The Philippine Securities and Exchange Commission (SEC) has revoked FCash Global Lending Inc.’s license after several complaints about unfair collection practices.
In a statement last Monday, September 28, 2020, the Securities and Exchange Commission revealed that it took FCash Global’s...
The United States government, which decided to forgive pandemic loan under the Paycheck Protection Program (PPP), has started to waive payments, said Reuters. This comes in light of complaints and warnings from various parties.
The $525 billion-relief plan aimed to...
Wells Fargo & Co. has fired more than 100 employees last Wednesday, October 14, 2020, after saying they participated in defrauding a COVID-19 pandemic relief fund from the United States Small Business Administration.
News of the fraudulent scheme comes as...
Reston, Virginia-based financial technology company StreetShares announced last Thursday, October 22, 2020, in its press release that it had successfully secured a $10 million investment round for its lending tech expansion suite.
The funding round was led by Motley Fool...
As Europe remains on top of non-bank lending, it continues to protect its growth rate by reforming lending policies to boost a new framework.
The Alternative Credit Council (ACC) published a roadmap to reform the European Long-Term Investment Fund (ELTIF),...
Housing lender Housing Development Finance Corp. (HDFC) revealed that it will be lowering its retail prime lending rate (RPLR) for mortgages, said Live Mint. The reduction will be by 10 basis points of 0.10% and it was implemented on...
A press release by Ratehub Inc. on Newswire Canada revealed that the Canadian financial technology firm now has operations in the mortgage market called Canada Mortgage and Housing Corporation (CMHC).
The new housing lending institution, which was approved via CanWise...
Mike Ashley’s Frasers Groups, previously known as Sports Direct, offered £50 million in emergency funding to Arcadia Group owned by Sir Philip Green, which the latter rejected. Ashley’s loan offer came as Arcadia Group is in danger of falling...
Americans with student loans received good news when the United States Department of Education extended the pause of payments until January 2021, said CNBC. However, the resumption of payments causes anxiety to borrowers affected by the pandemic.
The pause started...
As the virus pandemic leaves the banking industry unstable with a barrage of loans possibly defaulted and soured, the European Union (EU) has laid out plans on Wednesday, December 16, 2020, about setting up assistance to aid banks to...
