Monday, July 20, 2020

Credit demand is up, but fintech lenders can't raise low-cost debt

The reason: banks have increased risk premiums due to stress on their books amid the Covid-19 pandemic and a lack of clarity over whether a moratorium on loans would be extended. https://ift.tt/3fNFSNd https://ift.tt/eA8V8J
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GM agrees to pay $12.75M to resolve a California investigation into claims that it illegally sold the location and driving data of OnStar subscribers to brokers (David Shepardson/Reuters)

David Shepardson / Reuters : GM agrees to pay $12.75M to resolve a California investigation into claims that it illegally sold the locati...