Subprime lending

Hammered by pandemic, consumer lender Aura shuts down


The San Francisco company has faced financing challenges as its customers, largely lower-income Latinos, have struggled to keep up with monthly payments.


Petal seeks borrowers with blemished credit histories


The company, which provides credit cards to millennials, is expanding its target audience beyond thin-file consumers and those without credit histories. It will now also target those with blemished, nonprime credit histories.


PayPal vows action after advocates flag ties to unaccredited schools


A borrower advocacy group is asking federal banking regulators to investigate PayPal and Synchrony Financial, which partner on a product that is used to offer high-cost education financing.