Auto lending hits high as lawmakers request CFPB information

Dec 17, 2019 Philip Burgess

Auto finance in the United States is heating up, as consumer credit for auto loans hit high marks early in 2013. According to Equifax, $69.6 billion in auto financing was provided to American auto buyers from lending outlets in January and


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Apple's iBeacons to revolutionize electronic payments

Dec 17, 2019 Dave King

Apple's iBeacons to revolutionize electronic payments

Mobile devices are becoming an increasingly popular electronic payment channel as they can lessen how much individuals have to carry in their wallets and reduce the amount of time businesses wait for consumers to find debit or credit cards.However,


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Alternative lending continues to grow

Dec 17, 2019 Sean Albert

Alternative lending continues to grow

The financial crisis led to severe tightening of accessible credit for businesses of all sizes in the United States and abroad, as the biggest lenders were forced to decrease corporate loan disbursement volumes. However, this led to one of


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ABS car loans rebounding to pre-recession levels

Dec 17, 2019 Walt Wojciechowski

After a substantial decline during the recession, the automotive sector has bounced back the past couple years, with consumer credit reports revealing that car sales and auto loans are climbing.According to a recent article by Reuters, asset-based


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A clear case for electronic payments

Dec 17, 2019 Dave King

North American nations, as well as those in Europe and Asia, are beginning to become more aggressive with electronic payments, especially as the trend has been found to streamline accounting. Organizations in the public and private sectors


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