Lending Club – and the alternative lending industry overall – has lost a lot of support in just a few short weeks following the sudden departure of the firm’s CEO, allegations of mismanaged investments and talk by the U.S. Treasury Department about the need for...
Finance and technology connect in ways that speed capital to SMBs and other enterprises, when and where it is needed. That won't change even against a more onerous backdrop, says Bizfi Founder Stephen Sheinbaum, and should make the industry stronger.
Consumer lending platform Avant is giving pink slips to 60 employees, or about 7 percent of its workforce. 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...
In the continuing emergence of details surrounding Lending Club and its woes in the wake of the resignation earlier this month of its chief executive officer, Reuters reported on Friday (May 20) that Citigroup backed off from supporting the company. Get the Full Story Complete the...
Although the online lending market has taken some hits this year, there’s one online lender who has secured a top approval from Moody’s. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
What’s a millennial to do? They want to have those valuable life experiences (like Coachella or a weekend in Costa Rica), but they just don’t seem to have the cash. Well, now, they can have their experience now and pay for it later, without the...
Lending Club’s troubles don’t appear to be going away anytime soon. 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. By completing...
Brutal. 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. By completing this form, you agree to receive marketing communications from PYMNTS...
Green Dot said on Thursday (May 12) that it is launching Green Dot Money, which it has billed as an online marketplace that will match low- and moderate-income consumers with what it called “a curated set of lending partners” that specialize in those consumer segments. Get the...
