America’s big banks recorded a higher earning in the second quarter of the year due to consumer lending boost. Several banks that focus on consumer operations, particularly lending, hit the sweet spot and are reaping the benefits. Wells Fargo drove...
Australians looking to get housing loans can now apply for a more substantial mortgage with the relaxation of the Australian Prudential Regulation Authority (APRA) rules, ABC News reports. The new regulations decreased the mortgage rate, placing it at the...
The Bangko Sentral ng Pilipinas has revealed it is willing to help other Philippine banks comply with the mandated threshold set by the Republic Act 10000 or the Agri-Agra Reform Credit Act of 2009 by expanding the list of...
Starting in fall 2020, the Colgate University in Hamilton, New York will be phasing federal loans out for current and incoming students with a total family income of $125,000 and above. The decision for this move is to help lessen...
London-based mortgage company Habito is slated to launch its new lending service, says TechCrunch. The digital service provider will start providing direct loans using its own mortgages. This move came after the firm received the right permits to operate...
In the move to distance itself from President Donald Trump’s policies and restrictions, American Bank SunTrust Inc. is finally cutting ties with private prison operators. SunTrust is the fourth major bank to stop lending practice to detention centers after receiving...
Deutsche Bank recently announced it would exit global sales and trading of equities and reduce operations of its investment banking. It will also cut down 18,000 jobs by 2022. The bank announced the move is part of its massive restructuring...
Scotland's peer-to-peer lending platform Lending Crowd announced on Wednesday, July 3, it will be partnering with the leading provider of standardised loan performance data, Brismo. According to reports, the recent deal was created to bring even greater performance metrics for...
The Department of Agriculture, Trade and Consumer Protection (DATCP) in Wisconsin forewarns farmers of lenders and credit providers that seek to take advantage of their situation. According to Spectrum News, the agency is concerned that agricultural workers will accumulate...
JPMorgan Chase CEO Jamie Dimon said student lending has been hurting America since 2010. Dimon is criticizing the government for issuing $1 trillion student loans and that colleges and universities must have their own loans that students can take. In an...

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