loans

Ubiquity Drives Consumer Demand for Credit Card Installment Plans
Ubiquity Drives Consumer Demand for Credit Card Installment Plans
October 19, 2023  |  Payment Methods

Getting what we want — now — but paying later for it is top of consumers’ minds. Nandan Sheth, CEO at Splitit, told Karen Webster...

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Microcredit Puts Loans Within Reach of Emerging-Market Consumers
Microcredit Puts Loans Within Reach of Emerging-Market Consumers
October 18, 2023  |  Consumer Finance

From buy now, pay later (BNPL) to credit card installments, there are diverse credit and lending products available to consumers today. However, for two-thirds of...

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Marqeta and Scalapay Team to Expand Europe’s BNPL Use
Marqeta and Scalapay Team to Expand Europe’s BNPL Use
October 17, 2023  |  BNPL

Card issuer Marqeta has teamed with Scalapay to expand buy now, pay later use in Europe. The collaboration, announced Tuesday (Oct. 17), will see Marqeta work with Scalapay — a buy...

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Nearly 50% of European Firms Rely on Overdrafts From Corporate Bank Accounts
Nearly 50% of European Firms Rely on Overdrafts From Corporate Bank Accounts
October 17, 2023  |  Loans

Accessing working capital solutions is crucial for growth corporates — often referred to as middle market firms — around the world. However, the choices available...

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Business Lender iwoca Raises $243 Million to Fund Small Businesses
Business Lender iwoca Raises $243 Million to Fund Small Businesses
October 16, 2023  |  SMBs

European small business lender iwoca says it has raised $243 million in new funding.  The financing, announced late Monday (Oct. 16), follows the $152 million the London-based...

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Crypto Lending Makes a Potentially Risky Comeback
Crypto Lending Makes a Potentially Risky Comeback
October 16, 2023  |  Cryptocurrency

Facing declining revenues, cryptocurrency exchanges are boosting their lending offerings. But the move by companies such as Binance and Coinbase could introduce new risks to...

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Citi: Spending Decelerates as Consumers Grow More Cautious
Citi: Spending Decelerates as Consumers Grow More Cautious
October 13, 2023  |  Earnings

Consumer spending is still growing but slowing, especially among those with lower FICO scores, Citi reported Friday (Oct. 13). “The growth in spending is decelerating...

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Wells Fargo Expects Continued Slowing of the Economy 
Wells Fargo Expects Continued Slowing of the Economy 
October 13, 2023  |  Earnings

Wells Fargo saw net charge-offs increase, loan demand decrease and average deposits decline during the third quarter.  At the same time, consumer spending remained strong, the...

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Subprime Consumers Are ‘Credit Marginalized’ as Spending Lifelines Dry Up
Subprime Consumers Are ‘Credit Marginalized’ as Spending Lifelines Dry Up
October 11, 2023  |  Consumer Finance

Through the next few months, the purses and wallets will open in anticipation of holiday spending. Beyond the cash flow hangover that might be a...

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