Frank TianFeb 2, 20232 min readConsumer Credit💰 Why do large banks embrace small-dollar loans? This is a trend in the making in the last few years - now it caught American Banker’s attention. 🟦 Current State According to the latest...
Frank TianJan 11, 20231 min readRisk Management💰 Review Your Product Limit CapThe latest US inflation number is out. It is in the right downward direction but still high. Latest 12-month inflation readings: 🇺🇸 US...
Frank TianNov 19, 20222 min readConsumer Credit💰 Large Banks, Small Dollar LoansWells Fargo is the latest major bank offering small dollar loans. The loans are for $250 or $500 with a flat fee of $12 or $20. The other...
Frank TianApr 24, 20221 min readConsumer CreditPayday Loan No-Cost Payment PlanPayday Loan’s No-cost Payment Plan - Few Used Even though the volume dropped 65% Y/Y in 2020 CFPB continues to focus on payday loan’s...