The considerable amount of student debt is becoming a burden to indebted college graduates, a new survey revealed. A survey by Merrill Lynch and Age Wave of over 2,700 U.S. adults from ages 18 to 34 revealed that on average,...
Due to series of reports of customers and investigations conducted by the U.S. Office of the Comptroller of the Currency (OCC), Citigroup was fined $25M for denying mortgages borrowers in the basis of race, color and other factors. In 2012,...
Korean tech giant Samsung launched its digital lending platform called Samsung Finance+ in India on Thursday, Sept 26. According to a report from Reuters, the financing product was engineered to help boost Galaxy smartphone sales in the South Asian...
The digital investment firm, Atomic Capital, has recently entered the crypto-backed lending field, offering the largest loan-to-value (LTV) available on the market yet. Announced Wednesday, April 3, the financial services company will be launching 85% US dollar loan offer of...
The amount of car debt Americans has is now record-high and raises concerns about the financial condition of millions of households in the future, a new report said. Auto debt has grown an astounding 75% since the latter part of...
The European Investment Bank (EIB) recently announced that it is planning to stop funding new projects that rely on fossil fuels by the end of 2020. The EU's lending arm said that it is on its way to phasing out...
San Diego-based Plaza Home Mortgage recently announced that it will be rolling out its expanded non-QM lending program. Under this new offering from the company, financial lenders, brokers, and other similar agents can become more inclusive in taking in...
Phoenix, one of the largest cryptocurrency market platforms in the world, announced on Thursday, June 6, that lenders in its bitcoin margin lending pool lost around 1800 BTC, which is roughly around $13.5 million at current market prices, due...
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...
Asian Development Bank (ADB) announced Tuesday it has approved a new pricing structure for its member countries starting January 2021, which will set higher lending rates for high-income countries. According to a statement published by the finance institution, the new...

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