Union Credit on Monday (July 17) announced the launch of what it called the “first marketplace for credit unions to make firm, one-click credit offers at the point of purchase.” According to a news release, the marketplace lets CUs reach new and credit-worthy members who aren’t...
Exactly two weeks ago today (April 25), LendingClub‘s stock hit an all-time low with the announcement of an FTC-backed lawsuit alleging that it loading up its borrowers with hidden fees on loans proffered through its marketplace – and, in some cases, that it attempted to...
Personal Money Service is expanding its loan product offerings to corporate borrowers. The firm announced Monday (Dec. 5) that it is rolling out several new loan products in response to continued demand for working capital among business owners. The lending marketplace, which connects borrowers to...
An online lender finds itself in the unfortunate position of having supplied funds to an ISIS-inspired terrorist weeks before he and his wife carried out a shooting spree in San Bernardino, California, that claimed 14 lives and wounded 21 others. Yesterday (Dec. 8), Prosper Marketplace...
May 09, 2018
Exactly two weeks ago today (April 25), LendingClub‘s stock hit an all-time low with the announcement of an FTC-backed lawsuit alleging that it loading up its borrowers with hidden fees on loans proffered through its marketplace – and, in some cases, that it attempted to collect on loans that had already been paid off. The […]
February 13, 2024
Upstart achieved an all-time high in its automated credit origination process in the fourth quarter. The artificial intelligence (AI) lending marketplace had 89% of its unsecured loans approved through an instant and fully automated process during the quarter ended Dec. 31, Upstart said in a presentation released Tuesday (Feb. 13) in conjunction with the company’s quarterly earnings call. […]
July 17, 2023
Union Credit on Monday (July 17) announced the launch of what it called the “first marketplace for credit unions to make firm, one-click credit offers at the point of purchase.”...
December 09, 2015
An online lender finds itself in the unfortunate position of having supplied funds to an ISIS-inspired terrorist weeks before he and his wife carried out a shooting spree in San...
