loans

Whatever Happened To…Kabbage
Whatever Happened To…Kabbage
October 13, 2016  |  Whatever Happened To...

Cruciferous vegetables are hearty and packed full of fiber and vitamins. So when your financial tech company shares a similar name with the cabbage variety,...

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CFPB Celebrates Five-Year Anniversary
CFPB Celebrates Five-Year Anniversary
July 15, 2016  |  CFPB

The Consumer Financial Protection Bureau said on Thursday (July 14) that it had marked its fifth anniversary by outlining five ways it has made a difference...

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Synchrony Warning Slumps Credit Card Issuer Stocks
Synchrony Warning Slumps Credit Card Issuer Stocks
June 15, 2016  |  Payment Methods

One default, many defaults, a whole flood of defaults. Synchrony Financial issued a warning about chargeoff rates it sees in its own portfolio, with a...

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Lending Club Holds More Funding Talks
Lending Club Holds More Funding Talks
June 10, 2016  |  Alternative Finances

The movement by Lending Club to obtain financing in order to help shore up capital appears to be gaining traction. As reported by The Wall...

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Prosper Hires Banks To Decide Next Steps
Prosper Hires Banks To Decide Next Steps
May 27, 2016  |  Alternative Finances

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...

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Prosper Raises Risky Borrower Interest Rates
Prosper Raises Risky Borrower Interest Rates
May 26, 2016  |  Alternative Finances

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...

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Discover Hurdles Estimates On Loan Growth
Discover Hurdles Estimates On Loan Growth
April 20, 2016  |  Report

Will the relief rally in the financial sector continue? With the most recent results posted by Discover Financial Services and the stock up 4 percent...

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Bondholders Throw Shade On Prosper’s Portfolio
Bondholders Throw Shade On Prosper’s Portfolio
March 28, 2016  |  Alternative Finances

Bondholders just gave online lending a big thumbs down as they reportedly only bought in once yields on a portfolio of Prosper loans were jacked...

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Lending Club Shaking Up Fee Model
Lending Club Shaking Up Fee Model
February 29, 2016  |  Alternative Finances

When the legal system makes your business model a shaky one, change the model. That’s a shift online lender Lending Club is mulling over —...

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