Fintech startup Earnin, who bills itself as an early access program for people to get a piece of their paycheck...
In this week’s PeerIQ Industry Update they cover the troubling data of millennial delinquency rising significantly higher than older borrowers;...
The New York Department of Financial Services continues to thoroughly investigate the business practices of online lenders; a proposal is in process that would require increased regulation for online lenders; specifically new regulations would be instituted for all lenders making personal loans of $25,000 or less and business loans of $50,000 or less and would also apply to online lenders involved in soliciting loans and buying loans. Source
Yesterday, a New York federal judge ruled that the New York Department of Financial Services (NYDFS) could proceed with two...