Better have launched the Equity Unlocker, allowing employees to use vested equity as collateral for mortgages.
Kroll Bond Rating Agency has assigned preliminary ratings to a LendingClub securitization portfolio; the loan securitization, LendingClub Issuance Trust, Series 2016-NP2 (LCIT 2016-NP2), is valued at $101.75 million and includes two classes of notes with LendingClub consumer loans; the class A tranche which accounts for 84% of the deal at $85.3 million, is rated BBB; the class B tranche accounts for 16% at $16.4 million and is rated BB+. Source
Financial institutions are pressured by costs and regulations totalling $56.7 billion, LexisNexis Risk Solutions finds in a new report.
First Citizens Bank has acquired part of the failed SVB, announced the FDIC yesterday.
Embedded finance has been caught in the convergence of instant payments and open banking. It could be its time to shine.
Increased challenges have buffeted an already unstable SME lanscape - Is B2B BNPL a saving grace or could it ultimately worsen conditions?
Sifted has done some interesting analysis on the founders of the top 10 leading digital banks in the UK; it...
After a successful first quarter, LendingClub posted earnings of $.39 a share on revenue of $289.5 million, beating analysts' expectations.
Research from TransUnion suggests that the Federal Housing Finance Agency’s (FHFA) move to a bi-merge system could significantly impact both consumers and lenders while providing little benefit.
Wednesday, Federal Reserve chair Jerome Powell announced the fed would raise interest a half a percent to combat post-pandemic inflation.