Victory Park Capital — a Chicago-based investment firm — is a key player in the alternative financial services movement, providing debt capital for a string...
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....
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...
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...
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...
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...
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,...
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...
Among the biggest challenges to doing something new — particularly in retail — is overcoming the mountain known as “what has already been done.” Because...