Crypto executives push congress to allow stablecoin issuers to pay interest
Currently, stablecoin issuers earn interest on the U.S. Treasuries and other cash equivalents they hold to maintain a peg on the dollar,...
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Ocrolus, Entech unite to improve loan application reviews
By combining Ocrolus’ intelligent document processing technology with Entech’s loan origination platform and technology services, lenders...
Your credit report now knows when you buy stuff with the ‘pay later’ option
If you buy a pair of shoes or makeup and choose the option to pay later, it could show up on your credit report. Affirm will begin...
Millions of student borrowers are at risk of credit-score falls
More than nine million student-loan borrowers are set to see their credit scores drop in the first half of this year, according to...
Klarna dethrones Affirm with buy now, pay later at Walmart
“This is a game changer,” said Klarna’s chief executive officer Sebastian Siemiatkowski. The deal gives Klarna access to the big box...
SoFi lands $5b to expand loan platform business
The two-year deal with Blue Owl reflects an increasing demand for personal loans from members and debt investors and boosts SoFi’s...
Block bets on lending expansion after stock slump
The company said it secured approval from the Federal Deposit Insurance Corporation to originate loans through its banking subsidiary,...
Big banks play catch-up with fintech startups in deferred payments
Big banks are looking to expand into the growing area as regulations that limited deferred payments lending, and the fees that providers...
Share of UK lending to first-time buyers reaches record high
People joining the property ladder accounted for 29.6 per cent of all mortgage lending in the final quarter of 2024, according to data...
Private credit eases off mega loan deals as banks regain ground
In the first two months of 2025, banks increasingly replaced private debt with syndicated loans, reversing last year’s trend. The share...
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