Wednesday, August 5, 2020
Digital lending in India continues to expand and grow with more FinTech companies taking advantage of unsecured loans for funding. The Omidyar-BCG report states that the sector is close to $100 Bn a year by 2023. Approximately 77 per cent...
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...
JPMorgan Chase CEO Jamie Dimon said student lending has been hurting America since 2010. Dimon is criticizing the government for issuing $1 trillion student loans and that colleges and universities must have their own loans that students can take. In an...
Public protests are on-going at Beijing after the recent crackdown of 76% of China’s Peer-to-Peer (P2P) lending platforms, wiping out an estimated $217.96 billion funds from its investors. What started out as a promising venture, with its peak period...
The global financial crisis has deeply affected the country of Australia, with home loans falling at its weakest since the mid-1890s. In January 2019, the loans slowly crept up to 0.2 per cent, the lowest level recorded since July...
The Times of India reports that environment-conscious Indians can now easily get their hands on a more eco-friendly transport alternative: electric vehicles. This is because of the Indian government’s initiative to make getting auto loans easier for those interested...
Deutsche Bank is considering cuts on its U.S. equities unit, including prime brokerage and equity derivatives, in a bid to restore the confidence of unhappy shareholders about the company's performance, according to some sources who requested for anonymity. The bank's...
In a press release dated on May 20, 2019, Ellie Mae announced that its company is expecting to release a new Encompass Digital Lending Platform. According to the company, version 19.2 of their platform will target lenders and the...
Student loan debt is pulling down the chances of young people to own homes over the past decade, economists at the Federal Reserve said. In a recently released paper, Federal Reserve researchers Alvaro Mezza, Daniel Ringo, and Kamila Sommer...
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,...

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