Jun 14, 2019 | Banks & Credit Unions, News, Online Lending
← Previous Article Next Article → The California Assembly, led by Assemblypersons Monique Limon and Tim Grayson, passed AB-539 on May 23, a state bill that would cap interest rates at 36 percent on loans more than $2,500. Controversy and criticism have...
Jun 14, 2019 | Banks & Credit Unions, News, Online Lending
← Previous Article Next Article → Earlier last year, economists from the World Bank published a report entitled, “Interest Rate Caps: The Theory and the Practice.” It finds that capping interest rates not only reduces average lending rates, but often has...
May 23, 2019 | News, Online Lending
← Previous Article Next Article → Sponsored by Lenders and consumers are finding each other online.Findings from Clarity’s 2019 Alternative Financial Services Lending Trends report agree with our recent consumer research, where several non-prime...
Apr 12, 2019 | Banks & Credit Unions, News, Online Lending
← Previous Article Next Article → The American Bankers Association (ABA) released new data yesterday covering loan delinquencies. Most closed-end loans saw a fall in delinquencies in the fourth quarter of 2018 while most open-ended loans saw a small...
Apr 9, 2019 | Banks & Credit Unions, News, Online Lending
← Previous Article Next Article → Banking deserts may not be as big of a problem as typically reported, according to a new study by the Bank Policy Institute (BPI). “Our results indicate that almost every statement made thus far about banking deserts and on...
Dec 20, 2018 | News, Online Lending, Tribal Sovereignty
← Previous Article Next Article → The Habematolel Pomo of Upper Lake Tribe opened a new call center for its Tribal lending business in Lake County, California earlier this month that could provide up to 80 new jobs in the area. According to reports, the...
