Two out of four key players in Australia’s banking sector reportedly amplified their lending to companies in the fossil fuel industry, The Guardian reported. This is despite the banks’ public announcements supporting the Paris climate agreement.
According to a study...
A group of four Kenyan banks launched the mobile lending platform Stawi. The lending app reportedly provides loans ranging from Ksh. 30,000 to Ksh. 250,000.
The four banks which launched Stawi are the Cooperative Bank, the Diamond Trust Bank, the...
The South African lawmakers are pushing for the National Credit Amendment (NCA) Act, which seeks to assist thousands of residents with debts to relieve their financial situation, BusinessTech said. However, ENews Channel Africa (eNCA) noted that the so-called debt...
Following requests from the Securities and Exchange Commission, the Central Bank of the Philippines is now mulling over the possibility of providing an interest cap for lending and financing institutions within the country.
Last Monday, October 28, 2019, Chairman Emilio...
Israeli lending business Become announced its successful round of funding last Tuesday, October 29, 2019. In the recent Series A investment round, the company closed $12.5 million.
Become is the lending platform which provides financial lending solutions to small and...
The Trump administration stated last Monday, Oct. 28, that it would ease the lending sanctions to banks to encourage them to offer loans to low-income borrowers.
The government pushes for an increase in the lending market by helping banks get...
Digital lending company Blend recently released a new offering for car buyers, PR Newswire reported. Blend’s newly launched auto lending product is consistent with the company’s goal to provide simple and transparent lending services to borrowers, while also streamlining...
Wells Fargo, the fourth-largest U.S. lender by assets, has let go of more than 200 bankers in its U.S. lending divisions in recent months in reaction to current business trends and to restructure some of its units, Reuters reported.
According...
The National Privacy Commission (NPC) recently shut down an additional 26 online lending businesses. These online lending entities reportedly used collection tactics that publicly shamed and humiliated borrowers. Other charges against these lending companies include breach of privacy.
Following numerous...
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...
