WILKES-BARRE — The city of Wilkes-Barre will receive a no-interest loan of $500,000 from Luzerne County for sewer repairs. Wilkes-Barre’s “sewer system is in dire need of repairs,” according to a resolution unanimously approved Tuesday night by county council. “We stand at a critical juncture where the health and safety of our community in Luzerne
FICO announced on Monday that it is going to start incorporating buy now, pay later (BNPL) data into credit scores. The news comes as the payment method surges in popularity, with over 91 million Americans expected to use BNPL for purchases this year. Buy now, pay later data incorporated into credit scores The FICO Score 10
Amid an ongoing housing crunch, online lender Rocket Mortgage has started offering bridge loans, a form of short-term financing that enables borrowers to buy their new home before they’ve sold their current one. Also known as gap loans and interim financing, bridge loans are most often used by homebuyers to help with down payments and
FICO announced this week that buy-now-pay-later loans will now be included on credit reports and credit scores. The new credit scores will be “offered side-by-side with existing versions of the FICO Score,” FICO said. FICO said its new credit score methodology comes after a yearlong study “confirmed that a unique consumer behavior associated with BNPL
Traditional lending standards no longer fit a growing segment of borrowers in the modern mortgage market. These individuals may be self-employed, gig-style workers, real estate investors, or Gen Z freelancers. Non-qualified mortgage (non-QM) loan options, such as those offered by Deephaven Mortgage, fill the gap with flexible underwriting methods, a debt service coverage ratio (DSCR),
Close-up of JP Morgan Chase and Co sign outside an office building in the SoMa neighborhood, San … More Francisco, California, March 18, 2025. (Photo by Smith Collection/Gado/Getty Images) Gado via Getty Images Small business loans Small businesses require financing, often using equity or debt. Financing decisions can significantly influence business outcomes. High-interest or unstructured
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Canada’s state-backed export agency has lost about £350mn on loans to Thames Water, the crisis-stricken UK utility that is teetering on the verge of renationalisation. Export Development Canada, which was established to help Canadian companies
After winning the Premier League title in 2024-25, Liverpool are strengthening from their position of power as the summer transfer window kicks into full swing. In his debut season as head coach, Arne Slot guided the squad he inherited from Jurgen Klopp last summer to the league title at the first time of asking without
Danielle Arnone, a Utah mother of two, has seen her credit score plunge 150 points this year because she and her husband were unable to keep up with the cost of living and pay back their federal student loans at the same time. “It was shocking — made us sick to our stomachs,” she told
House Speaker Shekarchi describes priorities in new $14.3B RI budget House Speaker K. Joseph Shekarchi describes the priorities in new $14.3B state budget The Rhode Island General Assembly wrapped up its 2025 session on Friday, June 20. An assault weapons ban, payday lending restrictions, and the state’s $14.3 billion budget all were approved. Rhode Island