Sections
Alternative Finances
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979Walmart Redefines The Paycheck
When people talk about the plight of living paycheck to paycheck, Even Responsible Finance CEO Jon Schlossberg told Karen Webster in a...
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2.4KMillennials Turn To Crowdfunding For Mortgage Down Payments
When one tries to Google the phrase “millennials and mortgages,” something curious happens. Two different – and in some cases, mutually exclusive...
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1.9KCODE Investing Talks AltFin And Bank-FinTech Collaboration
The story of alternative finance is now well-known across the small business (SMB) lending community: Heightened risk management and capital requirements imposed...
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1.4KWhy Micro-Lending Is Branching Out In 2018
On the whole, it’s been a good year for startups in Africa, according to recent reporting in Quartz. Coming up on the...
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1.9KKabbage CEO: SMB Working Capital Needs Don’t Fit ‘Bankers’ Hours’
Bankers’ hours — that eight-hour block of time between 9 a.m. and 5 p.m. — are a bit of an anachronism in 2018, Kabbage...
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2.4KAmerica’s Expanding Debt Footprint (And What It Really Means)
When the Great Recession kicked off a decade ago, for a brief but memorable time, it seemed as though credit in the...
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1.7KWhy Digital Lenders Are Tightening Their Lending Criteria
In the early days of online lending, the big appeal was access to funds for potential borrowers with few, if any, options...
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3.5KCan Alternative Data Move The Dial For Financial Inclusion?
In the early 1950s, an engineer named William Fair encountered a mathematician Earl Isaac who together decided to work out an automated...
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1.0KAre UK Overdraft Fees More Costly Than Payday Loans?
Which?, a U.K.-based consumer group, and a cross-party group of 84 MPs are taking on bank overdraft fees, demanding the Financial Conduct...
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4.2KAmerica’s Daunting Debt Picture
There is much to like in the current economic snapshot of the U.S. The overall unemployment rate has slipped below 4 percent...
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3.3KBanks Feeling The Heat From Nonbanks When It Comes To Business Loans
With competition increasing from the likes of hedge funds and private equity firms that are making business loans, banks are being forced...
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2.3KAnt Financial Has More Than 600 Million Users
Ant Financial, the Chinese payment affiliate of Alibaba, has more than 600 million users, the first time the company has said how...
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3.7KSoFi’s New Direction
It’s been a full year for SoFi, as the personal finance company attempts to get back on track after a 2017 that...
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4.6KSoFi CEO Talks Up Milestones, Values In First Letter To Shareholders
SoFi’s new chief executive officer Anthony Noto penned his first quarterly missive to shareholders highlighting the company’s mission and its company values...
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1.8K
Finding A Better Credit Fix For Near-Prime Customers
Fair Square Financial entered the financial services world a few years ago with two observations about why the world needed another non-bank lender. The...
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3.6KLending Club Surprises With Profits On Higher Loan Volume
Exactly two weeks ago today (April 25), LendingClub‘s stock hit an all-time low with the announcement of an FTC-backed lawsuit alleging that...
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2.1KWhat To Watch For When LendingClub Releases Earnings
After a strong debut on the public markets at $14 per share in its Initial Public Offering (IPO), LendingClub has taken investors on...
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8.1KRipio CEO: Reinventing P2P Lending With The Blockchain
Ripio has had more than one name in its evolution as a firm – but only a single goal. Originally known as...
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2.1KGetting Bill Payments The Financial Services Love It Deserves
No one gets excited about paying bills. Which, according to SVP of Consumer Channels and General Manager Richard Kang at Handle Financial,...
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3.4KWhy Marketplace Lending Needs Less Transparency, Not More
Marketplace lending platforms — Lending Club, OnDeck, Prosper and the like — have inarguably and fundamentally altered the geography of the lending...
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2.5KHow The Lending Landscape Is Quietly Changing
The financial crisis that rolled through the economic landscape a decade ago was — among many things — a financial reset button. Interest rates plummeted as...
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4.5KChanging The Direction Of Debt Collection
Debt collectors are historically an unpopular group of people. Even the Bible has shade to throw their way. (Debt collectors, Biblically speaking,...
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6.8KHow Affirm Wants To Push ‘Honest Financing’ Into Physical Retail
Despite the nearly continuous drumbeat of doom and gloom from the world of physical retail, there is, according to Affirm CRO Rob...
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4.2KMoving Mortgages Into The Mobile Era
Millennials, we have long been assured, were never, ever going to buy houses. Some hypothesized that the lingering memory of the Great Recession’s origins...
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3.2KHoncker’s New Lease On Auto-Leasing
There are aggregators for just about everything these days, and loans of all types. Now we can add car leasing to the...
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6.1KWhat The Climbing Debt Defaults Really Mean For The Economy
By many measures, the economy looks strong. The stock market — despite a fairly steepWh correction a week ago — is still well...
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4.3KSoFi Says Bye-Bye To 5 Percent Of Its Staff
Social Finance — the online lender better known as SoFi — will be laying off dozens of workers in its mortgage division,...
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6.2KAspiration CEO: Big Banks’ ‘Bad Decision’ Is My Gain
When Bank of America announced last week that it was terminating its free checking option for low-balance customers, a literal Tweet storm...
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3.0KUK Federation Of Small Businesses Says AltFin Is Just Heating Up
Small businesses face a mountain of financial challenges in the U.K., from late payments from their large corporate clients to a lack...
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4.7KLenda: From Mortgage App To Mortgage In Five Days
Very few consumers review the mortgage application process as a high water mark in their lives. Finding that perfect home can be...
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4.6KSubprime Lending Power Player Victory Park Expands Overseas
Victory Park Capital — a Chicago-based investment firm — is a key player in the alternative financial services movement, providing debt capital...
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6.0KDoes Tribal Lending Have A Future?
Scott Tucker’s pre-sentencing “apology” will not likely be remembered as one of history’s greatest all-time allocutions of contrition. The Kansas businessman –...
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6.0KHave Cannabis’ Banking Plans Gone Up In Smoke?
Financial services for the cannabis industry have been a complicated issue for the 20 years that there has been a legal – or at...
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6.9KFICO Monopoly On Mortgage Lending Threatened
A change in how potential mortgage borrowers are assessed may be on the horizon. Soon, FICO may not be the only game...
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6.8KWhat 2018 Will Mean For Marketplace Lenders
2017 was a tough year for some of the biggest names in alternative financial services in the U.S. – Prosper, OnDeck and...
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5.5KThe Wild Ride In Alternative Financing In 2017
A decade ago, the world of financial services saw what was perhaps its greatest sea change in a generation — in 2007,...
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4.4KSolving America’s Paycheck-To-Paycheck Problem
“We started this company to address one very specific problem: the 70 percent of Americans living paycheck to paycheck. That’s the secret...
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5.3KGoFundMe Launches Zero Fee Platform
GoFundMe, the online donation platform, announced Thursday (Nov. 30) it is introducing a zero percent platform fee with new, U.S.-based personal fundraising...
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5.9KWhy The Cleveland Fed Pulled Their Online Lending Study
Last week, we told you a tale of two Fed studies, which were putatively about the same topic, but drew nearly opposite conclusions. The...
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5.4K
Online Lending And A Tale Of Two Fed Studies
Online consumer lending – in a variety of forms – has grown explosively over the last decade. In 2010, digital lenders originated $249 million...
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4.5KTaking A Credit-First Approach To Alt Lending
Those who are fortunate enough to have access to credit often take it for granted. Imagine if your car broke down, your...
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5.5KInstant Payments Are Killing The Check (Not So Softly)
No one likes getting a check. No one. And we have the data to prove it. When ranked against all other possible...
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7.5KHow To Bring ‘Invisibles’ Into The Credit Fold
How much of the U.S. population is financially vulnerable? That is, how many are walking the razor’s edge of solvency, and how...
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7.0KSoFi Tried To Sell Itself For $8B Earlier This Year
According to reports in The Financial Times, SoFi explored the possibility of an $8 billion sale earlier this year — a process that...
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5.2KAffirm Is Ready To Reach Beyond Lending
“Trust me to give you sound [financial] advice,” Max Levchin, founder and CEO of Affirm, said at The Wall Street Journal’s WSJ...
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6.0KWhy The ICBA Doesn’t Want Square To Be A Bank
Despite the fact that they are currently being hotly pursued by technologists, the Industrial Loan Charter (ILC) is not exactly a new idea. The...
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5.2KWhy The Final Payday Lending Rules Are Far From The Last Word
Last week, after five years of debates, discussions, arguments and waiting, the Consumer Financial Protection Bureau’s (CFPB) final rules for payday lending...
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6.8KThe Risk Of Playing Alt Lending’s Rate Limbo
Access to capital is the first, last and constant problem that small businesses experience in the day-to-day course of doing business. Although they are...
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7.5KHow Marqeta Uses Cards To Power Disruption In Lending
Neither a borrower nor a lender be, the saying goes. Although in a perfect world that might be the way to live...
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7.9KOnline Lender Prosper Has Lost 70 Percent Of Its Value
It’s been a tough 12 months for online lending marketplace Prosper. The firm announced Friday that it has raised another $50 million...
