Three die as a result of harassment from online lenders in Telangana; probe on
In Telangana, at least three cases of suicide due to harassment of employees of money lending applications have been reported in the past month. Those who died include a 29-year-old technician, a 23-year-old farmer and a 28-year-old…
Governor Wolf Announces Low Interest Loans for Tropical Storm Isaias Flood Survivors
Governor Tom Wolf today announced that the U.S. Small Business Administration (SBA) has approved its request to declare a disaster in Berks and Philadelphia counties after Tropical Storm Isaias!-->…
Santa Clara County Plans to Offer $ 6 Million in Low Interest Small Business Loans
The Santa Clara County Supervisory Board voted unanimously on Dec. 8 to partner with the state's "California Reconstruction Fund", hoping to provide up to $ 100 million in funding. county small business loans and immediately provide $ 6…
California’s Reconstruction Fund offers short-term, low-interest loans to help struggling…
SAN FRANCISCO (KGO) — One in three small businesses are on the edge and may not survive the next three months without help. That's the dire prediction of the Bay Area Small Business Majority group. The economy is an important pillar of…
How Personal Loans From Online Lenders Can Help This Holiday Season
Unlike a home or car loan, there is complete flexibility in spending the money on a personal loan.The holiday season is already here in style. As is the case every year, bearing the expenses of Dhanteras, Diwali and Bhai Dhooj in a single…
Low Interest Loans Available To Homeowners And Businesses Recovering From August Floods | Business
WHITEHALL - Homeowners and businesses in Whitehall and other communities affected by flooding in August will be able to apply for low-interest loans.Gov. Andrew Cuomo on Tuesday announced that the US Small Business…
County IDA approves $5.7 million in low-interest loans to 28 businesses to address impact of…
On September 9, local, state and federal officials announced $10.5 million in federal funding to help Chautauqua County businesses during the COVID-19 pandemic. From left to right – Assemblyman Andrew Goodell; Joel Frushone, Director of…
You Can Style Your Home Office With User Friendly Online Lenders
Whether you are a freelance writer or have switched to working remotely during the pandemic, you will need a home office to work comfortably from home. While most professionals try to manage with the bare minimum of desktops to save…
Online lenders banned from collecting borrower information – Manila bulletin
Lenders who operate online apps that can be installed on smartphones are prohibited from collecting personal information, such as telephone contact lists and social media, to harass delinquent borrowers, the National Commission…
How Can Online Lenders Make Your Life Easier?
There are sometimes situations where it is not possible to pay the loan on time. Late payment or non-payment of a debt on time damages your credit history. Banks don't give loans to people with negative credit histories, and if they…
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…
Impact of Covid-19: Low Interest Loans Likely for Vaccine Manufacturers
As Indian vaccine candidates move closer to Phase 3 trials in December, talks about…
Online lenders reach landmark settlement with Colorado
Colorado authorities reached an agreement with two online lenders and their partner banks, ending years of legal wrangling and providing a way forward for fintechs hesitant to do business in the state.Under the deal, which was announced on…
Governor Wolf Announces Low Interest Loans for Philadelphia and Neighboring Counties
The application process opens at 8:00 a.m. on Monday August 10
Governor Tom Wolf today announced that the United States Small Business Administration (SBA) has approved its request to declare a!-->…
Online lenders warn small business loan program could miss target
Australian online lenders have seen little use of the federal government's revamped $ 40 billion small business guarantee program, raising concerns that the stimulus will benefit small and medium-sized businesses.Only 15,600 business loans…
Fiona Review: Not Big Enough To Compete With Major Online Lending Platforms
Ad Disclosure: We receive referral commissions from advertisers. Learn moreBased in New York, this lending marketplace has been around since 2015. Fiona Connects borrowers to some of the best lenders in the business. It gives you a quick…
Landbank Offers Low Interest Loans Up To P300K To Parents
The Land Bank of the Philippines (Landbank) offers direct loans to students from households unable to afford education expenses amid the coronavirus crisis.
In a statement released Thursday, the state bank said it had set aside 1.5…
Why Asian Online Lenders Are Struggling
You can enable subtitles (captions) in video player
Where is the fastest growing fintech market in the world? It might come as a surprise to learn that this is Asia-Pacific, a region where nearly three quarters of the…
Low-Interest Loans Available to Small Businesses Impacted by COVID-19 in Carbon County
The Carbon Chamber and Economic Development Corporation is now offering low-interest loans to provide relief to small businesses affected by the pandemic.
CARBON COUNTY, Pa. — There is some relief for small businesses…
ING Bank Turkey Offers Low Interest Loans To SMEs And Consumers Affected By The Pandemic
ING Bank Turkey unveiled four loan packages on Monday to financially support small and medium-sized enterprises (SMEs) as well as consumers shocked by the coronavirus pandemic.
âOperating with the…
Low Interest Loans for Small Businesses in Unincorporated County Areas
With warning signs, Cotija's taco shop in Santee remains open for business. Photo by Ken Stone
A new low-interest loan program for small businesses in the unincorporated area of San Diego County is now accepting applications.…
Governor Wolf announces low-interest loans for those affected by the Huntingdon County fire
Governor Tom Wolf today announced that the United States Small Business Administration (SBA) has approved his request to declare a disaster in Huntingdon County after a devastating fire earlier!-->…
Ohio House Passes Bill Offering Low Interest Loans For Adoption Expenses – News-Herald
The Ohio House of Representatives recently passed a bill that supporters say helps remove financial barriers for families wishing to adopt.
According to the Ohio Department of Employment and Family Services, adoption can cost between $…
EDC to Offer Low Interest Loans to Small Businesses
Please consider supporting free local news! UpNorthVoice.com is available for free thanks to our valuable advertisers and readers. You can donate by clicking on the PayPal Donate button located in the right sidebar. Thank you!
###…
Beaten by coronavirus crisis, online lenders face bankruptcy
A big warning has always hung over online lenders: The next economic decline, everyone agreed, would be a litmus test for these fast-growing newcomers. Now the long-awaited slowdown, brought on by the coronavirus pandemic, has arrived.…
North Dakota Offers $ 15 Million Low Interest Loans To Ethanol Producers
On April 30, North Dakota officials announced the launch of a low-interest loan program that will provide ethanol producers in the state with up to $ 15 million to help overcome the economic impacts of the COVID-19…
SEC-Cebu warns online lenders harassing borrowers
CITY OF CEBU - The Securities and Exchange…
Top 5 Online Lenders Accepting PPP Applications (UPDATE: January 2021)
Last year, many small businesses were fed up with the Payroll Protection Program (or P3) application process. Traditional banks have struggled to cope with the influx of loan applications, big companies rushed in and gobbled up much…
Enlisted late, online lenders still have to wait to accelerate the stimulus
WASHINGTON - When the federal government opened its $ 349 billion small business loan program last Friday, startups specializing in lending were eager to accept applications and send money to restaurants, gyms and hairdressers hit hard by…
Online Lenders Review: They Don’t Want Your Debt Consolidation Application
Editorial credit: NSoul
In an unprecedented move, online lenders have focused on debt consolidation and personal loans withdrew and asked some publishing partners to âpause the!-->!-->!-->!-->…
Indiana small businesses can now apply for low-interest loans of up to $2 million to help offset…
Job : March 19, 2020 / 9:24 a.m. EDT
/ Update: March 19, 2020 / 9:24 a.m. EDT Getty Images
This is an archived article and the!-->…
Binghamton is offering low-interest loans to small businesses impacted by the coronavirus.
All of USA TODAY Network's coronavirus coverage is provided free of charge to our readers. Please consider supporting local journalism by subscribing to one of our New York news outlets here.Binghamton throws a lifeline to small businesses…
Online lenders offer help to businesses affected by coronavirus outbreak
Call it a business-to-business bailout. As Congress debates a massive coronavirus stimulus package, several private sector efforts are underway to help businesses weakened by the crisis.Online small business lender Kabbage has launched a…
Personal loans: online lenders or banks
The credit market has changed dramatically since online lending platforms entered the scene. Borrowers now have more options not only when it comes to loan products, but more importantly, in choosing a lender. For those looking to…
While the use of online lenders for small businesses remains the same, the familiarity increases:
Don't miss another episode of Truth In Data! Click the red bell in the lower left corner of your screen to receive notifications as soon as the episode is published.
Data for today's episode comes from…
Online lenders face deepfake threat
Online lenders invite prey for scammers hoping to make a quick buck by disguising themselves as legitimate loan seekers from afar.A study conducted in October by LexisNexis Risk Solutions found that fraudulent attacks against digital…
SEC closes 3 other online lending platforms
The Securities and Exchange Commission (SEC) ordered three other online lending platforms - Peso Tree, Pesoalo and Pinoy Cash Loan - to immediately end their illegal operations.
These three lending platforms were not registered as…
Fed: SMEs are dissatisfied with online lenders
In the aftermath of the Great Recession, small businesses struggled to get loans through banks - and even when they were available, the common complaint was that the application process was slow, long, paper-intensive, and clunky. tailored…
Goldman Sachs invests in a group that provides low-interest loans
Goldman Sachs said Thursday that On the Road Lending, a nonprofit, received a loan of up to $10 million from Goldman Sachs Urban Investment Group to help expand its auto lending programs throughout the South. -East.On the Road Lending,…
Lawmakers want to expose online lenders as part of a debt-shaming scheme
Lawmakers are calling for an investigation into online lending companies that use their customers' personal information to publicly humiliate them every time they fail to pay their debts.
Representatives Enrico Pineda and Michael Romero —…
How Some Online Lenders Bypass State Laws To Charge Triple-Digit Interest Rates: NPR
Online lenders charging triple-digit interest rates dodge state laws prohibiting such loans. The money is channeled through banks that are not regulated at the state level to get around the rules.
AUDIE…
Online Lenders Alliance (OLA) publishes new white paper outlining the role fintech innovation plays…
âThe advancements and innovations in fintech over the past decade have reached more of these consumers than ever before with products that meet their unique…
Online lenders target the middle class
SOUTHERN FLORIDA - With stagnant wages and a significant increase in the cost of living, America's declining middle class is often forced to close the credit gap, a cycle that can quickly spiral out of control.!-->!-->…
How secure are online lending platforms?
The digital age brings a new level of availability of products, services or information. All of this at your fingertips. A phone was once a device that you used to call another person and now it has become an essential tool in your…
Over 60 Online Lenders Called on Complaints
The National Commission for the Protection of Privacy (NPC) summoned 67 online lenders for alleged data privacy breaches after other complaints against them surfaced.In a statement released…
NPC Summons 67 Online Lenders for Alleged Privacy Breach
Louella Desiderio - Star from the PhilippinesOctober 5, 2019 | 00h00
MANILA, Philippines - The National Privacy Commission (NPC) has…
Privacy Commission summons 67 online lenders │ GMA News Online
The National Commission for the Protection of Privacy (NPC) on Friday issued a notice by publication concerning 67 unlisted operators of online lending applications. In a statement, the NPC said the 67 online lenders were "the…
67 online lenders summoned for humiliating their clients
The National Commission for the Protection of Privacy (NPC) summoned 67 online lenders for shaming their clients, choosing to contact them through newspaper posts after the agency could not identify their physical addresses.
The AFN…
SEC closes 11 other online lenders
Metro Manila (CNN Philippines, September 23) - The Securities and Exchange Commission (SEC) has shut down 11 other online lending companies as it steps up its crackdown on "unreasonable" collection practices.
The SEC said it has issued…
Online lenders face jail time for shaming borrowers – NPC
Louella Desiderio, Rainier Allan Ronda - Star from the PhilippinesSeptember 7, 2019 | 00h00
MANILA, Philippines - Managers of three…
Online lenders face accusations for humiliating their clients
The National Commission for the Protection of Privacy (NPC) is investigating three major online lending companies accused of publicly humiliating borrowers to threaten them to repay their debts.
The AFN said on Friday it had filed…
Online lenders warn of debt-shaming
MANILA - Online loan operators who break data privacy laws through public disgrace can face fines and prison terms, the National Privacy Commission said on Friday.
Creditors who break data privacy laws through "debt-shaming" can…
Open source lending solution for online lenders and startups
introduction
Online lenders are fast becoming the first port of call for loans and have garnered strong financial interest from VCs and PEs. This demand for a digital lending experience has also forced traditional lenders like…
Small businesses are turning to online lenders much more often: Fed
Small business owners are turning to online lenders for financing much more frequently than they did just two years ago, Federal Reserve banks have found in a new investigation.Last year, 32% of small businesses looking for credit used a…
Worried about a looming recession, U.S. online lenders cut risk
NEW YORK (Reuters) - U.S. online lenders such as LendingClub Corp, Kabbage Inc and Avant LLC are reviewing loan quality, securing long-term funding and cutting costs, as executives prepare for what they fear to be the first economic…
Indonesia toughens rules for online lending platforms
The Indonesian Financial Services Authority (OJK) reports that out of 145 registered online lending platforms, 25 are in the process of applying for OJK's operating license. Noting that there are currently many other lending platforms…
Federal workers on leave can get interest-free, low-interest loans from local credit unions
Thousands of federal workers in Colorado who are furloughed or working without pay are now entering their second month without a paycheck, creating financial hardship for many families.These workers can now get financial help from their…
The rise of online lenders for personal loans overtakes traditional banks
Photo: iStock
More and more Australians are abandoning the big banks and take out personal loans from other lenders, according to the latest data from the Australian Bureau of Statistics (ABS).
Banks continue to lose market share…
Banks or online lending platforms: where should you get a loan from
Personal finance oi-Roshni Agarwal |
Posted: Wednesday October 24th, 2018 10:59 AM
Sometimes as is very often the case,!--QLINKS_ON-->!--QLINKS_OFF-->…
Appeal to the boss: Indonesia faces aggressive Chinese online lenders
JAKARTA/BEIJING (Reuters) - Indonesian authorities have generally welcomed fintech companies offering online loans in Southeast Asia's biggest economy, seeing them as a way to get credit for dozens of millions of people often unable to…
China says it will ban new online lending platforms
The Chinese Yuan, also known as the Renminbi.Adam Young | Flickr | Getty ImagesThe Chinese government is stepping up scrutiny and instituting new measures for a once-booming online lending industry, where fund closures have sparked…
NY DFS: Online lenders need to be watched
The New York Department of Financial Services recommends that online lenders be subject to the same scrutiny and regulations as traditional banks.
A bill signed by Governor Andrew M. Cuomo on June 1, 2017 required DFS to investigate online…
Jackson named new CEO of Online Lenders Alliance
Mary Jackson has been appointed CEO of the Online Lenders Alliance (OLA), which came into effect on Monday.Mary jackson
OLA officials said Jackson, who succeeds Lisa McGreevy, has 25 years of executive experience in the financial!-->…
Online Lenders Alliance names troubleshooting industry veteran
The Online Lenders Alliance, a business group whose members include digital payday lenders, has named Mary Jackson as CEO.Jackson is a troubleshooting industry veteran who was senior vice president of communications at Cash America…
Online lenders challenge big banks
While the RBA leaves the cash rate on hold, new research has found the average home loan customer could save $82,000 by switching from a big four bank to a low-rate online lender.Comparison site RateCity urges home loan customers unhappy…
New report on the impact of online lenders on small businesses
Today, a new report was released on how online lenders are helping small businesses, which in turn is creating economic activity in the United States. The report titled "The Economic Benefits of Online Lending…
Will online lending platforms survive when banks emerge from their sluggishness?
In the formal segment of debt financing in India, there is a huge credit gap.
The credit gap can be defined as the unmet credit need of MSMEs, in addition to the available access to credit from formal institutional sources of finance.…
Not-So-Friendly Competition: Find out CEO Slams Online Lenders
The digital lenders who have rocked the U.S. personal lending industry over the past half-decade have a voice from a leader in the industry's old guard. Discover Financial Services CEO David Nelms said this week that many online lenders…
Two major banks to launch their own online lending platforms
Just over a year ago, Goldman Sachs launched its Marcus consumer lending platform as part of a digital strategy to enter the retail banking segment. Since then, they have grown faster than any online lending…
Online lending platforms test investor confidence
Tianqiao Chen still wants to be part of the Lending Club. Last week, as shares of the largest publicly traded online lender in the United States fell after further decline in earnings forecasts, the CEO of Shanda Group bought an…
Indian online lenders examine social media and other unconventional data to determine…
The article someone tweeted about, the posts they liked on Facebook, and a new phone they just bought from an ecommerce site, all of these events now play a crucial role in determining whether a individual is eligible or not for a loan.In…
Online lenders break out the popcorn, as Trump administration fights to control CFPB – TechCrunch
Another battle is brewing in Washington, though that may not matter much to the many venture capital-backed online lending companies that have sprung up as a result of post-crisis regulations.
At the center of this particular drama:…
Online lenders ignore scandals to increase US market share
Online lenders set up to shake up US retail banking in the wake of the financial crisis continue to grow despite scandals and setbacks from some of the biggest names in the industry.Financial technology groups generated $ 15 billion…
Online lenders should avoid mergers and acquisitions
Alternative loans
Another acquired fintech company fails as online lenders cement their reputation as impulse buyers. Another acquired fintech company fails as online lenders cement their reputation as impulse buyers. News broke late…
CSI Partners With RCGILTNER Services, Inc. To Provide Integrated Online Lending Platforms
PADUCAH, Ky .-- (COMMERCIAL THREAD) - To help clients tap into the growing online lending market, Computer Services, Inc. (CSI) (OTCQX: CSVI), an end-to-end financial technology solutions provider, has partnered up to RCGILTNER…
Bond buyers return to online lenders
After the rather spectacular fireworks display that Lending Club threw around this time last year, it was no big surprise when bond buyers who had taken on debt from the P2P market suddenly got cold feet and began to flee these lending…
Bond buyers forgive and forget, flock to debt from online lenders
The initial appeal of upstart online lenders was that they would disrupt traditional lending markets. But after big setbacks last year, companies are adapting to be a little more Wall Street and a little less Silicon Valley.Changes include…
How Lending Club differs from other online lenders
2016 was a difficult year for the San Francisco-based company loan club. Scott Sanborn, who took over as CEO and previously served as the company's chief operating officer, took drastic measures to get the company back on track. In less…
How these 2 quirky online lenders could help you get financing #FinanceYourBusiness
The following excerpt is from The Entrepreneur's Book Finance your business. Buy it now at Amazon | Barnes & Noble | itunes
nick david | Getty Images
If you're researching…
How Fraudsters Play With Online Lenders
Online lenders' speed advantage has exposed them to a growing problem: a type of fraud called loan stacking. People are taking advantage of the fast loan approval times offered by online lenders to game the system by applying for multiple…
CreditEase invests $30 million through online lenders
Alternative loans
The Chinese fintech giant is investing through major lenders in the US market. CreditEase Wealth Management, an arm of Chinese fintech giant CreditEase, today unveiled investment deals worth $30 million with OnDeck and…
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…
Online lenders vs traditional banks
Opinions expressed by Entrepreneur the contributors are theirs.
Small business loans have never been as varied as they are today. For business owners, this is a good thing. The explosive growth of…
Online lending platforms are not yet proven
A new generation of online platforms was meant to disrupt the banking industry by connecting creditworthy borrowers with investors hungry for yield.It didn't quite turn out that way. After years of rapid growth, the industry in the…
Do online lenders really offer lower mortgage rates?
You shop online, you save money. Almost everyone believes this and compares online stores. And these days, mortgage rates are also easy to buy online.It is convenient. Immediate. We are programmed to believe it.…
Borrower or fraudster? Online lenders are scrambling to make a difference
Silicon Valley banking startups have the technology for almost everything, but they're still trying to catch up with thieves posing as their customers.New research shows that on an average day, about 4.5% of people who take out an unsecured…
Online lenders seek to shape the industry before regulators
WASHINGTON — Online lenders are taking a cue from a familiar playbook in Washington as corporate scrutiny heats up.A central part of their strategy is to prove that the industry can tame itself without the need for additional government…
Chinese online lenders face peer pressure
Chinese regulators have finally moved to clean up the country's difficult peer-to-peer lending market. It could also clean up the profits of companies standing between peers.
After months of deliberation,…
Online lenders jump higher on Monday
Chris Collins | Getty Images Online lending stocks may have finally found bottom, and now they're on their way back.Shares of Lending Club and OnDeck Capital soared on Monday, adding more than 7% and more than 3% respectively. The moves…
Broke? You Can Borrow Money From These Online Lenders – Broke? You can borrow money from…
Updated: July 17, 2016, 03:19 IST1/sevenBroke? You can borrow money from these online lendersRahul Sachitanand, ET OfficeA new generation of online lenders must prove that their businesses are more than a flash-in-the-pan online.Here are…
The real flaw of online lenders LendingClub, OnDeck
The market turmoil earlier this year revealed deep flaws in the business models of online lenders. Although not all are equally vulnerable, they share a common problem: dependence on short-term financing.…
Latest threat to online lenders: “accumulation” of several loans
SAN FRANCISCO/NEW YORK (Reuters/IFR) - Many online lenders have failed to detect the "stacking" of multiple loans by borrowers sneaking into their automated underwriting systems, senior executives told Reuters. lending companies and…
Exclusive: New York financial regulator prepares to probe online lenders – source
(Reuters) - New York state's financial regulator, which recently launched an investigation into LendingClub Corp, is preparing to review the operations of other online lenders and whether they should be licensed in New York, said Wednesday…
Loan rates – how to get low interest loans
If you want to find a good loan rate, you will need to shop around to find the loan and interest rate that best suits your needs. You can do this with our online comparison tool.Getting the best interest rates doesn't just depend on who…
Treasury Department says online lenders need more oversight
Placeholder while loading article actionsThe online lending market suffered another blow on Tuesday after regulators released a report calling for greater scrutiny of the industry.The Treasury Department released a white paper that called…
Online lenders have turned these fees into a cash cow fintech startup loan
Fees paid by consumers for loans are proving a lucrative source of revenue for Lending Club and other online lenders. Lending Club charges up to 6% fitting fees based on its "proprietary model ranking," according to the…
The Downfall of OnDeck: Can Online Lenders Handle a Slowdown?
Online lenders' business models are tested and investors don't like the results.
OnDeck Capital, the online small business lender…
Marketplace Lenders’ Platform
Some of America's biggest online lenders announced the formation of an industry trade group on Wednesday night ahead of an expected discussion of increased regulatory scrutiny.
The three founding members…
Online lenders attract more attention from regulators
Online lenders, led by the Lending Club of San Francisco, have grown explosively over the past few years, lending billions to consumers who can quickly obtain large sums simply by filling out a few online forms.Now, state and federal…
A new generation of online lenders takes aim at the FICO credit score system
For years, the FICO credit score has been the foundation of trillions of dollars in consumer loans in the United States. Banks considering loans tend to obtain a score from a credit bureau and then assess accordingly: the higher the…
Online lenders get pinched by market jitters
Recent market jitters are starting to hit online consumer lenders. As in other credit markets, consumer loan funding has felt the effects of investor uncertainty as the United States begins to move to higher interest rates and many junk…
Online lenders rely on old-fashioned marketing
The most unlikely beneficiary of the online lending boom might be the US Postal Service.
loan club Corp.
CL -2.24%
,…
New online lenders make it easier for small businesses to get loans
Bill Finley, co-owner of Hemp and Company, was approved in less than 48 hours for his business loan with Company Capital, an online provider that offers short-term loan options for small and medium-sized businesses.Online business lenders…
With credit tight, more small businesses are turning to online lenders
Jason Curtis is tired of being told no.In three years, the Hendersonville man estimates he's gone to six banks and a handful of credit unions. He was hoping to get approval for a $25,000 loan – the money he needed to buy inventory like…
Why You Should Consider Online Lenders To Finance Your Business
If you are a small business owner looking for a business loan, you should consider an online lender. Although these creditors – companies like OnDeck, Lending Club, Prosper Loans Marketplace – currently represent only a tiny fraction of…
Inside Sam’s Club deal with online lenders
Sam's Club sells the one-stop-shop concept to small business owners, who purchase everything from office furniture to printer ink at the membership-based retailer. Now they can also seek a deal on a $300,000 loan.The Walmart-owned retailer…
Why small businesses are turning to online lenders
Opinions expressed by Entrepreneur the contributors are theirs.
Small business owners are increasingly turning to online lenders to meet their credit needs. One in five small businesses looking for…
Online lenders offer a faster lifeline to small businesses
Online lenders have two advantages over banks: internally developed lending algorithms and models that they claim allow them to operate profitably in a market traditionally considered quite risky, and fewer regulatory constraints. Because…
What does the rate hike mean for online lenders?
Murat Giray Kaya | E+ | Getty Images The past half-decade has been a gold rush for new online lenders. As banks drown in regulation and the explosion of big data opens up space for more newcomers, a wave of web-based lending…
Online lenders complement small business bank loans
Recent initial public offerings from Lending Club and OnDeck Capital have led some observers to argue that online lending platforms will soon replace banks as the major source of credit for small businesses. I do not agree.Rather than…
Google and Lending Club launch low-interest loans for Google partners
Missed a Data Summit session? Watch on demand here.
Peer-to-peer lending service Lending Club has announced a new partnership with Google to facilitate funding for "eligible Google partners".
The partnership is a pilot…
Alternative online lenders meet the financing needs of small businesses
BY KAREN MILLS
(Editor's note: This is the last in a series of four articles based on a Harvard Business School working paper by Karen Mills that analyzes the current state of availability of bank capital for small businesses.)
Banks…