Payments firm PayU has recently successfully acquired shares from PaySense, a digital lending platform. The acquisition is valued at $185 million, says Business Insider. Under the deal, LazyPay, PayU’s lending business, will merge business operations with PaySense. The move aims...
The central bank of the Philippines, Bangko Sentral ng Pilipinas (BSP) said on Wednesday, the outstanding loans of universal and commercial banks grew by 10.1 percent. According to BSP’s preliminary data, loans issued by banks last November 2019 swelled as...
Automated lending services provider Open Lending and blank check company Nebula Acquisition Corporation announced Monday, Jan 6, they have entered into a definitive business combination agreement. Under the said deal, the merger will take place via Nebula’s acquisition of Open...
A bill under legislative session mandates the Colorado state to pay for the two years of student loans for new graduates of state’s public colleges. The ‘Get On Your Feet’ bill was a remodeled version of a Loan Forgiveness Program...
Margarita Louis-Dreyfus, the heiress of the popular Louis Dreyfus Company (LDC), a trading house, announced her successful filing and borrowing of a $1 billion loan from the Credit Suisse. Following the partnership, the heiress put up her majority shares...
India's Housing Development Finance Corporation Ltd. (HDFC) adjusted the retail prime lending rate on housing loans by 0.05 percent, effective on Jan. 6, 2020. The decision was made last Friday, Jan. 3 when India’s largest lender cut down the...
The Reserve Bank of New York released on Monday a survey that showed an increase in auto loan rejection in the United States. Compared to last year’s car loan rejection, the increase was massive at 7.1 percent from 6.1% in...
Canadian insurer Sun Life announced Wednesday it has agreed to enter in a deal that will make it a majority stakeholder of London-based InfraRed Capital Partners, a global investment manager. In a press release, the insurer giant disclosed a closing...
Lending institution Well Fargo & Co. has been ordered by the state of Philadelphia to pay $10 million in damages to address its discriminatory lending practices. The court ordered the San-Francisco-based lender to settle its lawsuit following accusations that...
American Financial Resources (AFR) announced a few enhancements on the online loan portal, including integrated product support to help improve user experience. The company upgrades the overall functionality of the platform, adding a unified dashboard for a better user interface....

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