Credit risk

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CFPB proposes rule for paycheck advance products

/markets

CFPB proposes rule for paycheck advance products

The interpretive rule is designed to help ensure US workers know the costs and fees of paycheck advance products.

Lloyds Bank cuts risk dept headcount

/people

Lloyds Bank cuts risk dept headcount

UK high street bank Lloyds Bank is reducing the size of its risk management department because it is seen as a “blocker” to the bank’s “strategic transformation”.

Mastercard invests in Hello Alice

/wholesale

Mastercard invests in Hello Alice

Hello Alice, a platform connecting small businesses to capital, connections and opportunities, has closed a Series C funding round joined by QED Ventures and Mastercard.

Sweden's Scayl raises €100m to address fintech lending gap

/startups

Sweden's Scayl raises €100m to address fintech lending gap

Swedish startup Scayl, a debt financing platform based in Stockholm, has raised €100M to address a lending gap in the fintech sector.

Experian consumer credit reports to include Apple Pay Later information

/retail

Experian consumer credit reports to include Apple Pay Later information

Experian has announced it will be the first credit bureau to include Apple’s buy now pay later (BNPL) loan information on consumers’ credit reports.

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