The Financial Conduct Authority is proposing new rules for those that offer cash savings; under the plans, financial institutions will...
Federal Reserve Chairman Jerome Powell has reiterated the central bank would be patient in raising interest rates this year after...
There has long be rumors that there was a split amongst democrats over whether extending the 36 percent rate cap...
The Fed took the unprecedented step of cutting rates to near zero to help ease the blow of Coronavirus and...
Wednesday, Federal Reserve chair Jerome Powell announced the fed would raise interest a half a percent to combat post-pandemic inflation.
Lend Academy looks at the shift of returns and interest rates at LendingClub; the company recently brought F & G loans in house and there is a noticeable shift in loan grades offered by the platform. Source
The Federal Open Market Committee (FOMC) ended its two-day policy meeting on Wednesday and released an afternoon announcement reporting no change to the central bank borrowing rate which will remain at 0.25% to 0.50%; as expected the FOMC's statement did indicate that a rate hike in December was likely with new language saying the 2% inflation objective is near and that the Fed only needs "some further evidence" of economic progress for a rate increase; globally the US is one of few central banks tightening monetary policy; many are easing with negative rates; Japan's central bank borrowing rate is -0.10% and the ECB central bank borrowing rate is at 0% for the Eurozone; the Bank of England will be meeting on Thursday and is expected to keep its rate unchanged with further easing in 2017. Source
The Bank of England decided to keep rates steady at 0.5 percent which will be a big benefit to P2P...
California has capped interest rates at around 37% per year on some consumer loans; despite this companies are able to...
We asked the CEOs of several consumer lending fintech leaders three questions about what is in store for 2024.