Remove 2001 Remove Cards Remove Lending Remove Marketing
article thumbnail

Consumer Lending: Should Banks Do It?

Jeff For Banks

When I first read Standards Needed for Safe, Small Installment Loans from Banks, Credit Unions by the Pew Charitable Trusts that encouraged financial institutions to get back into small ticket consumer lending, I thought “what are they nuts!” Ever since we formed our company in 2001, this has been the case. And it wasn’t an anomaly.

Lending 60
article thumbnail

Data Dive, Farewells Edition: Apple, Chase, SoFi, Uber

PYMNTS

Stripe rolled out chargeback protection, Apple rolled out its take on sign-in authentication , Mastercard launched an open banking platform and Visa and Western Union paired on a global push to card payments – and those are just the top headlines. Finn accounts will now be changed over to Chase accounts.

Apple 122
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

CFPB Opens Floodgates For Online Marketplace Lender Complaints

PYMNTS

The bureau also released a bulletin about the marketplace lending industry and provided tips for consumers who are looking for alternative financing options. By accepting these consumer complaints, we are giving people a greater voice in these markets and a place to turn to when they encounter problems.”.

Online 100
article thumbnail

B2B FinTechs Diversify Funding Strategies With M&A, IPOs

PYMNTS

Talk of a decelerating FinTech venture capital market continued to mount this week with reports that digital banking startup Aspiration is struggling to raise money. raised $10 million from SEB Bank and Seed Capital for its commercial card technology. Cardlay, based in the U.K., Also in the U.K., Funding Xchange secured $10.3

Strategy 109
article thumbnail

Everything You Need To Know About What Amazon Is Doing In Financial Services

CB Insights

In parallel, Amazon has made several fintech investments, mostly focused on international markets (India and Mexico, among others) where partners can help serve Amazon’s core strategic goal. Market strategy outside the US. Through trial and error, the company has set up key financial pillars across payments, cash deposits, and lending.

Cards 101
article thumbnail

A Decline in Personal Savings

TrustBank

By the 1990’s, improvements in technology and further changes to securities regulations made it easier for corporate customers to access financial markets directly. This forced banks to renew their focus on middle market commercial banking and consumers. Recall the NINJA loans (No Income, No Job, Apply).

US 52
article thumbnail

Will Risky Supplier Financing Light The $1.3T Debt Bomb’s Fuse?

PYMNTS

Stock markets around the globe seem to be in freefall. Consumers may feel a pinch (eventually) in the wallet, as credit card debt and mortgages become more expensive. The] interesting thing at the top of stock markets and the [top] of debt markets is that the data looks great.”. Interest rates are marching higher.

Capital 131