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...
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...
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...
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....
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...
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...
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...
With an eye on Square and other FinTech upstarts, Amex is branching out into working capital loans -- and banking on its deep credit knowledge to gain competitive advantage.
Whether or not Lending Club managed to get a month or so jump on the Fourth of July with its interpretation of fireworks, 2016 was already shaping up to be a tough year for marketplace lenders. Market conditions were changing, as were investor options about...
