California Financial Lender Act: Consumer Loan, Business Loan, or Neither?
The California Financial Lenders Act imposes a license obligation on persons exercising the activity of financial lender. Cal. Fin. Code § 22100 (a). Chapter 2 of the CFLL imposes a multitude of…
Consumer loan, business loan, or neither? | Allen Matkins
California Financial Lender Law imposes a licensing requirement on persons engaged in the business of financial lender. Cal. Fin. Code § 22100 (a). Chapter 2 of the CFLL imposes a multitude of requirements on…
UBS on consumer credit applications
Every few months, UBS surveys a group of about 2,100 consumers in the United States about the state of their finances.…
Kroll Bond Rating Agency Assigns Preliminary Ratings to SoFi 2016-5 Consumer Loan Program
NEW YORK--(COMMERCIAL THREAD) - Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to two categories of tickets issued by SoFi Consumer Loan Program 2016-5 LLC (“SCLP 2016-5â€). This is…
Kroll Bond Rating Agency Gives Final Ratings to SoFi Consumer Lending Program 2015-1
NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) assigns ratings to a class of notes issued by SoFi Consumer Loan Program 2015-1 LLC (“SCLP 2015-1” or the “Issuer”). This is a $189.37 million unrated consumer loan ABS…
How Paisabazaar is facilitating the growth of consumer loans in India
Loan growth is an important indicator of the state of a country's economic activity, and borrowing and spending are closely linked to consumer confidence. Along with the increase in economic activity, the Indian banking system has also…
With short-term personal loans, MobiKwik launches into consumer credit
MobiKwik, the mobile wallet company, today announced that it will offer small, short-term personal loans for one-off festive purchases, or allow users to sign up for Monthly Equivalent Payments (EMIs) from their account. Upasana Taku…
Easing restrictions on the use of consumer loans and credit cards in Turkey
In a bid to support domestic demand and available consumer finance, on September 27, 2016, the Turkish Banking Regulatory and Supervisory Authority (the "BRSA") eased its restrictions on consumer loans and credit card use and provided…
The advantages of taking out a movable mortgage over a consumer loan
In auto financing, one size rarely fits all. You may be thinking that there is only one type of car loan. In fact, there are several. If you are an ABN holder, a consumer loan - the most common type - may not be the best fit for you and…
Regions Bank to deliver extensive online consumer lending experience through leading FinTech company…
BIRMINGHAM, Alabama - (COMMERCIAL THREAD) - Regions Bank and online lending platform Avant today announced an agreement to provide Regions Bank customers with a streamlined online consumer loan application and underwriting…
Lending Club and US Small Banks Plan New Consumer Loan Program
A group of small banks join forces with the Lending Club Corp.
CL 4.10%
in a joint effort to wrest a larger share of the consumer loan market from America's biggest banks.The partnership, which is expected to…
Consumer loan delinquencies at record highs, says American Bankers Association
Defaults on consumer loans have hit a new all-time low, according to the American Bankers Assn., which says it's good news for the economy as well as for the balance sheets of banks that are being hit. owes money.Delinquencies on bank…