The Philippine Securities and Exchange Commission (SEC) ordered the shutdown of three illegal online lenders last January 21, 2020. The SEC’s order came after discovering that the three online lending platforms operated without proper licenses.
The three platforms are Peso...
Phoenix, one of the largest cryptocurrency market platforms in the world, announced on Thursday, June 6, that lenders in its bitcoin margin lending pool lost around 1800 BTC, which is roughly around $13.5 million at current market prices, due...
The US Federal Trade Commission (FTC) is sending a total of $5.4 million in compensation to nearly 40,000 people affected by the student loan debt relief scam.
People who send fees to EZ Doc Preps for student loan relief services...
India-based startup Paysense is set to explore lending opportunities with the acquisition of a new non-banking finance company.
In a report from Economic Times, the venture-backed, financial services startup is said to be currently seeking the approval of Reserve Bank...
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...
The Reserve Bank of New Zealand (RBNZ) recently said that it will not lift mortgage restrictions due to rising risks. The RBNZ’s six-month Financial Stability Report revealed the country’s financial system remains stable. However, risks continue to increase, reported...
About 150,000 Thomas Cook passengers were stranded in different airports overseas after an announcement was made that the tour operator will be going out of business.
After the notice, flights and bookings operated directly by the agency were all canceled....
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 Bank of Japan reportedly experienced a massive surge in virus loans following the launch of its new lending program, with as much as five times the normal showing interest in the second lending program, reveals Bloomberg.
On Wednesday, June...
Gurgaon-based online lending platform Indifi has raised a total of ₹1,450 million ($21 million) in its series C financing round led by UK's development finance institution, the CDC Group, along with other existing investors, such as Accel India, Omidyar...
