Remove Lending Remove Meeting Remove Millennials Remove Taxes
article thumbnail

AltFin’s Bumpy Ride Into An Uncertain 2019

PYMNTS

These secretly vulnerable consumers, Webster noted, often use debt to make ends meet, either on credit cards or through alternative vehicles like online lenders. The rising rates have not only made debt more expensive, but they have been a weight on loan growth across both bank and FinTech lending platforms in the back half of the year.

article thumbnail

Are Employers The Low-Dollar Lenders Of The Future?

PYMNTS

As the controversy around payday lending continues to swirl and questions about how and if low-dollar loans can be offered to low-income workers in a fair and low-cost manner are brought up more and more, a new potential source of such funds has started striding onto the field. The move comes as the American worker is facing leveled-up debt.

New York 100
Insiders

Sign Up for our Newsletter

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

article thumbnail

What The Climbing Debt Defaults Really Mean For The Economy

PYMNTS

Late payments and out-and-out defaults and charge-offs are on the rise across a few lending segments. A fair portion of that interest rate, according to the Fed, was an uptick in mortgage lending. The trouble in the auto lending segment is a story of the subprime borrower — something that seems to be getting worse.

Lending 105
article thumbnail

Axos Invest Review: Automate Your Investment Portfolio

MyBankTracker

Tax loss harvesting and unlimited automatic rebalancing. You just need to meet the $500 minimum to get started. Are Tax Loss Harvesting and Automatic Rebalancing Included? Tax loss harvesting and rebalancing are both good features to have with an online brokerage account. More tax-efficient.

Taxes 52
article thumbnail

From Investing To Budgeting, How Millennials Are Disrupting Personal Finance

CB Insights

While the media often portrays millennials as preoccupied with the rising prices of festival tickets and avocado toast, their real financial concerns are a bit more practical. But millennials face significant headwinds in making those financial dreams a reality. get the REPORT on next generation investors. From big banks to big tech.

article thumbnail

5 Reasons to expand small business lending

Abrigo

In the 2015 Growth Strategy Survey by Bank Director , the most commonly cited areas for growth were Commercial Real Estate Lending, C&I loans, SBA loans, and Construction loans. This is compounded by the growing trend of Millennial small business owners. This was especially true for young start up firms in high growth stages.

Lending 150
article thumbnail

Why Aspiration Says Big Banks’ “Bad Decisions” Were Its Gain

PYMNTS

Those who do not meet those criteria will pay a $12 monthly fee. They also questioned the move in light of the lift BoA received from last month’s federal legislation, which slashed taxes for corporations. Cherny noted that while his firm serves all demographics of customers, millennials tend to be their largest audience.

America 109