The Micro, Small & Medium Enterprise (MSME) sector in India now turns to Peer-to-Peer lending to get access to credit they need to keep the business running. According to Entrepreneur India, banks, for the most part, require too many documentation...
US syndicated lending dropped to its lowest quarterly level since the first quarter in three years. As many borrowers postponed their activities following the volatility in the market in the fourth quarter last year and growing economic concerns. The loans...
Even as wages increase and mortgage rates decline, Americans still cannot afford a home in more than 70% of the country, according to a report. A report from ATTOM Data Solutions found that out of 473 U.S. counties that it...
After the devastating fire that hit California earlier in January this year, PG&E filed bankruptcy protection to prevent liabilities linked to the fire. Two months later, the power utility provider got approved of the $5.5B loan, which claims to...
Brendan Ross, the founder of Direct Lending Investments, was recently sued on March 22, 2019, by the United States Securities and Exchange Commission. The SEC’s decision to sue follows the accusations surrounding Direct Lending’s annual returns inflation. According to Bloomberg,...
Big companies with overdue payments from SMEs are called out by Chancellor Philip Hammond from Spring Statement saying that this practice badly hurt small enterprises. Hammond wants these big companies to publish their payment practices when it comes to invoices....
Mortgage rates in the United States are now declining at a faster rate. According to CNBC, the continued decline of rates could continue for a few months, allowing prospective homebuyers to afford the house of their dreams. USA Today notes...
The city of Ottawa gets billions of incentives from the Federal budget and aims to use these for affordable housing. Since 2010, the interest in mortgages has increased significantly, up to 28 per cent annually.   Now that there’s a $2.2B...
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,...
ZestFinance has recently announced its new technology, ZAML Fair. This new software launched by the company makes use of artificial intelligence (AI) to help in the company’s lending practices and processes, allowing them to lessen lending discrimination. Throughout many years,...

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