Sections
Alternative Finances
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3.1KCFPB’s Change Of Payday Lending’s Heart?
The final payday lending rules are coming, but reporting by The Wall Street Journal over the weekend suggests that they may not take quite...
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1.9KVenture Capitalists Wary Of Online Lenders
With an early string of alternative lenders having a tough go of it, startups looking to raise money are having to show...
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4.0KThe Score On Tencent’s Credit Scoring
Just about two years ago, Ant Financial announced it was launching its own consumer credit scoring model: Sesame Credit. It was a big...
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2.3KStartups Still Struggle Finding Funds (Fueling Online Lending’s Growth)
While startups and small business are often (rightly) hailed as the engines that power growth in the American economy, when it comes...
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3.2KThe Russian Connection (To Alt Lending Globally)
ID Finance Co-Founders Boris Batine and Alexander Dunaev were far from newcomers to the world of finance when they started up their...
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2.2KNew Deal Could Cut Prosper Marketplace’s Value By Two-Thirds
Once a unicorn, always a unicorn? In Silicon Valley, maybe not so much these days — online P2P lender Prosper Marketplace is...
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3.4KLendKey And Unlocking A Generation Of Borrowers For Small Banks And Credit Unions
For value, the Federal Reserve estimates that a college grad will make about $830,000 over the course of a lifetime; the Georgetown...
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3.6KAffirm Challenges Retailers, FIs To Practice ’Honest Finance‘
“Finance is pretty broken.” So started Affirm’s Co-Founder and CEO Max Levchin’s remarks at his firm’s first-ever AFFIRMation conference for its retail...
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4.3KRenaud Laplanche’s Second Act
F. Scott Fitzgerald is often quoted as the source behind the phrase, “there are no second acts in American life.” But as...
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3.1KAutoGravity On Why Car Buying Can Be Friction-Free
There’s nothing like that new car smell. And the fun of driving a new car off the dealer’s parking lot. But the...
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4.5KSquare Is Eyeing Consumer Lending
Square’s quest to evolve past its original incarnation as a payments processing firm for small merchants is apparently set to expand into...
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2.8KChanging the Conversation About Income Volatility
According to the Pew Charitable Trusts, the group of workers whose incomes rise and fall by as much as 25 percent over...
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3.0KAmericans Are Borrowing Like It’s 2008 … Sort Of
It took almost a full decade, but Americans’ debt level has reached a new all-time high, surpassing the $12.68 trillion peak it...
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4.5KAll Is Forgiven? The Bond Buyers Return To Online Lenders
After the rather spectacular fireworks display that Lending Club had going on this time last year, it was not great surprise when...
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3.5KIs It Officially Time To Start Worrying About Consumer Credit?
Signs of increasing weakness in consumer credit have been mounting for the last several months. Auto lending, particularly to subprime borrowers, has...
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3.4KWhat The People Think Of Payday Lending
A lot has been said and written about payday loans. In fact, there’s been a literal deluge of data on the subject:...
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4.5KIs An OnDeck Acquisition On Deck?
When OnDeck completed its IPO in 2009, it entered the public markets with a massive amount of buzz, ending the day with a...
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3.4KInvestors Help Students Avoid Debt With Income Share Agreements
As an alternative to Federal Plus and private student loans, more students are looking to income share agreements as a way to...
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4.8KLendUp’s Focus On The “New Average” Consumer
For a lot of Americans, mainstream financial services represent a menu full of goods that aren’t desirable, aren’t affordable or just aren’t...
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3.7Kiwoca Looks To Grow SME Alt Lending Access
Alternative lending was supposed to be the way SMEs broke through banking barriers to gain access to capital, enabling them to boost...
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4.4KProsper Reports Surging Losses As Loan Volume Falls
In a filing Monday, Prosper has reported net losses for 2016 that have more than quadrupled — yet another sign that marketplace...
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5.1KWar-Gaming The Future Of Small-Dollar Lending
A year ago, the future of short-term, small-dollar loans in the U.S. — better known colloquially as payday loans — was rather grim. The CFPB was...
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4.9KZibby Joins Vyze’s POS Lending Platform
Financial services tech firm Vyze is announcing today that Zibby will be joining its lending platform — meaning going forward, Zibby lease...
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4.4KABA Endorses Akouba As Online Lending Partner For Small Banks
Akouba, the Chicago startup, has been endorsed by the American Bankers Association (ABA) as a technology provider to help its members offer...
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6.0KBlueVine And What’s Next For Factoring
The year 2016 was not exactly a banner year for the alternative lending segment as many firms saw their business models crater...
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5.5KMaking The Supply And The Demand Match In Consumer Financing
Among the biggest challenges to doing something new — particularly in retail — is overcoming the mountain known as “what has already...
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5.0KVyze Doubled Its Financing Volume Last Year
Vyze, a cloud-based financial technology company for retailers and manufacturers, announced Wednesday (Jan. 25) that it continues to grow its financing platform...
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3.8KThe CFPB Comes Out Swinging In 2017
The now-sitting Trump administration has made no secret that it is no fan of the Dodd-Frank legislation that enables the Consumer Finance...
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6.8KScoring The Invisible Consumers Is Harder Than It Looks
When asked, a majority of Americans can still remember what their SAT score was 20 years ago, despite the fact that SAT...
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4.2KFunding Circle Raises $100M In VC Despite Brexit
The biggest online lender for small businesses in the U.K., Funding Circle, announced that it secured $100 million in equity funding. The...
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6.6KThe Power Of POS Financing
For those who eat, breathe and sleep payments and commerce, talking about various retail channels makes all the sense in the world....
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4.4KIndian Alt Lending Backed By Goldman, KKR
Foreign financiers that fall outside the traditional banking system are pushing the growth of nonbank lending in India. According to the Wall...
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5.1KWhat We Learned About Alternative Finance In 2016
As often happens, the world we leave behind going out of 2016 is very different than the world we imagined 2016 would...
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5.7KHow Blinker Wants To Disrupt Car Sales
The problem, according to Rod Buscher, CEO and founder of Blinker, is that most Americans need a car — meaning they often don’t...
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9.4KThe Millennials Are Coming (To Get A Mortgage)
Millennials just aren’t buying homes — they are the first generation of Americans since World War II who will meaningfully move away from...
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5.1KEuropean Lender Twino First To Sell Russian Loans
Latvian online marketplace lender Twino announced on Thursday (Dec. 1) that it will soon list Russian subprime loans on the company website....
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3.9KAuto Lenders’ Subprime Delinquencies Climb
The Federal Reserve Bank of New York is not quite sounding the alarm bell for auto lenders, but they are certainly trying to...
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4.9KCAN Capital Puts CEO On Leave
CAN Capital, the small business online lender, has put its CEO on leave. According to a report by American Banker, CEO Daniel DeMeo has...
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5.7KPayday Lending’s Long, Strange Trip Through 2016
Short-term lending was the star of a melodrama that managed to last the entire year as the ecosystem prepared for — then...
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4.6KCar Buyers ‘Underwater’ On Trade-Ins
A record number of consumers looking to trade in vehicles are finding that their cars are worth less than they owe on...
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5.3KPayday Lenders Seek Relief From Courts
Payday lenders in the U.S. are facing what they call a threat to their survival. The companies petitioned a federal judge in...
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5.2KProsper’s Climb Back
Taking the top job is never an easy task. It’s even harder to take over at the top as a relative newcomer...
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6.1KLending Club’s Laplanche Back With New Venture
There are second acts in financial services, it seems — or at least interesting attempts at them. Renaud Laplanche, Lending Club’s former...
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4.2KMarketplace Loan Default Rates Continue To Rise
More difficulties, it seems, for online lending marketplaces, as reports are emerging of parcels of consumer loans going bad faster than expected. As...
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4.3KProsper CEO Steps Down
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...
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4.7KThe Credit Scoring Crunch
Wanting to make financial services — particularly access to credit — more inclusive is a popular goal and a tricky needle to thread. The...
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5.8KLending Club Beats The Street, Wants To Be BFFs With Banks
Lending Club managed to do something yesterday that it hasn’t been quite able to pull off in six months — it shocked The...
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7.4KLending Club’s Auto Lending Pivot
Trying something new and different is both one of the hallmarks of innovation and a typical option when a company finds that...
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3.7KSoFi To Start Selling Life Insurance
SoFi, the online lender, is moving ahead with plans to roll out a life insurance product, reportedly acquiring licenses and inking a...
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4.8KLendingClub Moves Into Auto Loan Refinancing
Whatever else can — and doubtlessly will — be said about Lending Club in 2016, no one will argue that they didn’t keep things...
