Articles by deBanked Staff

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Major Online Consumer Lenders Ranked By Revenue

October 17, 2017
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online consumer lenders ranked

This chart is from deBanked’s Sept/Oct 2017 magazine issue. To receive copies in print, SUBSCRIBE FREE The below chart ranks several well known online consumer lenders by revenue over the last 5 years. The data is primarily drawn from reports submitted to the Inc5000 list, public earnings statements, or published media reports. An asterisk indicates […]

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Payday Lending King Scott Tucker Convicted

October 14, 2017
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Scott Tucker - Payday Lending Kingpin

One year after a federal judge awarded a record-setting $1.3 billion judgment to the FTC against Scott Tucker for damages caused by his payday lending empire, a jury in the Southern District of New York found him guilty on criminal charges that include participating in a racketeering enterprise through the collection of unlawful debt, wire […]

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The Sept/Oct 2017 Issue of deBanked Magazine Has Shipped

October 12, 2017
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deBanked Magazine September/October 2017

The latest issue of deBanked Magazine has shipped. In this issue we explore a new rule implemented by credit bureaus surrounding the reporting of liens and judgments, the shifting landscape for lead generators, and once again, what merchants themselves are saying about their experiences with online loans and merchant cash advances. There’s a lot more […]

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Online Lender Pave Returns As Decentralized Credit Bureau

October 11, 2017
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Online lender Pave, which stopped making loans in June, is coming back as a decentralized credit bureau, according to their website. “One of the key benefits of Pave’s new product is the decentralized and encrypted storage of individuals’ financial data in the blockchain,” a Pave press release published on Tuesday said. Pave also plans to […]

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Updates On Several Industry Court Cases

October 4, 2017
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New York Supreme Court

Curious to know the status of industry court cases we’ve reported on? Here’s an update on several: Case When filed Where pending Status Yellowstone Capital LLC and EBF Partners, LLC v. Corporate Bailout, LLC, Mark D. Guidubaldi & Associates, LLC dba Protection Legal Group, PLG Servicing, LLC, American Funding Group, Coast to Coast Funding, LLC, […]

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Get Your Free Hard Copy of deBanked Magazine

October 2, 2017
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Sept Oct 17 top

If you haven’t already signed up to receive our magazine in the past, you should register today to make sure you receive our September/October issue! Subscribing is FREE and this issue is packed with stories, stats, and industry data you can’t find anywhere else. We can also arrange for multiple copies to be shipped to […]

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deBanked to Attend FundKite ISO Event at Met Life Stadium Nov. 2nd

September 29, 2017
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New York Jets

It’s unlikely the New York Jets will be dreaming of the Super Bowl come November 2nd when they play the Buffalo Bills, but MCA company FundKite is hosting a VIP event for select ISOs/brokers at Met Life Stadium in East Rutherford, NJ that day. According to FundKite, sales reps that hit certain funding targets will […]

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Scott Cornelis Joins Enova International as Treasurer

September 28, 2017
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Welcome aboard

Scott Cornelis, the head of capital markets at BorrowersFirst, has become the Treasurer at Enova International, according to LinkedIn. BorrowersFirst is an online consumer lender that raised a $100 million senior debt commitment from Waterfall Asset Management earlier this year. Enova is a publicly traded online lending company that owns The Business Backer and Headway […]

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Ranger Direct Lending Fund Cites Princeton Fund As Source of Woes

September 27, 2017
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rolled newspaper

Ranger Direct Lending (Ranger), A UK-listed fund that has invested with companies such as AmeriMerchant/Capify, Biz2Credit, and Blue Bridge Financial, cited problems with the Princeton Alternative Income fund in its latest midterm report. The problems stem from Princeton’s original investment in Argon Credit, an online consumer lender that went bankrupt last December. The judge in […]

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What Will it Take to Grow OnDeck’s Stock Price?

September 20, 2017
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ondeck capital ipo

OnDeck closed at the exact same price on September 14th as it did on July 20th, $4.58. In between, OnDeck reported one of their best quarters ever (they released their 2nd quarter earnings on August 7th) and experienced a temporary boost to $5. Even then, the stock was 75% down from the IPO price and […]

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