NEW YORK — More Klarna customers are having trouble repaying their “buy now, pay later” loans, the short-term lender said this week. The disclosure corresponded with reports by lending platforms Bankrate and LendingTree, which cited an increasing share of all “buy now, pay later” users saying they had fallen behind on payments. The late or missed installments
CHICAGO, May 12, 2025 (GLOBE NEWSWIRE) — Byline Bank today announced the expansion of its Payments and Fintech Banking division, including several key new hires and leadership appointments, which underscore the bank’s significant investment in embedded finance and modern digital payment solutions. Since bringing on industry veterans David Prochnow and Joe Wolsfeld to lead the
Corey Forsythe graduated from pharmacy school with a degree and $200,000 in student loans. He’s in no rush to pay them off. Forsythe, who is now 35 years old, has been chipping away at the balance by paying down $950 a month. But for the last eight years, a bigger priority for him has been
Trump administration begins sending default student loans to collections Starting Monday, the Education Department will resume reporting defaulted student loans to collections agencies, potentially affecting as many as 5 million borrowers. Updated: 5:20 AM CDT May 5, 2025 Washington Bureau Reporter The Department of Education will begin reporting defaulted student loans to collections agencies starting
POLi processed 5.5 million transactions worth nearly $2 billion last year. Banks typically don’t like POLi getting people in the habit of sharing their bank details with third parties, fearing that making people comfortable doing so makes them more susceptible to being scammed. However, banks have been slow to allow financial technology companies to officially