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May

4
2023
Industry News

Medical Credit Cards and Financing Plans

Financial institutions and fintech companies are generating a growing number of financing mechanisms for families and individuals struggling to pay their out-of-pocket health care expenses.

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May

3
2023
Trends

Mortgage demand drops as bank failures hit jumbo loan rates

Mortgage demand from homebuyers has been erratic to say the least during the usually busy spring housing market. That is likely because today’s buyers are hypersensitive to mortgage rates, which have been fluctuating widely week to week but which are still considerably higher than they were a year ago. Now, several bank failures are starting to make it more difficult even for wealthier buyers.

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May

3
2023
Trends

Peer to Peer Lending Market to Hit USD 926.55 Billion by 2030 due to Demand for Alternative Sources of Funding

Pune, May 03, 2023 (GLOBE NEWSWIRE) -- The Peer to Peer Lending Market had a valuation of USD 134.35 billion in 2022, and it is anticipated to attain a value of USD 926.55 billion by 2030, with a projected compound annual growth rate (CAGR) of 27.3% during the forecast period from 2023 to 2030, as reported by SNS Insider.

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May

3
2023
Industry News

AG HENRY & FTC WORK TOGETHER TO PERMANENTLY BAN DEBT COLLECTORS THAT TARGETED BUSINESSES, NON-PROFITS, FIRST RESPONDERS

HARRISBURG– As a result of action by the Office of Attorney General and the Federal Trade Commission, debt collection company International Credit Recovery, Inc. (ICR), officer Richard Diorio, Jr., and manager Cynthia Powell, have agreed to a permanent ban from the debt collection industry after being charged with engaging in bogus debt collection efforts against businesses and non-profits.

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May

3
2023
Industry News

Small and Midsize Business Lending Fraud on the Rise, According to New LexisNexis Risk Solutions Study

ATLANTA, May 3, 2023 /PRNewswire/ -- LexisNexis® Risk Solutions released its latest Small and Midsize Business (SMB) Lending Fraud Study. Based on a survey of lenders, SMB lending fraud has increased significantly during the past 12 months, with many smaller banks, credit unions and fintechs expecting fraud levels to worsen over the next year.

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