The alternative lending industry is hitting turbulence as it attempts to overcome its biggest challenge — securing capital for loans from investors...
Industry News (5)
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Posts about Industry News (5):
Online lender Prosper Marketplace Inc. is in advanced talks with a group of investment firms to sell them roughly $5 billion worth of loans over the...
We respectfully disagree with your characterization of charge-off rates on the LendingClub platform in “Online Lender’s New Issue: Bad Loans” (Money...
A subsidiary of Legg Mason (NYSE:LM), Western Asset Management would commit to purchasing a certain amount of LendingClub’s (LC +0.3%) loans each...
Credit- and data-quality concerns were already dogging the high-flying marketplace lending sector when, in May, Renaud Laplanche, founder and chief...
Marketplace lending platform Lending Club (NYSE:LC) has appointed Patrick Dunne as its new Chief Capital Officer. Dunn, an experienced investment...
The recent rebuke by the Solicitor General (SG), a unit of the Department of Justice, concluded that Midland Funding LLC (a nonbank collection...
As illustrated in today’s article in Bloomberg, while some banks are pressing pause, long term investors like Prime Meridian are pressing forward by...
Lending Club’s ouster of Chairman and CEO Renaud Laplanche and 35% drop in stock price has rattled the marketplace lending industry. Meanwhile,...
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Marketplace Lending for Institutional Investors and Wealth Managers: An Overview
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