Loan Regulations news and trends

Open Banking Connects iwoca To Lloyds Account Data
B2B Payments // November 01, 2018

U.K.-based alternative small business lender iwoca is linking into data from Lloyd’s Bank accounts to streamline loan underwriting for joint customers. In an announcement on Wednesday (Oct. 31), iwoca said it is the first SMB lender to link into a high-street bank via open banking,...

Pew Pushes Installment Loans As Regulated Payday Alternative
Alternative Finances // October 17, 2018

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...