#consumer-lending tag

More families in Southeast Asia sinking into debt

Mainland Southeast Asia faces a household debt crisis as millions borrow for basic living expenses rather than investment, driven by weak wages and inadequate public services.

Media industry

fromwww.independent.co.uk

4 days ago

Brits cashing in jewellery as gold price hits record high

Pawnbroker Ramsdens upgraded profit forecasts due to record lending levels driven by rising gold prices and consumers pawning jewelry for cash.

US politics

fromBusiness Insider

2 months ago

SoFi CEO says Trump's proposed credit card cap would drive people to personal loans, and that's good for SoFi

A proposed one-year 10% cap on credit card interest could reduce card lending profitability and shift consumers toward personal loans.

US politics

fromBusiness Insider

2 months ago

'This is a mistake President': Bill Ackman responds to Trump's call for a one-year 10% cap on credit card interest

Bill Ackman warned a one-year 10% credit card interest cap would prompt lenders to cancel millions of cards, forcing consumers to turn to loan sharks.

Startup companies

fromTearsheet

4 months ago

How to build a partnership that can survive market disruptions, power growth, and serve millions of customers ft. Cross River and Best Egg - Tearsheet

A deep BaaS-bank partnership enabled Best Egg to scale to $35 billion in loans and 2.5 million customers while evolving into sophisticated capital markets solutions.

Startup companies

fromFortune

5 months ago

Upgrade found a way to avoid the neobank meltdown-and just raised $165 million en route to an IPO | Fortune

Upgrade raised $165 million, serves 7.5 million customers, and thrives through diversified, loan-focused products and partnerships including BNPL and loan portfolio sales.

fromwww.housingwire.com

5 months ago

Rick Calle returns as loanDepot's chief strategy officer

Consumer Direct Lending is a key strategic advantage for loanDepot one of the few tech-powered, at-scale models of its kind with both best-in-class lead generation capabilities and top-tier customer recapture rates from our large servicing portfolio, Hsieh said in a statement.

Business

Growth hacking

fromTearsheet

11 months ago

Why Buy Now, Pay Later Is Growing w/ Zip CEO Joe Heck

Zip focuses on providing financial flexibility to underserved consumers, differentiating itself with responsible repayment plans and strategic partnerships.

#consumer-lending#consumer-lending