Paytm’s stock hit a two-year low Thursday (Dec. 7) after it changed its small-ticket loan policy and brokers downgraded its stock. The Indian FinTech had announced earlier in the week that it would make fewer small loans — those below 50,000 rupees, or $600 — in light...
Buy now, pay later (BNPL) company Affirm continues to see demand from investors, reportedly defying earlier concerns about rising interest rates affecting all BNPL lenders. Unlike traditional banks, BNPL providers rely on the market to obtain funds for offering small loans and installment plans to shoppers, exposing...
Lending standards have tightened and demand has weakened in the third quarter of 2023, according to the Federal Reserve’s October Senior Loan Officer Opinion Survey (SLOOS) on Bank Lending Practices, released Monday (Nov. 6). The survey showed that lending standards have tightened across various loan...
LendingTree continued to be affected by high interest rates and consumers having difficulty accessing credit in the third quarter. During the quarter ended Sept. 30, the online lending marketplace’s revenue totaled $155.2 million, down 35% from the same quarter a year earlier, according to a shareholder letter released...
December 07, 2023
Paytm’s stock hit a two-year low Thursday (Dec. 7) after it changed its small-ticket loan policy and brokers downgraded its stock. The Indian FinTech had announced earlier in the week that it would make fewer small loans — those below 50,000 rupees, or $600 — in light of the Reserve Bank of India’s (RBI) new rules designed […]
November 09, 2023
Buy now, pay later (BNPL) company Affirm continues to see demand from investors, reportedly defying earlier concerns about rising interest rates affecting all BNPL lenders. Unlike traditional banks, BNPL providers rely on...
November 06, 2023
Lending standards have tightened and demand has weakened in the third quarter of 2023, according to the Federal Reserve’s October Senior Loan Officer Opinion Survey (SLOOS) on Bank Lending Practices,...
October 31, 2023
LendingTree continued to be affected by high interest rates and consumers having difficulty accessing credit in the third quarter. During the quarter ended Sept. 30, the online lending marketplace’s revenue totaled...
