Thursday, September 19, 2019
Besides credit scores, lenders are now utilizing other unconventional criteria for issuing loans—magazine subscriptions and phone bills. Companies like Goldman Sachs and Ally Financial are said to be experimenting with new metrics to approve loan applications. Considering the fact that...
The declining demand for peer-to-peer (P2P) lending in China has prompted firms to find business elsewhere. LearnBonds report that Chinese P2P companies are eyeing Vietnam, which alarmed local lending companies. P2P lending is a practice that enables borrowers to directly...
The Securities and Exchange Commission (SEC) announced Monday, September 16, it has issued cease and desist orders against 19 online lending applications following unauthorized lending activities and various complaints involving invasion of privacy and harassment. According to a report from...
Crypto brokerage firm Tagomi recently launched its lending services to the public. The digital-assets brokerage intends to provide traders with easier access to shorting. According to Bloomberg, Tagomi has now opened it's lending and borrowing services for its clients. Under...
New York-based early-stage company Celsius grew from crypto lending company to a billion-dollar lending business, says CoinDesk. According to digital assets company BitGo, Celsius deposited around $1 billion in cryptocurrencies in 2018. This comes after the firm significantly gained...
Three online lending firms in the Philippines have been fined by the National Privacy Commission (NPC) due to a series of debt shaming incidents. Executives from these firms reportedly fail jail time for up to 7 years. Moreover, these...
A report from the US Government Accountability Office states that 99% of applicants were denied for student loan forgiveness program by the Education Department. The revamped student loan forgiveness program is created to help students struggling to qualify from loan...
Private fintech firm Stripe recently announced its intention to introduce Stripe Capital, which will be the lending arm of the company. As of this writing, Stripe has a valuation of $22.5 billion after its latest funding round. With additional funds,...
Bank lending from Mexican financial institutions sank in light of the decrease in the country’s gross domestic product (GDP) growth, says BNamericas. The drop in GDP growth is also expected to result in an increase in nonperforming loans (NPL),...
The Chinese government held a peer-to-peer (P2P) lending crackdown in the country. Following this, the founder of Zendai Group, Dai Zhikang, surrendered to the authorities after witnessing the downfall of his lending firm Laocaibao. According to the South China Morning...

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