Lending marketplace Upstart has debuted a tool to help lenders offer customized loan offers. That tool, dubbed Recognized Customer Personalization (RCP), lets banks and credit unions (CUs) identify when a customer is actively seeking a loan and make them an offer of credit, Upstart said in a Thursday (April 25) news release. “In the current economic environment, lenders are
Equipment finance company Odessa has entered the auto industry. The company has launched an originations platform called Odessa Auto and plans to grow it into a full-service end-to-end auto finance suite, Odessa said in a Wednesday (April 24) press release. “Odessa’s deep asset finance experience enables the company to offer state-of-the-art auto origination technology on Day 1,” Robert Johnson, executive vice
The Consumer Financial Protection Bureau (CFPB) has issued an order against coding bootcamp BloomTech, also known as the Bloom Institute of Technology, and its CEO, Austen Allred, alleging that they deceived students about the real cost of loans and made false claims about the hiring rates of the bootcamp’s graduates. The order permanently bans BloomTech from all consumer-lending activities; bans Allred
For the second time this week, the Biden Administration announced it’s wiping out more student loans. More than a quarter million borrowers will get an email from the White House Friday telling them their debt is canceled, totaling $7.5 billion. But critics say the handout is unfair to those who paid off their loans and
Twenty-seven individuals from across the Caribbean will be receiving interest-free loans as part of the Eastern Caribbean Green Entrepreneurship Initiative. The awardees are green entrepreneurs chosen from a competitive pool of applicants to receive funding and support to grow their respective green, sustainable enterprises under the Initiative’s Accelerator Program. The interest-free loans add up to
A trip to the grocery store or gas pump shows how much the cost of basic necessities has risen in recent years. Data published by Statistia shows inflation at 3.24% as of February 2024. That’s a far cry from 9.1% in June 2022, but up substantially from the pandemic era. Americans are also seeing elevated
Banks are facing a $2 trillion “wall” of property debt, according to an American brokerage. As such, lenders must reduce their exposure to commercial real estate as that debt comes due over the next three years, Newmark CEO Barry Gosin told the Financial Times (FT) Monday (April 1). “Banks will be under pressure,” said Gosin, whose firm handled $50 billion in
Special to the News-Times SACRAMENTO — Francisco Sánchez Jr., associate administrator for the Office of Disaster Recovery and Resilience at the Small Business Administration, today reminded small nonfarm businesses in 53 Texas counties and neighboring parishes in Louisiana of the April 22, 2024, deadline to apply for an SBA federal disaster loan for economic injury.
Small Business Administration offering loans for businesses impacted by Francis Scott Key Bridge collapse Updated: 9:44 PM EDT Mar 30, 2024 On Saturday, the Small Business Administration (SBA) Administrator Isabel Casillas Guzman announced that Mid-Atlantic small businesses that were affected by the Francis Scott Key Bridge collapse may apply for low-interest, long-term Economic Injury Disaster
National Debt Relief is a leading debt settlement company that works to settle clients’ balances for less than they owe. It’s highly rated by its clients, and it’s accredited by the American Association for Debt Resolution (AADR). According to the company, its clients can become debt-free in 24 to 48 months, and they may save