A testament to just how difficult and uncertain the Lending Club situation has been of late — a slight hiccup in the marketplace lender’s website last night caused some pretty big worries, as investors were suddenly concerned the end had come. Get the Full Story...
Prosper Marketplace, the online lending company, may have changed its relationship with two prominent loan referral sites, according to sources cited by The Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Well, one can say this much for Lending Club: For whatever difficulties it seems to have keeping paperwork straight and investors on its platform at present, it sure knows how to keep things interesting in payments and commerce. Get the Full Story Complete the form...
Online lender OnDeck said on Tuesday (June 7) that it has expanded its Accountant Advisor Program. The firm said via press release that it has boosted its presence through increased hiring efforts that bring new footprints into Kentucky, Florida and Alabama. Get the Full Story...
“The most important number to keep in mind here is 12 million. A lot of numbers are getting thrown around in this debate, but 12 million is the one to watch because that is the number of Americans seeking small-dollar loans each year.” Get the...
The drama surrounding online lenders — who they lend to, when, how and at what rates — continues. 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...
Alongside any story on retail in China comes a prefunctory statement on the rising spending power of the country’s nascent middle class. However, even if those consumers can’t seem to find their newly created wealth when they walk up to the checkout counter, Dumiao wants...
According to Pew Charitable Trusts, about 12 million Americans take out a payday loan each year. The typical loan is $375. Borrowers are usually employed full-time (thus the “payday” moniker), must have an active checking account and, by most accounts, would appear to be “middle class” or “working class,” according to Pew. Get the...
As the controversy around payday lending continues to swirl and questions about how and if low-dollar loans can be offered to low-income workers in a fair and low-cost manner are brought up more and more, a new potential source of such funds has started striding onto...
