online lending

Simply put, an online loan is money that's borrowed from a lender who operates online. While the specific process for an online loan can vary from lender to lender, there are many ways in which it's the same across the board.

(source: opploans.com)

Enova Reports Charge-Offs Rise, Return to Pre-Pandemic Seasonal Patterns
Enova Reports Charge-Offs Rise, Return to Pre-Pandemic Seasonal Patterns
January 30, 2024  |  Earnings

Enova saw its charge-offs increase during the fourth quarter but remain below those it saw before the pandemic. Compared to the same quarter a year earlier,...

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CFPB Bans Enova From Offering Certain Consumer Loans
CFPB Bans Enova From Offering Certain Consumer Loans
November 15, 2023  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has ordered online lender Enova International to pay a $15 million penalty, banned it from offering certain consumer loans...

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Citi’s SMB Lending Platform Targets Corporate Suppliers
Citi’s SMB Lending Platform Targets Corporate Suppliers
March 21, 2023  |  SMBs

As banking relationships evolve, bank offerings are transforming alongside them. This, as Rohit Mathur, head of Bridge built by Citi, tells PYMNTS CEO Karen Webster that...

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AI Helps Banks Protect Small Businesses as They Become More Digital
AI Helps Banks Protect Small Businesses as They Become More Digital
July 11, 2022  |  Security & Fraud

Digitization of small- to medium-sized business (SMB) banking is a double-edged sword. Sandip Nayak, chief AI and insights officer at Amount, told PYMNTS that financial...

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Paytm Lending Unit Paying Off with Record Gains
Paytm Lending Unit Paying Off with Record Gains
February 14, 2022  |  Earnings

Digital payments service Paytm has been taking a hit lately, with negative buzz about sliding share prices and widening losses as it closed out 2021....

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Coinbase Kills Lend Product Amid SEC Ire
Coinbase Kills Lend Product Amid SEC Ire
September 20, 2021  |  Cryptocurrency

Following lawsuit threats by the Security and Exchange Commission (SEC), Coinbase is killing its proposed loan product Coinbase Lend and its associated waitlist. “Our goal...

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Online Loans Confound Experts With Lower-Than-Expected Impairments
Online Loans Confound Experts With Lower-Than-Expected Impairments
August 17, 2020  |  Loans

Personal, unsecured loans issued through online lenders like Best Egg, LendingClub and Upstart have long been seen as particularly vulnerable in a downturn. But new...

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Enova To Buy OnDeck In $90M Stock And Cash Deal
Enova To Buy OnDeck In $90M Stock And Cash Deal
July 29, 2020  |  Partnerships / Acquisitions

Enova International plans to acquire online small-business lender OnDeck for some $90 million in cash and stock. “This strategic transaction, which brings together two FinTech leaders, is a...

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Widening Borrower Protection’s Scope To SMBs
Widening Borrower Protection’s Scope To SMBs
January 29, 2020  |  B2B Payments

Borrower protection initiatives have taken aim at predatory lenders, both online and brick-and-mortar, with legislators at the state and federal levels addressing concerns that include...

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