Call it a financial services ecosystem or even a financial services marketplace. But don’t call MoneyLion a neobank. As CEO Dee Choubey told Karen Webster days after posting third-quarter earnings results, MoneyLion is on its way to becoming the place “mass market” consumers visit when...
Small and medium-sized businesses (SMBs) face challenges when securing credit, especially in an uncertain economy. Embedded lending, which integrates credit options directly into purchase platforms, offers a fast and convenient solution. But a key element of embedded lending is the need for SMBs to share...
Most student loan borrowers have had difficulty making their loan payments, but many don’t know they could choose a different repayment plan that could help lower their payments, the Consumer Financial Protection Bureau said Wednesday (Nov. 13). Forty-two percent of these borrowers have only ever been...
The U.K.’s financial watchdog is giving auto financing companies more time to deal with customer complaints. The Financial Conduct Authority (FCA) announced this decision Wednesday (Nov. 13) in the wake of a recent court ruling that forbids dealers from getting a commission from auto lenders without the customer’s consent....
November 18, 2024
How many potential borrowers are lost to cumbersome loan processes and slow disbursements? Today’s consumers expect the speed and convenience they find in other digital services — but traditional loan processes often fall short. According to the latest “Money Mobility Tracker®,” 73% of borrowers are willing to pay extra for instant loan access. This willingness […]
November 14, 2024
Call it a financial services ecosystem or even a financial services marketplace. But don’t call MoneyLion a neobank. As CEO Dee Choubey told Karen Webster days after posting third-quarter earnings...
November 14, 2024
Small and medium-sized businesses (SMBs) face challenges when securing credit, especially in an uncertain economy. Embedded lending, which integrates credit options directly into purchase platforms, offers a fast and convenient...
November 13, 2024
The average consumer has 5.3 bank accounts. Now that the Consumer Financial Protection Bureau has issued a final rule on data sharing, the age of open banking can get fully...
November 13, 2024
Most student loan borrowers have had difficulty making their loan payments, but many don’t know they could choose a different repayment plan that could help lower their payments, the Consumer Financial Protection Bureau said Wednesday (Nov. 13). Forty-two percent of these borrowers have only ever been on the standard repayment plan for their federal student loans, […]
November 13, 2024
The U.K.’s financial watchdog is giving auto financing companies more time to deal with customer complaints. The Financial Conduct Authority (FCA) announced this decision Wednesday (Nov. 13) in the wake of a recent court...
November 08, 2024
Shares of credit card issuers and lenders have reportedly risen after the election of Donald Trump, with investors expecting the incoming Trump administration to deliver regulatory changes that are favorable to...
November 07, 2024
Double commercial property loan defaults are at their highest point in 10 years. And as the Financial Times (FT) reported Thursday (Nov. 7), this situation has raised worries that a...
