Prosper Marketplace is in the midst of exploring strategic options, having hired investment banks JPMorgan and Financial Technology Partners and having disclosed it is considering selling equity in the firm. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Against a troubled landscape, one online lender, Prosper Marketplace, is boosting rates that it charges to risky borrowers, a move The Wall Street Journal said was geared toward making its loans more attractive to investors. Get the Full Story Complete the form to unlock this article and...
One of the funds controlled by Lending Club that invests in its online consumer loans is coming off of a bad month. A really bad month, characterized by one of the worst monthly performances the firm has ever seen and the revelation it has been buying...
Online small business lender OnDeck said on Tuesday (May 24) that it has expanded its presence and offerings in Canada. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
As the dust continues to settle from the great Lending Club explosion, the big banks of Wall Street are reportedly inking up their Plan Bs when it comes to exposure to those loans should the market deteriorate more. Get the Full Story Complete the form...
With all the controversy surrounding Lending Club at the moment, the subject of payday lending has become a leading topic of conversation across the industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
These days, payday lending is not a subject that lends itself to much in the way of rational discourse. It does much better at attracting passionate disagreement among partisans. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
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.
