Are Online Lenders Safe?

Like other banks and financial institutions, online lenders must adhere to certain laws and regulations set by regulatory bodies. In particular, they should take steps to ensure that a borrower is not beyond a borrower's means to repay a…

Online lenders take a turn

The sun peeked behind the clouds in the online lending industry as two major deals finally closed in February. Personal loan specialist Prosper Marketplace Inc. has an agreement that has been ongoing for months for investment firms to…