The new CFPB director Mick Mulvaney is planning to rollback a key regulation that will allow payday lenders to charge very high interest rates; the current rule was set to be enacted soon and allow for lenders to become compliant by the middle of 2019; the rule limited the amount of money or the amount of times a person could borrow from these short term lenders; with the removal of the rule payday lenders can go back to operating like they did prior to the CFPB; many fear that lower income Americans will become mired in debt. Source.
Congress tried to solve the problem of large businesses obtaining loans from the PPP by giving more money to smaller...
The metaverse will open doors for new business models. To maximize the value of the metaverse, banks must link the virtual to the real world.
Tracking consumer goods through the supply chain from origin to final transaction is another way blockchain is being utilized in today’s global market; with blockchain the supply process becomes less segmented and more streamlined which helps delivery efficiency; sellers can also provide detailed information on products through printed codes helping to increase confidence in consumer brands; these benefits and more are causing increased utilization of blockchain technology which is likely to lead to more widespread use by retail providers. Source
The feature in question would allow creators to showcase NFTs on Snapchat, which follows similar moves by Meta and Reddit.
Scott Stewart is the CEO of the Innovative Lending Platform Association or ILPA; ILPA members include many of the large...
SoFi has already done two Super Bowl commercials but has also become a sponsor of numerous sporting events; The company most recently sponsored the Big Ten men’s college basketball championship final last week; SoFi finds that sporting events are a great way to reach their target audience and build the SoFi brand. Source
During uncertain times, a laser focus on consistency is key to delivering growth and stability, BHG COO Tyler Crawford said.
Mortgages are one of the last lending products to become fully digital as the process represents quite the challenge to...
London-based Greensill Capital, backed by SoftBank, has made an acquisition in Latin America; in an all-stock deal Greensill, whose primary...