Jeff For Banks
APRIL 12, 2018
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.
PYMNTS
MARCH 8, 2016
The bureau also released a bulletin about the marketplace lending industry and provided tips for consumers who are looking for alternative financing options. Last month, MPD CEO Karen Webster weighed in on the subject of marketplace lending, posing the question: Is the tide going out on marketplace lending?
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Fintech Labs Insights
APRIL 12, 2024
Innovations from 1995 to 2014 (with launch dates) Note: Ranking as of Jan 2014 Wells Fargo is first in the world to offer Web-statement access (launched May 1995) Security First Network Bank launches first full-service Internet bank brand (Oct 1995, disbanded 2002) PayPal launches first online optimized payment system (Nov 1999, bought by eBay in 2003) (..)
PYMNTS
NOVEMBER 22, 2019
raised $10 million from SEB Bank and Seed Capital for its commercial card technology. million as it prepares to launch its lending-in-a-box offering, according to Asset Finance International. Bancorp in 2001 in a $2.1 Cardlay, based in the U.K., Also in the U.K., Funding Xchange secured $10.3
CB Insights
DECEMBER 4, 2019
Through trial and error, the company has set up key financial pillars across payments, cash deposits, and lending. Swipe fees alone are a $90B-a-year business for banks, card networks like Visa, and payment processors like Stripe. Table of Contents: Amazon’s product strategy. Amazon’s Next Financial Pillar. Closing thoughts.
TrustBank
DECEMBER 8, 2022
Adding to the observation is the fact that from roughly 2001-2006, a devastating housing price bubble formed due to lax lending standards. According to the S&P/Case-Shiller US National Home Price Index, home prices rose a whopping 63% over that period (2001-2006) before beginning to crater heading into the Financial Crisis.
PYMNTS
OCTOBER 12, 2018
Consumers may feel a pinch (eventually) in the wallet, as credit card debt and mortgages become more expensive. Non-financial corporate debt, as a percentage of [gross domestic product (GDP)], is much higher than it was in 2007 and much higher than it was in 2001 … and, interestingly, much higher than it was in 1929,” he said.
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