IT lending

Paradigm partners with Molo Finance

Paradigm Mortgage Services has partnered with digital mortgage lender Molo Finance. Paradigm member companies will have access to Molo Finance’s digital mortgage services, including the technology it uses to speed up the lending process and deliver a paperless experience. The lender currently offers a range of purchase and re-mortgage (BTL) …

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Stricter penalties against “abusive” lenders pushed

DEPLORING questionable debt collection practices, Senator Sherwin T. Gatchalian advocates the early adoption of remedial legislation imposing sanctions against abusive creditors. The senator on Sunday renewed his warnings to financial service providers, as well as to online lending platforms, to renounce their practices of “abusive debt collection”, promising to continue …

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U.S. banks increase spending on talent and technology

Costs at major U.S. banks jumped more than $ 6.6 billion, or 10%, in the most recent quarter compared to the same period last year, as executives paid for talent and technology to fortify their businesses against growing competition from almost every angle. The increase in spending at JPMorgan Chase, …

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CFPB publishes summer 2021 supervision highlights | Weiner Brodsky Kider PC

The CFPB has issued its Highlights of the 24th Supervision, sharing observations and findings from reviews in the areas of automotive maintenance, consumer reporting, debt collection, deposits, fair lending, mortgage origination, mortgage servicing, mortgage, private education loan origination, payday loans and student loan services. CFPB publishes surveillance highlights “to help …

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Australia’s ‘cheapest green building loan’ launched

An online lender offers an incentive for home builders to go green. In addition to Australia’s booming green finance market, Loans.com.au has launched a green construction loan which it says is the cheapest in the country. Borrowers can benefit from a discount of up to 1.59% on their construction loan …

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