J.D. Power: Consumer Loans Grow Among Financially Vulnerable
Activity in the consumer lending industry has grown over the past year, with financially vulnerable consumers making up nearly 40 percent of the customers, according to a new study from J.D. Power.
J.D. Power: Traditional Lenders Gain in Consumer Lending Satisfaction
Traditional lenders offering consumer loans outperformed financial technology firms in providing guidance, honest communication and reliable technology during the pandemic, according to a new study from J.D. Power.
Building Financial Security, Even During a Crisis
With hundreds of thousands out of work in Massachusetts, the executive director of Boston-based nonprofit Commonwealth, Timothy Flacke, sees ways for banks and credit unions to help build financial security, even during a crisis.
Lenders Turn to Personal Loans to Help Customers
While stay-at-home advisories and the closing of nonessential businesses have focused recent attention on the hardships of small businesses, the coronavirus outbreak also highlights the financial situations of individuals with low- and moderate-incomes.
Federal Regulators Encourage Small-Dollar Lending
The federal financial regulatory agencies are encouraging banks, savings associations and credit unions to offer responsible small-dollar loans to consumers and small businesses in response to COVID-19.
LendingClub to Acquire Radius Bank
LendingClub, the San Francisco-based fintech providing personal loans, has signed a definitive to acquire Boston-based Radius Bank in a cash and stock transaction valued at $185 million.
Fintechs’ Share of Personal Loan Market Continues to Grow
Fintech companies continue to increase their share of the personal loan market.
Millennials Opt For Personal Loans At Higher Rates Than Previous Generations
The explosion of fintech has credit cards declining and personal loans trending.
Editorial Cartoon
For a generation that often prefers technology, it looks like some things still remain personal.
