Alternative Financial Services

Subprime Lending Power Player Victory Park Expands Overseas
Subprime Lending Power Player Victory Park Expands Overseas
January 16, 2018  |  Alternative Finances

Victory Park Capital — a Chicago-based investment firm — is a key player in the alternative financial services movement, providing debt capital for a string...

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What 2018 Will Mean For Marketplace Lenders
What 2018 Will Mean For Marketplace Lenders
January 02, 2018  |  Alternative Finances

2017 was a tough year for some of the biggest names in alternative financial services in the U.S. – Prosper, OnDeck and LendingClub, in particular....

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Why The ICBA Doesn’t Want Square To Be A Bank
Why The ICBA Doesn’t Want Square To Be A Bank
October 17, 2017  |  Alternative Finances

Despite the fact that they are currently being hotly pursued by technologists, the Industrial Loan Charter (ILC) is not exactly a new idea. The concept – originally...

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Why The Final Payday Lending Rules Are Far From The Last Word
Why The Final Payday Lending Rules Are Far From The Last Word
October 11, 2017  |  Alternative Finances

Last week, after five years of debates, discussions, arguments and waiting, the Consumer Financial Protection Bureau’s (CFPB) final rules for payday lending dropped. As one...

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Student Loan Collection Draws CFPB Attention And Ire
Student Loan Collection Draws CFPB Attention And Ire
September 19, 2017  |  CFPB

The CFPB laid down some serious fines on National Collegiate Student Loan Trusts and its debt collector, Transworld Systems, Inc. The firms were collectively ordered...

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CFPB’s Change Of Payday Lending’s Heart?
CFPB’s Change Of Payday Lending’s Heart?
August 29, 2017  |  Alternative Finances

The final payday lending rules are coming, but reporting by The Wall Street Journal over the weekend suggests that they may not take quite the toll on...

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What The People Think Of Payday Lending
What The People Think Of Payday Lending
April 25, 2017  |  Alternative Finances

A lot has been said and written about payday loans. In fact, there’s been a literal deluge of data on the subject: stacks of studies,...

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LendUp’s Focus On The “New Average” Consumer
LendUp’s Focus On The “New Average” Consumer
April 04, 2017  |  Alternative Finances

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 applicable. And this...

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Making The Supply And The Demand Match In Consumer Financing
Making The Supply And The Demand Match In Consumer Financing
January 31, 2017  |  Alternative Finances

Among the biggest challenges to doing something new — particularly in retail — is overcoming the mountain known as “what has already been done.” Because...

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