Online lending platforms

By PTI NEW DELHI: The Delhi High Court on Wednesday requested the RBI to file a progress report on steps taken to implement the report of a committee set up to look into the issue of online lending platforms…

Advertising The Federal Government of Nigeria has stated that there are currently around 70-90 loan application platforms in the country. Babatunde Irukerathe executive vice president of the Federal Competition and Consumer…

The Federal Competition and Consumer Protection Commission (FCCPC) said the agency would establish regulations for online lending appsFCCPC boss Babatunde Irukera said the agency was trying to control loan applications by creating…

The Securities and Exchange Commission (SEC) revoked the license of Cashtrees Lending Corp. for operating online lending platforms despite a moratorium issued by the business regulator. In a statement Thursday, the SEC said its…

The Securities and Exchange Commission (SEC) has released draft guidelines for the registration and operation of online lending platforms (OLP) as part of its efforts to end abusive and predatory practices. The Commission…

Read this in the digital edition of The Manila Times. On November 2, the Securities and Exchange Commission (SEC) released Memorandum Circular 10, Series of 2021, imposing a…

Manila, Philippines - The Securities and Exchange Commission (SEC) on Monday ordered 11 online loan applications to halt operations following complaints of unreasonable and abusive lending and collection practices.The order, issued by the…

The Securities and Exchange Commission (SEC) has imposed a moratorium on the registration of new online lending platforms (PLOs) from finance and lending companies. The moratorium came into effect on Friday, November 5. On…

The Securities and Exchange Commission (SEC) announced Friday, November 5, 2021 that it has imposed a moratorium on the registration of new online lending platforms (PLOs) of finance and lending companies, with immediate effect.The SEC…

The Delhi High Court added that it expects the Union government and the RBI to come up with a solution by the next court date on August 27.The Delhi High Court said on Tuesday that online lending platforms offering short-term personal…

The Delhi High Court said on Tuesday that online lending platforms offering short-term personal loans through mobile apps could not be allowed to charge exorbitant interest and processing fees and asked the Center and the RBI to consider…

The Delhi High Court on Tuesday urged the Reserve Bank of India (RBI) and the Center to take swift action to regulate online lending platforms charging exorbitant interest rates and arbitrary processing fees to small borrowers. Hearing…

The Delhi High Court said on Tuesday that online lending platforms offering short-term personal loans through mobile apps could not be allowed to charge exorbitant interest and processing fees and asked the Center and the RBI to consider…

Due to unfair debt collection practices, including shame on social media and issuing death threats, the Securities and Exchange Commission (SEC) shut down online lending platforms Pondo Loan, Start Loan, Green Loan and Loan Club. The SEC…

When auto repair shop owner Michael Hannah applied for a second paycheck protection program loan from his long-standing bank, BOK, earlier this month, he was greeted with noises of silence. “I'm on a waiting list. They…

Ad Disclosure: We receive referral commissions from advertisers. Learn moreBased in New York, this lending marketplace has been around since 2015. Fiona Connects borrowers to some of the best lenders in the business. It gives you a quick…

The Securities and Exchange Commission (SEC) ordered three other online lending platforms - Peso Tree, Pesoalo and Pinoy Cash Loan - to immediately end their illegal operations. These three lending platforms were not registered as…

The digital age brings a new level of availability of products, services or information. All of this at your fingertips. A phone was once a device that you used to call another person and now it has become an essential tool in your…

The Indonesian Financial Services Authority (OJK) reports that out of 145 registered online lending platforms, 25 are in the process of applying for OJK's operating license. Noting that there are currently many other lending platforms…

Personal finance oi-Roshni Agarwal | Posted: Wednesday October 24th, 2018 10:59 AM Sometimes as is very often the case,!--QLINKS_ON-->!--QLINKS_OFF-->…

The Chinese Yuan, also known as the Renminbi.Adam Young | Flickr | Getty ImagesThe Chinese government is stepping up scrutiny and instituting new measures for a once-booming online lending industry, where fund closures have sparked…

In the formal segment of debt financing in India, there is a huge credit gap. The credit gap can be defined as the unmet credit need of MSMEs, in addition to the available access to credit from formal institutional sources of finance.…

Just over a year ago, Goldman Sachs launched its Marcus consumer lending platform as part of a digital strategy to enter the retail banking segment. Since then, they have grown faster than any online lending…

Tianqiao Chen still wants to be part of the Lending Club. Last week, as shares of the largest publicly traded online lender in the United States fell after further decline in earnings forecasts, the CEO of Shanda Group bought an…

PADUCAH, Ky .-- (COMMERCIAL THREAD) - To help clients tap into the growing online lending market, Computer Services, Inc. (CSI) (OTCQX: CSVI), an end-to-end financial technology solutions provider, has partnered up to RCGILTNER…

A new generation of online platforms was meant to disrupt the banking industry by connecting creditworthy borrowers with investors hungry for yield.It didn't quite turn out that way. After years of rapid growth, the industry in the…