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consumer lending

FintechNews RoundupUSA
·Feb. 20, 2020

Earnin Shifts Focus to Employers

Wage advance fintech Earnin has started to shift their focus to employers in a bid to reach more consumers; companies...
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FintechNews RoundupUSA
·Jan. 30, 2020

LendUp Passes $2 Billion in Loans

LendUp shared today that they had crossed $2 billion in consumer loans; since first beginning in 2012 they have provided...
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FintechNews RoundupUSA
·Jan. 17, 2020

Banks Grow Their Loan Books With Mostly Prime Borrowers

With most of the large banks reporting earnings this week one trend has become clear; as the loan books have...
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FintechNews RoundupUSA
·Jan. 10, 2020

PayU Acquiring Indian Fintech Lender PaySense for $185 Million

PayU is a largest payments processor in India and it is continuing its moves into lending in that country with...
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FintechNews RoundupUSA
·Jun. 26, 2019

Varo Money Shuts Consumer Lending Division

Digital bank Varo Money has made the decision to shut down their consumer lending division; Business Insider reports “With the...
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FintechNews RoundupUSA
·Feb. 14, 2020

Senators Probe Online Lenders Use of Education Data in Lending

Sens. Sherrod Brown, D-Ohio, Elizabeth Warren, D-Mass., and three other Democratic senators sent a letter to Upstart Network and other...
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FintechNews RoundupUSA
·Jan. 27, 2020

Lend Academy Podcast: Anu Shultes of LendUp

The CEO of LendUp talks about short term lending and the changes she has made in her first year as...
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FintechNews RoundupUSA
·Jan. 16, 2020

Goldman Slowed Personal Lending for Marcus after Apple Card Launch

Goldman Sachs slowed originations for their personal loan product through Marcus after they launched the Apple Card; “The slowing pace...
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FintechNews RoundupUSA
·Jun. 28, 2019

California Set to Cap Interest Rates on Installment Loans

The California legislature is getting closer to approving legislation that would cap interest rates at 36 percent on loans between...
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FintechNews RoundupUSA
·Jun. 14, 2019

The 2019 Digital Lending Review Shows Substandard Efforts at Most Banks and Credit Unions

The annual Digital Lending Review from Digital Banking Report shows that the lending process at many banks and credit unions...
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