Loans

LendingPoint: CAN Capital’s Close Neighbor in Kennesaw

August 14, 2017
Article by:

welcome to kennesaw

This article is from deBanked’s Jul/Aug 2017 magazine issue. To receive copies in print, SUBSCRIBE FREE LendingPoint, a consumer lender staffed largely by former CAN Capital employees, may have something to teach the alternative small-business finance industry about creditworthiness. Three-year-old LendingPoint claims to go beyond FICO scores to bring each applicant’s sense of fiscal responsibility […]

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SmartBiz Loans Expands Its Footprint With a NorCal Bank

April 25, 2017
Article by:

bank

Technology-based lending platform SmartBiz Loans, which is dedicated to facilitating SBA loans, has expanded its bank roster. SmartBiz announced today a new partnership with Sacramento-based Five Star Bank, bringing the tally of the number of banks on the startup’s platform to five and thrusting marketplace lending into the spotlight once again. Five Star already delivers […]

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Blazing Trails in Unexplored Financial Markets

April 4, 2017
Article by:

fintech

Once upon a time people with health insurance who were treated for medical emergencies, illnesses or chronic health conditions –an illness or accident requiring hospitalization, an appendectomy, or a hip replacement, say – could rest easy. Insurance underwriters like United Health, Wellpoint or Humana would surely handle most, if not all, of a patient’s medical […]

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For Marketplace Lending Securitizations, A Bumpy Road But Strong Investor Sentiment

April 3, 2017
Article by:

Wall Street

A new report by published by PeerIQ contains 10 recent examples of trigger breaches in marketplace lending ABS transactions. “Since the inception of MPL ABS market, we have observed 10% of deals breaching triggers historically,” the report says. It goes on to say that these events are typically manifestations of “unexpected credit performance, poor credit […]

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In This Online Lender’s Earnings Report, Profits, MCAs and Term Loans

March 22, 2017
Article by:

New York Stock Exchange

Enova (NYSE:ENVA) shows that an online lending business can be profitable Limited details were offered when Enova, a publicly traded company, acquired The Business Backer (TBB) in June 2015. For one, the Cincinnati Business Courier had the exclusive, which one might not describe as the typical go-to source for online finance news. But TBB was […]

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SoFi Plays It Safe With Super Bowl Ad – And Kind of Wants to Be Your Bank

February 6, 2017
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SoFi Commercial

“Here’s to conquering more together in 2017,” SoFi’s Super Bowl ad asserts. The company wants to help you own a home, start a family and see the world. They essentially want to be your bank for life, and now that their acquisition of Zenbanx allows them to offer checking accounts, they pretty much can be. […]

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Google Banned Five Million Payday Loan Ads Last Year

February 3, 2017
Article by:

loans (2)

After Google suspiciously decided to permanently ban payday lending ads from their search results last year, they had to disable more than 5 million payday loan ads, Google’s Sean Spencer wrote in a blog post. They also “took action on 8,000 sites promoting payday loans,” he said. For years, Google had no problem with payday […]

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Meet the Online Lender That’s Made $100 Billion in Loans

January 31, 2017
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$100 billion loanDepot

Here’s a milestone for you, loanDepot has funded more than $100 billion in loans since they were founded in 2010. Mortgage loans may have enabled them to hit such a higher number in a short amount of time, but they also have a robust personal loan business. The two have more in common than you […]

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The Leads Are Weak, Court Rules

January 21, 2017
Article by:

leads are weak

One disagreement that has come out of the Argon Credit bankruptcy case is the value of the consumer loan leads that the company has in its possession. Argon argued that it has 300,000 leads worth $5.5 million based on its alleged cost to acquire them. In a court filing, Fund Recovery Services, LLC (FRS), a […]

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New Industry Group Established to Support Consumers’ Right to Access their Financial Data

January 19, 2017
Article by:

press release

The Consumer Financial Data Rights (CFDR) group defends consumers’ access to their data and fuels new innovation in fintech REDWOOD CITY, Calif., Jan. 19, 2017 /PRNewswire/ — The Consumer Financial Data Rights (CFDR), a new industry group formed by some of the most recognized companies in the financial sector, officially launched today in support of […]

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