TrueAccord offers software which enables banks to negotiate debt payments with distressed borrowers; they are now launching a direct to...
LendGenius is launching a new product to offer loan options for small businesses and to help increase education and awareness of small business credit availability; the company plans to launch its service in April 2017; the service will feature a dashboard of available loan offerings for companies based on their application profile; LendGenius has also worked extensively on building out the lender integration with the system which provides a range of API integrations and a comprehensive dashboard for reviewing borrowers; in the past four months the company reports over 30,000 requests for capital totaling over $8 million. Source
US credit card debt was $870 million as of December 2018 according to data from the Federal Reserve, an increase...
Lending Club is offering a bonus for IRA investors; Lend Academy provides details in their article; any investor who opens or adds to an IRA account with at least a $5,000 investment by April 30, 2017 will receive a bonus; bonuses range from $150 to $3,000 for investments from $5,000 to $100,000 and over. Source
Catherine Berman founded CNote along with Yuliya Tarasava in 2016 to create financial products that decrease inequality rather than perpetuate...
Virtual reality-based services are beginning to have their moment with the pandemic continuing to wreak havoc across the globe; the...
On CNBC's Squawk Box Ray Dalio, the founder of the world's largest hedge fund spoke negatively about bitcoin stating "It's not an effective storehold of wealth because it has volatility to it, unlike gold. Bitcoin is a highly speculative market. Bitcoin is a bubble."; he went on to say that it could be a currency and work conceptually but the speculation going on hurts it. Source
Nathaniel Hoopes, head of the Marketplace Lending Association shares how the Madden v. Midland decision is having an adverse impact on borrowers in an American Banker opinion article. Source
Immigrants face challenges when it comes to accessing credit when they come to the US; while in their home country they may have established a solid credit history, they now have to start from scratch; several fintech companies tackling this problem include Nova Credit, CreditStacks and Petal. Source
Inc. has released their list of the 5000 fastest growing private companies; this year over 250 companies made it in the financial services category; the list shares basic information about each company including revenue numbers; several online lenders made the list including Avant, OppLoans, Kabbage, loanDepot, Lighter Capital, FastPay, National Funding and ZestFinance. Source