AllGov - Officials allgov.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allgov.com Daily Mail and Mail on Sunday newspapers.
Fintech lenders tighten lending standards, bolstering debt financing zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
U.S. financial technology companies are tightening their lending standards, a move that has bolstered their access to debt financing from Wall Street investors, according to industry executives.During the COVID-19 pandemic, many fintechs began lending to borrowers with imperfect credit, but Wall Street in
Fintechs like Upstart, Affirm and OneMain Financial say they are boosting credit quality, in another example of how lenders have been pulling back amid uncertainty over the economic outlook.