Most lenders like to request tax return information from a borrower during the loan application process. It is the most...
There is big news on the trade association front today. The Marketplace Lending Association (MLA), the trade organization for fintech...
Experian is the most recent company to join the Marketplace Lending Association; credit reporting agency Experian has become actively integrated in the marketplace lending ecosystem and is committed to supporting transparent and responsible financial innovation for the marketplace lending industry; Experian's expertise in data and analytics will greatly support the goals of the Marketplace Lending Association. Source
While small businesses have been able to access credit during the current crisis, this is not the case for many...
Yesterday, the first ever Marketplace Lending Policy Summit took place in Washington DC. Even though this was not a LendIt...
A recent report by the Cleveland Fed on online lending has caused quite the controversy over its content; the Marketplace Lending Association said the Fed should retract the report; even TransUnion, whose data the report relied upon, took issue with how they presented the material; “We have no understanding of how the Federal Reserve Bank of Cleveland could have used our data to reach the conclusions they did,” Ezra Becker, SVP at TransUnion, said to American Banker; the Fed stated the terminology used in the report has caused confusion but have yet to retract the report. Source.
Small businesses are becoming more anxious by the day with the crisis showing no signs of ending in the near...
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