Reston, Virginia-based financial technology company StreetShares announced last Thursday, October 22, 2020, in its press release that it had successfully secured a $10 million investment round for its lending tech expansion suite.
The funding round was led by Motley Fool...
Wells Fargo & Co. has fired more than 100 employees last Wednesday, October 14, 2020, after saying they participated in defrauding a COVID-19 pandemic relief fund from the United States Small Business Administration.
News of the fraudulent scheme comes as...
The United States government, which decided to forgive pandemic loan under the Paycheck Protection Program (PPP), has started to waive payments, said Reuters. This comes in light of complaints and warnings from various parties.
The $525 billion-relief plan aimed to...
The Philippine Securities and Exchange Commission (SEC) has revoked FCash Global Lending Inc.’s license after several complaints about unfair collection practices.
In a statement last Monday, September 28, 2020, the Securities and Exchange Commission revealed that it took FCash Global’s...
United Kingdom British finance minister Rishi Sunak is slated to extend the Government Treasury’s business lending schemes in light of the continuing fight against the virus pandemic. According to Reuters, the four loan schemes will be extended until the...
The Asian Development Bank (ADB) approved another emergency loan to the Philippines amounting to $500 million last Thursday, September 10, 2020. The policy-based loan is reportedly aimed to provide relief to the country as it battles disasters and fights...
Crowdfunding platform Crowd2Fund announced its relaunch and features an updated credit model for its website.
The lender also announced its plans to extend its support of businesses and scale its Reboot Britain campaign. New listings were put to a halt...
The United Kingdom government’s debt recently reached a new high when it accumulated over £2 trillion in light of the virus pandemic spending, reported BBC. The overall 2020 debt so far has exceeded its 2019 figures.
According to the Office...
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...
As the Congress further delays its decision regarding the proposed stimulus plan, President Donald Trump said Thursday, August 6, 2020, that plans to address student loan relief amid the pandemic via an executive action are currently underway.
In a tweet...
