This week saw my first face-to-face meeting with Prosper management in several months and there was a lot to talk...
Bank lending is once again off to a slow start in 2018, but signs show the slowdown will only be temporary; the recent tax cuts could help to spur more borrowing; interest rate rises on the other hand could hurt companies looking to potentially borrow; as the economy keeps trending positively banks should see lending pick up in the coming months. Source.
I noticed this article in the New York Times yesterday. The gist of it was that banks literally have too...
Mortgage fintech Blend is on a roll; Blend’s customer base now accounts for more than 25% of the $2.1 trillion...
According to a new report from Accenture high street banks face the possibility of losing up to 8 percent of...
[Editor’s note: This is a guest post from Matt Shibata, a Portfolio Manager at Morling Financial Advisors, where he provides...
The Bank of England kept its central bank borrowing rate at 0.25% and decided to continue with its $86 billion asset purchase program; while no changes were made to monetary policy, the BOE changed its guidance; with an increased focus on inflation in the region, the BOE said it would be prepared to raise rates in order to keep inflation at its 2% target rate. Source
The Fed took the unprecedented step of cutting rates to near zero to help ease the blow of Coronavirus and...
The California legislature is getting closer to approving legislation that would cap interest rates at 36 percent on loans between...
We asked the CEOs of several consumer lending fintech leaders three questions about what is in store for 2024.