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New tool augments credit score in lending analysis. getty Harvest Platform has launched a new tool to help lenders make better credit decisions—and, in the process, help consumers gain access to much-needed credit. Its PRO Index moves beyond just the decade-old credit score as a barometer of credit-worthiness. Rather, it […]
lenders
India’s Finance Minister to Review Loan Revamp Plan With Lenders
Photographer: T. Narayan/Bloomberg Photographer: T. Narayan/Bloomberg India’s Finance Minister Nirmala Sitharaman will meet commercial banks and shadow lenders on Thursday to review implementation of loan restructuring programs following Covid-19 related stress. The meeting comes days after a debt payment holiday offered by the Reserve Bank of India’s ends. The central […]
Pandemic bringing new attention to community-based nonprofit lenders
The coronavirus pandemic and the renewed focus on systemic economic inequality in our country are bringing new attention and support to community-based nonprofit lenders. Community development financial institutions, or CDFIs, focus on rural, low-income and minority communities. Around 300 CDFIs made more than $7 billion in Paycheck Protection Program loans […]