HSBC Holdings announced that it is teaming up with online lender Avant to offer unsecured loans to consumers. In the first half of 2019, HSBC’s U.S. arm will utilize Avant’s platform to offer personal loans as high as $30,000 with terms up to five years....
Joseph Otting, Comptroller of the Currency, says that rules on short-term, small-dollar lending should be relaxed so U.S. banks are able to offer loans to cash-strapped consumers. According to Financial Times, strict underwriting rules and the negative publicity surrounding loans with such high annual interest...
October 24, 2018
HSBC Holdings announced that it is teaming up with online lender Avant to offer unsecured loans to consumers. In the first half of 2019, HSBC’s U.S. arm will utilize Avant’s platform to offer personal loans as high as $30,000 with terms up to five years. Consumers can apply in minutes and have the money in […]
April 26, 2018
Joseph Otting, Comptroller of the Currency, says that rules on short-term, small-dollar lending should be relaxed so U.S. banks are able to offer loans to cash-strapped consumers. According to Financial...
