What went wrong with payday lender Wonga?

What went wrong with payday lender Wonga?

Six years ago the founder of Wonga described the payday lender as a “platform for the future of financial services”. But it seems the future has not
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Ice Cube sprays champagne to celebrate Team Power's BIG3 title (Video)

The second season of BIG3 play wrapped up over the weekend, when Team Power defeated 3's Company to win the title. The final featured a number
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Crypto-Backed Lending Platform Blockfi Approved to Operate in California

Back in July, news.Bitcoin.com reported on the cryptocurrency-backed USD lending platform, Blockfi, which raised $52.5m from investors in an
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Financial performance and lending growth steady across The Co-operative Bank, SBS, TSB …

Financial performance and lending growth steady across The Co-operative Bank, SBS, TSB, Heartland, and Rabobank during the June quarter.
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Boston Partners Trims Position in Stewart Information Services Corp (NYSE:STC)

Boston Partners cut its holdings in Stewart Information Services Corp … The company operates in two segments, Title Insurance and Related Services,
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Miami Lender Issues $15M Loan for Planned Hilton Triptych Hotel

LV Lending LLC, a Miami-based private lender, arranged a $15 million senior loan to refinance the Hilton brand's pre-construction Triptych Hotel in
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Seasonal change to spark lending 'uplift' in 'buyer's market'

According to ME's head of home loans, Andrew Bartolo, based on previous seasonal trends, lending activity is set to rise, despite a reversal in demand
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First Data Partners With Ellie Mae

“First Data is thrilled to deliver our fast, simple and secure payment technology to the banks, credit unions, and mortgage lending companies Ellie Mae
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Retrospect: John McCain and the S&L Scandal

During his career on Capitol Hill, Sen. John McCain was rarely in the forefront of housing-related policy issues. And while news coverage following his
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Real Estate In Brief: Financial advice for agents, smart locks and more

The Federal Housing Finance Administration (FHFA), the chief governing body for federal mortgage finance agencies Fannie Mae and Freddie Mac,
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Looks Like A Buying Opportunity: American International Group, Inc. (AIG), Constellation Brands …

The shares of American International Group, Inc. (NYSE:AIG) went up during the trading session by $0.7 on Friday, trading at $53.31. At the moment
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CMBS Loan Prices Down in July

Prices of commercial real estate loans underlying commercial mortgage-backed securities (CMBS) were down slightly in July, according to new data
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7 Real Estate Funds to Buy

For real estate mutual funds and exchange-traded funds (ETFs), the 2018 story, to this point, is split into two chapters. Amid expectations for rising
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A High-End Real Estate Photographer Shares the Most Memorable Spaces He's Photographed

Evan Joseph knows his way around the New York City real estate scene. The photographer's work has been featured in the pages of Elle Decor,
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Commercial real estate firm expands into Texas with Houston office

Michigan-based Friedman Real Estate has opened its first office in Texas. The Houston office opened the first week of July and is overseen by Mark
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GSE Judges Aren't Superheroes, But I Am

Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC) are two companies that were placed into conservatorship in 2008 by board vote when
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Help to Buy scheme 'being used for upsizing'

The analysis, by the estate agents Hamptons International, also showed that the rate of non-first-time buyers using the scheme is rising and that they
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Lender joins with digital platform

Another mortgage lender has connected to NextGen.Net's 'ApplyOnline' digital platform to allow brokers to lodge applications via their existing
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Home price growth finally slows its pace

“Mortgage rates have increased by more than half a percentage point over the first six months of the year,” Doerner said. “Rates are still inexpensive
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Wisconsin banks post strong first-half earnings as lending grows

Profits rose 23 percent for Wisconsin banks in the first half of 2018 as lending increased and the financial institutions benefited from lower federal
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