Shadow banking now has $52 trillion in assets under its belt. FinTech firms are crowding financial services’ flanks, looking for customers who crave mobile means of managing their financial lives. Last week’s Capitol Hill hearing — and our own data on just where we will...
Self Lender Founder James Garvey never thought he would go into financial services, and certainly never thought financial inclusion would become a personal passion. As a software engineer by training, his area of expertise was online direct marketing. Then he decided to go to Argentina with...
Climbing interest rates are taking their toll on the number of consumers in the market for new home mortgages. Mortgage applications for new homes are down 25 percent year over year. They’re also taking their toll on the non-bank mortgage lenders that proliferated in the good...
Short-term lending – specifically, payday loans – have attracted a lot of attention in recent years, from the media and from the regulators. A little more than a year ago, the CFPB (now also known as the BCFP) dropped its final version of its new...
April 15, 2019
Shadow banking now has $52 trillion in assets under its belt. FinTech firms are crowding financial services’ flanks, looking for customers who crave mobile means of managing their financial lives. Last week’s Capitol Hill hearing — and our own data on just where we will bank — helped spotlight the concerns that might keep traditional FI executives up at night.
November 21, 2017
Last week, we told you a tale of two Fed studies, which were putatively about the same topic, but drew nearly opposite conclusions. The first study, released last summer as a joint effort by...
November 02, 2017
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 top 10 home lenders by volume now fall into the alternative lending category, with customers including the self-employed and those who rely on bonuses as a substantial part of their […]
December 04, 2015
The thought of getting a call from the bank that lent out a student or car loan might ring of nightmares to many but not from a new player in...
