Loans

Lending Disruptor, Rocket Mortgage, Announces First eSports Sponsorship

January 22, 2018
Article by:

rocket mortgage and 100 thieves

Rocket Mortgage has thrown its hat into the burgeoning eSports ring, Quicken Loans, its parent company, announced on Friday. The brand has entered into a sponsorship agreement with the 100 Thieves’ League of Legends division. Citing a synergy between the end-to-end online and on-demand mortgage product and the “disruptive” world of eSports gaming, Quicken Loans […]

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Was This Bitcoin Lender Paying Returns Too Good to Be True?

January 17, 2018
Article by:

shell game

As the rivers flowed red with the blood of crashing cryptocurrencies Tuesday, one company did not survive. BitConnect, a company infamous in the crypto community for paying out obscenely high returns for lending your bitcoins, may have been too good to be true. BitConnect offered investors the opportunity to make loans on their platform and […]

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New Mexico Bill Would Allow State Employees to Repay Loans Via Paychecks

January 15, 2018
Article by:

shiprock at sunrise, new mexico

Proposed legislation would enable New Mexico to offer small loans to state employees that are paid back via deductions from their paychecks. Put forth by Democratic state Senator Bill Tallman, the bill would put a 30 percent ceiling on interest rates for loans obtained via the program and limit repayment to 12 percent of gross […]

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Payday Loan Convict Scott Tucker to be Featured in Netflix Docuseries

January 14, 2018
Article by:

Scott Tucker Race Car

Payday loan mastermind Scott Tucker, who was recently sentenced to 16 years in prison, will be featured in Dirty Money, a Netflix docuseries focused on tales of greed. Watch a trailer of the series below Tucker was among the most prolific payday lenders in the United States, using Native American tribes to shield himself from […]

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Technology Drives Changes in CRE Lending Space

December 21, 2017
Article by:

commercial space

This story appeared in deBanked’s Nov/Dec 2017 magazine issue. To receive copies in print, SUBSCRIBE FREE Online technology, which paved new paths for consumer and small business lending, is making similar inroads with the commercial real estate industry. Over the last few years, several online marketplaces have been established to try and match commercial real […]

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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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