As more and more consumers continue to feel stress over their financial situation, a new advertising campaign by PurePoint Financial...
The largest online small business lender in the US is now PayPal having done $4 billion in loans in 2018;...
John Battelle, founder of Newco, talks with SoFi's Mike Cagney about the firm and its business growth; Cagney talks about the firm's customer commitment and the support customers receive over traditional banks; also reports on the verticals it has expanded to since starting the business with student loans; additionally Cagney provides some metrics on the business including that the company has $1 billion in equity on its balance sheet, $6 billion of lending capacity, $9.5 billion in loans for 2017 and estimates $18 to $20 billion in loan originations for 2018. Source
In 2017 the CFPB saw a ton of regulation and a battle for the successor to former director Richard Cordray; this coming year could be even more tumultuous as acting director Mick Mulvaney looks to undo many of the regulations Cordray put in place and the ensuing court battle over who is the rightful director; recent rule like the arbitration rule have been reversed and they payday lending regulation could be next to go; with a number of regulations in need or more clarity or a court decision the next 12 months could prove crucial for the future of the agency. Source.
Loanpal’s solar lending business only started making loans in early 2018; fast forward to today, they are originating $110 million...
In an interview with The Financial Brand, Alan McIntyre, Senior Managing Director, Banking for Accenture shares his perspective on the...
The company has raised a $200 million Series D round which was led by DST Global; new investors include Coatue,...
U.S. Bank launches app to take pain out of filing expenses Bankers Expect AI To Make Your Financial Life More...
Tim Draper spoke at the event Blockchain Connect Conference today; he stated, “In five years, if you go to a Starbucks or McDonald's and try to buy a burger or coffee with fiat currency, the person at the counter is going to laugh at you. There's a real need for a currency that's global.”; Draper was an early backer in companies like Skype and Baidu; his interests have since turned to bitcoin and ICOs. Source
TransferWise first launched borderless debit cards in the UK and Europe in April of last year; to date there have...