The subject of short-term lending never fails to be divisive, with consumer advocates of all stripes lining up on totally opposite sides of the arguments – depending upon how they define their advocacy. Advocates of consumer protection almost universally loathe the payday moniker and tend...
Even by the unusually turbulent standards set by the first eventful 31 days of 2016, Lending Club’s entrance into the new year has been bumpy to say the least. A year ago at this time, the picture was very different. Just off a...
Alternative lending is such a part of the mainstream that it’s easy to forget just how fast it has gotten so big. A decade ago it almost didn’t exist – today it’s billions of dollars in loan volume to tens of millions of consumers...