article thumbnail

Today In Payments: Default Fears Mount As China’s Banks Encourage Loans; Goldman, Morgan Stanley Predict Economic Devastation

PYMNTS

In today’s top news, state-owned financial institutions in China are offering incentives to boost consumer lending, and economists at Goldman Sachs and Morgan Stanley predict the coronavirus will be economically devastating. Beijing is looking at personal lending as a way out of the economic crisis brought on by the coronavirus.

article thumbnail

Elevate To Take Another Crack At An IPO

PYMNTS

Conditions now are different, however, with investors looking for new issues — and the Fort Worth-based firm is ready to try and surf that demand wave. Still, lending can be a tough place to go looking for investor love — a fact that LendingClub Corp. Online lender Elevate Credit, Inc. and U.K. — and On Deck Capital, Inc.

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 announces new appointments to advisory groups

CFPB Monitor

According to the CFPB, the new members “include experts in consumer protection, financial services, community development, fair lending, civil rights, consumer financial products or services, representatives of community banks and credit unions, and scholars with relevant methodological and subject matter experience.”

article thumbnail

Bankers: Is your strategy the same as your competitor?

Jeff For Banks

Lending services include commercial loans to small to medium-sized businesses and professional concerns as well as consumers. We serve our local geographic market which is the Dallas - Fort Worth metropolitan area. We believe we can effectively compete as a community bank in our market area and the niche markets we serve.

Strategy 100