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New Study Suggests Online Lenders Target Vulnerable Consumers

PYMNTS

The Federal Reserve Bank of Cleveland issued new research on the online lending market showing that borrowers end up in more debt than consumers who don’t utilize this method of borrowing. The Philadelphia and Chicago Federal Reserve recently conducted a more granular study and reached the opposite conclusion as this Cleveland Fed research.”

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Rocket Mortgage Parent Plans $3.3B IPO

PYMNTS

The offering will be led by Goldman Sachs Group Inc., Morgan Stanley , Credit Suisse Group AG, JPMorgan Chase & Co. Gilbert, who also owns the National Basketball Association (NBA) team the Cleveland Cavaliers , controls 79 percent of the voting power for the company’s common stock. His net worth is sitting at $7.8

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Quicken Loans May Be Readying IPO

PYMNTS

Recently, though, debuts from Warner Music Group, Vroom and ZoomInfo have done very well on their first days of trading, and the IPO market seems to be crawling back to life, as more companies begin to feel encouraged to take the leap to go public.

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Walgreens Teams With DoorDash For On-Demand Delivery

PYMNTS

Walgreens and DoorDash intend to expand the selection to over 5,000 products and bring the service to customers in other markets such as Seattle and Cleveland, among others, by the conclusion of this summer. Rowe Price Group Inc., and others per unnamed sources in a report.

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Bidder for aerospace firm Meggitt should be pressed to beef up its commitments | Nils Pratley

TheGuardian

Parker Hannifin could potentially be a decent owner but its commitments are too easy to wriggle out of The only simple element in US group Parker Hannifin’s £6.3bn bid for Coventry-based defence and aerospace business Meggitt is the takeover premium: an offer at 71% more than last week’s share price counts as fat by any measure.

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PYMNTS Daily Data Dive: The Underbanked Still A Problem In The US

PYMNTS

Digital banking trends and advancing technology can imply that the unbanked or the underbanked are a diminishing group in U.S. Unfortunately, this group is likely to be low income, to have suffered an economic shock, or to face high costs when accessing their funds. Here are the numbers: $32.5 10 million | The number of U.S.

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Google Pay Now Supports Cards From 13 More US States

PYMNTS

The banks included the Arundel Federal Savings Bank, the Greater Cleveland Community Credit Union, the Greenleaf Wayside Bank, the Lakestone Bank & Trust, the Peoples Bank of Kankakee County and the Sanford Institution for Savings. In December, Google Pay added about 30 new U.S.

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