Key Takeaways P2P lending may offer better returns than traditional fixed income but comes with credit, liquidity, and platform risks. Diversifying across many notes and assessing borrower credit quality helps manage default risk. P2P loans are hard to sell before maturity and may require discounts. Returns rely heavily on the platform’s integrity, fees, and loan […]
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The U.S. Consumer Financial Protection Bureau plans to propose in the coming days narrowing a key part of civil-rights era fair-lending regulations as Republican President Donald Trump’s administration overhauls protections and rules it says burden companies, according to two people with knowledge of the matter. The changes to the CFPB’s rules implementing the 1974 Equal
Consumer Bureau to Narrow ‘Disparate Impact’ in Civil Rights Lending Law: Sources Read More »
In a boost for first homebuyers, National Australia Bank will disregard student debt under $20,000 in assessing home loan applications. NAB is the latest big bank to adjust its home lending rules around student debt. From 31 July, NAB will ignore HELP debt of $20,000 or less in its home loan assessments. It essentially means
NAB latest bank to relax student debt rules in home lending Read More »
Innovative Products, Retention, Marketplace; Fair Lending Litigation; Powell Speech A few years back someone told me, “Two lenders merging in this environment is like two drunks outside a bar holding each other up.” That isn’t quite the case anymore for various reasons (we’re just one big announcement away from yet another block buster
Innovative Products, Retention, Marketplace; Fair Lending Litigation; Powell Speech Read More »