Gatehouse Bank Reduces Rental Rates on Buy-to-Let Products for UK Expats and International Residents
- 2 months 6 days ago
- Lending
Gatehouse Bank has today announced a rental rate* reduction of 0.24% across its full range of two-year fixed term Buy-to-Let (BTL) Purchase Plans, available to UK Expats and International Residents
Affirm Expands Credit Reporting With TransUnion to All Pay-Over-Time Products
- 2 months 1 week ago
- Lending
Affirm Holdings, Inc., the payment network that empowers consumers and helps merchants drive growth, is expanding the credit reporting of its pay-over-time products to TransUnion, the companies jointly announced today. All Affirm pay-over-time loans issued from May 1, 2025 onward, including Pay in 4 and longer-term monthly installments, will be reported to TransUnion.
SoFi Secures $3.2 Billion Expansion to Loan Platform Business Across Agreements With Fortress and Edge Focus
- 2 months 1 week ago
- Lending
SoFi Technologies, Inc. announced a $2 billion extension of its Loan Platform Business agreement for personal loans with funds managed by affiliates of Fortress Investment Group (“Fortress”). This extension builds on the original $2 billion Loan Platform Business agreement between SoFi and Fortress announced in October 2024. SoFi also signed a two-year agreement to originate an additional $1.2 billion in loans, with technology powered by a joint... more
LoanTube Partners With Evlo to Boost Funding Options for Non-Prime Borrowers
- 2 months 1 week ago
- Lending
LoanTube, the UK’s leading digital credit marketplace for underserved consumers and businesses, has partnered with lending provider Evlo to enhance access to transparent, real-rate loan comparison across Evlo’s unique branch-based digital lending network.
Zions Bancorporation To Implement nCino Platform and Intelligent Solutions As the Technology Foundation of Its Lending End-to-End Process Transformation
- 2 months 2 weeks ago
- Lending
nCino, Inc. , the leading provider of intelligent, best-in-class banking solutions, today announced that Zions Bancorporation has selected nCino as its technology platform as they digitally transform their loan origination process.
CFPB Offers Regulatory Relief From Registration Requirements for Small Loan Providers
- 2 months 2 weeks ago
- Lending
The Consumer Financial Protection Bureau is announcing today that, with respect to the regulation titled Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders, 89 Fed. Reg. 56028 (July 8, 2024) (codified at 12 CFR part 1092), it will not prioritize enforcement or supervision actions with regard to entities that do not satisfy future deadlines under the regulation to submit registration information.
Affirm Joins MoreThanFair To Advance Inclusive, Transparent Lending
- 2 months 2 weeks ago
- Lending
MoreThanFair, a community of organizations dedicated to improving access to affordable and inclusive credit for American consumers and small businesses, today announced that Affirm had joined as its newest member.
Yoo Financial Partners With Episode Six to Launch Its Range of Credit Card Offerings in Canada
- 2 months 2 weeks ago
- Lending
Episode Six (E6), a global provider of modern ledger and cards infrastructure, is continuing its growth in Canada through its partnership with Yoo Financial, a Canada-based financial institution with a principal issuing and acquiring license with Mastercard. Together, E6 and Yoo Financial will bring a new range of credit card offerings to the Canadian market.
Affirm and Shopify Accelerate Global Expansion of Shop Pay Installments
- 2 months 2 weeks ago
- Lending
Affirm, the payment network that empowers consumers and helps merchants drive growth, and Shopify, a provider of essential internet infrastructure for commerce, today announced the acceleration of their global expansion plans. Shopify merchants in Canada with early access can now offer Shop Pay Installments, exclusively powered by Affirm, to shoppers, marking the product’s first availability outside the U.S.
British Business Bank Agrees £100M ENABLE Guarantee Transaction With Cynergy Bank
- 2 months 4 weeks ago
- Lending
The British Business Bank has agreed an ENABLE Guarantee transaction of up to £100m with Cynergy Bank PLC, to support its asset-based lending arm Cynergy Business Finance Limited expand its lending to UK small businesses. The transaction will support Cynergy Business Finance’s invoice finance lending and is the first ENABLE Guarantee to support this asset class, further increasing the choice of debt finance options available for small to medium... more
FINOM Issues First Credit Line To Dutch Business As Company Enters SME Lending Market
- 2 months 4 weeks ago
- Lending
FINOM, the European financial services platform for entrepreneurs, has issued its first credit line to a small business in the Netherlands, marking the company's official entry into direct lending. This milestone comes as part of FINOM's pilot on-demand funding program for small and medium-sized businesses.
MoonPay Recurring Buys Now Live In The U.S.
- 3 months 3 days ago
- Lending
MoonPay, the leading global crypto payments company, announced today that its Recurring Buys feature is now available for users in the U.S., enabling them to automate repeat crypto payments. First unveiled to European users in January, Recurring Buys allows you to “set and forget” repeat crypto purchases made with your MoonPay Balance – MoonPay’s product feature that lets you deposit funds to your account for instant zero-fee purchases.*
One In Ten (9%) Parents Forced To Turn To Illegal Lenders In The Last Year
- 3 months 3 days ago
- Lending
One in ten (9%) parents with children under 18 say they’ve been forced to turn to illegal lenders in the last year, shows new research from responsible lender, Creditspring. This is more than double the UK average of 4%, prompting concerns over the long-term financial stability of many families. Overall, almost two million UK adults have borrowed from illegal lenders in the last 12 months*.
PayPal Surpasses $30B In Global Small Business Lending
- 3 months 4 days ago
- Lending
PayPal Holdings, Inc. today announced it has passed $30 billion in global loan originations* and has extended more than 1.4 million loans and cash advances to more than 420,000 business accounts globally since 2013, filling a critical gap for small businesses looking for capital to maintain a healthy cashflow and grow.
Incredible Partners With Monevo
- 3 months 4 days ago
- Lending
Incredible, a leader in simplifying credit card repayments, announces a strategic partnership with Monevo, a credit eligibility platform. This collaboration aims to empower consumers to manage credit card payments more effectively, regardless of their credit scores.
