A record number of consumers looking to trade in vehicles are finding that their cars are worth less than they owe on their loans. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Payday lenders in the U.S. are facing what they call a threat to their survival. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...
Taking the top job is never an easy task. It’s even harder to take over at the top as a relative newcomer to the firm. And the hat trick of difficult transitions — taking over at the top as a newish member of the team...
There are second acts in financial services, it seems — or at least interesting attempts at them. Renaud Laplanche, Lending Club’s former CEO, is back with a new internet lending startup called Credify Finance Corp. Get the Full Story Complete the form to unlock this article...
More difficulties, it seems, for online lending marketplaces, as reports are emerging of parcels of consumer loans going bad faster than expected. As it turns out, good underwriting is harder to do than it seems from the outside — something that startups and bond underwriters are starting...
The CEO of Prosper Marketplace — Aaron Vermut — will be saying good-bye to the firm, to be replaced by David Kimball, Prosper’s finance chief. Kimball will begin manning the helm as of December; he has been with the firm for a little over six months after nine years at...
Wanting to make financial services — particularly access to credit — more inclusive is a popular goal and a tricky needle to thread. The benefits of inclusivity are myriad, but come with a significant attached asterisk: expanding credit is only a good idea when it is expanded...
Lending Club managed to do something yesterday that it hasn’t been quite able to pull off in six months — it shocked The Street with good news. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Trying something new and different is both one of the hallmarks of innovation and a typical option when a company finds that the same old thing just isn’t quite working anymore. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
