest report by the Consumer Financial Protection Bureau (CFPB), long-term auto loans are on the rise. The CFPB’s data finds that 42...

READ MORE >
SoFi Tried To Sell Itself For $8B Earlier This Year
SoFi Tried To Sell Itself For $8B Earlier This Year
October 23, 2017  |  Alternative Finances

According to reports in The Financial Times, SoFi explored the possibility of an $8 billion sale earlier this year — a process that went far enough...

READ MORE >
Small Business Borrowing To Take A Downturn, Survey Finds
Small Business Borrowing To Take A Downturn, Survey Finds
October 19, 2017  |  B2B Payments

A new survey released on Wednesday (Oct. 18) suggests that small businesses (SMBs) are likely to reduce borrowing activity in the second half of 2017....

READ MORE >
Bank Of America Reports $4B In P2P Via Zelle Network In Q3
Bank Of America Reports $4B In P2P Via Zelle Network In Q3
October 16, 2017  |  Earnings

Rounding out a slew of big bank earnings that came last week, Bank of America reported its third-quarter results Friday. Like its peers, it showed...

READ MORE >
Why The Final Payday Lending Rules Are Far From The Last Word
Why The Final Payday Lending Rules Are Far From The Last Word
October 11, 2017  |  Alternative Finances

Last week, after five years of debates, discussions, arguments and waiting, the Consumer Financial Protection Bureau’s (CFPB) final rules for payday lending dropped. As one...

READ MORE >