Lending - Live News America

Plenti plots peer-to-peer lending revival as funding costs rise

Digital lender Plenti believes the peer-to-peer lending model could still have a viable future in a world of higher interest rates and volatile sharemarket returns, as fintechs grapple with sharply rising funding costs. Peer-to-peer lending – where investors lend their money to borrowers via an online platform, bypassing banks – was once touted as an … Read more

Genesis lending unit halts withdrawals in aftermath of FTX collapse

FTX logo with crypto coins with 100 Dollar bill are displayed for illustration. FTX has filed for bankruptcy in the US, seeking court protection as it looks for a way to return money to users. Jonathan Raa | Nurphoto | Getty Images In the latest fallout from FTX’s rapid collapse last week, the lending arm of the … Read more

Beijing bourse unveils rules for margin trading, securities lending

The Beijing Stock Exchange has unveiled rules for margin trading and securities lending to prepare for the start of such businesses. The new businesses will help meet investors’ diversified trading demand, improve the pricing function of the market and boost market liquidity, according to the bourse. The rules are generally in line with those of … Read more

What is a payday loan and other types of predatory lending?

Financial watchdog groups have raised concerns about predatory lenders taking advantage of low-income Americans in need of quick cash as soaring inflation squeezes consumers. So, what is a predatory loan? Predatory lending imposes unfair or abusive loan terms on borrowers, including triple-digit interest rates and narrow time windows for repayment. Meanwhile, a “fair” loan guarantees the same … Read more

Court ruling on payday lending could impact mortgage markets

Signage at the Consumer Financial Protection Bureau (CFPB) headquarters in Washington, D.C. Andrew Kelly | Reuters A court tossed out a regulation written by the Consumer Financial Protection Bureau for payday lenders last week, saying the agency’s funding was unconstitutional and that it, therefore, lacked the ability to curb the industry. The U.S. Court of … Read more

JSW Group to foray into lending with Rs 400 cr investment in captive NBFC

The Sajjan Jindal-led JSW Group is foraying into the lending space with an investment of up to Rs 400 crore in a captive non-bank lender housed in its e-commerce arm, a senior official has said. The non-bank finance company (NBFC) will be a subsidiary of the JSW One Platforms (JSWOP) and will … Read more

Judo Bank tightens lending as rates ramp up

“I don’t want to stick my head in the sand and say that we’ve never had a big correction, the property market’s a safe bet, nothing could ever go wrong. Because that’s not reality, things can go wrong. I’m nervous about the psyche that says ‘she’ll be right’.” It’s not the average borrower that brings … Read more

A Free E-Bike Lending Program Just Launched In Pacoima. Here’s How It Works

Start your day with LAist Sign up for the Morning Brief, delivered weekdays. A new mobility program will give Northeast San Fernando Valley residents access to free e-bikes. Dubbed Electro-Bici, the Pacoima-centered program will function as a “bike library,” lending e-bikes long-term to residents there and in neighboring communities. It won’t be the bike-sharing rack … Read more

STFC not considering increase in lending rates: Company vice president

Vehicle financier Shriram Transport Finance Company (STFC) sees demand recovering this financial year. Umesh Revankar, the company’s vice chairman and managing director, said STFC’s prefers being a non-banking financial major and not go for a banking license. In an interview with Shine Jacob, he said the company’s merger with Shriram City … Read more

HDFC raises Retail Prime Lending Rate on housing loans by 50 bps

Housing Development Finance Corporation Ltd (HDFC) on Thursday said it will raise Retail Prime Lending Rate on housing loans by 50 basis points from June 10, 2022. “HDFC increases its Retail Prime Lending Rate (RPLR) on Housing loans, on which its Adjustable Rate Home Loans (ARHL) are benchmarked, by … Read more