LendingClub is increasing their interest rates to new borrowers ranging from 2% to 4% depending on the loan grade; LendingClub...
Fintechs have started to follow the Fed and slash rates on savings accounts by an average of 1 percent; the...
The California legislature is getting closer to approving legislation that would cap interest rates at 36 percent on loans between...
The UK based Financial Conduct Authority is proposing new rules to simplify the savings market; banks will be able to...
Regular readers of this blog will know how much I like the repeat borrower segment of p2p lending. Only officially...
According to a new report from Accenture high street banks face the possibility of losing up to 8 percent of...
Most borrowers, when applying for a loan on Lending Club, don’t give much thought to their loan amount. They have...
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
[Update Feb 6, 2012: this promotion is now over. Lending Club will, of course, honor loans still on the platform...
The Financial Conduct Authority is proposing new rules for those that offer cash savings; under the plans, financial institutions will...