Many student-loan borrowers have fled the U.S. to keep from paying their loans.
Those who remain in the country are struggling to repay their debt. According to Bloomberg, student loans have the highest 90-day delinquency rate of all types of...
In a recently published annual report by LendEDU, the firm revealed that the current student loan debt in the whole country amounted to $1.52 trillion, with countless individuals living in debt as they graduate from school. Following this, numerous...
China Banking Regulatory Commission said peer-to-peer (P2P) lending investors saddled more than 800 billion yuan in debt following the failed lending platforms.
What was once 6,000 businesses strong, the P2P lending sector reduced to only a few dozens after new...
Korean tech giant Samsung launched its digital lending platform called Samsung Finance+ in India on Thursday, Sept 26. According to a report from Reuters, the financing product was engineered to help boost Galaxy smartphone sales in the South Asian...
London-based mortgage company Habito is slated to launch its new lending service, says TechCrunch. The digital service provider will start providing direct loans using its own mortgages. This move came after the firm received the right permits to operate...
Singapore-based lending startup FinAccel revealed Monday, Dec 2, it has secured a $90 million capital in a Series C equity funding round led by Asia Growth Fund and Square Peg. The fundraising round marks one of the largest funding...
The Federal Reserve is mulling on imposing a stricter policy on foreign bank branches to tighten the "loophole" that allowed overseas lenders to protect its assets from U.S. bank rules, people privy to the matter said.
The potential rule change...
Three online lending firms in the Philippines have been fined by the National Privacy Commission (NPC) due to a series of debt shaming incidents. Executives from these firms reportedly fail jail time for up to 7 years. Moreover, these...
Aclaro, Inc. recently launched its prime auto lending products and services, Auto Finance News reported. This comes after the fintech company released its artificial intelligence technology in the subprime lending industry.
Its venture into the auto loans sector allows a...
On Sunday, June 27, 2021, HSBC stated that they are pledging $5 billion in financing to "outstanding" firms in the United Arab Emirates to assist fuel the Gulf country's growth goals.
The UAE's economy struggled in 2020 when important industries...
