Post Tagged with: "loans"

Yodlee Widens Its Lending Services with Credit Risk Data Product

Yodlee Widens Its Lending Services with Credit Risk Data Product

by April 11, 2016 at 10:00 am 0 comments

A few weeks ago Yodlee partnered with Vanguard to practice wealth management. Now the firm’s palette is expanding yet again, to leverage its data to help FIs provide loans to the underbanked. Today, Yodlee is releasing Risk Insight, a way to automate the logistical toils of evaluating potential borrowers’ credit. The toolRead More

Square Capital Moves Beyond Cash Advances to ‘Flexible Loans’

Square Capital Moves Beyond Cash Advances to ‘Flexible Loans’

by March 28, 2016 at 3:33 pm 0 comments

Is it best to dip a toe in the water, or jump in for a cannonball? According to Square, a slow and constant march into the wading party beats both. The payments company announced today it would move beyond cash advances into a more general loan product. This may meanRead More

bittersweet symphony redux?

Can a Mobile Lending App Save Millennial Credit Ratings?

by March 16, 2016 at 12:21 pm 6 comments

Millennials hate credit — but a new service called Lenny is out to change that. Lenny is meant for mobile (of course) and launched today in California. It will reach Texas, Florida and New York in the next 10 to 12 months, according to the company, which claims that, in less than threeRead More

open  for business

CFPB Begins Fielding Marketplace Lending Complaints

by March 7, 2016 at 6:01 pm 4 comments

Today, the Consumer Financial Protection Bureau began accepting complaints regarding online marketplace lending. While no official regulations have yet been placed on online marketplace lending or investors, many industry watchers suspect this move is a prelude to the introduction of formal regulation in the online marketplace lending sector. Complaints received byRead More

thin file

Affirm Will Soon Help Customers Build Credit Histories

by March 4, 2016 at 2:48 pm 1 comment

Affirm, the lending startup piloted by PayPal co-founder Max Levchin, recently announced plans to report its loan data to the credit bureaus. This will help customers with thin files, particularly millennials, to bolster their credit histories. Affirm provides point-of-sale loans that allow customers, particularly millennials, to finance purchases with participatingRead More

A Call for National Electronic Financial Records

A Call for National Electronic Financial Records

by October 26, 2012 at 9:58 am 2 comments

I was watching Brett King’s enlightened video introducing his new book this morning, and I found myself nodding in agreement. Yes, the central value proposition of branches seems flawed. But then I pulled up the mortgage refinance “information questionnaire” my loan broker recently sent me. See, I want to refinanceRead More

Loan Portfolio Tool Launches for Community Banks

Loan Portfolio Tool Launches for Community Banks

by August 6, 2012 at 9:27 am 0 comments

Community banks are gaining a new tool option to better track their loan portfolios. The thrust of the new offering, called Bank Operating System, allows FIs to peek inside their existing loan-production pipelines and portfolios through a dashboard, doc manager and reporting.

How Evolving American Dreams Affect Banks

How Evolving American Dreams Affect Banks

by July 31, 2012 at 12:20 pm 0 comments

A white picket fence, two cars and a cottage isn’t the dream of all Americans. Certainly, it’s not mine. (Which is a good thing – I’d be a long way off from affording the lifestyle.) Some simply dream to take impromptu vacations to Costa Rica, while others hope to just buy a solid bed without busting the bank account.