Rising fury at Wells Fargo as grandmothers who lost their life savings to cruel scammers urge lawsuit-hit bank to act NOW
Related Articles
-
Fintech startup Ramp sees 32% bump in valuation, Mercury expands into consumer banking
Welcome to TechCrunch Fintech! This week, we’re looking at Ramp’s big raise and valuation jump, Mercury’s move into personal banking, Klarna’s new credit card, global funding rounds and more! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Sunday at 7:00 a.m. PT, subscribe here. The big story Ramp, […] © 2024 TechCrunch. All rights reserved. For personal use only.
-
Central bank bars P2P startups from giving default loss guarantee in tie-ups with NBFCs
The central bank has said peer-to-peer lending platforms cannot offer any default loss guarantee (DLG) to investors, as it furthers scrutiny on the digital lending sector.The Reserve Bank of India’s directive dated April 26 is likely to impact operations of P2P platforms that relied on affiliates such as Uni, MobiKwik, BharatPe, Rupifi and others to source customers, industry executives said. Some prominent P2P startups with a strong affiliate business are Lendbox, LiquiLoans, Faircent and...
-
The Commonwealth Bank’s latest forecast deals a major blow to Australians with a mortgage: Here’s what this means for you
The Commonwealth Bank is now warning Australian borrowers to prepare for a possible rise in interest rates.Australia's largest property lender has changed its forecasts to say there will be just one rate cut in 2024, rather than three as recently predicted.However, Gareth Aird, head of Australian economics at the CBA, said a rate hike could not be ruled out in the coming months as underlying inflation metrics were still high.Another rate hike in 2024 would push the key rate to 4.6 percent, the...