The Federal Reserve announced Wednesday that it would leave its short-term interest rate target unchanged at 5.25 percent to 5.5 percent. The news was not a surprise. That the Fed would remain on hold was considered a near certainty in the weeks leading up to the meeting. Nevertheless, the broader conversation about interest rate policy […]
In PayNearMe’s new study “Consumer Trends Driving the Future of Loan Payments,” we reveal that challenges in the loan repayment process and poor payment experiences jeopardize customer loyalty and retention for lenders. You can read more on PayNearMe’s website.
The featured Business Partner for the month of May is Flagstar Bank. Flagstar Bank is a leading regional bank headquartered in NY with over $100 billion in assets and a robust Corporate Banking Division. Within Corporate Banking, we focus on lending verticals that meet the specialized needs of our clients. Our Lender Finance Group, for […]
Consumer Lending by the Numbers
13.7 MILLION consumers hold a traditional installment loan
13.7
million
consumers hold a traditional installment loan
82 MILLION consumers in the PRIME VALUE or better risk tier
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