UK based online real estate lender LendInvest announced a $328mn securitization deal yesterday which is the second in the last...
OnDeck lost $59mn in Q1 2020 as their streak of seven straight quarters of profitability came to an end; the...
We are winding down the year and approaching the time when the news cycle starts slowing down and everyone begins...
Challenger banks doubled their lending operations to $150bn in 2019 from 2012/13 as they push further into traditional banking lines...
Online lenders have felt the brunt of the current crisis as many of the platforms operate on a marketplace model...
The Securities and Exchange Commission fined online lender Prosper late last week for inflating returns to more than 30,000 investors;...
All of the leading online lenders are struggling as the economic crisis continues to get worse; many have cut originations...
One of China’s largest online lenders has shelved their IPO because of the regulatory crackdown on online lending; the FT reports that Lufax is waiting until the China Banking Regulatory Commission (CBRC) required online lenders to apply for a license; the current thinking is the government will approve licenses in April, though the time frame could be a bit longer; Lufax wants to ensure they get it right instead of rushing to be first. Source.
According to Stephen Lybarger, deputy comptroller of licensing at the OCC, the new OCC fintech charter might be better suited for...
Lenders of all stripes are starting to review their lending criteria as they anticipate seeing a wave of applications from...