Digital Lending News

finance2 years ago•5 min saved

Navigating Uncertain Markets: Lender Challenges and the Fed's Impact on Commercial-Debt Defaults

The mortgage industry faces uncertain market conditions and varying predictions for interest rates, but lenders must focus on long-term trends such as cost control and leveraging digital technology. Lenders are advised to automate tasks, invest in digital initiatives like eClosings, and consider consolidating relationships with larger providers. Compliance and risk management teams should be fully staffed and supported, with data and analytics solutions to automate compliance tasks. Wolters Kluwer offers solutions to help drive productivity, ensure compliance, and enhance customer experience in the mortgage industry.

via Wolters Kluwer|

#compliance #cost-control #digital-lending

technology2 years ago•4 min saved

Internet Archive Fights Back Against Publishers' Lawsuit Threatening Digital Library.

Four major book publishers are seeking to shut down the Internet Archive's online library and hold the non-profit organization liable for damages in a copyright lawsuit. The publishers object to the Internet Archive's efforts to scan printed books and make digital copies available online to readers without buying a license from the publisher. The Internet Archive argues that its Controlled Digital Lending initiative is fundamentally the same as traditional library lending and poses no new harm to authors or the publishing industry. The central question in the case is whether a library has the right to make a copy of a book that it otherwise owns and then lend the ebook it has made without a license from the publisher to patrons of the library.

via The Register|

#book-publishers #copyright-lawsuit #digital-lending

technology2 years ago•4 min saved

Internet Archive Fights Back Against Publishers' Lawsuit Threatening Digital Library

Four major book publishers are seeking to shut down the Internet Archive's online library and hold the non-profit organization liable for damages in a copyright lawsuit. The publishers object to the Internet Archive's efforts to scan printed books and make digital copies available online to readers without buying a license from the publisher. The Internet Archive argues that its Controlled Digital Lending initiative is fundamentally the same as traditional library lending and poses no new harm to authors or the publishing industry. The central question in the case is whether a library has the right to make a copy of a book that it otherwise owns and then lend the ebook it has made without a license from the publisher to patrons of the library.

via The Register|

#book-publishers #copyright-lawsuit #digital-lending

technology2 years ago•3 min saved

Internet Archive's Digital Library Under Fire from Publishers in Court

The Internet Archive defended its practice of digitizing books and lending those e-books for free to users of its Open Library, arguing that it is fair use and publishers have yet to show they’ve been harmed by IA’s digital lending. A federal judge is set to decide if IA’s digital lending constitutes copyright infringement. The book publishing industry experienced a $3 billion spike in sales by 2021, despite the pandemic and IA's National Emergency Library. Publishers are concerned that there are already some libraries avoiding paying e-book licensing fees by partnering with IA and making their own copies.

via Ars Technica|

#book-publishers #copyright-infringement #digital-lending