online lending

Simply put, an online loan is money that's borrowed from a lender who operates online. While the specific process for an online loan can vary from lender to lender, there are many ways in which it's the same across the board.

Source: opploans.com

Widening Borrower Protection’s Scope To SMBs
Widening Borrower Protection’s Scope To SMBs
January 29, 2020  |  B2B Payments

Borrower protection initiatives have taken aim at predatory lenders, both online and brick-and-mortar, with legislators at the state and federal levels addressing concerns that include...

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Inside Affirm’s ID Verification And Fraud Prevention Techniques
Inside Affirm’s ID Verification And Fraud Prevention Techniques
November 06, 2019  |  Authentication

Stringent ID verification is crucial for online lenders to prevent fraudsters from using stolen identities to rip them off. This means lenders must utilize hard-to-falsify...

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BBVA, Prosper Partner To Offer Easier Home Equity Loans
BBVA, Prosper Partner To Offer Easier Home Equity Loans
November 04, 2019  |  Loans

Online lending marketplace Prosper has teamed up with BBVA USA to offer a new way for consumers to apply for a home equity line of...

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Credible Labs Valued At $397M In Deal With Murdoch’s Fox
Credible Labs Valued At $397M In Deal With Murdoch’s Fox
August 05, 2019  |  Investments

Rupert Murdoch-controlled Fox Corp is buying personal finance broker Credible Labs in a deal valued at $397 million, Reuters reported on Monday (Aug. 5). The...

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Chase Terminates OnDeck SMB Loan Collaboration
Chase Terminates OnDeck SMB Loan Collaboration
July 29, 2019  |  Loans

Following its disclosure that JPMorgan Chase would no longer originate new small business loans through OnDeck’s platform hosting Chase Business Quick Capital, shares in OnDeck...

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SoFi Loses Three Top Execs
SoFi Loses Three Top Execs
June 05, 2019  |  Personnel

Social Finance, the online lender that goes by SoFi, was dealt another blow after three top executives said they are gearing up to leave the...

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BBB Sounds Alarm On Online Small Business Lending
BBB Sounds Alarm On Online Small Business Lending
May 07, 2019  |  B2B Payments

The Better Business Bureau (BBB) is issuing a warning to small businesses (SMBs) about a possible lending scam shedding light on the risks of online...

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FTC Fines Avant $3.85M For Customer Deception
FTC Fines Avant $3.85M For Customer Deception
April 15, 2019  |  Legal

The Federal Trade Commission announced on Monday (April 15) a $3.85 million settlement with online lender Avant over a lawsuit alleging the firm lied to customers...

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Online Lending Site Launched By PM Now Biggest In India
Online Lending Site Launched By PM Now Biggest In India
March 04, 2019  |  B2B Payments

An online loan site, launched in November by Prime Minister of India Narendra Modi, is now the largest online lending platform in the country. The...

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