Post Tagged with: "online lenders"

Banks Return to Buying As Lending Club Records More Loss

Banks Return to Buying As Lending Club Records More Loss

by February 15, 2017 at 10:29 am 0 comments

Lending Club may be back on track with banks, but not soon enough to help its fourth quarter results. 2016 was a tumultuous year for the online lender. The company set high goals for the fourth quarter, including its determination to generate $2 billion in loans. The lender’s very narrow miss ofRead More

TransUnion Fights ‘Loan Stacking’ and Synthetic Identities with New Tool

TransUnion Fights ‘Loan Stacking’ and Synthetic Identities with New Tool

by January 25, 2017 at 12:42 pm 1 comment

Financial fraud is here to stay, unfortunately, and it comes in many different forms. Credit card fraud isn’t quite as sexy as ransomware, but it’s still a huge, money-sucking criminal enterprise, and it’s unlikely giving up that cash cow is one of the resolutions fraudsters made for the new year.Read More

Kabbage Starts White-Labeling Its Lending Service

Kabbage Starts White-Labeling Its Lending Service

by April 9, 2014 at 11:46 am 0 comments

The recent successes of online lenders has made them attractive to investors — and now banks are entering the fray. Small-business lender Kabbage will soon white-label its service to “a very large financial services company,” according to TechCrunch. The online lender recently secured a $270 million credit facility from Guggenheim Securities,Read More

Western VCs Look Warily at Latest Russian Lending Startup

Western VCs Look Warily at Latest Russian Lending Startup

by March 18, 2014 at 2:12 pm 0 comments

A new Russian startup — yes, Russian — is promising microloans (or at least microloan approvals)  in just 45 seconds. But it appears that Zaimionline.ru, which is now seeking more funding to go with its seed round, is going to have a tough time raising money from Western VCs because of theRead More