Following requests from the Securities and Exchange Commission, the Central Bank of the Philippines is now mulling over the possibility of providing an interest cap for lending and financing institutions within the country. Last Monday, October 28, 2019, Chairman Emilio...
Israeli lending business Become announced its successful round of funding last Tuesday, October 29, 2019. In the recent Series A investment round, the company closed $12.5 million. Become is the lending platform which provides financial lending solutions to small and...
The Trump administration stated last Monday, Oct. 28, that it would ease the lending sanctions to banks to encourage them to offer loans to low-income borrowers. The government pushes for an increase in the lending market by helping banks get...
Digital lending company Blend recently released a new offering for car buyers, PR Newswire reported. Blend’s newly launched auto lending product is consistent with the company’s goal to provide simple and transparent lending services to borrowers, while also streamlining...
Wells Fargo, the fourth-largest U.S. lender by assets, has let go of more than 200 bankers in its U.S. lending divisions in recent months in reaction to current business trends and to restructure some of its units, Reuters reported. According...
The National Privacy Commission (NPC) recently shut down an additional 26 online lending businesses. These online lending entities reportedly used collection tactics that publicly shamed and humiliated borrowers. Other charges against these lending companies include breach of privacy. Following numerous...
Aclaro, Inc. recently launched its prime auto lending products and services, Auto Finance News reported. This comes after the fintech company released its artificial intelligence technology in the subprime lending industry. Its venture into the auto loans sector allows a...
Short-term lender Bespoke Financial recently announced its intention to funnel $7 million into its cannabis lending project. This comes after the company raised the amount in a funding round led by venture firm Casa Verde, reported PRNewswire. Casa Verde...
China is transforming its Peer-to-Peer lending with a new loan plan called the Small-Time Lending. After a series of fraud and defaults, the regulators consider converting qualified online lenders to small-loan companies. The local authorities are trying to save what’s...
China surprisingly kept its lending rate to a steady 4.85 percent amidst the forecast that it would cut again after reductions in August and September. Beijing Central Bank is keen on avoiding trailing behind the monetary policy that could cause...

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