The CBRC issued a warning that the surge in consumer loans could pose a risk to the country's lending system; they noted that lenders should not try to push up the consumer leverage ratio and they should take lessons from the US subprime mortgage crisis; recent reviews of loan books show misuse of loans for housing down payments and banks need to stay closer to lending regulations. Source.
We have another busy week of great sessions for LendIt Fintech Digital: Tuesday 12pm ET – The Power of Mental...
Consumer lenders Ally Financial and Synchrony Financial do not yet believe the current crisis will be as bad as the...
While most of the fintech world has been focused on small businesses since the onset of the crisis there is...
Understanding the products that work for you as a consumer is a key question all borrowers ask themselves; at LendIt USA 2017 the panel entitled Consumer Lending Leaders of Tomorrow discussed some of the up and coming platforms in the market today; LendingUSA focuses on point of sale financing to offer installment loans for expenses like a medical procedure, Uplift Financial uses 600 million pieces of data to tailor the best loan product to you from their network, MoneyLion provides financial wellness advice to help the consumer better understand the loan that fits their situation and BorrowersFirst uses their technology to offer a low cost product to their borrowers; these lenders have taken the time to understand consumers so they can provide the type of variety people are looking for in a market that continues to evolve. Source
Reuters reports that Colchis Capital Management, a major player in investing in online direct lending platforms is winding down its...
In this week’s PeerIQ Industry Update they cover the recent remarks by Fed Chairman Powell who says the recovery will...
While most of the fintech world has been focused on small businesses since the onset of the crisis there is...
We asked the CEOs of several consumer lending fintech leaders three questions about what is in store for 2024.
Embedded finance is experiencing supercharged adoption. Consumers may consider options in loyalty to brands.