Democrats are Split on Interest Rate Cap Bill
There has long be rumors that there was a split amongst democrats over whether extending the 36 percent rate cap to all consumer ...
FCA Aims to Simplify Savings Market
The UK based Financial Conduct Authority is proposing new rules to simplify the savings market; banks will be able to offer new customers ...
FCA Promoting Competition, Easy to Understand Rates
The Financial Conduct Authority is proposing new rules for those that offer cash savings; under the plans, financial institutions will have to set ...
Quontic Bank Sees Big Growth Through Remake
NY based Quontic Bank saw retail deposits grow by 261 percent to $200mn and their retail customer base double in size; with the ...
Interested Rates and Big Tech in Banking
In this week’s PeerIQ Industry Update they cover the thinking on interest rates and what really is the optimal rate policy; mortgage refinancing ...
New Federal Legislation Seeks to Cap Interest Rates at 36% for All Consumers
Five members of Congress plan to introduce a bill, called the Veterans and Consumers Fair Credit Act, that will cap interest rates at ...
Interest Rates Might be the Next Battleground after Trading Commissions
Trading commissions are now at zero and many believe interest rates on deposits is the next battleground where fintech firms can cause incumbents to ...
Loan Calculator Settings Influence Loan Decisions
According to a study from the Journal of Behavioral and Experimental Finance borrowers are more two times likely to choose a loan that resembled ...
Online Small Business Lenders Cut Rates Below Banks
According to Funding Xchange short term unsecured small business loans from online SMB lenders have fallen below 9.5 percent on average; “I am delighted ...
Falling Rates Could Help Make P2P Lenders More Attractive
In the last few years as rates have steadily risen the attractiveness of p2p lending has been slowly eroding as investors were not as ...