One of the challenges that has plagued consumer lenders over the years is that when times get difficult some consumers...
PNC Financial Services Group is looking to launch a national consumer lending product through their mobile app and new branches; they plan to launch into new markets with branches in Minneapolis, Dallas, Kansan City and more; “We're going there to be there with our full-service capabilities, patiently banking the clients that we ultimately want to bank,” Chairman and CEO William Demchak said this week; the new plans will take place in 2018. Source.
Chinese giants Tencent and Ant Financial have found value in the buy now pay later industry with the companies buying...
Metro Bank is in talks to acquire one of the largest p2p lenders in the UK in RateSetter; according to...
A day after LendingClub made big news by laying off 471 people there are rumors circulating all around the industry...
Leading marketplace lending platform, Prosper, has launched Credit Card Optimizer; the Credit Card Optimizer is an enhancement to the firm’s Prosper Daily app which was introduced in March 2016 as an aggregator for financial accounts; the Credit Card Optimizer will provide users with their credit card balances and payment notifications; also seeks to provide advice on credit card usage and includes features for managing credit cards by interest bearing balances. Source
In a wide ranging interview with Crowdfund Insider, Upgrade CEO and Co-founder Renaud Laplanche discusses what makes his company unique...
Meta Financial Group formed a partnership to provide personal loans to customers of NY based Liberty Lending; Meta said they will look to originate between $500mn to $1bn of personal loans during the three year partnership; “We are excited to partner with a respected and growing brand in online lending, and look forward to working together to deliver best in class loan products to consumers,” Brent Turner, Meta's head of consumer lending, said in a press release reported by American Banker. Source.
Goldman Sachs slowed originations for their personal loan product through Marcus after they launched the Apple Card; “The slowing pace...
The Fed took the unprecedented step of cutting rates to near zero to help ease the blow of Coronavirus and...