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Young Consumers Love to “Buy Now, Pay Later” – Here’s What to Know About the Explosive Fintech Trend

Perficient

Buy now, pay later (BNPL) is a type of point-of-sale installment loan that partners with retailers to allow consumers to pay for their purchases in multiple equal payments. When online shopping, if a retailer has a partnership with a BNPL platform, the customer can choose it as their payment method when placing their order at checkout.

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BBVA, Prosper Partner To Offer Easier Home Equity Loans

PYMNTS

Online lending marketplace Prosper has teamed up with BBVA USA to offer a new way for consumers to apply for a home equity line of credit (HELOC), which involves significantly less paperwork and waiting than traditional means, according to a release.

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BBVA, Prosper Partner To Offer Easier HELOC Application Process

PYMNTS

Online lending marketplace Prosper has teamed up with BBVA USA to offer a new way for consumers to apply for a home equity line of credit (HELOC), which involves significantly less paperwork and waiting than traditional means, according to a release.

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CFPB announces settlement with payday and auto title loan lender to resolve alleged CFPA, FCRA, and TILA violations

CFPB Monitor

Cottonwood operates approximately 340 retail lending outlets in Idaho, Illinois, Michigan, New Mexico, Texas, Utah, and Wisconsin under the name Cash Store. The CFPB announced that it has entered into a settlement with Cottonwood Financial, Ltd., The consent order requires Cottonwood to pay a civil money penalty of $1.1

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15 Minutes With … Jimmy Rasmussen

Independent Banker

Rasmussen: Yes, it is an honor to serve the Group 3 Banks in Texas, southern New Mexico and northern Louisiana for three more years. Our lending strongly supports our tourist economy. We also financed several hotels, restaurants, cruise parking lot owners and other retailers that depend heavily on our tourism trade.

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We analyzed 7 of the fastest-growing personal finance apps of all time to figure out the secrets to their success — here’s what we learned

CB Insights

Robinhood’s goal was not to build an app for day-traders or portfolio managers; it was to build an app for the first-time retail investor. New Mexico — #16 in Credit Karma searches. You can lose a lot of money as a retail investor betting on a company in one of these sectors. Texas — #13 in Credit Karma searches.

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