Alternative Credit

Alternative Credit
Goldman Sachs Gets Closer To Taking On The Marketplace Lenders
July 26, 2016

As various commentators across the segment pointed out last week, Goldman Sachs‘ latest earnings report was nothing to write home about. The venerable institution did manage to beat The Street, but as Bloomberg pointed out, it’s easy to beat expectations when no one is expecting...

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BlueVine Names Former Square Executive As Chief Revenue Officer
July 20, 2016

BlueVine, the online provider of financing for small businesses, announced on Tuesday (July 19) that it has appointed Eric Sager, former head of sales at Square, as its chief revenue officer. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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Lending Club Appoints BlackRock Veteran As Chief Capital Officer
July 19, 2016

Lending Club, which has been struggling to recover from loan errors and the departure of its Chief Executive (among other issues), has named Patrick Dunne, a veteran of BlackRock, as its new chief capital officer. Get the Full Story Complete the form to unlock this article and...

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Can SoFi Be New School And Old Fashioned At The Same Time?
July 19, 2016

While the vast and various online lenders all offer unique variations on value propositions – if one were to try to unite them all under a single heading – “Not Banks” might be a good place to start. Get the Full Story Complete the form...

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Prepaid’s Summer Of Uncertainty
July 15, 2016

It’s as quiet as a hot summer night, as the prepaid industry awaits the final ruling from the CFPB. Rules that were promised last year, then March of this year and then, mid-summer – well, it’s mid-summer and it’s crickets. Get the Full Story Complete...

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Why SoFi Has Changed Its Tune
July 13, 2016

Will Social Finance shed its upstart ways and become more like a bank? 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, PYMNTS Today....

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LendingClub’s Skyrocketing Charge-Offs
July 12, 2016

Proving the old adage that troubles never travel alone and instead choose to hunt in packs – LendingClub is facing yet another headwind in the hurricane they’ve experienced since spring. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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PayPal Working Capital Arm Ups the Ante
July 08, 2016

PayPal’s been making its SMB risk management list and checking it twice. And has found a lot of new insights behind the $2B and 90k SMBs that have been on the other side of its Working Capital program, including the role that mobile plays in...

Russian Online Lending Marketplace Comes To US
July 06, 2016

The U.S. online lending platform market just got a bit bigger with the addition of a startup called Blackmoon from Russia. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...