The US Treasury said on Thursday, March 3, that it would invest $9 billion in minority and community lenders to help small businesses and consumers in low-income and underserved communities cope with the coronavirus pandemic.
The Emergency Capital Investment Program...
The Italian government is requesting the European Union for another extension of the guarantee on the securization of non-performing loans (GACS), according to Reuters’ sources. With the EU’s approval, the extension would open the third year for Italy.
Italy is...
Bengaluru-based financial technology lending platform KreditBee raised $70 million in a Series C investment round. The funding round was raised through its holding entity Finnov, states the Economic Times.
The Series C investment round was led both by NewQuest Capital...
Yorkshire Building Society re-introduces its 95% mortgages in the mainstream market. It will be the first lender to do so after almost a year since the pandemic frightened lenders into pulling out low-deposit home loans.
The mortgage offer will only...
The United Kingdom is slated to launch a new recovery loan scheme for companies on Tuesday, April 6, 2021. The new loan scheme is backed by the government of Britain and aims to help businesses gain access to a...
Marijuana products producer GTEC Holdings, Ltd. repaid its six-million-dollar debt to NFS Leasing Canada Ltd., according to a press release published by Yahoo! Finance. The debts were in the form of Senior Secured Promissory Notes.
The promissory notes, which were...
DBS Group, a Singapore bank, announced on Friday that lending for customers who derive revenue from thermal coal will be phased out. It had pledged to have no connection to the industry by 2039.
The bank's decision was influenced by...
On March 18, 2021, LenDenClub, a peer-to-peer (P2P) lending site headquartered in Mumbai, announced that it had successfully merged with Google Pay and was now available on its system. It is the first peer-to-peer lending site to connect with...
Some businesses that received their first Paycheck Protection Program (PPP) are offered safe harbor by the Internal Revenue Service (IRS) and the Treasury Department, said the Journal of Accountancy. This opportunity was opened upon the implementation of Revenue Procedure...
A partnership between the American Warrior Initiative (AWI), Fairway Wholesale Lending, and Fairway Independent Mortgage Corporation, aims to gift a service dog for a dedicated veteran.
Fairway established the non-profit AWI in 2015 to support deserving veterans through local branch...
