Federal regulators are suing a fintech platform, accusing it of illegally collecting millions of dollars in fees—in the form of tips and donations—from consumers. The Consumer Financial Protection Bureau, or CFPB, alleges that Los Angeles–based SoLo Funds misled customers about the overall cost of their loans. The company used “dark patterns” to impose hidden fees, despite … Read more
Secured loans can help borrowers access much-needed cash or make large purchases—like a home or new car—often with less rigorous qualification requirements than unsecured loans. By pledging valuable assets, a borrower can obtain financing while keeping interest rates low. Lenders also face less risk when extending secured loans, because they can foreclose on or repossess … Read more
That’s important to know because of the widely mixed messages of the electronic prediction markets, to which many until now have turned to get reliable predictions. Many fans of those markets have of late become disillusioned by these mixed messages. For example, a survey of a handful of the best-known prediction markets earlier this week … Read more
The Texas A&M University College of Engineering and Texas A&M School of Law offer a combination degree program allowing students to obtain a Bachelor of Science in interdisciplinary engineering and Juris Doctor degree in six, rather than the typical seven, academic years. This program educates students in engineering and technology as a precursor to studies … Read more
If you’re a small or medium-sized business owner in India, chances are you’ll need financing at some point to expand your operations or explore new opportunities. As funding options, there are two popular choices- business loans and merchant cash advances. But which one to go for? For this, you would need to understand merchant cash … Read more
One of the most important factors when applying for a business loan is the interest rate. The interest rate determines the cost of borrowing and can significantly impact your ability to repay the loan. In this comprehensive guide, we will dive into the various factors that influence business loan interest rates. By the end of … Read more
What Is a Personal Loan? A personal loan is an amount of money you can borrow to use for a variety of purposes. For instance, you may use a personal loan to consolidate debt, pay for home renovations, or plan a dream wedding. Personal loans can be offered by banks, credit unions, or online lenders. The money … Read more
What Is Personal Finance? Personal finance is a term that covers managing your money as well as saving and investing. It encompasses budgeting, banking, insurance, mortgages, investments, and retirement, tax, and estate planning. The term often refers to the entire industry that provides financial services to individuals and households and advises them about financial and … Read more
A business loan is a great option for business owners who want to expand or need urgent funds for various other business purposes. With this loan, you can launch a new product, buy a new facility, or get new equipment. Getting approved for a loan is a big deal for any business owner. Any delay … Read more
Before approving a loan, lenders ensure that the borrower fulfills the eligibility criteria and assess their creditworthiness. Any lender’s main concern is whether the borrower will be able to repay the loan amount. To reduce risk, lenders check income, credit history, financial liabilities, and other documents. Based on a borrower’s income, lenders calculate 3 different … Read more