Several weeks ago, The Supreme Court officially struck down President Biden's plan to forgive student loans. However, the Biden administration has promised to continue searching for ways to forgive as much student loan debt as possible, which is why lending companies should always be on
One of the most important things that lending businesses need to focus on is preventing fraud as this activity results in a significant loss of income. Fortunately, digital identify verification not only helps prevent it but does so in a timely manner, essential for keeping prospective
Have you ever considered running credit checks on your job applicants? Maybe not. After all, you might feel that your employees’ financial histories have no effect on their work performance. However, credit checks can tell you important things about job candidates. And they might even help
It goes without saying that when business owners need to hire personnel, conducting background checks is important. However, there are still some companies who choose to overlook this process without realizing that doing so could increase employee turnover. To reduce employee turnover, companies should
Over the past decade, a significant portion of the economy has shifted to digital. In the lending industry, the majority of borrowers are using online portals and apps to complete transactions and apply for loans. The importance of cybersecurity in the lending sector cannot be
When the time comes to fill a vacant position, whether that be in a major corporation, small business, or startup, all prospective job candidates should undergo a thorough background screening. This practice minimizes a company's chances of onboarding employees who are not a good fit.
In the past, businesses seeking loans always relied on official financial institutions to provide the money they needed. But today, peer-to-peer lending has become a proven alternative that many businesses can utilize to gain access to the money needed to power their businesses. What is Peer-to-Peer
Environmental, social, and governance (ESG) is a popular term that's meant to represent the ethical and sustainable impacts that a company's corporate financial interests have. As is the case with many industries, ESG criteria have become much more common with lending decisions. The reason that ESG
Allowing employees to work remotely may increase your company's candidate pool while also helping to increase worker productivity and satisfaction. However, it's important to do your due diligence prior to making a hiring decision regardless of where this person is working from. Know the Law Generally speaking,
Creating a favorable experience for job candidates fosters a good first impression of your organization. Background screening is an important part of the hiring process, and it can impact how candidates feel about your company. Here are some useful information about how to properly communicate