Jiedaibao, launched by JD Capital, would give people looking to engage in debt recovery all kinds of personal data belonging to overdue debtors, including phone numbers, addresses and even ID card numbers; releasing this kind of information would allow for any freelance debt collector to harass borrowers into paying their overdue amounts; this type of practice in China is not all that unusual as past debt collection efforts have discussed the release of nude photos if payments are missed; the agreement would give the "debt collector" 40% of the debt paid. Source
Theres no size fits all in scalable innovation for legacy structures but new strategies are being developed to help.
Despite bringing invaluable global talent to the US, international students face a critical hurdle to higher education - student loans.
Affirm's earnings call came with an announcement of layoffs, in an effort to streamline in accordance with low revenue growth.
In the face of global warming projections, investment becomes critical. ICE have released bond indices to support net-zero objectives.
LendingClub saw revenue and earnings at the high end of their guidance range but, due to ongoing uncertainty remain reserved with next steps.
Dealmakers West is an all-meetings event happening in Laguna Beach on Aug. 30-31.
Non-bank lender Pemberton Asset Management sees a big opportunity in business lending with the uncertainty surrounding Brexit; Pemberton is confident that European banks will pull back as a result of Brexit and slow their lending practices; the sizable raise also points to the confidence in private debt funds as an option for companies unable to get financing from the banks.
Better have launched the Equity Unlocker, allowing employees to use vested equity as collateral for mortgages.