Out of the 45 million students with outstanding student debt, around 33% of them belong to the 25 to 34-year-old age group. According to experts, federal and state funding cuts are the primary reason why student debt has inflated to such an extreme point. Experts are recommending students should find the right fit between the […]
Category: Loans
Payday Loans Under Scrutiny In Fort Worth City Texas
Fort Worth Council passes new regulations for payday loans. Payday loan lenders downplay impact of payday loan regulations Calls for online lending regulation Fort Worth Council has taken a firm stance against high-interest payday loans. On a Split Vote, the City Council has passed a set of regulations. For the longest time, Fort Worth was […]
Another One? MMP Financial Goes Into Administration, Causing Concern For The Future Of Payday Lenders
Short Term loans lender MMP Financial Limited goes into administration MMP Financial’s payday loans lenders Swift Sterling and My Money Partner halt lending Several payday lenders have collapsed in recent weeks as FCA increases regulatory scrutiny on the affordability of loans In past months some payday loan lenders have gone bust as they face growing […]
Payday Loan Industry Shrinking As Number Of Loans Lent Down By 37% Year On Year
Payday lenders closing trigger loans volume decline Stringent FCA regulations take a toll on Payday loans business Risk of loan sharks may increase as payday loan outlets drop Payday loans could be nonexistent in three years as the effects of Financial Conduct Authority regulations start to bite. A new report by Wagestream indicates that payday […]
U.K P2P Industry In Turmoil Amidst Shutdowns, Lenders Reject Retail Investors Money
UK P2P Platforms Collapse Focus on Institutional Investors in P2P Lending Stringent P2P FCA Regulations The once-booming U.K peer-to-peer-lending industry faces an uncertain future amidst high profile collapses and customer service problems. ThinCats is the latest high profile P2P platform to bar retail investors in its secondary market. The high profile P2P platform has also […]
Brutal Arrests Over Payday Loans On The Rise In Utah
Utah booming payday loan industry Influx of payday and title loans providers Payday lenders lobby regulators to shun interest rate caps Arrests Over Payday Loans On The Rise In Utah Payday loans might not be a lifesaver but a source of pressure or cause of arrest. That is the harsh reality that residents in Utah […]
Quicken Loans Could Hit $140 Billion Mortgage Originations
Quicken Loans indicates that it’s on track to reach $140 billion originations in home loans The firm benefitted from a surge in the refinancing of mortgages following the drop in 30-year mortgage fixed rate Quicken Loans in a highly competitive industry and command only 5.7% of market share Detroit-based Mortgage CompanyQuicken Loans has indicated that […]
More Payday Lenders Close Shop Over FCA Regulations
High-cost lenders closing down over strict FCA Regulations Small Lenders presented an opportunity to fill gap in short term loans supply Calls for other alternatives to replace small lenders and high-cost lenders Britain Staring At Short Supply for Payday Loans As FCA Bites Britain’s £2 billion payday loan industry is in turmoil as the Financial […]
Reputable Short Term Lender PiggyBank Owner Placed in Administration
Payday loans lender PiggyBank collapses leaving 45,000 customers in financial uncertainty FCA raised concerns regarding the lender’s affordability checks PiggyBank’s parent company DJS placed in administration under HJS PiggyBank is the latest payday loan lender to collapse, leaving over 45,000 customers in financial uncertainty. In recent weeks some payday loan lenders have closed shop as […]
Loans Provider Zopa Receives AAA Rating
Zopa announces largest ever securitization of loans of ~£245 million The loans receive AAA rating which is the first for a P2P securitization The securitization shows confidence in Zopa providing high-quality loans The latest securitization of loans of secured car finance provider Zopa is one of the largest to date. Deutsche Bank arranged the £245 […]