Fresh off a new investment round, the British PtoP lender Zopa is collaborating with CommuterClub to finance season tickets for travelers.
CommuterClub provides loans so consumers can purchase annual season passes online, instead of monthly or weekly passes and spread the cost over monthly installments, saving them hundreds of pounds each year.
CommuterClub loans run for only 10 months and are considered low risk by Zopa. In its blogpost
After nearly two decades of positive correlation, the relationship between equities prices and bond yields has turned negative, the analysis finds, revealing a tricky dynamic for monetary policy.
New York Fed data shows a record $211 billion in car-loan originations during the second quarter. But median credit scores are falling, and delinquencies are rising, as lower-income consumers struggle to meet their obligations.
The two banks are among the early bank adopters of a Swift standard that's designed to support near instant payments and serve as an alternative to stablecoins.
Kate Danella, head of consumer banking since 2022, will become Region Financial's chief administrative officer, as David Keenan plans to retire. John Jordan will take over leadership of consumer banking.
Stephen Wheeler, a prominent Consumer Financial Protection Bureau union organizer, was placed on administrative leave as the agency investigates allegations it has not publicly disclosed.
The Mortgage Bankers Association says the three-day post-close period is redundant, but consumer groups called it vital for borrowers and required by law.
