There has long be rumors that there was a split amongst democrats over whether extending the 36 percent rate cap...
The Financial Conduct Authority is proposing new rules for those that offer cash savings; under the plans, financial institutions will...
Fintechs have started to follow the Fed and slash rates on savings accounts by an average of 1 percent; the...
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
As every p2p investor should know each month we receive principal plus interest on the notes in our Lending Club...
The UK based Financial Conduct Authority is proposing new rules to simplify the savings market; banks will be able to...
Wednesday, Federal Reserve chair Jerome Powell announced the fed would raise interest a half a percent to combat post-pandemic inflation.
Federal Reserve Chairman Jerome Powell has reiterated the central bank would be patient in raising interest rates this year after...
You could fit the entire population of New Zealand (4.5 million people) in the New York City boroughs of Queens...
When borrowers apply for a loan at Lending Club or Prosper there are probably two main things they want to...