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Lending

·Apr. 13, 2023

Industry applauds end of SBA SBLC licensing moratorium

The Biden Administration's recent decision to end the Small Business Administration’s (SBA) decades-log moratorium on licensing new lenders opens the doors for community banks and credit unions to meet the needs of underserved communities, industry representatives believe.

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digital lending

·Nov. 15, 2023

Section 1071 Requirements are Coming; Banks Need a Strategy

Despite a stay, 1071 is expected to be implemented. Banks may need to rethink their approach to data processing.

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Graphic slide of Upstart Earnings presentation, Q2 2022

Lending

·Aug. 9, 2022

Upstart earnings disappoint

Upstart announced Q2 earnings on Monday, disappointing investors. The company lost $32.1 million overall, on total revenue of $228 million.

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Fintech

·Feb. 28, 2023

Better Offers Vested Equity as Homebuying Collateral for Amazon Employees

Better have launched the Equity Unlocker, allowing employees to use vested equity as collateral for mortgages.

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Fintech

·Apr. 30, 2024

Overall U.S. customer satisfaction with BNPL grows: study

As scrutiny of Buy Now Pay Later increases, so too do satisfaction scores among customers using the short-term financing mechanism structured like an installment loan.

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Fintech

·Oct. 14, 2022

Nova Credit and HSBC target migrants’ financial exclusion

Nova has created products to assist migrants in gaining access to credit across borders. Their partnership with HSBC brings new capabilities.

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Lending

·May. 31, 2024

Tricolor’s plan to serve Hispanics, an emerging economic force

Hispanics are an emerging American economic force, and Tricolor founder and CEO Daniel Chu has a plan to serve them.

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Lending

·Apr. 12, 2024

Many Millennials, Gen Z Thin-File Consumers Make Good Credit Bets: Open Lending-TransUnion Report

A new report from Open Lending and TransUnion dispels the myth that many thin-file consumers, especially younger ones, are more risky.

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Lending

·Jan. 26, 2011

Microfinance Goes Bad in India

The microfinance movement began in south Asia when Muhammad Yunus started Grameen Bank in Bangladesh in the 1970’s. He was...

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Lending

·Aug. 28, 2023

Embedded lending vs. BNPL: An investigation into the key variations

While BNPL has garnered most of the headlines in recent years, developments in embedded lending may end up having a more lasting impact on point of sale financing

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