Marketplace Lenders Win 20% of Small Business Loan Apps, Fed Says
Source: Federal Reserve Bank of Richmond Marketplace lending has siphoned a notable share of small business lending, new research shows. ...
Tag: marketplace lending
Marketplace Lender Avant Debuts Auto Refinance Loans
Online marketplace lender Avant Inc. will now offer direct-to-consumer auto refinance loans, the company announced today. The new auto loan ...
Alt. Lender SoFi Takes On Investor Shortage with Hedge Fund Launch
Social Finance CEO Mike Cagney always does things a bit differently. The alternative lender, commonly known as SoFi, began in student loan refinancing ...
Prosper Raises Rates in Wake of Bond Downgrade
The conventional wisdom has stated for some time that marketplace lenders will be hurt when the credit cycle takes a ...
Coolest Brands 2016: SoFi
Unbanking the World
Fintech companies don’t want to disrupt banks anymore -- that’s so 2012. Now it’s all about partnering, right? Not so ...
Lending Club Is ‘Transforming Banking,’ But Banks Fund 25% of Its Loans
Is Lending Club transforming banking? The marketplace lender just had one of its best quarters ever, and CEO Renaud Laplanche was rightly ...
Nearly a Third of Lending Club Borrowers’ Income Is ‘Not Verified’
Lending Club Corp. seems to be facilitating many loans that do not include income verification. According to a Bank Innovation analysis, ...
Blame Regulators for Loan to San Bernardino Shooter, Not Prosper or Citi
The tumult surrounding the $28,500 loan through Prosper to Syed Rizwan Farook, one of the shooters that killed 14 people, can ...
The Next Fintech Boom: Resource Maximization
TEL AVIV -- There's OnDemandEconomy.org, and even @ondemandeconomy. The on-demand economy has even made its way into the presidential election. Republican ...
What the Expanding Scope of P2P Lenders Means to Banks
Peer-to-peer lenders are increasingly expanding their scope of business, and banks can choose to either compete with the disrupters, or ...
