Home » Industry News
Tax-Free Savings Myths: Busted
Financial year end is fast approaching in the UK and savers and investors only have a few days left to put their money into a tax-free savings account. But, given the chance to save money without losing a penny in tax, why are only... More of this article »
Borrowers Increasingly Turn to Debt Consolidation Loans from Peer to Peer Lenders
During the height of the housing boom, borrowers had no problem taking out home equity loans to consolidate their debt. The value of homes was rising and homeowners found themselves with additional equity that could be borrowed against.... More of this article »
Lending Club and Prosper.com Now Offer Online Unsecured Loans
Although the online lending community has been characterized by the same types of firms that offer high-interest payday loans, two companies hope to reduce the interest that you would normally pay to a bank for an unsecured loan. Both... More of this article »
American Tower Down 8.5% On AT&T’s Purchase Of T-Mobile
Shares of American Tower (NYSE:AMT), along with other U.S. tower building telecom companies, fell on Monday, as AT&T’s $39 billion deal to buy T-Mobile USA raised concerns that telecom consolidation will reduce... More of this article »
PerkStreet Wins Offerpop Social Media Contest
PerkStreet Financial, a company which offers a checking account that provides a 2% cash back rebate on debit card purchases, recently won a community-based social media contest for marketing and advertising agencies that was put on... More of this article »
Lending Club Uses Social Media to Connect with Borrowers
Most of the major banks and other financial institutions haven’t made use of social media in any major way, but Lending Club, a California-based lending company, has made use of social media to promote and popularize its peer to... More of this article »
Prosper.com and Lending Club Offering Peer-to-Peer Loans for Major Purchases
With unemployment floating between 9% and 10% and increasingly tight credit standards, banks remain very particular about who they will lend money to. As a result, many individuals looking to make major purchases have found themselves... More of this article »
Peer to Peer Lending Company Prosper.com Turns Five Years Old
Prosper.com, a company which operates a peer to peer lending marketplace, turned five years old last month. Its half-decade history has been characterized by a number of ups and downs, including an initial excitement from investors... More of this article »
Will JPMorgan Chase (NYSE: JPM) and Bank of America (NYSE: BAC) Impose a Debit Card Limit?
Well maybe that need to decline overdraft protection wasn’t really necessary after all. Imagine being out for dinner with your family and having your debit card declined. Not because of insufficient funds. But because you decided... More of this article »
Bank of America (NYSE: BAC) and JP Morgan Chase (NYSE: JPM) State Foreclosure Penalties May Have “Material” Impact
Bloomberg is reporting that Bank of America Corp. (BAC) and JPMorgan Chase & Co. (JPM) are saying they may have to pay “material” monetary penalties stemming from the ongoing investigation into foreclosure practices and mortgage... More of this article »
When Surety Bonds and Banking Intersect
This is a guest post by Kevin Kaiser of SuretyBonds.com, a nationwide surety bond provider. The agency’s Surety Bond Education Program reaches out to professionals in a number of industries who have an invested interest in surety... More of this article »
inOnline Tools to Help Clear Credit Card Debts
THE web is empowering us in new ways all of the time, and though you should be careful who you give your information to online, there are some great tools available which can be financially empowering. Whether you’re looking to... More of this article »
Self-Directed Roth IRA and the Forex Market
Tax planning is an essential element of sound retirement planning. In the United States, the government has created several vehicles of wealth that help people accumulate wealth and retirement savings at discounted tax rates. The... More of this article »
Barclays Capital (BCS) Analysts Raise Price Target on LTX-Credence (LTXC) Shares to $11.00
Equities research analysts at Barclays Capital (NYSE: BCS) boosted their price target on shares of LTX-Credence (NASDAQ: LTXC) from $8.00 to $11.00 in a research note to investors on Friday. The analysts currently have an “equal... More of this article »
Peer to Peer Lending Companies: How They Work
Lending Club, Prosper Loans and a few other smaller companies have launched a niche lending industry during the last-half decade known as peer to peer lending. These companies have setup marketplaces in which borrowers on their sites... More of this article »
Lending Club Offering Bonuses on Peer to Peer Lending Investments
Lending Club, a service that allows members to make loans to one another, is becoming an increasingly popular platform for individuals looking to make alternative investments. The company is part of an industry known as peer to peer... More of this article »
Homeowners Say Walking Away from a Mortgage is Unacceptable
There have been more than 2.5 million foreclosures since 2005 and more are on the way. Some of the nation’s largest banks, such as Bank of America, Citigroup, Chase and Wells Fargo have hired thousands of more workers to process... More of this article »
Getting Involved in the Peer to Peer Lending Industry
Banks have made money off of their customers for the last two years by taking money from savers at low interest rates and lending the money out at higher interest rates on mortgages, credit cards and other debt. Many savers and investors... More of this article »
Lending Club Review: What You Need to Know About Lending Club in 2014
Although the Federal Reserve has made borrowing incredibly cheap, lending companies are still hesitant to make many types of loans, including unsecured personal loans to individual borrowers and loans to small businesses. Many banks... More of this article »
JPMorgan Chase (NYSE: JPM) CEO Jamie Dimon Could Receive Up to $17 Million in Compensation
They may not be the number one bank in assets, but in terms of CEO compensation, JPMorgan Chase (JPM) can say they’re number one. After posting a $17.4 billion profit for 2010, JPMorgan Chase & Co. awarded Chief Executive Jamie... More of this article »
Peer to Peer Lending Becomes Increasingly Popular
The recession has been over for more than 18 months, yet unemployment remains stubbornly high and those that wish to borrower are still largely having trouble borrowing money at descent interest rates. Those that might own a small... More of this article »
Lending Club Increases Maximum Loan Size
Lending Club, a peer-to-peer lending company based out of California, announced today that the maximum loan size that borrowers could take out has increased from $25,000 to $35,000. Here’s the press release: Redwood City, CA... More of this article »
Prosper.com Review 2011: A Revamped Peer to Peer Lending Company
The peer to peer lending industry is now close to five years old. Both Lending Club and Prosper.com made it past severe growing pains in 2008 when the SEC forced the two companies to register their loans to comply with the Securities... More of this article »