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...
The UK Government is said to hold an emergency meeting with senior financial analysts in relation to the no-deal Brexit that could affect the lending practices of banks.
The emergency meeting will be held in Westminster on Sept. 5, 2019,...
Lending company Amigo suffered from more than 50% dip on its shares. The fall in shares reportedly followed its notice to the public about its plans to change its current business lending model.
Amigo provides loans and credit facilities to...
In light with the increasing student loan amount in the United States, two Utah congressmen are supporting the new house bill that would increase the transparency of student lending programs.
Rep. Ben McAdams and Re. Chris Stewart expressed their support...
Commercial lending technology provider Blooma raises $2.75M funding led by Silicon Valley tech investors like Floodgate, Abstract Ventures, Serra Ventures, and Crescent Ridge Partners.
The company serves financial institutions with tools that can move around money in the digital world....
Santa Monica-based company Tala recently got an investment amounting to $110 million through the Series D round. Crunchbase reports that the firm is looking at India as a viable expansion option.
Tala founder and CEO Shivani Siroya said that the...
