peer-to-peer lending

CFPB Targets Tipping Model Used by Serena Williams-Backed SoLo Funds
CFPB Targets Tipping Model Used by Serena Williams-Backed SoLo Funds
July 19, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) is intensifying its scrutiny of SoLo Funds, a lending startup backed by tennis star Serena Williams. The CFPB has...

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Report: FinTech CRED to Invest in P2P Lending Platform LiquiLoans 
Report: FinTech CRED to Invest in P2P Lending Platform LiquiLoans 
September 16, 2022  |  Fintech Investments

Credit card bill payment platform CRED is reportedly planning to invest $10 million in peer-to-peer (P2P) lending platform LiquiLoans. With the investment, CRED would acquire...

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LendingClub Deposits Grow 68% in Wake of Radius Bancorp Acquisition
LendingClub Deposits Grow 68% in Wake of Radius Bancorp Acquisition
April 27, 2022  |  Earnings

In further evidence of its journey to become a direct-to-consumer digital bank, LendingClub’s latest results showed significant growth in deposits, in loan originations, and in...

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Zopa Secures UK Banking License
Zopa Secures UK Banking License
June 24, 2020  |  Bank Regulation

Zopa, the United Kingdom-based peer-to-peer (P2P) lender, has reached its latest milestone and received its banking license as it takes on traditional banks, the Financial...

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LendingClub CEO Heralds ‘Transformative’ Radius Bank Buy
LendingClub CEO Heralds ‘Transformative’ Radius Bank Buy
February 19, 2020  |  Earnings

LendingClub on Tuesday (Feb. 18) posted results that showed continued growth in loan originations, up mid-single-digit percentages year over year – results that were possibly...

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SoLo Adds Mastercard Integration To P2P Lending Platform
SoLo Adds Mastercard Integration To P2P Lending Platform
April 05, 2019  |  Loans

SoLo Funds announced it has added a Mastercard integration so users can link their debit accounts to the peer-to-peer (P2P) lending platform. The company noted...

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Tighter Reg Shrinks China’s P2P Lending Mkt By 50 Pct In 2018
Tighter Reg Shrinks China’s P2P Lending Mkt By 50 Pct In 2018
January 02, 2019  |  Regulation

The peer-to-peer (P2P) industry in China could see the number of players decline by as much as 70 percent in 2019, reported Bloomberg. The report,...

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UK Regulators Taking Very Close Look At P2P Lending
UK Regulators Taking Very Close Look At P2P Lending
July 31, 2018  |  Alternative Finances

The P2P lending market is big business in the U.K. According to the U.K. Peer-to-Peer Finance Association (P2PFA), a self-regulating P2P industry group that includes...

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U.K. Watchdog Proposes New Regulations On Lending Platforms
U.K. Watchdog Proposes New Regulations On Lending Platforms
July 27, 2018  |  Bank Regulation

The U.K. watchdog in charge of investor oversight proposed tough new regulations regarding peer-to-peer (P2P) lending platforms, in a bid to help consumers wade through...

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