“CarePayment, an industry leader that partners with providers to improve their financial health by offering 0.00% APR financing to patients, today announced the launch of its Advanced Patient Engagement Platform. The new technology and digital engagement capabilities increase provider cash flow and help patients get the care they need without delay due to medical costs.”

“Americans have skipped payments on more than 100 million student loans, auto loans and other forms of debt since the coronavirus hit the U.S., the latest sign of the toll the pandemic is taking on people’s finances. The number of accounts that enrolled in deferment, forbearance or some other type of relief since March 1 and remain in such a state rose to 106 million at the end of May, triple the number at the end of April, according to credit-reporting firm TransUnion.”

“Quicken Loans, the largest mortgage lender in America, is planning an initial public offering, according to people familiar with the matter.  The company, founded and owned by Detroit-billionaire Dan Gilbert, has filed its IPO prospectus confidentially, the people said, and may flip it to be public as soon as next month.”

“US banks expect a significant number of borrowers to recommit to normal payment schedules once their forbearance deals expire later this month, senior executives said, adding that many clients had not been as hard hit by the pandemic as they feared. Between 4 per cent and 22 per cent of borrowers across various types of loans signed up for 90-day payment holidays designed to give households and businesses breathing room as the coronavirus pandemic threatened their livelihoods, according to analysis by Autonomous based on public disclosures.”

“Lenders that target struggling borrowers for loans with triple-digit interest rates have overcome yearslong efforts to restrict their lending and are pitching their products to consumers in need of cash during the coronavirus pandemic. They sidestepped state crackdowns by joining with out-of-state banks to offer loans and now are bypassing ad bans put in place by Google, which calls their offerings “dangerous financial products,” and Facebook Inc., a Wall Street Journal investigation found.”

“Forbearance programs from March are nearing expiration dates, when many banks are set to decide whether to continue letting people put off roughly $150 billion of debt including credit cards balances, personal loans and car payments. In interviews, executives said they’re concerned that at least some borrowers sought relief unnecessarily and that they should be coaxed into paying. A number of firms aim to whittle out such participants, or charge interest to continue.”

“Splitit Payments Ltd (ASX:SPT), a leading global installment payments solution, today released first quarter results highlighting a strong quarter and exceptional growth in April. Despite COVID challenges, Splitit grew new merchant acceptance by 20 percent as compared to last quarter, as well as merchant sales volume increasing 152 percent in April compared to the same period in March 2020. In addition, Q1 revenue grew 104 percent on the prior corresponding period (PCP) and up 51 percent on the previous quarter.”