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interest rates

FintechUSA
·Jul. 29, 2020

Oportun Capping Rates at 36% and Pausing Collections

Oportun is making some changes in response to the pandemic; they have decided to dismiss all pending collections cases as...
Read Full Story
News Roundup
·Oct. 10, 2011

Prosper Adjusts Interest Rates on Repeat Borrowers

Regular readers of this blog will know how much I like the repeat borrower segment of p2p lending. Only officially...
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FintechNews RoundupUSA
·Jan. 7, 2020

Quontic Bank Sees Big Growth Through Remake

NY based Quontic Bank saw retail deposits grow by 261 percent to $200mn and their retail customer base double in...
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Peer to Peer Lending
·Sep. 26, 2011

Revolving Credit Card Debt Down But Interest Rates Now at Record Levels

There was good news last week for the nation’s credit card holders. The total revolving consumer credit card debt continues...
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Peer to Peer Lending
·Apr. 17, 2013

Taking Stock of the Recent Changes at Prosper

It has been nearly three months now since the new executive team took over at Prosper and the changes keep...
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EuropeFintechNews Roundup
·May. 11, 2018

P2P Lenders More Attractive as Bank of England Keeps Rates Low

The Bank of England decided to keep rates steady at 0.5 percent which will be a big benefit to P2P...
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News
·May. 19, 2011

Prosper Raises Borrower Interest Rates by 1.29%

It has been a busy six months for the risk management people at Prosper. In December they moved away from...
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FintechNews RoundupUSA
·Mar. 11, 2020

Rent-a-Banks and High Cost Lending

California has capped interest rates at around 37% per year on some consumer loans; despite this companies are able to...
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Peer to Peer Lending
·Feb. 21, 2018

Savings and Deposit Rates in a Rising Rate Environment

For many years there have been few opportunities for yield which is one of the reasons some investors turned to...
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FintechNews RoundupUSA
·Mar. 6, 2020

The Argument For and Against a National Interest Rate Cap

The states have taken the lead when it comes to interest rate caps with 32 states capping APR at 36%;...
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