During the last financial crisis the Federal Reserve created a new program called the Term Asset-Backed Securities Loan Facility (TALF);...
Executives at some Chinese banks and online lenders are reporting that more consumers are becoming delinquent on their credit card...
Yesterday, LendingClub shared that they were laying off 460 people, accounting for 30% of their workforce; the cuts were across...
We all know that consumers are being hit hard by the economic devastation caused by the coronavirus. With over 30...
According to recent data from TransUnion lenders reported that almost 15 million credit cards were in financial hardship programs; this...
LendingClub is increasing their interest rates to new borrowers ranging from 2% to 4% depending on the loan grade; LendingClub...
One of the best ways to learn what is going on during the current crisis is to attend live virtual...
SoFi shared in a press release that they had helped funnel over $75 million in loan applications to lenders for...
While small businesses have been able to access credit during the current crisis, this is not the case for many...
Quoting data from Transunion the Wall Street Journal is reporting that 106 million loans have been enrolled in forbearance, deferment...