Aug 19, 2020 | FinTech, News
Facebook Launches Financial Group for Payments Facebook recently revealed a new group called Facebook Financial to seek more commerce opportunities and run all payments projects, including Facebook Pay, the universal payments feature that the company plans to install...
Jun 16, 2020 | FinTech, News, Online Lending
Income & Employment Trends During COVID-19 Unemployment claims have exceeded 36 million in America, and our economy is experiencing a shift no one saw coming. In these unprecedented times, consumers have taken drastic measures that are changing their borrowing...
Apr 21, 2020 | Congressional Legislation, FinTech, News
Fintechs Approved to Make Small Business Loans Under Paycheck Protection Program After aggressive lobbying, three fintech companies ⎯ PayPal, Square Capital, and Intuit QuickBooks Capital ⎯ recently announced that they were authorized by the federal government to make...
Mar 6, 2020 | Banks & Credit Unions, FinTech, News
Survey Finds that More Than Half of Consumers Would Prefer Fintechs over Traditional Banks Ondot Systems, a California-based fintech company, recently released findings from a Harris Poll survey indicating that consumers are increasingly willing to try fintech...
Feb 11, 2020 | FinTech, News
Kabbage to Begin Offering Short-Term Loans for Small Businesses Kabbage, the online lending company that provides lines of credit to small businesses, recently announced that it will start offering short-term loans with a repayment period of only three days....
Feb 4, 2020 | Financial Literacy, FinTech, News
FICO Announces Changes That Could Lower Consumers’ Credit Scores Fair Isaac Corp., which created the FICO credit score used by many lenders in credit decisions, recently announced a series of changes to its scoring model which the Wall Street Journal reports could...