United States President Donald Trump looks to enact further budgets as he released the country’s 2021 funding. Part of the affected sector would be student loans, whose funding is slated to be cut by a whopping $5.6 billion, reports...
Following President Donald Trump’s 2021 budget proposal release last Monday, February 10, 2020, it appears that the White House intends to drastically budget for car production loans. The said budget cuts would affect the United States Department of Energy’s Advanced Technology...
In a bid to expand its national footage, mortgage lender Nations Lending announced Monday, Feb 10, the opening of its new branch located in Virginia Beach, VA, along with the appointment of its new branch manager.  In a press release, the U.S. lender named...
The State Bank of India (SBI) announced Friday, Feb. 7, that it is cutting the funding-based lending rates of home loans by 5 basis points, effective Feb. 10, 2020. The said interest cut will mark SBI’s ninth cut in the...
A report by LearnBonds.com revealed that global fintech lending, alternative loan industry, will grow 17 percent this year to $312.6 billion. The projected transaction value for 2030 is $390.5 billion, with the United States leading the peer-to-peer business lending. In recent...
Atlanta-based online lender Kabbage announced last Tuesday, February 4, 2020, its plans to unveil a new loan offering. The company will reportedly be launching short-term loans for small business owners, reports the American Banker. Under the new program, Kabbage...
Lending company Jenfi recently expressed its interest in joining the Southeast Asian market, reported Tech Crunch. It is set to start in Singapore, which is where the company’s headquarters is located. Launched by GuavaPass (now ClassPass) founder Jeffrey Liu and...
Goldman Sachs is currently in advanced talks with e-commerce giant Amazon to offer small and medium-sized business loans to merchants over Amazon’s lending platform, Financial Times reported. According to the report, the 151-year-old bank is currently working on software that...
Last Tuesday, January 28, 2020, the Department of Finance (DOF) of the Philippines announced the South Korean government’s support which is a $50 million loan geared towards the infrastructure projects of the country. The documents exchange and signing were...
The regulatory body for lending in Nigeria has posed “apparent contradictions on monetary policy,” Bloomberg reported. Analysts said that the unpredictability of the rules could have a negative impact on Nigerian lending companies. This conflicting situation came after the county’s...

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