loans

Personalization Helps Credit Unions Out-Compete Banks on Lending
Personalization Helps Credit Unions Out-Compete Banks on Lending
November 01, 2023  |  Credit Unions

You can’t have a successful business, no matter the business, if you don’t attract customers. When it comes to today’s world of evolving financial markets...

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Digital Innovations Help Cash-Strapped Small Businesses Find Best-Fit Funding Solutions
Digital Innovations Help Cash-Strapped Small Businesses Find Best-Fit Funding Solutions
October 31, 2023  |  SMBs

The past few years have been full of challenges for small- to medium-sized businesses (SMBs). “It is definitely a perfect storm, and not in a...

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SoFi Student Loan Originations Soar 101% Year Over Year as Repayments Resume
SoFi Student Loan Originations Soar 101% Year Over Year as Repayments Resume
October 30, 2023  |  Loans

SoFi earnings lauded a surge in student loan demand ahead of repayments that resumed this fall, marking its highest quarterly pace of originations in more...

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Bain and Smith Hill Partner on Hospitality Sector Financing Solutions
Bain and Smith Hill Partner on Hospitality Sector Financing Solutions
October 25, 2023  |  Partnerships

Bain Capital and Smith Hill Capital have formed a joint venture aimed at serving the finance needs of companies and assets in the hospitality sector. With a goal...

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Report: Twitter Debt Could Come Back to Bite Banks
Report: Twitter Debt Could Come Back to Bite Banks
October 25, 2023  |  Debt

It’s been nearly a year since seven banking giants helped Elon Musk buy Twitter. Now, those lenders are dealing with the impact of that decision on...

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Fed Overhauls Community Reinvestment Act to Adapt to Online Banking
Fed Overhauls Community Reinvestment Act to Adapt to Online Banking
October 24, 2023  |  Bank Regulation

The Federal Reserve has reportedly finalized a revamp of the Community Reinvestment Act (CRA) rules, which were enacted in 1977 to combat discriminatory lending practices in minority...

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US Bank Debuts Avvance Installment Payment Tool
US Bank Debuts Avvance Installment Payment Tool
October 24, 2023  |  Loans

U.S. Bank has introduced a tool that lets businesses offer consumer financing at point-of-sale. The lender’s Avvance offering, announced Tuesday (Oct. 24) is an “embedded, multi-channel point-of-sale lending...

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55% of High-Debt Consumers Grapple With Auto Loans as Delinquencies Soar
55% of High-Debt Consumers Grapple With Auto Loans as Delinquencies Soar
October 23, 2023  |  Loans

Access to a car is crucial for many Americans, especially those living in areas with limited public transportation options. However, the historically high prices of...

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Biggest Banks Cut 20,000 Jobs Amid High Interest Rates
Biggest Banks Cut 20,000 Jobs Amid High Interest Rates
October 19, 2023  |  Banking

Staffing levels at some of America’s biggest banks are reportedly getting smaller. Aside from the country’s largest lender, JPMorgan Chase, the five biggest banks in the...

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